Best Online MSN/MBA Dual Degree Programs in 2023

by Imed Bouchrika, Phd
Chief Data Scientist & Head of Content

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In the ever-evolving landscape of higher education, the pursuit of advanced degrees has become increasingly popular as professionals seek to enhance their knowledge and skills across multiple disciplines. One of the programs that has gained considerable recognition is the online Master of Science in Nursing (MSN)/Master of Business Administration (MBA) dual degree program.

Online MSN MBA dual degree programs prepare future leaders in healthcare to be adept in the technological skills they will need in the field (Alanazi, 2022). At the same time, these online MBA programs provide a powerful platform for individuals aiming to excel in leadership positions within healthcare organizations.

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Our research team has meticulously analyzed numerous reputable institutions offering online MSN MBA dual degree programs to provide you with an in-depth guide on the best options available in 2023. Throughout this guide, we will explore the distinctive characteristics of each program, highlighting the specific courses offered, admission requirements, and the differences between online and traditional degrees.

Best Online MSN MBA Dual Degree Programs in Nursing Table of Contents

1. Can you get a degree completely online?
2. Will employers take my online degree seriously?
3. Are online degrees recognized all over the world?
4. Best Online MSN/MBA Dual Degree Programs in 2023
5. Online vs. Traditional MSN/MBA Dual Degree in Nursing
6. How much does an online MSN/MBA dual degree in nursing cost?
7. What are the requirements of an online MSN/MBA dual degree in nursing?
8. Courses to Expect in Online MSN/MBA Dual Degree in Nursing
9. Things to Look for in an Online MSN/MBA Dual Degree in Nursing

Can you get a degree completely online?

Over the years, advancements in technology and the growing demand for flexible learning options have led to the emergence of reputable institutions offering fully online degree programs, including nurse practitioner programs online accredited. These programs allow students to earn a degree without the need for physical attendance at a traditional brick-and-mortar campus. Online platforms allow students to access course materials, interact with professors and classmates, participate in discussions, submit assignments, and take exams—all in a virtual environment. There are even online radiology tech programs and online speech therapy programs, allowing students to pursue a variety of degrees based on their career goals. The main concern of students attempting an online degree is their readiness, as some research indicate a low adoption rate of 65.1% among healthcare professionals (Komuhangi et al., 2022).

Will employers take my online degree seriously?

As online education has become more prevalent and reputable institutions have embraced online learning, employers have become more accepting and appreciative of online degrees. Some of the key factors that influence how employers view online degrees include accreditation, the reputation of the institution, and the degree holder’s demonstration of the skills gained from the online degree. The National Center for Education Statistics (NCES) has recorded a consistent advantage gained by professionals with a bachelor’s degree as they are more likely to be employed. In 2022, 87% of 25-34-year-olds with a bachelor’s degree. For those within the same age group but without a college degree, only 73% were employed.

Are online degrees recognized all over the world?

Online degrees, such as the best online PTA programs, are becoming increasingly recognized and accepted worldwide. Albeit, the level of recognition can vary depending on the country and institution. Many reputable universities and colleges around the globe now offer online degree programs, which helps solidify the acceptance of online education. The World Economic Forum estimates that 1.1 billion jobs will be radically transformed by technology in the next decade (World Economic Forum, n.d.) due to this. Adopting distance learning for higher education can give candidates an edge by honing technical skills online, as well as improved accessibility to world-class education, regardless of location.

Best Online MSN/MBA Dual Degree Programs in 2023

At Research.com, we have analyzed the latest reliable public data to provide rankings for institutions providing top online MSN MBA dual degree programs in 2023. Our team of experts evaluated various metrics, including academic ratings, enrollment rate, affordability, online reliability, and other relevant factors, to create rankings.

1. Drexel Online

Drexel University offers an online dual MSN/MBA program designed for working nurses seeking a senior leadership position in the healthcare industry. This part-time program equips students with the skills necessary to tackle the challenges of a rapidly evolving healthcare environment. The curriculum focuses on problem-solving, decision-making, conflict resolution, legal and ethical issues, and operationalizing the mission and goals of healthcare organizations. The program is flexible and delivered online, allowing students to balance their professional and academic responsibilities.

With an emphasis on advanced nursing competencies, transformational leadership, and a strategic business perspective, students learn from experienced faculty in Drexel’s College of Nursing and Health Professions and LeBow College of Business. Practical experience is gained through practicums, internships, and residencies. To be eligible for the program, applicants must have a Bachelor of Science in Nursing from an accredited program, a minimum GPA of 3.0, and a valid RN license in the United States.

• Program Length: Four 10-week quarters
• Tracks/concentrations:
  • Issues in Contemporary Health Care
  • Quality and Safety in Health Care
  • Project Management
• Cost per credit: $1,069 per credit
• Required credits to graduate: 82 credits
• Accreditation: Commission on Collegiate Nursing Education (CCNE)

2. Purdue Global

The online MSN and MBA Dual Degree Option offered by Purdue Global provides students with a unique opportunity to combine advanced nursing skills with business expertise, opening doors to leadership roles in healthcare and other industries that require innovative business solutions. By taking both MSN and MBA courses simultaneously, students can earn both degrees in less time compared to pursuing each degree separately. With a total of 88 credits, students can complete the dual degree program, whereas earning the degrees individually would typically require 120 credits. The program offers the flexibility of online classes but requires an MSN clinical component to gain hands-on experience. Working registered nurses can fulfill this requirement at their current workplace, and Purdue Global assists students in finding local clinical experiences if needed.

• Program Length: Two and a half years
• Tracks/concentrations:
  • Personnel Management
  • Policy Development and Implementation
  • Epidemiology and Health Promotion
• Cost per credit: $420 (MSN) and $485 (MBA) per credit
• Required credits to graduate: 88 credits
• Accreditation: CCNE, Accreditation Council for Business Schools and Programs (ACBSP), and the Higher Learning Commission (HLC)

3. Grand Canyon University

Grand Canyon University’s dual MSN-MBA program combines courses in leadership, management, accounting, economics, operations management, and ethics in healthcare to provide students with a comprehensive understanding of both nursing and business. Students in this program will have the opportunity to examine healthcare policy from the perspective of skilled nurses while incorporating business theory. The program emphasizes the development of advocacy strategies to improve healthcare access and quality for diverse populations. Students will also complete evidence-based practice projects and participate in a practicum course, where they can apply their knowledge to real-world nursing leadership scenarios.

• Program Length: Eight weeks
• Tracks/concentrations:
  • Accounting Practices
  • Healthcare Financial Management
  • Performance Improvement in Healthcare
• Cost per credit: $640 per credit
• Required credits to graduate: 74 credits
• Accreditation: CCNE

4. Miami Online

Miami University’s MSN/MBA program combines nursing and business disciplines to provide students with a comprehensive skill set for leadership roles in healthcare. The program covers essential topics such as leadership, healthcare policy, economics, accounting, and operations management. Through experiential learning opportunities and networking with professionals from both fields, students gain practical experience, develop critical thinking skills, and build a strong professional network. The program offers flexible learning options and prepares graduates to excel in leadership positions, equipped with clinical expertise, business acumen, and leadership skills to make a positive impact in healthcare organizations.

• Program Length: Three years
• Tracks/concentrations:
  • Advanced Pathophysiology for the APN
  • Individual and Organizational Leadership
  • Advanced Health Assessment and Clinical Diagnostics
• Cost per credit: $795 (MSN), $995 (MBA) per credit hour
• Required credits to graduate: 36 credits
• Accreditation: CCNE

5. Liberty University

Liberty University offers a fully online MSN/MBA dual degree program designed for professionals seeking to apply executive business practices to the healthcare field. This program provides a comprehensive curriculum covering both nursing and business topics, including medical cost management, healthcare economics, regulations, and ethical considerations. Students learn how to effectively manage healthcare organizations, oversee operations and personnel, ensure quality, and maintain compliance with relevant laws. The program is tailored for individuals seeking a robust education in both nursing and business and can be completed entirely online, allowing for flexibility and convenience in coursework completion.

• Program Length: Two and a half years
• Tracks/concentrations:
  • Business Common Professional Components
  • Contemporary Issues in Human Resource Management
  • Financial and Resource Management for Nurse Leaders
• Cost per credit: $330 per credit
• Required credits to graduate: 60 credit hours
• Accreditation: CCNE and Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)

Online vs. Traditional MSN/MBA Dual Degree in Nursing

When deliberating over a DNP vs MSN or considering a dual degree in nursing, you may have the option to pursue it through either online or traditional (on-campus) programs. Both formats have their own advantages and considerations, so you need to weigh them based on your circumstances and preferences. Here are some factors to consider when comparing online and traditional MSN/MBA dual degree programs in nursing:

• Flexibility: Online programs typically offer greater flexibility in terms of scheduling and location. They allow you to complete coursework from anywhere with an internet connection, making it easier to balance your studies with personal and professional commitments. Traditional programs, on the other hand, require you to attend classes on campus at scheduled times, which may be more restrictive.
• Self-discipline and motivation: Online programs require a higher level of self-discipline and motivation as you’ll need to manage your own study schedule and stay on track with assignments. Traditional programs offer a more structured learning environment with regular in-person classes and face-to-face interactions with faculty and peers, which can help some students stay motivated.
• Networking opportunities: Traditional programs often provide more extensive networking opportunities due to in-person interactions with classmates, professors, and industry professionals. Building a strong network can be beneficial to future career prospects and professional growth. However, online programs also offer networking possibilities through virtual discussions, online forums, and social media groups, though they may not provide the same level of personal connection.
• Clinical experiences: Nursing education typically involves clinical experiences where students apply their knowledge and skills in real-world healthcare settings. Traditional programs often have established partnerships with local healthcare facilities, making it easier to secure clinical placements. On the other hand, online programs may require you to arrange your own clinical experiences, which can be more challenging but may also provide greater flexibility in selecting diverse practice settings.
• Cost and accessibility: Online programs can sometimes be more cost-effective, especially if you do not have to relocate or commute to a physical campus. Additionally, online programs can provide access to education for individuals who are unable to relocate or have other personal constraints. Traditional programs may involve additional expenses such as commuting, housing, and campus-based expenses.
• Program reputation and accreditation: When selecting a dual degree program, it is crucial to consider the reputation and accreditation of the institution offering the degree. Both online and traditional programs can be reputable and accredited, so it’s important to research and verify the credentials of the specific programs you are considering.

Is an online degree cheaper?

Online degrees can often be more cost-effective compared to traditional degrees due to factors such as reduced commuting and housing expenses. Additionally, some online programs may have lower tuition fees or offer financial incentives. However, it is important to research and compare the costs of specific programs as tuition fees can vary widely, and some online programs may have additional technology or distance learning fees.

Is an online degree as good as a regular degree?

The quality of an online degree can be comparable to that of a regular degree when obtained from an accredited and reputable institution. Online programs often follow the same curriculum and standards as their on-campus counterparts, with faculty members who are experts in their fields. According to NCES, 89% of undergraduate students in private for-profit institutions exclusively studied online in 2020. This indicates a rise in the number of graduates who have exclusively earned their degrees online (NCES, n.d.).

How much does an online MSN/MBA dual degree in nursing cost?

The cost of an online MSN/MBA dual degree in nursing can vary depending on several factors, including the institution offering the program, geographic location, program duration, and additional fees. In general, online programs can be more cost-effective compared to traditional programs due to factors such as reduced commuting and housing expenses. Online programs may also have lower tuition fees or offer financial incentives, though this can vary depending on the institution. Some studies suggest that online programs can be slightly less expensive, while others show minimal or no significant difference in tuition costs.

However, there are hidden or associated costs in online programs. These costs may include technology requirements such as a reliable computer, high-speed internet access, and software. Online programs may also have distance learning fees or virtual classroom fees to cover the cost of online platforms and support services. Moreover, online programs may require students to arrange their own clinical experiences, which could involve travel or other expenses. It is essential to factor in these potential additional costs when evaluating the overall affordability of an online MSN/MBA dual degree program in nursing.

Is an online nursing degree worth it?

Obtaining an online nursing degree can be a worthwhile choice for several reasons, such as aiming for a higher RN vs BSN salary. Another reason why an online nursing degree can be beneficial to a student is the flexibility offered by online programs allows individuals to pursue their nursing education while managing other commitments such as work or family responsibilities. This flexibility enables a better work-life balance. Furthermore, online nursing programs are often accredited and maintain high educational standards, ensuring quality education. Online degrees can also be more cost-effective as they eliminate expenses related to commuting and housing. The Education Data Initiative found that an online four-year degree is at least $36,595 cheaper than an in-person degree (Hanson, 2023).

What are the requirements of an online MSN/MBA dual degree in nursing?

The specific requirements for an online MSN/MBA dual degree in nursing can vary depending on the institution and program. Generally, applicants need to hold a bachelor’s degree in nursing from an accredited institution, possess a valid nursing license, and demonstrate a minimum GPA requirement. Other requirements may include letters of recommendation, a statement of purpose, a resume or CV, and potentially an interview.

Admission Requirements

• Bachelor’s Degree: Most programs require applicants to hold a bachelor’s degree in nursing from an accredited institution. This requirement remains consistent for both online and traditional programs.
• Nursing License: Typically, applicants need to possess a valid nursing license to practice as a registered nurse (RN) or equivalent in their respective jurisdiction. This requirement applies to both online and traditional programs.
• GPA Requirement: Many programs have a minimum GPA requirement for admission, such as a 3.0 or higher on a 4.0 scale. This criterion may apply to both online and traditional programs.
• Prerequisite Courses: Some online MSN/MBA dual degree programs may require specific prerequisite courses to be completed before admission. These courses could include topics like statistics, research methods, or healthcare ethics. It’s important to check if any additional prerequisites apply specifically to the online program.
• Work Experience: While work experience is often valuable in nursing programs, some online programs may have different expectations or requirements regarding prior professional experience compared to traditional programs. Be sure to review whether work experience is a specific requirement and how it is assessed in the online program. If work experience is required, it could help to obtain a medical office administrator certification.
• Letters of Recommendation: Online programs may request letters of recommendation from academic or professional references. These letters can provide insights into your abilities, character, and potential for success in the program.
• Statement of Purpose: Online programs may require a statement of purpose or personal statement outlining your career goals, reasons for pursuing the dual degree, and how the program aligns with your aspirations.

General Requirements

• Strong Communication: Effective communication skills, both written and verbal, are crucial in nursing. You should be able to communicate clearly and professionally with patients, colleagues, and other healthcare professionals.
• Critical Thinking: Nursing requires the ability to analyze complex situations, make sound decisions, and solve problems. Strong critical thinking skills allow you to assess patient needs, evaluate evidence-based practices, and develop appropriate nursing interventions.
• Time Management: Balancing the demands of an MSN/MBA dual degree program requires excellent time management skills. You should be able to prioritize tasks, meet deadlines, and effectively manage your study time while juggling other commitments.
• Adaptability and Flexibility: The healthcare industry is dynamic, and nurses need to adapt to changing circumstances. Having the ability to be flexible, embrace innovation, and adjust to new technologies or practices is essential.
• Leadership and Management Abilities: As an MSN/MBA graduate, you may be positioned for leadership roles in nursing and healthcare. Developing leadership and management skills can contribute to your success in these positions. Some of these skills include inspiring and motivating others, delegating tasks, and managing teams effectively, based on the latest leadership training statistics.
• Technological Proficiency: Online learning relies on technology, so being comfortable with using digital tools, online platforms, and software applications is important for success in an online MSN/MBA dual degree program.
• Emotional Intelligence and Empathy: Nursing involves caring for patients and their families during vulnerable times. Having emotional intelligence, empathy, and the ability to connect with others on an emotional level is crucial to providing compassionate care.

What are the Technological Requirements of Students for Online Learning?

For successful online learning, students need to meet certain technical requirements to ensure a smooth experience. Here are the key technological requirements students might need to prepare for:

• Computer or Laptop: Students typically need access to a reliable computer or laptop that meets the minimum system requirements specified by the online program. These include specifications such as processing power, memory (RAM), storage capacity, and operating system compatibility.
• Internet Connection: A stable and high-speed internet connection is essential for accessing online course materials, participating in virtual classes, and submitting assignments. Students should have access to a reliable internet service provider (ISP) to ensure uninterrupted connectivity.
• Web Browser: Students should use a compatible web browser, such as Google Chrome, Mozilla Firefox, or Microsoft Edge, to access the online learning platform and other web-based resources. As of 2023, over 65% of internet users use Chrome as their web browser (Statcounter Global Stats, n.d.).
• Software and Applications: Online programs may require students to use specific software or applications for coursework, such as productivity tools (e.g., Microsoft Office Suite, Google Workspace), collaboration tools (e.g., video conferencing platforms, project management software), or specialized nursing software. The program should provide information on the required software and any associated costs.
• Online Learning Platform: Online programs typically use a learning management system (LMS) as the primary platform for course delivery, accessing course materials, submitting assignments, and engaging in discussions. Students should become familiar with the specific LMS used by their program and understand its features and navigation.
• Communication Tools: Online learning often relies on various communication tools, such as email, discussion forums, video conferencing, or messaging platforms. Students should have the necessary skills and familiarity with these tools to actively participate in online discussions, collaborate with peers, and communicate with instructors.
• Technical Support: It is beneficial to have access to technical support resources provided by the online program or institution. This can include help desks, tutorials, or online forums where students can seek assistance with any technical issues they encounter during their studies.

Courses to Expect in Online MSN/MBA Dual Degree in Nursing

In an online MSN/MBA dual degree program in nursing, students can expect to encounter a combination of core nursing and business courses. According to Data USA, 3.8% of nursing graduates are employed in the business sector (Data USA, n.d.).

Pursuing an online MSN MBA dual degree can prepare nursing graduates for a broader employment landscape by expanding their skillset. While specific course titles and content can vary between programs, here are some common subjects that students may encounter in MSN MBA programs online:

• Healthcare Policy and Advocacy: This course explores the healthcare policy landscape and the role of nursing leaders in shaping healthcare policies. It covers topics such as healthcare regulations, ethical considerations, advocacy strategies, and the impact of policies on healthcare delivery.
• Nursing Leadership and Management: This course focuses on developing leadership and management skills specifically tailored to the nursing field. Students learn about effective leadership styles, decision-making processes, organizational behavior, financial management, and human resource management within healthcare settings.
• Healthcare Informatics: This course explores the use of technology and information systems in healthcare. It covers topics such as electronic health records (EHRs), data management, health information exchange, telehealth, and the ethical and legal considerations related to healthcare informatics.
• Strategic Management: This business-focused course introduces students to strategic planning and management principles. It covers topics such as organizational analysis, strategic decision-making, competitive advantage, strategic implementation, and performance evaluation within healthcare organizations.
• Healthcare Finance: This course provides an overview of financial management principles specific to the healthcare industry. Students learn about budgeting, cost analysis, reimbursement models, healthcare economics, and financial decision-making within healthcare organizations.
• Quality and Safety in Healthcare: This course focuses on patient safety, quality improvement, and risk management in healthcare. Students learn about evidence-based practice, quality measurement, process improvement methodologies, patient-centered care, and strategies for ensuring patient safety within healthcare settings.
• Advanced Nursing Practice: This course delves into advanced nursing practice concepts and skills. It covers topics such as advanced assessment, diagnostic reasoning, advanced therapeutic interventions, clinical decision-making, and ethical considerations in advanced nursing practice.

Things to Look for in an Online MSN MBA Dual Degree Programs in Nursing

When choosing among online MSN MBA dual degree programs in nursing, there are several factors that can greatly impact your learning experience and the overall value of the program. Here are some key considerations to keep in mind when searching for the best online MSN/MBA programs:

• Availability in one’s location: Check if your preferred MSN/MBA programs accommodate students from out of state or overseas. Some programs may have specific geographic restrictions due to licensing or clinical requirements.
• Accessibility: Ensure that necessary resources, such as textbooks, library materials, and software applications required for the coursework, will be accessible in your location. This is particularly important for students studying from outside the program’s physical campus. With 16.5% of faculty members struggling to make time to ensure their course’s accessibility to students, ensuring that your program prioritizes accessibility can help secure your success in completing the degree program (Guilbauld et al., 2021).
• Teaching methods: Determine if the program offers a purely online/hybrid format or if it requires synchronous or asynchronous participation. Understand the teaching methods employed and assess whether they align with your preferred learning style and availability.
• Reputation: Consider the school’s standing and reputation, as well as the credentials of faculty members and notable alumni. This information can indicate the program’s quality, networking opportunities, and potential for career advancement.
• Accreditation: Verify if a recognized accrediting body accredits the dual MSN MBA online programs you have shortlisted. Accreditation ensures that the program meets specific educational standards and can enhance the credibility and recognition of your degree.
• Hidden costs: Look for any additional costs beyond the e-tuition fees, such as technology fees, online course fees, or mandatory in-person components. Understanding these costs upfront will help you make an informed decision.
• Support services: Evaluate the availability of support services, such as technical support, academic advising, and career counseling in your MSN MBA online programs. Ensure that there is adequate support available to address any technical difficulties you may encounter during your studies.
• On-site requirement: Determine if the program requires any on-site components, such as attending classes, clinical rotations, or exams. This is particularly important for students who may have limitations or difficulties in traveling to a physical campus.
• Other considerations: Additional factors to consider include program length, flexibility in course scheduling, networking opportunities, and the overall fit of the program with your personal and professional goals.

Become a Leader in Healthcare with an MSN/MBA Dual Degree

Obtaining an MSN/MBA dual degree online can open doors to a wide range of career opportunities. Graduates can pursue leadership roles in healthcare organizations, consulting firms, pharmaceutical companies, or entrepreneurial ventures. The dual degree equips individuals with unique skill sets, combining advanced clinical expertise with business acumen, positioning them for roles that bridge the gap between healthcare and management. Remember to stay on top of the most effective ways to develop leadership skills to ensure that you hone your leadership style while excelling in your nursing duties.

References

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• Komuhangi, A., Mpirirwe, H., Robert, L., Githinji, F., & Nanyonga, R. C. (2022). Predictors for adoption of e-learning among health professional students during the COVID-19 lockdown in a private university in Uganda. BMC Medical Education, 22(1).https://doi.org/10.1186/s12909-022-03735-7
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