Comparison of the MHA and MBA Courses
If you are looking for career outcomes in the health facility field can choose one of these 2 programs- Master of Health Administration or Master of Business Administration. But most of you will be wondering about the difference between the two of them. MHA is a course where you will be trained exactly to work in the field of healthcare administration but MBA involves financial and economic training along with healthcare aspects. So here is an article which helps you know the comparison between them and also to make the right decision based on your career dreams and interests.
It is a globally recognized degree course that is designed to develop and enhance a student’s technical and other soft skills that are required in order to attain his/her goal in the field of business and management. An MBA in Healthcare Management supplements a specific focus of management within the healthcare industry to the general MBA degree, applying this business management and administration fundamentals to the unique requirements of healthcare.
It is an accredited degree course that is designed and developed in order to train students in the field of population health, health care economics, health policy and management of health-related organizations, while also possessing those business subjects that are most commonly observed in several MBA programs like financial analysis and management, human resource management, marketing, communications, operations, and strategic business management.
When the two courses are compared, it is observed that there is no much of a difference. In MHA, it is seen that this concentrates completely on health care whereas, in MBA, it is observed that this degree mostly have concern towards both subjects that are related to business as well as health care. Both programs focus on developing knowledge, skill, and attitude that are essential to Hospital Managers. For MBA, there are 36 credits in total whereas, for MHA, there will be 37 credits in total out of which 31 are for required courses and other 6 fr elective courses.
The cost of an MBA degree can vary but the average tuition for a two-year MBA program beats $60,000. If you attend one of the top business schools in the US, you may have to pay $100,000 or more for tuition and fees. In-state students will have to pay about $6,500 to $36,000 for their entire MHA degree program, but if you are out-of-state students, you can expect an overall degree cost that can range from about $26,000 to $75,000. When compared to MBA, an MHA graduate will be profoundly rooted in the business side of health care and qualified for a career focused on health care leadership since there are several other opportunities for an MBA graduate as they would have studied subjects that are completely different from health.
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