Students who earn a Master of Business Administration (MBA) in Healthcare Management at Florida Tech equip themselves with the knowledge necessary for real-world business environments. An MBA in healthcare management prepares graduates for careers in the health care industry such as chief executive in a hospital, finance director in a senior services agency, or the chief marketing officer at a health insurance company. The healthcare management option is geared toward the medical aspects of information management, with courses such as Legal Aspects of Healthcare, Healthcare Planning and Healthcare Marketing.
The Nathan M. Bisk College of Business values innovation, diversity, ethics and leadership as the cornerstones of a 21st century business education. Florida Tech MBA in healthcare management graduates have competency in accounting, economics, finance, marketing and organizational behavior, as well as expertise on the inter-relatedness of business functions with executive decision-making and corporate leadership.
In addition to classroom learning, students have an opportunity to interact with business leaders and successful entrepreneurs through class lectures, mentoring and public talks, learning first-hand about the diversity of job opportunities and salary potential available with an MBA in healthcare management.
The value of an MBA at Florida Tech is the environment and culture students enjoy. Faculty, business leaders and experienced entrepreneurs strengthen students' entrepreneurial spirit and foster creativity, innovation, teamwork and leadership through community service and social corporate responsibility.
In addition, students working towards an MBA in Healthcare Management are challenged to solve complex problems spanning multiple business disciplines and tackle real-world issues on a global scale that will help them once in their healthcare career.
In addition to their doctoral degrees and extensive teaching experience, our faculty members' experience spans multiple industries and positions, including project management, consulting, engineering, investing and marketing. Many of the faculty have an entrepreneurial background and are actively engaged in the community, serving as consultants and advisory board members. Florida Tech faculty members play a vital role in the vision of "Excellence in Educating Future Entrepreneurial Leaders" for every student seeking an MBA in healthcare management.
The Center for Entrepreneurship and New Business Development pushes the boundaries of entre-preneurial education, innovation and research in pursuit of new venture creation, sustainability, social value creation and more. Professors utilize best practices from today's corporate healthcare environment, involve students in personal research projects and encourage students to participate in an ethics and leadership conference, further illustrating the value of an MBA in healthcare management degree at Florida Tech.
Hands-on experience plays a huge role in an MBA education at Florida Tech. Course work involves researching solutions, solving complex problems, and applying critical thinking in areas such as business proposals, marketing plans and financial reports. Students working towards an MBA in healthcare management benefit from Florida Tech's close proximity to a thriving health care community including several hospitals, health centers and institutes. These close medical center ties, combined with faculty expertise, enable students to work with seasoned healthcare management individuals to formulate strategic business proposals, marketing plans and financial reports.
Innovation, diversity, ethics and leadership – these IDEAL tenants are the driving force behind everything we do at Florida Tech in the healthcare management program. MBA students are often recognized on the national stage, winning prestigious awards for financial planning and integrated marketing campaigns. Students in the healthcare management program are leaders as well, on the forefront of health and human services, innovative technologies, and cutting-edge care in the growing healthcare industry.
Students earning an MBA in the healthcare management program find a learning culture that supports individual creativity, leadership and team building, while fostering ethical decision-making and diversity. The students at Florida Tech are a diverse mix of full-time workers in the local area to students from around the globe seeking to obtain higher-level management skills. Students who earn their MBA degree in the healthcare management program build the foundation necessary to become leaders in the health care community.
MBA program opportunities afforded to Florida Tech students also include:
Emphasis on Ethics and Leadership - The Nathan M. Bisk College of Business is dedicated to educating leaders to make thoughtful decisions, set high standards and promote corporate accountability. An annual ethics and leadership breakfast provides healthcare management program students with an opportunity to network with business leaders and consider practices from personal, professional and societal perspectives.
Entrepreneurship Center – The Center for Entrepreneurship and New Business Development is another way Florida Tech's MBA degree program prepares students for success in business, focusing on entrepreneurial education, innovation and research in pursuit of new venture creation, sustainability, social value creation and more. Healthcare management program students focus on strategic business proposals, marketing plans and financial reports created in partnership with local healthcare facilities.
Experiential Learning – Florida Tech believes students should learn outside the classroom as well through activities such as the Business Hackathon, Intercollegiate case competitions, exploration of new venture development, participation in corporate-sponsored and collegiate competitions and management consulting with local industry in the Student Business Incubator Practicum. Assistantships and internships are another way healthcare management program students get involved in real-world business operations.
Labs and Resources – Students have access to the Student Business Incubator facilities, fully updated computer classrooms that support team projects in accounting, finance, marketing, strategic management, among others, library resources as well as SPSS statistical software for data analysis and marketing simulations.
Completing a Major Field Practicum experience is one facet of the MBA program at Florida Tech. The Student Business Incubator -- a living, breathing center for new venture creation -- combines curriculum, facilities and expertise to fully immerse healthcare management program students in a semester long Lean Startup approach to venture development.
What better place to get an MBA in the healthcare management program than on Florida's Space Coast. Year-round warm weather, close proximity to beautiful Atlantic Ocean beaches, NASA Kennedy Space Center, the Indian River Lagoon, Port Canaveral, Sebastian Inlet and a wealth of entertainment in Orlando make Florida Tech the college of choice. The university offers a wealth of student organizations, intramural sports, a new football team, Greek life, a local chapter of Delta Mu Delta International Honor Society and a chapter of the honor society Phi Kappa Phi.
Master of Business Administration students gain hands-on experience through course work that involves researching solutions, solving complex problems and applying critical thinking in areas such as business proposals, marketing plans, and financial reports. But MBA students also learn about their chosen field through faculty-led research projects and healthcare management internships.
MBA students choosing the healthcare specialization experience valuable healthcare management internships at hospitals, health centers and research institutes. Earning course credit, students use their knowledge, critical thinking and leadership skills in hands-on real-world experiences in the healthcare arena, writing strategic business proposals, marketing plans and financial reports. Working alongside seasoned veterans in advanced management roles, students focus on executive decision-making and corporate leadership.
The healthcare management option is geared toward the medical aspects of information management. Through healthcare management internships like the semester-long consulting engagement with a local business, students have an opportunity to conduct market research and analysis.
Visiting Executive Program - Through the Visiting Executive Program, students expand on the experience of MBA and healthcare management internships, interacting with business leaders and successful entrepreneurs. Through class lecture, mentoring and public talks, students gain first-hand knowledge about being an effective leader. Florida Tech students have heard from speakers such as Dick Beeson, CEO of Colgate; Thomas Folliard, Jr., CEO of CarMax and Florida Tech alumnus; and Debbie Harvey, COO of Ron John Surf Shops.
Capstone Strategy Course - In addition to healthcare management internships, Florida Tech business administration students take part in a comprehensive capstone strategy course that requires industry and company research. Working with faculty mentors, students link academics and business practices in the workplace through presentations and publications.
Student Business Incubator - Students who showcase innovative business ideas may access the Student Business Incubator at the Nathan M. Bisk College of Business. This program utilizes experience learned in research and internships to provide necessary resources and guidance that nurtures student business ideas into real business ventures.
Outside of research and internships, conferences and competitions for MBA students is another way they expand on classroom learning including:
Clubs and organizations give students another outlet to enhance their graduate experience. Delta Mu Delta and Phi Kappa Phi are both national honor societies that seek to recognize academic excellence and forge connections between business students around the world. Other clubs include Florida International Talkers and Toastmaster's Club, Student Investment Club, The National Society of Leadership and Success and many other unique organizations.
By creating networking opportunities for MBA students, as well as healthcare management internships, these clubs and organizations give students opportunities to create life-long networks with like-minded individuals.
Students who graduate with a master's degree in business administration with a specialization in healthcare management from Florida Tech are likely to find careers in executive leadership roles in management, business, finance, economics or marketing. Armed with a foundation centered on innovation, diversity, ethics and leadership, graduates are prepared for executive-level decision-making and corporate leadership.
A career in healthcare management is most often found in healthcare facilities, including hospitals, nursing homes, group medical practices, residential care facilities or in related industries such as pharmaceutical companies or medical technology firms, for example.
The Occupational Outlook Handbook, published by the United States Department of Labor, Bureau of Labor Statistics (BLS), provides detailed information about hundreds of occupations, including, entry-level education, overall working environment and employment prospects.
According to the Bureau, employment in business administration is expected to grow about as fast as the average of other occupations in the marketplace. Employment of top executives is projected to grow 11 percent from 2012 to 2022, as more new organizations are being formed and expansion of existing companies demands more management and executive leadership.
Specific to a career in healthcare management, employment of medical and health care services managers who plan, direct and coordinate medical health services is projected to grow 23 percent rom 2012 – 2022 – much faster than the average for other occupations. As the large baby-boom population ages and people remain active, the healthcare industry as a whole will see an increase in the number of healthcare jobs. Managers will be needed to organize and manage medical services, information and staffs. Check the handbook about a career in healthcare management as well as similar career options.
An MBA graduate interested in a career in healthcare management has a wide range of opportunities available. Starting salaries for these different occupations vary by industry, company and location. Using entry-level salaries for these different career areas is a starting point for what you might expect as you grow in your career in healthcare management. Payscale.com is an online salary information company that helps people obtain accurate real-time information on job market compensation.
Top executives are among the highest paid workers in the United States, according to the Occupational Outlook Handbook, with median salaries at $168,140, but salaries vary widely depending on duties, experience and location. If you are interested in a career in healthcare management, an MBA degree can ensure you will be among those earning a top salary.