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What Is the Advantage of an MSN/MBA Dual Degree?

Health care is big business, and there is a growing need for nurses with both nursing experience and business acumen. Spring Arbor University offers an MSN/MBA dual degree that prepares nurses for positions that require expertise in business and nursing. Spring Arbor University’s dual MSN/MBA degree offers six areas of concentration:

  • Health Care Administration
  • Human Resource Development
  • Management
  • Organizational Consulting
  • Executive Leadership

This dual degree allows interested nurses to attain degrees in advanced practice nursing, nursing education or nursing administration with advanced business coursework. Graduates of such programs pursue positions such as chief nursing officer, chief nurse executive and director of nursing.

Career Options for MSN/MBA Graduates

Nurses who earn a dual MSN/MBA degree benefit from curriculums that combine management, clinical work and advanced management coursework. The dual MSN/MBA degree prepares nurses to work in many different areas of nursing with enhanced salary potential and a fantastic job outlook.

  • Hospitals
  • Physician practice management
  • Community health centers
  • Health departments
  • HMOs
  • Home health care management
  • Consulting
  • Insurance companies

Besides the fantastic job outlook and salary options, the dual MSN/MBA degree helps nurses acquire skills that will enable them to impact the health care environment from the ground up. From policy and procedure to the bedside, this degree allows the nurse to play an integral part in creating health care’s future while continuing to provide best-practice patient care.

Optimal patient outcomes remain the primary goal for nurses at all levels. The Institute of Medicine advocates for advanced education for all nurses because increased knowledge improves patient outcomes across the board. However, it is no longer enough to have excellent clinical skills; nurse leaders must understand the financial, executive and organizational challenges of today’s healthcare climate.

Salary and Job Outlook for dual MSN/MBA Graduates

Overall, there is a nursing shortage, and nurses of all kinds are in high demand. Nurses with advanced education are particularly sought-after in the marketplace. The MSN degree opens many doors for nurses, and the dual MSN/MBA degree offers new opportunities in nursing leadership. Who better to lead nurses into the future than nurses themselves? The dual MSN/MBA provides the executive, financial and organizational foundation required to do just that.

Payscale.com reports that the average annual wage of a board-certified nurse executive is $130,000, with salaries increasing proportionally with years of experience. The American Organization of Nurse Executives (AONE) reports that chief nursing officers (CNOs) often earn upwards of $250,000 annually.

The online MSN/MBA program at Spring Arbor University offers nursing professionals curriculum that provides the best of advanced nursing practice and business coursework. Graduates gain clinical expertise in addition to business leadership and problem-solving skills in the areas of economics, finance, marketing, management and operational administration.  Lastly, earning an advanced nursing degree is more convenient than ever with programs such as those offered through Spring Arbor University, where 100 percent of didactic coursework is offered online.

Read Top Paying Nursing Jobs and Nurses as Leaders: How They Inspire, Innovate and Influence.

 

Sources:

http://ccn.aacnjournals.org/content/24/3/52.fullDiana

https://campaignforaction.org/resource/future-nursing-iom-report/

https://www.payscale.com/research/US/Certification=Nurse_Executive_-_Board_Certified_(NE-BC)/Salary

http://www.aone.org/

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About SAU Online

Since 1873, Spring Arbor University has helped students pursue wisdom by offering an education grounded in the Christian faith. What began as a small elementary and secondary school in the late 1800s has evolved into a premier private Christian university that offers engaging online programs designed to meet the unique needs of busy, working adults. While we’re not the only university to offer online degree programs, our distinction lies in our total commitment to providing educational excellence within a Christ-honoring and supportive online community.

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The baccalaureate degree program in nursing and master degree program in nursing at Spring Arbor University are accredited by
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