Online MHA Programs Ranked by Affordability (2023-2024)

feature-img

Student loan debt is reaching epic proportions. In fact, media organizations like CBS and Forbes are calling it a debt crisis. About 92 percent of all student debt is from federal student loans, totaling more than $1.75 trillion in the United States (Forbes Jul 2023). Yet to advance their careers and increase income, professionals are called upon to have advanced degrees in their field. This creates a need for more affordable master’s degrees.

In addition, professionals will want to seek out degrees where growth opportunities exist, the job market is expanding, and salaries are attractive. Enter online MHA programs. According to the Bureau of Labor and Statistics (BLS 2023) data, medical and health services managers earn a median annual salary of $104,830 per year ($50.40 per hour). Media annual wages were highest in hospitals ($125,280), government industries ($119,100), and outpatient care centers ($101,890), with physicians’ offices, and nursing and residential care facilities falling below $100,000.

 
Jobs in the market for medical and health managers are exploding, and are expected to increase 28 percent nationally between 2022 and 2032, with the addition of 144,700 jobs (BLS 2023). Healthcare administrators typically have at least a bachelor’s degree, but master’s degrees are becoming increasingly common for these positions. As such, in this article, we cover online MHA programs ranked by affordability from 2023 to 2024.

These rankings are based on tuition data MHAOnline.com collected in mid-2023 from over 300 online MHA programs and closely related graduate degrees. Tuition information is as current as possible, taken from the 2022-2023 or 2023-2024 school years as published by each school.

Sara Navratil
Sara Navratil
Writer

Sara Navratil is a freelance writer and a Certified Canfield Success Principles Trainer. She's the owner of Sara Liza Life, a company dedicated to helping people rewrite their lives. She enjoys researching and writing about healthcare-related topics, including information on online MHA programs. When not working she likes to read, bake, and spend time with her family.

Related Posts

  • 16 January 2024

    What’s an MHA Case Competition? Tips & Strategies

    Case competitions deliver outstanding opportunities for healthcare administration students to showcase their skills and knowledge—so much so that students might feel surprised when they first learn about all the value these events offer.

  • 22 April 2024

    A Day in the Life of a Hospital Administrator

    The day-to-day life of a hospital administrator varies according to the specific environment in which one works. The administrator of a small rural hospital will have a considerably different experience than one who works for a large network.

  • 16 April 2024

    Palomar Health’s Financial Crisis: Is Private Management the Answer?

    Most MHA and healthcare MBA students who interview for internships and jobs with county medical centers and other state and local hospitals expect that they would work for such institutions as public employees following an offer. But if such facilities follow the controversial lead of California’s largest public healthcare district, public/private distinctions like those might soon become a lot more complicated.

  • 22 March 2024

    U.S. Healthcare Spending by Sector: What to Know

    In the first article of this series, we looked at how the U.S. healthcare sector is measured, including the entities responsible and their methodology. This piece details each activity that comprises the enormous U.S. healthcare sector. We can group these into two major categories: healthcare services and goods, and public and private spending for healthcare and related initiatives. These categories can have their size measurably impacted by three powerful forces: population growth, healthcare inflation, and technological advances.

  • 18 March 2024

    A Day in the Life of a Hospital CEO – An Interview with Dr. David Pate

    Being the chief executive officer of a hospital means being part business leader and part politician, requiring a blend of diplomacy, advocacy, business management, and financial sense. And the stakes of this role aren’t just profit and loss, but life and death.