Why Get a Dual MSN-MBA Degree?

Why Get a Dual MSN-MBA Degree?
Why Get a Dual MSN-MBA Degree?

Nurses with an interest in advancing their careers have many options within reach. Ambitious RNs who enjoy the business aspect of health care have an opportunity to earn a dual degree by taking an online Master of Science in Nursing — Master of Business Administration program. In today’s health care world, an online Master’s in Nursing MBA opens many career opportunities for nurses who would like to work in business and management.

An MBA in nursing is highly valuable, as a business school graduate’s expertise allows them to oversee clinical operations, work in leadership and management, help establish facility and health care policies and manage and expand services provided.

MSN-MBA Career Outlook

Health care is growing and changing at a rapid pace. Business-minded individuals who also possess health care knowledge are required to help develop, implement and oversee these changes. Nurses who possess the dual MSN-MBA degree are eligible for many different positions, including:

  • clinical administrator
  • nurse manager
  • nursing supervisor
  • nursing director
  • executive manager
  • chief nursing officer (CNO)

Nurses who are interested in teaching also benefit from earning an MSN-MBA, since the dual degree qualifies you to teach both business and nursing after graduation.

Earning a business degree also allows nurses to take charge of their own careers. Ambitious graduates may opt to become nurse entrepreneurs, start their own business or work as an organizational consultant for health care companies. Consulting is an excellent career option for nurses who enjoy change and variety in their careers.

Earning Potential

Earning a master’s degree is a great way to boost your income, and earning two master’s degrees is an even better option. Nurses who earn the MSN-MBA dual degree are eligible to become Chief Nursing Officers (CNOs). The high level of responsibility held by a CNO comes with definite benefits: Chief Nursing Officers earn a base median annual salary of over $126,000.

Nursing Director is another high-powered position that often requires a dual master’s degree and plenty of nursing and management experience. Nursing Directors earned an average salary of over $143,000 per year in 2018. While Chief Nursing Officers usually work in hospitals, Nursing Directors can be found leading many health care facilities, including rehabilitation centers, nursing homes and assisted living facilities. Similar to Chief Nursing Officers, Nursing Directors also oversee policy change and implementation, management and manage services offered.

Earning an MSN-MBA Degree

Don’t wait any longer to pursue your dream career; put your leadership skills and ambition to work. Spring Arbor University’s MSN-MBA program offers an online format with clinicals that are completed at times convenient for you. Students can even continue to work full-time while completing the program, placing higher education within reach for busy working nurses.

Reach out to our dedicated enrollment advisors today to find out more about Spring Arbor University’s online MSN-MBA program.