An MSN MBA dual degree enables you to simultaneously study both business administration and nursing at the graduate level. This joint training is especially beneficial for applying business principles in a healthcare setting.
The healthcare field needs workers who are knowledgeable about medicine and can also make financial decisions and manage resources.
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This type of degree program is geared toward those wanting to pursue leadership positions in hospitals and other medical practices.
MSN MBA Dual Degree Programs
Dual degree programs allow you to earn two degrees at once. This works especially well if there is an overlap in required coursework for the two degrees, such as with MSN and MBA or even MSN and MPH dual degree programs.
Having both a Master of Science in Nursing and a Master of Business Administration can be useful if you want to work in management in a hospital or other healthcare setting. These positions often require extensive knowledge of both patient care and administrative practices.
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Having both degrees could also enable you to pursue business careers outside of nursing or nursing positions that do not involve administrative work. In general, having both degrees can qualify you for a wider variety of jobs.
What Is an MSN Degree?
A Master of Science in Nursing (MSN) is a graduate-level nursing degree for registered nurses who have already earned a Bachelor of Science in Nursing (BSN). For working nurses without a BSN, a number of universities offer accelerated RN to BSN online programs.
In an MSN program, you can continue to advance your nursing skills and expertise, often in a specialized area. You’ll often take advanced courses in subjects like anatomy and physiology, pathophysiology, and pharmacology.
Most MSN students already work as registered nurses and want to continue in this career path. An MSN can help you qualify for certification as an advanced practiced registered nurse (APRN). Common APRNs include nurse practitioners, nurse midwives, and nurse anesthetists.
What Is an MBA Degree?
A Master of Business Administration (MBA) is graduate degree that’s primarily aimed at professionals who work for corporations and other types of businesses.
MBA students study finance, economics, business law, management techniques, investing, and other subjects that can enable you to make strategic business plans and keep a business running efficiently and profitably.
Some MBA programs include healthcare administration in the curriculum. Some business administrators need to know about these things if their business provides health insurance for its employees. Knowledge of healthcare administration can of course be useful for nurses and other medical professionals as well.
Nursing and Business Administration Careers & Salaries
MSN/MBA dual degree holders are often qualified to work in healthcare, management, or business and financial occupations.
According to the Bureau of Labor Statistics, here are some positions that could benefit from a professional who holds a dual MBA MSN.
|Careers||Annual Median Salaries|
|Human Resources Managers||$121,220|
|Nurse Anesthetists, Nurse Midwives, and Nurse Practitioners||$117,670|
|Medical and Health Services Managers, Government||$116,380|
|Medical and Health Services Managers, Hospitals||$112,870|
|Medical and Health Services Managers, Outpatient Care Centers||$100,690|
|Administrative Services and Facilities Managers||$98,890|
|Medical and Health Services Managers, Offices of Physicians||$94,240|
|Medical and Health Services Managers, Nursing and Residential Care Facilities||$89,880|
In medical and health services management, you could apply both your nursing and business administration knowledge. Medical and health services managers are often employed by the government, by hospitals, or by outpatient care centers.
You could also pursue an advanced clinical nursing or leadership position or qualify for a corporate job in human resources, management, and similar roles.
Joint MSN/MBA Curriculum & Courses
Here are examples of courses that are often included in MSN-MBA programs:
- Managerial Economics: You’ll study how to apply abstract knowledge of economics to running a business in real life.
- Leadership in Nursing: You’ll study how to direct and coordinate the work of other nurses, and you’ll explore techniques for resolving conflicts and solving common problems in healthcare environments.
- Administrative Informatics: You’ll study how to use data to analyze and improve the performance of a hospital or other medical establishment.
- Advanced Nursing Roles: You’ll study specialized nursing roles, such as nurse anesthetist, nurse midwife, clinical nurse specialist, and nurse practitioner.
- Epidemiology and Health Promotion: You’ll study public health and how to educate your community about disease prevention.
- Business Communications: You’ll study spoken and written communication methods in professional and business settings.
- Financial Management: You’ll learn about the costs of running a business, hospital, or other organization, and you’ll learn how to plan a budget for your organization.
- Applying Principles of Advanced Practice Nursing: You’ll study the American Nurses Association’s professional and ethical guidelines for advanced practice registered nurses.
- Financial Accounting Principles and Analysis: You’ll learn how to properly track an organization’s finances for legal and tax reporting purposes.
- Strategic Human Resource Management: You’ll study how to plan human resource programs for businesses, such as recruiting and retaining employees, responding to employee complaints, and more.
Exact course titles and requirements will vary at different universities. Your curriculum can also be impacted by any specializations you choose to pursue.
How to Choose an Online MSN and MBA Dual Degree Program
Here are some factors you may want to consider when comparing MSN MBA dual degree programs online:
- Curriculum. Before choosing a program, you may want to look at the required coursework for several programs to determine which one best suits your career goals.
- Cost and financial aid. You may want to compare the tuition rates and available financial aid packages of various programs.
- Class sizes. You might prefer a program with a low student-to-teacher ratio so that you can get more individual attention from your instructors.
- Experiential opportunities. Online degree programs often feature on-campus intensives or have you complete a certain number of supervised clinical hours at a location in your hometown.
There are many MSN MBA programs available, so it can help to know which factors you value most as you explore your options.
Dual MSN MBA Programs Admissions Requirements
Here are some typical admissions requirements for applicants to dual MSN MBA programs:
- Bachelor of Science in Nursing
- Active and unencumbered RN licensure
- Minimum undergraduate GPA of 3.0
- Resume that lists work experience
Admissions requirements can vary widely at different universities. Some programs may also ask you to submit GRE or GMAT scores, but many schools are no longer requiring this. You can learn the specific admissions requirements for your prospective schools by visiting their websites or calling their admissions offices.
MSN MBA Online Programs Accreditation
Before enrolling in an MSN MBA online program, it’s beneficial to find out if your chosen school is regionally accredited. Regionally accredited combined masters degree programs online are regularly evaluated by outside agencies to ensure that they provide students with a quality education.
The Council for Higher Education Accreditation (CHEA) offers more information about regional accreditation and has a database of accredited schools. In addition to regional accreditation for the entire institution, you may want to check on the accreditation status of the university’s nursing and business schools.
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Nursing programs are often accredited by the Commission on Collegiate Nursing Education (CCNE). Meanwhile, business administration programs are often accredited by the Accreditation Council for Business Schools and Programs (ACBSP).
Nursing Licensure and Certifications
You may have more job opportunities available to you if you possess certifications beyond a registered nursing license.
Dual MSN and MBA programs can prepare you for a variety of certifications, depending on your interests and career goals. For instance, some graduates go on to become certified as a Nurse Executive (NE-BC) or a Nurse Executive, Advanced (NEA-BC). These are recognized by the American Nurse Credentialing Center (ANCC).
Regulations can vary, but earning certifications typically requires passing certification exams and fulfilling a certain amount of work hours and experience. Some certifications may also require the completion of additional coursework.
Some MBA MSN dual degree programs online also provide the education necessary to become an advanced practice registered nurse (APRN).
Financial Aid and Scholarships for MSN/MBA Programs
As a nursing and business administration student, you may be able to qualify for a variety of financial aid opportunities. Financial aid often comes in the forms of state and federal aid, employer programs, or scholarships.
Some scholarships are specifically for nursing students, awarded on the basis of past academic success. You may be considered for these automatically upon submitting your regular admissions application. These scholarships are usually for full-time students. Some MSN/MBA programs also have graduate assistantships available for students who are able to provide services like teaching or helping with research.
The first step to applying for federal financial aid is filling out the Free Application for Federal Student Aid (FAFSA).
Should I Get an MSN or MBA?
Here are some things to consider when deciding between a Master of Science in Nursing and a Master of Business Administration:
- MS in Nursing: An MSN is often intended for those who want to advance in clinical nursing practice or leadership.
- Master of Business Administration: An MBA is helpful for those who want to advance in their managerial and administrative skills. You could also focus on the nursing sector with an MBA in Nursing Administration and Leadership.
Either degree could help increase your job opportunities and earning potential. You could also decide to pursue both degrees together in a dual degree program. A joint MSN MBA could be especially beneficial if you want to qualify for management or leadership positions in a healthcare setting.
What Is an MSN MBA Dual Degree?
An MSN MBA dual degree is a joint degree program that allows you to study advanced knowledge in both nursing and business administration. When you complete a dual degree program, you earn two degrees at once.
Together, an MSN and MBA can help prepare you for the unique challenges of working in healthcare administration. You can learn to understand the economics of healthcare, legal regulations around healthcare in the United States, and how to manage the finances of a hospital or medical practice.
What Can I Do with an MSN MBA Degree?
An MSN MBA degree is especially helpful if you want to break into the field of medical and health services management. This type of position could give you the opportunity to care for patients indirectly in an administrative position.
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Some professionals who want to continue being directly involved in clinical work pursue nurse management positions, overseeing the work of other nurses. An MSN can also qualify RNs to pursue certification as an advanced practice registered nurse (APRN), such as a nurse practitioner.
How Long Does It Take to Get an MSN MBA Dual Degree Online?
As a dual degree, an MSN-MBA generally takes more time to complete than a standalone master’s degree. Times to completion can vary anywhere from 2 to 4 years of full-time study, depending on the program requirements.
If you opt to take classes part-time, it will often take you longer to finish. Dual degree programs usually require at least 60 credit hours of coursework, and some require as many as 80 credit hours or more. The length of your program can also be impacted by any degree specializations you choose.
Is a Dual MSN-MBA Worth It?
Yes, a dual MSN-MBA is worth it for many professionals. Employment of medical and health services managers is expected to grow by 32% over the next ten years, which is much faster than average (Bureau of Labor Statistics).
Meanwhile, APRNs—such as nurse anesthetists, nurse midwives, and nurse practitioners—are expected to see 45% job growth over the same time period (Bureau of Labor Statistics). Earning your MSN-MBA dual degree could prepare you to meet the growing need for healthcare workers. It could also open the door to career opportunities in business or management.
Universities Offering Dual MSN and MBA Degree Programs
Methodology: The following school list is in alphabetical order. To be included, a college or university must be regionally accredited and offer degree programs online or in a hybrid format.
California University of Pennsylvania offers an online dual degree program for those interested in receiving a Master of Science in Nursing and a Master of Business Administration. To graduate, students must complete 54 credit hours. Applicants must have a Bachelor of Science in Nursing with a GPA of 3.0 or higher.
The California University of Pennsylvania is accredited by the Middle States Commission on Higher Education.
Carlow University offers an online dual degree program for a Master of Science in Nursing and a Master of Business Administration. Students must complete 60 credit hours to graduate. Those interested in the program must have a Bachelor of Science in Nursing with a GPA of 3.0, submit a personal essay and 2 letters of recommendation, and complete an interview.
Carlow University is accredited by the Middle States Commission on Higher Education.
Grand Canyon University offers a Master of Business Administration and a Master of Science in Nursing dual degree program. All classes can be taken online and are 8 weeks long. To graduate, students must complete 74 credit hours. Those interested in the program must submit an online application along with official transcripts.
Grand Canyon University is accredited by the Higher Learning Commission.
John Hopkins University offers a dual degree program for those interested in both a Master of Science in Nursing and a Masters of Business Administration. The program can potentially be completed in five semesters. It requires the completion of 65 credits to graduate. Applicants must have a minimum GPA of 3.0, 2 years of professional experience, and 3 letters of recommendation.
Johns Hopkins University is accredited by the Middle States Commission on Higher Education.
Kent State University offers an online Master of Science in Nursing and Master of Business Administration dual degree program. To graduate, students must complete 56 credit hours. Applicants must submit GRE or GMAT test scores, official transcripts from all schools attended, an admissions essay, and proof of RN license.
Kent State University is accredited by the Higher Learning Commission.
Liberty University offers an online dual degree program for a Master of Science in Nursing and a Master of Business Administration. To graduate, students must complete 60 credit hours. All classes can be taken online and are 8 weeks long. Applicants must have a year of experience in nursing, an RN license, and official transcripts from any colleges attended.
Liberty University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Loyola University—New Orleans offers a Master of Science in Nursing and a Master of Business Administration. To graduate, students must complete 67 credit hours and 180 practicum hours. Those interested in the program must submit an online application along with official transcripts from all schools attended.
Loyola University New Orleans is accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Purdue University offers an online Master of Science in Nursing and Master of a Business Administration dual degree program. Classes for the MSN degree are 10 weeks long, and classes for the MBA are 6 weeks long. Students must complete 88 credit hours to graduate. Applicants must be registered nurses and have a Bachelor of Science in Nursing.
Purdue University is accredited by The Higher Learning Commission of the North Central Association of Colleges and Schools.
Texas Tech University offers an online dual degree program for those interested in both a Master of Science in Nursing and a Master of Business Administration. Students must complete 57 credit hours to graduate. Those interested in the program must first be accepted into the Master of Science in Nursing program before applying to the business program.
Texas Tech University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.
The University of Maryland offers a Master of Science in Nursing and a Master of Business Administration dual degree program. The program, which can potentially be completed in 2 years of full-time study, requires a minimum of 66 credit hours to graduate. Applicants must have a bachelor’s degree in nursing with a GPA of 3.0 or higher.
The University of Maryland is accredited by the Middle States Commission on Higher Education.
Getting Your MSN-MBA Dual Degree Online
An MSN MBA dual degree could equip you to help improve patient outcomes at the hospital or medical practice where you work.
Having both the MSN and MBA credentials can help you qualify for a wider variety of healthcare jobs, in both clinical care and management. There are many options for you to earn your dual degree, including programs in which you can complete all of your academic coursework in an online business degree program that couples with one in nursing.
You can start exploring accredited universities today to find the dual program that best aligns with your personal learning needs and your professional goals.