The health care sector is projected to experience robust growth in coming years. According to the U.S. Bureau of Labor Statistics, employment among health care occupations is expected to increase by 29 percent from 2010 to 2020, creating 3.5 million new jobs. That's more than twice the projected growth rate for all occupations. Although many of these career choices require some level of medical training, there are also occupations in the health industry that require other educational backgrounds. And as a result, graduates with a business degree can select from several health care career choices.
Medical and Health Services Managers
Medical and health services managers are also known as health care executives or health care administrators. They are typically employed by hospitals, nursing homes and physicians’ offices, in addition to outpatient care and home health care centers. These individuals need a degree in business or public administration, health administration or a related field. Business graduates can use their knowledge of accounting, budgeting and economics, as well as their organizational skills, to direct, plan and coordinate medical facilities and departments, while overseeing finances and using business analytics to ensure that the organization operates as efficiently as possible.
Human Resources Specialists
Human resources specialists might work in hospitals, physician and nurse placement agencies, and a variety of other health care-related organizations, where they help to recruit employees and handle payroll and administrative duties. HR specialists need a degree in human resources, business or a related field. Those with a business degree and background often have the detail-oriented and decision-making skills necessary to review a candidate’s application and evaluate her suitability for the job.
Social and Community Service Managers
Social and community service managers work in a variety of settings, including hospitals and health care clinics. Although some social and community service managers have a bachelor’s degree, many employers prefer graduates with a master’s degree in business administration, public health, social work or a related field. Social and community service managers may oversee programs affecting an entire community or a segment of the community such as children, veterans or the homeless. The leadership skills required for this position, as well as the ability to manage programs, employees and volunteers, make it a good choice for business graduates. Candidates with a business background, particularly in business analytics or accounting, are prepared to evaluate the impact and effectiveness of a given program as well as prepare and manage budgets.
Budget analysts might find work for public and private health care organizations, including hospitals, nursing homes and medical associations. Most employers require a bachelor’s degree in business, accounting, finance, statistics, or a related field. These individuals need strong analytical and numerical skills to prepare budget reports, monitor spending and help companies organize their finances. The statistics and accounting classes taken by business majors prove invaluable in this position. Also, business majors are well versed in business communication, which helps them explain their recommendations to executive officers, agency heads and other managers.