Nurses who have mastered bedside nursing and who strive to facilitate change from a higher leadership role would benefit from looking into earning a dual MSN/MBA degree. This degree demonstrates that the nurse has leadership as well as business skills. It prepares the nurse to assume roles in leadership, management, and at the executive level. The role of the MSN/MBA nurse is to utilize nursing leadership skills and principles of finance and economics to facilitate change within a healthcare organization and improve efficiency and patient care outcomes. Career options might include:

  • Chief Nursing Officer
  • Chief Executive Officer
  • Nursing Management

Which MSN/MBA Program is Right for Me?

So how do nurses choose the right program? There are many considerations that prospective students should look into based on their individual career goals and needs. Some of the frequently-researched considerations include the following:

  • Do MSN/MBA Programs Offer Campus or Online Options? MSN/MBA programs are offered in both online and in-person/campus format. Online learning is beneficial for working nurses as it provides flexibility as well as self-paced learning.
  • Is the MSN/MBA Program Accredited? Accreditation is critical when choosing an MSN/MBA program. Nursing programs in the United States must be accredited by either the Commission on Collegiate Nursing Education (CCNE) or the Accreditation Commission for Education in Nursing (ACEN). A school might be locally accredited, but national certification is usually required for licensure, and it ensures that the school has met educational standards based on the degree type.
  • MSN/MBA Program Course Topics- Students can expect to take courses in advanced-practice nursing and nursing leadership, as well as courses in the field of business. Business courses may include accounting, marketing, and finance.
  • Associated Tuition Costs- The cost to complete an MSN/MBA program greatly varies by state and by the school. Base tuition can cost several hundred dollars to around a thousand per credit hour. It's important to remember that the cost of books and supplies, as well as university fees, are added.

Online MSN/MBA Program Advantages

Flexible Schedule

Online nursing programs have many advantages. Many nurses, especially those pursuing advanced-level roles, must continue to work while attending school. As many nurses are aware, nurses often work around-the-clock, and on weekends and holidays. Therefore, the more flexible a program, the better. Online learning allows for nurses to complete coursework when they can. They can also arrange for mentorship or clinical hours to work with their current work schedule.

Nurses can also work at their own pace. Many programs allow for self-paced learning, but some schools place caps on the time frame in which the program must be completed. For example, a school may require all coursework to be completed within six years. Self-paced learning is beneficial for those who learn best by alternative methods (such as reading as opposed to listening to lectures).

Tuition and Costs

As stated earlier, tuition is variable depending on several factors. One factor is location. Tuition varies based on the state and even city in which it is located. Some states are more expensive than others.

Residency status is another factor that can affect tuition. Out-of-state residents may be required to pay higher tuition. Again, this depends on the school. However, some online programs charge a flat rate for programs regardless of residency status.

The good news is that most schools offer financial aid options as well as incentives when enrolling. Additionally, banks and other financial institutions offer tuition aid/loans, so students needing financial aid are encouraged to shop around for the best offers. Some employers offer nurses tuition reimbursement as well.

Accessibility and Convenience

Online programs are extremely convenient; nurses can study when and wherever they can. They can access learning content anywhere there is a computer and internet, and at any time. A night shift nurse may wish to study at three in the morning, while another nurse may need to cram on a Saturday after working full-time during the week.

Additionally, online programs are beneficial for those living in more remote or rural areas. Commuting long distances to campus, sometimes in terrible weather, finding parking, and racing to get to class on time is a thing of the past with online programs.

Fast Completion

Since online learning allows for self-paced study, nurses can get through the program faster. This helps get the nurse out into the workforce and into their new advanced-level role sooner. The program usually takes around three years to complete if attending full-time, four or five years if part-time. When possible, nurses can attend full time and finish in as early as two years when enrolled in an online program.

MSN/MBA Program Curriculum

The core concepts for dual MSN/MBA programs are standardized, although the learning format is different in online programs. Rather than in-person lectures, learning content can be in module formats online or broadcast at predetermined times (i.e., a distance lecture). Campus visitation requirements may vary between schools- sometimes programs are 100% online, some require "blocks" of time, for example, a few days in a row per semester. Students are encouraged to review campus visitation requirements before enrollment.

Online learners can also expect to find they have peer, faculty, and tech support when enrolled in online programs. Even though coursework can be completed in the privacy of one's home, the student is never alone.

Additionally, practicum hours may be required based on the specialty track and school. This requirement cannot be fulfilled online, but the faculty is available to provide supervision.

MSN/MBA Classes and Courses

MSN/MBA programs have core courses that nurses must start with before choosing a specialty track. Core courses may include:

  • Nursing theory for advanced-practice
  • Role development
  • Leadership in nursing
  • Advanced physiology
  • Advanced Pharmacology
  • Advanced physical assessment
  • Population health
  • Policy
  • Ethics
  • Project management
  • Financial accounting
  • Business analysis
  • Accounting

In addition to the didactic courses, dual MSN/MBA students must complete supervised clinical practicum hours. This requirement is designed to ensure the nurse applies what is learned in the healthcare setting. While required practicum hours may vary, around 500 hours may be needed to graduate.

MSN/MBA Specialty Tracks

Following the core courses of study, students may select available specialty tracks (depending on the school). Concentrations for MSN/MBA students may include:

  • Health Systems Management - focuses on proper management and business leadership to facilitate interdisciplinary collaboration and address strategic, ethical, and HR issues.
  • Healthcare Administration - focuses on policy, economics, and other administrative issues to optimize best healthcare practices.
  • Human Resources - focuses on personnel development, organizational behaviors, and promoting workplace satisfaction and performance.
  • Organizational Development - focuses on analyzing and predicting behaviors to enhance efficiency in medical environments.
  • Strategic Leadership - focuses on strategic planning, development, and growth of healthcare environments and organizations.

What Are the Tuition and Costs of an MSN/MBA Program?

The specific costs and tuition rates for a dual MBA/MSN degree are variable. Base tuition can range from the hundreds to the low thousands per credit hour. Students should be aware of the following costs associated with the program:

  • Base tuition
  • University fees
  • Supplies
  • Graduation fees
  • Residency fees
  • Room and board
  • Transportation
  • Parking

For online programs, some costs do not apply, such as parking and transportation fees. However, students may need to invest in equipment to be able to utilize online learning. An example would be a laptop or webcam.

What Are the Career Options for Nurses With an MSN/MBA Degree?

Nurses who hold an MSN/MBA degree can take on different roles, mainly in healthcare leadership and management as well as nursing administration. Examples include:

  • Chief Nurse Executive- A chief nurse executive is a high-level, senior management position. Responsibilities include supervising patient care throughout a healthcare facility, developing ways to improve efficiency, and creating workflows and policy to improve patient care outcomes.
  • Nurse Manager- A nurse manager is responsible for a specific department or departments within a healthcare facility. They work directly with staff and patients to ensure everything runs smoothly and efficiently in a specified work area. They supervise staff and implement established workflows.
  • Chief Executive Officer- A chief executive officer is similar to a nurse executive and with similar job responsibilities. The difference is in title only- a CEO of an organization may or may not be a nurse while a nurse executive is.
  • Director of Nursing Practice- A director of nursing is also a higher level management position. Nurse managers often report to directors. Nurse directors provide patient care oversight. Directors of nursing practice may also develop and implement evidence-based organizational policies and procedures.
  • Consulting- A nurse consultant or entrepreneur assists outside agencies, such as government entities and insurance companies. They can assist in:
    • Insurance claims
    • Healthcare reform
    • Legal issues, such as developing healthcare-related laws/regulations
    • Improving patient care and financial efficiency

Organizations and Helpful Resources

Other Nursing Degree Programs:

List of Dual MSN/MBA Programs

Dual MSN/MBA programs are available across the country. To find the options nearest to you, we've compiled a state-by-state list of schools that offer this growing pathway. You can be on your way to a high level nursing leadership career before you know it!

Select Your State:

Arizona

SchoolContact Information
Grand Canyon University
3300 West Camelback Road
Phoenix, AZ 85017
(855) 428-5673

Delaware

SchoolContact Information
Wilmington University
Dual MSN/MBA Programs
320 N. DuPont Hwy
New Castle, DE 19720
(877) 967-5464

Florida

SchoolContact Information
Barry University
Dual MSN/MBA Programs
11300 NE 2nd Avenue
Miami Shores, FL 33161
(305) 899-3535
Jacksonville University
Dual MSN/MBA Programs
2800 University Blvd North
Jacksonville, FL 32211
(904) 256-8000

Georgia

SchoolContact Information
Thomas University
Dual MSN/MBA Programs
1501 Millpond Road
Thomasville, GA 31792
(229) 226-1621

Illinois

SchoolContact Information
Benedictine University
5700 College Road
Lisle, IL 60532
(866) 295-3104
Lewis University
Dual MSN/MBA Programs
One University Parkway
Romeoville, IL 60446
(815) 838-0500
McKendree University
Dual MSN/MBA Programs
701 College Road
Lebanon, IL 62254
(800) 232-7228
Saint Xavier University
Dual MSN/MBA Programs
3700 W. 103rd Street
Chicago, IL 60655
(844) 468-6798

Indiana

SchoolContact Information
Indiana Wesleyan University
Dual MSN/MBA Programs
4201 S. Washington St.
Marion, IN 46953
(866) 468-6498

Kansas

SchoolContact Information
MidAmerica Nazarene University
Dual MSN/MBA Programs
2030 E. College Way
Olathe, KS 66062
(913) 782-3750

Maine

SchoolContact Information
Saint Joseph's College
Dual MSN/MBA Programs
278 Whites Bridge Road
Standish, ME 04084
(800) 752-4723

Maryland

SchoolContact Information
Johns Hopkins University
Dual MSN/MBA Programs
525 N. Wolfe Street
Baltimore, MD 21205
(410) 955-4766

Michigan

SchoolContact Information
Spring Arbor University
Dual MSN/MBA Programs
106 E. Main St.
Spring Arbor, MI 49283
(844) 657-2525

Mississippi

SchoolContact Information
William Carey University
Dual MSN/MBA Programs
710 William Carey Parkway
Hattiesburg, MS 39401
(601) 318-6147

New Hampshire

SchoolContact Information
Franklin Pierce University
Dual MSN/MBA Programs
670 North Commercial Street
Manchester, NH 03101
(603) 647-3500

New Jersey

SchoolContact Information
Seton Hall University
400 South Orange Ave
South Orange, NJ 07079
(973) 761-9000

North Dakota

SchoolContact Information
University of Mary
7500 University Drive
Bismarck, ND 58504
(701) 355-8030

Ohio

SchoolContact Information
Kent State University
Dual MSN/MBA Programs
1375 University Esplanade
Kent, OH 44242
(330) 672-7930
Xavier University
Dual MSN/MBA Programs
3800 Victory Parkway
Cincinnati, OH 45207
(151) 374-5300 x0

Pennsylvania

SchoolContact Information
California University of Pennsylvania
Dual MSN/MBA Programs
250 University Avenue
California, PA 15419
(724) 938-4000
Carlow University
Dual MSN/MBA Programs
3333 Fifth Avenue
Pittsburgh, PA 15213
(800) 333-2275
Robert Morris University
Dual MSN/MBA Programs
6001 University Blvd.
Moon Township, PA 15108
(800) 762-0097
University of Pennsylvania
Dual MSN/MBA Programs
418 Curie Boulevard
Philadelphia, PA 19104
(215) 898-8281

Texas

SchoolContact Information
Lamar University
Dual MSN/MBA Programs
4400 MLK Blvd.
Beaumont, TX 77710
(409) 880-8817
University of Texas at Tyler
Dual MSN/MBA Programs
3900 University Boulevard
Tyler, TX 75799
(903) 566-7128

Virginia

SchoolContact Information
Liberty University
Dual MSN/MBA Programs
1971 University Blvd
Lynchburg, VA 24515
(800) 424-9595

West Virginia

SchoolContact Information
West Virginia University
64 Medical Center Drive
Morgantown, WV 26506
(304) 293-6607

Are we missing your school's program or need to update information listed? Please contact us so we can make the necessary changes.