It’s no surprise that so many MBAs are interested in going into the healthcare sector. The firms in this industry—along with those in pharma and biotech—can be huge and growing. Because these fields tend to be so complex, it takes a special type of manager to be able to navigate them. This is where an MBA in Healthcare comes in: it can help prepare students to deal with a range of issues in the healthcare, pharma, and biotech fields.
Indeed, for students working or hoping to work in the health fields, an MBA can prepare them for various functional roles – like marketing, business development, or strategy – at companies in the healthcare services, life sciences, pharma, and biotech industries.
Fortunately, some business schools offer specialized MBAs in the healthcare field, which often explore the challenges that managers will face in healthcare firms. Additionally, some business schools allow MBA students to supplement their studies with a second healthcare-related degree, such as an MD or a Masters in Nursing.
In any case, the best MBA programs in healthcare will often cover a range of topics, such as healthcare economics, operations in healthcare firms, and the financial management of health institutions, for example. Some MBA programs might also cover issues in global health and even service delivery.
An MBA in Healthcare can help grads land internships and jobs at nonprofit organizations, or as consultants, investment bankers, and venture capitalists focused on healthcare.
Located in what is known as "The Healthcare City" - Rutgers is close to big pharma companies like Johnson & Johnson and Bristol-Myers Squibb, as well as several large hospitals. Rutgers' Pharmaceutical Management MBA concentration and the Lerner Center—which publishes relevant research and puts on events—further strengthen the school's links to the biopharmaceutical industry. Fifty-four percent of the class of 2020 went into the healthcare or pharma industries, the highest rate of any school that FIND MBA surveyed.View School Profile
BU offers a two-year, specialized Health Sector MBA (HSM) that leads to internships and jobs in the Boston area and beyond. Twenty-eight percent of all of 2020 MBA grads landed jobs in the healthcare industry or related fields. BU's is one of a handful of MBA and dual-degree MBA programs accredited by the Commission on Accreditation of Healthcare Management Education (CAHME).View School Profile
Northeastern’s Boston location puts it right in the middle of a healthcare hub. To cater to demand in this field, the school offers an MBA concentration in Healthcare Management, which addresses specific topics in the American healthcare system and the strategic management of healthcare organizations, among other topics. A whopping 28 percent of Northeastern’s MBA class of 2019 landed jobs in healthcare and related organizations, such as Boston Children’s Hospital and CVS Health.View School Profile
Students who are interested in healthcare can pursue the school’s Medical Industry MBA specialization, which explores topics in healthcare law, the pharmaceutical industry, the medical device industry, and more. Recruiters generally include the Mayo Clinic, Medtronic, and GE Healthcare, among others. Up to 23 percent of the school’s recent MBA classes have gone into the healthcare sector.View School Profile
The percentage of IMD MBAs going into pharmaceuticals has reached double digits in recent years, with many alum going to work for Swiss pharma giants like Novartis and Roche. Although the school’s placement into this field fluctuates from year to year, upwards of fifteen percent of MBA class has landed jobs in this sector in recent years.View School Profile
Students interested in healthcare can pursue Olin’s “Business of Healthcare” concentration. Up to twenty percent of recent MBA grads have gone into the pharma/biotech/healthcare industries. Recent employers snapping up WUSTL’s MBAs have included CVS Health, Procter & Gamble, and the St. Louis City Health Department.View School Profile
The school reports that up to 17 percent of its recent MBA grads have gone into healthcare or pharma roles. Recruiters have included pharmaceutical companies like Johnson & Johnson and GlaxoSmithKline. The school also puts on a range of healthcare-themed executive education courses.View School Profile
Although CEIBS does not offer an MBA specialization in Healthcare, it does offer some relevant electives, including one called “Health Care: Economics and Industry.” Over 13 percent of the MBA class of 2020 went into the healthcare industry. The school hosts the CEIBS Healthcare Sector Research Centre, which produces research; and it runs a dual-degree MBA/MPH through a partnership with Johns Hopkins.View School Profile
Generally, around 15 to 20 percent of St. Gallen MBAs go into the healthcare and pharmaceutical industries after graduation. Novartis recruits heavily from the school. The school hosts a “Center for Healthcare,” which produces relevant research and puts on healthcare-related executive education programs.View School Profile
Music isn't Nashville's biggest industry; health care is. Vanderbilt offers a specialized Health Care MBA that leverages close ties to Vanderbilt's Medical Center and proximity to hundreds of local healthcare companies, including HCA. The school also offers various other management programs in healthcare, including a joint MD/MBA and the one-year Master of Management in Health Care. Sixteen percent of Owen’s MBA class of 2020 went into the healthcare sector.View School Profile
Related MBA News
Why Business Schools are Melding Medical and Management Science
Aug 21, 2019
More doctors and medical students pursuing MBAs, so as to complement their clinical training and broaden their career options in a fast-changing industry
Managing and Marketing the Future with an MBA
Oct 05, 2016
MBA programs in biotechnology are generating more and more interest, as those in the scientific fields want to build out their business skills
MBA Programs in Pharmaceuticals: Beyond the Lab
Aug 20, 2013
How MBA programs can help students tap into a wide range of roles in both big and small pharma firms
Prescription for Success? MBA Programs in Healthcare
Aug 10, 2009
For those looking to step in or advance in the booming healthcare industry, can an MBA help?