Campus: Minneapolis, Minnesota
Type: Private, Faith-Based
Base Program Cost: $63,720
Per Credit Hour: $1,180
Minimum Credit Hours: 54
GMAT Required: Yes
Minimum Time Commitment: 27 months
Online Concentrations: Health Care Management
On Campus Requirements: Yes. Two three-day sessions held every six months.
Started six years, the Health Care MBA is designed to bring health care professional from across all areas of the field – doctors, nurses, administrators, pharmaceutical representatives, occupational therapists – into the classroom to learn MBA skills.
Due to the unique schedules of the professional in the health care field, the St. Thomas’ program allows working professional not only to keep working, but hopes its students apply class work directly to their field.
The average student profile in the Health Care MBA program is 40 years old with 13 years of work experience, 20-40% are physicians, 10-25% are nurses, 20-40% work in for-profit healthcare.
The University of St. Thomas’ business school is accredited by the Association to Advance Collegiate Schools of Business (AACSB), a distinction given to only about 5% of the world’s business schools.
A business core curriculum is at the heart of the Health Care MBA. In addition to course work in traditional business areas like leadership, critical thinking and ethics, students explore lessons learned from outside the healthcare industry and how they apply, or could be tailored to, the health care sector. Class projects are directly related to the students’ current organizational objectives.
New cohorts begin each September and move through the 27-month program together as a group, taking two courses at a time. Each two-course block lasts approximately 10 weeks. Students complete four courses each semester.
On-campus sessions are held twice per semester at the beginning of each two-course block held at the school’s Minneapolis campus.
Online coursework occurs between on-campus sessions and includes lectures, assignments, exams and group work. Learning is asynchronous, meaning no set class times, so students take customize the program to their schedule.
During the second year of the program, students meet in Washington, D.C., for three days during their health care policy course, led by Former U.S. Senator Dave Durenberger. While there, students meet with lobbyists and policy makers for a more in-depth look at the complexities of the U.S. health care system.
The GMAT is waived based on the years and type of professional experience a candidate needs for admission into the Health Care program. Students applying to the program are expected to have at least five years of professional experience. Since the program’s success relies so heavily on the right student mix, the “soft” side of application process carries more weight. Admissions personnel place emphasis on two admissions essays and letters of recommendations.
Tuition and Financial Aid
Tuition for the entire program that begins in 2012 will total $63,720. There are a total of 54 credit hours (18 courses) required to complete the program. The Health Care MBA tuition for the cohort that begins in September 2012 equates to $1,180 per credit. The per-credit tuition rate is guaranteed to remain stable for the duration of your cohort’s program.
The only additional expense students incur is for air travel and hotel accommodations in conjunction with the Washington, D.C., health policy seminar during the second year of the program.
St. Thomas offers two additional grants especially for students in the Health Care MBA program. The Foley Nursing Scholarship was established to provide scholarship opportunities to new and continuing students in the Health Care UST MBA program who are registered nurses (R.N.) or certified occupational health nurses (C.O.H.N.). All nurses accepted into the program can apply for this scholarship, which is awarded on an annual basis.
The Fritz Wenzel Scholarship Fund was established to provide an annual award for one first-year and one second-year Health Care MBA student who exemplify long-time faculty member, Fritz Wenzel’s, commitment to excellence in health care leadership and who demonstrate financial need.
Students both in the on-site and online Health Care MBA program at St. Thomas receive iPads to help their studies.
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