Best Jobs for MBA Grads in Health Care in 2025
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The healthcare sector comprises several significant industries that manufacture and provide medical and health-related products and services. These industries include patient care, pharmaceuticals, biotechnology, health insurance, and facilities. While the prime purpose of the sector is the prevention and treatment of diseases, disorders, and injuries, healthcare institutions are still, in essence, businesses. Thus, MBA jobs in healthcare are necessary to maintain and improve the quality of healthcare systems across the country.
In 2021, National Health Expenditure (NHE) in the United States (US) was $4.3 trillion, which is equivalent to $12,914 per person. It increased by 2.7% and accounted for 18.3% of the Gross Domestic Product (GDP) that year (Centers for Medicare and Medicaid Services, 2023). The significance of the sector to the national economy and health reinforces the key role of MBA jobs in healthcare. To help business professionals who seek careers in healthcare, our team at Research.com created a list of the most common healthcare occupations for MBA graduates, detailing their responsibilities, annual salaries, and employment outlook.
MBA Jobs in Healthcare Table of Contents
- Health Information Technologist and Medical Registrar
- Medical Records Specialist
- Medical Assistant
- Medical Transcriptionist
- Medical and Health Services Manager
- Chief of Hospital Staff
- Nursing Home Administrator
- Chief Medical Officer (CMO)
- Chief Executive Officer (CEO)
The Importance of MBA Jobs in Healthcare
Is it worth getting MBA? The delivery of quality patient care is dependent upon the efficiency of healthcare workers and facilities. The mammoth task of effectively leading healthcare organizations within the existing 407 US healthcare systems (American Hospital Association, 2023) requires management teams to have not only a competent clinical background but also substantial business credentials. This makes graduates of accredited MBA programs a great fit to lead administrative positions in healthcare. The following benefits of healthcare MBA jobs further demonstrate their merit and role in the success of the sector financially and, more importantly, in patient care and well-being.
- MBA graduates may be trained in advanced operations management. Many academic institutions offer concentrations and courses on operations management in their MBA degree programs. These courses teach professionals about data-driven decision-making, business process optimization, and cost-effective resource allocation, among other business areas. MBA graduates may also be knowledgeable of management software applications that help MBA jobs in healthcare streamline daily organizational operations. For instance, scheduling software applications enhance the workflows of many companies not only in healthcare but also in other sectors, such as manufacturing and service.
- MBA graduates may specialize in finance and investment. Financial knowledge and skills are undeniably crucial when running a business, which is why MBA students have the option to select finance and investment as their program concentrations. Students can take up the best one year mba programs to finish these courses quickly. MBA jobs in healthcare include responsibilities that require making informed financial decisions based on numerous significant factors that may even involve life-and-death situations. Questions that administrative teams encounter in this area may include “How many days can our facility’s available cash fund operations?"
- MBA graduates often have solid leadership experience. Degrees in business often entail leadership training or courses that provided them with real-world professional experience. As such, MBA graduates were taught how to develop positive relationships in a team, execute creative decisions, and work while being guided by leadership ethics. Thus, professionals with an MBA in healthcare jobs may be well-equipped to initiate key internal organizational changes and adapt to uncontrollable external forces in their line of work.
MBA Jobs in Healthcare
Whether you pursue your MBA right after college or after working entry-level MBA jobs in healthcare, the sector has rewarding career opportunities lined up for you—from junior-level positions to executive-level roles. The Research.com team compiled the following healthcare occupations for MBA graduates to help them explore the duties, income rates, and employment outlook that they entail.
Entry-level Jobs
1. Health Information Technologist and Medical Registrar
Two of the most in-demand entry-level MBA jobs in healthcare are those of health information technologists and medical registrars. They maintain, assess, and improve upon the database management systems implemented in their facilities. They also monitor patient health information to verify data accuracy, ensure data privacy and security, and produce actionable insights on patient outcomes.
In 2022, health information technologists and medical registrars earned a median annual wage of $58,250 [US Bureau of Labor Statistics (BLS), 2023]. Moreover, employment for these business administration healthcare jobs has been predicted to increase by 17% between 2021 and 2031 (US BLS, 2022), a growth rate that is much faster than other occupations in the US.
2. Medical Records Specialist
Medical records specialists organize and track patient health information based on diagnosis and medical procedures and services performed among other vital patient data. They also provide patients with the medical records that are required for insurance reimbursement. The job outlook for medical records specialists was projected to be at 7% between 2021 and 2031 (US BLS, 2022), and in 2022, they had a median annual wage of $47,180 (US BLS, 2023).
Business students interested in entering the healthcare industry may find the role of a medical records specialist as their answer. However, considering the responsibilities and the educational requirements of the job, business students may explore if positions are already available for MBA healthcare internships.
3. Medical Assistant
The duties of medical assistants have similarities with those of health information technologists, medical registrars, and medical records specialists—they all document patients’ health information. However, medical assistants may have more direct contact with patients and may support doctors during patient examinations. They are trained to perform basic procedures, such as measuring vital signs, extracting blood samples, and administering medications under the supervision of physicians.
In 2022, medical assistants earned a median annual wage of $38,270 (US BLS, 2023). Between 2021 and 2031, employment for the position has been expected to grow by 16%, with 123,000 openings each year (US BLS, 2022).
4. Medical Transcriptionist
Medical transcriptionists listen to and transcribe audio recordings of medical documents. They also ensure the accuracy of transcriptions by reviewing those they create and those produced by speech-recognition software. Medical transcriptionists forward their work to healthcare professionals for approval and store them in electronic health records (EHR) systems. In 2022, these professionals had a median annual wage of $34,730 (US BLS, 2023). Notably, employment for medical transcriptionists has been projected to decline by 7% between 2021 and 2031 (US BLS, 2022).
