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. The degree prepares graduates for careers in the healthcare 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.
Graduates of Florida Tech’s MBA in healthcare management have competency in accounting, economics, finance, marketing, and organizational behavior, as well as expertise on the interrelatedness 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.
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 are challenged to solve complex problems spanning multiple business disciplines and tackle real-world issues on a global scale that will help them once they enter their healthcare career.
The Nathan M. Bisk College of Business values innovation, diversity, ethics, and leadership as the cornerstones of a 21st century business education. 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.
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 themselves, and are actively engaged in the community, serving as consultants and advisory board members. Florida Tech faculty members play a vital role in making our vision of—excellence in educating future entrepreneurial leaders—a reality for every student seeking an MBA in healthcare management.
The Center for Entrepreneurship and New Business Development pushes the boundaries of entrepreneurial 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, involving students in their personal research projects, and encouraging students to participate in an ethics and leadership conference.
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 healthcare community.
Hands-on experience plays a huge role in an MBA education at Florida Tech. Coursework involves researching solutions, solving complex problems, and applying critical thinking. Students benefit from Florida Tech’s proximity to a thriving healthcare community, including several hospitals, health centers, and institutes. Such 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.
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.
The Center for Entrepreneurship and New Business Development focuses on entrepreneurial education, innovation, and research in pursuit of new venture creation, sustainability, social value creation, and more. Assistantships and internships are another way healthcare management program students get involved in real-world business operations.
Students have access to the Student Business Incubator facilities,
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 LaunchPad approach to venture development and to showcase their innovative business ideas. The facilities include fully updated computer classrooms that support team projects in accounting, finance, marketing, and strategic management, among others, as well as SPSS statistical software for data analysis and marketing simulations. This program utilizes experience learned in research and internships to provide necessary resources and guidance that nurtures student business ideas into real business ventures.
Florida Tech is the perfect place for an MBA in Healthcare Management. The 130-acre campus is located on the Space Coast (so named because of the presence of NASA and the Kennedy Space Center on Cape Canaveral just north of us), minutes away from the Indian River Lagoon, the most diverse estuary in North America.
The area has the fifth largest high-tech workforce in the country, with more than 5,000 high-tech corporations and government and military organizations located nearby. This workforce also provides an abundance of internship and employment opportunities.
Florida Tech is just over the causeway from the Atlantic Ocean with its 72 miles of beautiful beaches, and a short trip to the Florida Keys or the Orlando theme parks. We also have a rich campus life that includes a wide range of intramural and collegiate sports, clubs and social activities.
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.
MBA students gain hands-on experience through coursework 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 at hospitals, health centers, and research institutes. Earning course credit, students use their knowledge and leadership skills in hands-on real-world experiences in the healthcare arena. Working alongside seasoned veterans in advanced management roles, students focus on executive decision-making and corporate leadership. Through healthcare management internships like the semester-long consulting engagement with a local business, students have an opportunity to conduct market research and analysis.
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 lectures, 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 a Florida Tech alumnus); and Debbie Harvey, COO of Ron John Surf Shops.
Florida Tech business administration students also 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.
Outside of research and internships, conferences and competitions for MBA students expand on classroom learning including:
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’s 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% 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 healthcare services managers who plan, direct, and coordinate medical health services is projected to grow 23% from 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.