Is a double MBA / MSN worth it?

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GRADUATE STUDIES | 4 MIN OF READING

Obtaining a dual MBA / MSN degree requires a certain commitment of time and energy. But the end result? You will have a platform from which you can change the status quo.

If, while juggling patients or filling out charts, chatting with your nursing colleagues, or attending a staff meeting, you’ve ever said to yourself, “There has to be a better way!” Of the multitudes of tasks nurses have on a daily basis, a dual degree program might be for you.

Registered nurses (RNs) who are looking for a career hub without completely leaving the healthcare field may want to consider returning to school for a dual masters degree. Why an MBA? you may be wondering. Well, the topics seem different, if not contradictory, but business and nursing are actually quite compatible.

For starters, dual degree MBA / MSN programs pave the way for RNs to advance in their careers, take on new challenges, make positive changes for patients, and earn higher salaries. Meanwhile, the depth and versatility you gain during your studies will provide you with the opportunity to lead, manage and grow all types of healthcare organizations.

In addition, dual degree MBA / MSN programs address programs that combine management skills and clinical work. This gives nurses the opportunity to strengthen their nursing practice with courses in economics, finance, marketing, management and operations.

What to expect from an MBA / MSN program

Broadly speaking, the subjects of a double degree program cover the theory and application of leadership, management, accounting, and business ethics in a healthcare environment.

As a result, Masters of Business Administration and Master of Science in Nursing graduates assume leadership roles such as nurse managers and administrators, health care and health information managers, directors of nursing and chief and senior nurses. They can become home health executives, directors of disease management, case managers or directors of surgical services.

In addition to career flexibility, you will have the choice of a range of environments in which to spend your days, including:

  • Hospitals
  • Local, state or federal health services
  • Groups of doctors
  • Community health centers and non-profit organizations
  • Insurance companies
  • HMO
  • Home care
  • Design offices

Good experience in a large field

Nurses who pursue a dual degree have the advantage of real-world experience in hands-on healthcare. As such, they can give legitimate meaning to the policies and procedures that shape the health system. A key benefit nurses bring to the management culture is that they know that the patient should always come first.

With a dual MBA / MSN degree, you’ll have more to say to guide decisions, dictate policies, and advocate for patients and nurses on the front lines. Although it seems like a lot of responsibility, you will be able to handle it. That’s because your education will help you understand the financial, executive, and organizational demands of the industry, inside and out.

But there’s an even greater incentive to get a higher education: Healthcare jobs of all kinds are in high demand right now.

Indeed, growth is projected at 19% by 2024, according to the United States Bureau of Labor Statistics, with the field creating more jobs than any other occupation. Nurses with advanced degrees earn, on average, six-figure salaries. In addition, the salaries of head nurses can sometimes easily exceed $ 250,000.

As you can see, a double degree not only increases your chances of finding a job, but also of finding the right job for you. Nurses with graduate degrees are in high demand for their expertise, decision-making skills, and resourcefulness. The trick is to find the right MBA dual degree option for you.

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