Are you a nurse looking to take your career to the next level? A dual MSN MBA degree could be just what you need. With this advanced education, nurses can gain specialized skills and knowledge that will help them become more competitive in their field. This article explores the benefits of an MSN MBA dual degree for nurses and how it can help open up new opportunities within healthcare organizations.
The demand for highly trained professionals is constantly growing as healthcare systems are becoming increasingly complex. An MSN MBA dual degree gives nurses the unique opportunity to have both clinical expertise and business acumen, which allows them to better understand the needs of their patient population while also effectively managing resources. The combination of these two skill sets creates well-rounded healthcare leaders who can transition easily between roles and departments.
By exploring all aspects of healthcare management, from financial planning to legal regulations, nurses with an MSN/MBA dual degree are not only able to provide top-quality care but also support their organization’s bottom line by developing strategic plans that optimize efficiency and productivity. Through this comprehensive training program, they become valuable assets in any hospital or clinic setting. So if you’re ready to take on a leadership role in healthcare, then read on – we’ll discuss why an MSN/MBA dual degree is right for you!
Overview Of MSN MBA Dual Degree Program
The journey of obtaining a master’s degree in nursing and an MBA can be compared to climbing a mountain. It is challenging, but the view from the top is worth it. The MSN MBA dual degree program offers nurses the opportunity to gain specialized knowledge about healthcare administration and business management by combining two degrees together. This online program is designed for registered nurses who wish to become competent chief nursing officers or other administrative positions within their profession.
Students enrolled in this dual degree program will have access to courses such as financial planning, accounting, policy development, strategy implementation, budgeting, and resource allocation that are specific to both disciplines. Credit hours vary depending on each university’s requirements; however, most universities require between 50-60 credit hours for the completion of these dual degrees.
The MSN MBA dual degree program prepares individuals with stronger leadership skills necessary for success in today’s highly competitive healthcare environment. With updated knowledge and professional certifications achieved through this program, graduates benefit from having greater career opportunities available at hand. Transitioning into the next section discussing the advantages of completing an MSN MBA dual degree program and further emphasizes its potential benefits for students wanting to excel professionally in the field of nursing.
Advantages Of Completing An MSN MBA Dual Degree Program
Completing an MSN MBA dual degree program offers numerous advantages to nurses looking to pursue a career in healthcare management. These programs combine the knowledge and expertise of both the nursing field with the business skills needed for leadership roles in the healthcare field. By combining these two graduate degrees, nurses are able to gain a competitive edge over those who only possess one or neither degree.
The main advantage of completing this type of program is that it allows students to reduce the credit hours required for graduation. Instead of earning two separate master’s degrees totaling 126 credits which can take up to four years depending on class availability, they can complete both degrees in as few as three years by taking courses concurrently. In addition, many universities offer accelerated formats so individuals may be able to finish even sooner.
With this unique combination of clinical experience and business acumen, graduates become highly sought-after candidates when applying for advanced management positions within healthcare organizations. Furthermore, employers may also recognize dual-degree holders as more well-rounded professionals due to their comprehensive education – offering them greater opportunities than those with just one degree alone. The end result is that nurses who have earned an MSN MBA dual degree will find themselves better prepared for higher-level jobs within the healthcare industry – giving them access to more lucrative salaries and benefits packages than ever before.
Requirements And Prerequisites For Admission
The MSN MBA dual degree for nurses is a dream come true! For those looking to advance their career in the healthcare field, this program provides an incredible opportunity. To take advantage of all that it has to offer, there are certain requirements and prerequisites necessary for admission into the nursing program.
Firstly, prospective students must have achieved a bachelor’s degree in nursing or a related field from an accredited college or university prior to enrollment. In addition, they must possess current licensure as a Registered Nurse (RN) in order to be admitted into the program. Furthermore, applicants should also demonstrate successful completion of any prerequisite courses required by the business administration school, such as accounting or economics classes at the undergraduate level.
Finally, many schools require that applicants have experience working within a healthcare facility prior to admission. This requirement serves as verification that individuals have developed strong communication skills and knowledge of medical terminology needed to succeed in a clinical setting while completing coursework towards their dual degree in nursing and business administration.
With these qualifications met, potential students can confidently apply for acceptance into one of these lucrative programs knowing they are prepared with all the necessary steps taken before beginning on their journey toward success!
Financial Aid Options For MSN MBA Dual Degree Programs
For nurses looking to pursue an MSN MBA dual degree, there are many financial aid options available. From scholarships and grants to student loans, nurses have the opportunity to make their dream of earning a business degree come true without breaking the bank.
- Scholarships: Most universities offering a dual program provide scholarship opportunities for students who qualify. These awards range from merit-based or need-based scholarships to those specifically geared toward aspiring nurse executives.
- Grants & Financial Aid Services: Many organizations offer grants and other forms of financial assistance for nurses interested in pursuing a master of business administration (MBA) degree while working as a nurse executive. Additionally, certain schools may also provide additional services such as loan forgiveness programs or tuition reimbursement plans that can help defray some costs associated with obtaining a business degree.
- Student Loans: Federal and private lenders both offer student loans that can be used to cover the cost of tuition, fees, books, supplies, and living expenses associated with attending school full-time or part-time. It is important for prospective students to research all potential sources of funding before committing to any particular program so they can maximize their return on investment in terms of debt repayment after graduation.
With these financial aid options available, nurses no longer have to worry about sacrificing their current career trajectory when considering enrolling in an MSN MBA dual degree program. In order to get started, researching online learning format and requirements for the desired program is key to making sure it fits within one’s lifestyle needs.
Online Learning Format And Requirements For Msn Mba Dual Degree Programs
An MSN MBA Dual Degree offers an unprecedented opportunity for nurses to strengthen their knowledge and skills in healthcare administration, executive leadership roles, and clinical practicum hours. Astonishingly, with the advent of online learning formats, this dual degree can now be completed from anywhere around the world! While obtaining an MSN MBA Dual Degree comes with its own set of requirements such as credit card payments for tuition fees and other forms of financial aid options discussed in the previous section, it is also essential to understand what courses are included in this dual degree program.
The distinctive blend of business and nursing classes that make up the MSN MBA curriculum provides students with specialized knowledge in various aspects of both fields. Business-related topics include finance, accounting, economics, marketing management, and project management; while healthcare-related courses emphasize health policy analysis, legal issues surrounding healthcare delivery systems, informatics & technology applications as well as patient safety & quality care initiatives. Additionally, nurse managers benefit greatly by acquiring expertise regarding budgeting methods & principles along with human resource development strategies which are necessary for success within any organization.
Simultaneously enrolling in two rigorous programs entails balancing priorities between coursework demands alongside professional responsibilities so time management is key during this process. To ensure excellence throughout each semester or quarter depending on your chosen institution’s timeline format is achieved without compromising one’s physical or mental well-being – self-care routines must be implemented too! With dedication combined with sufficient planning ahead, you will surely gain invaluable experience working towards attaining an MSN MBA Dual Degree!
What Courses Are Included In An MSN MBA Dual Degree Program?
An MSN MBA dual degree program is designed to help nurses gain a comprehensive understanding of both nursing and business principles. The courses included in this type of degree program are wide-ranging, covering topics such as: * Healthcare Management * Business Ethics * Financial Accounting * Health Information Systems * Organizational Leadership * Strategic Planning * Human Resources Development These courses offer nurses an opportunity to develop the skills they need to become successful healthcare executives or administrators. In addition, these programs also provide nurses with valuable insights into how the healthcare system works so they can better understand their role within it. With this knowledge, nurses will be better equipped to handle challenges that arise in their day-to-day duties.
In addition to these core course offerings, many MSN MBA dual degree programs include elective classes which allow students to focus on specific areas of interest within the field. These may include courses related to health policy, public health management, medical informatics, and more. Students enrolled in these types of programs typically have access to internships or other experiential learning opportunities where they can apply what they’ve learned from their courses directly in real-world settings. This combination of theoretical and practical experience prepares graduates for success in whatever career path they choose after graduation.
By combining traditional nursing concepts with those used in business management, an MSN MBA dual degree provides nurses with an impressive set of skills that few other healthcare professionals possess. They will have a greater capacity for leadership positions while gaining insight into how best to manage complex organizational systems—allowing them to make meaningful contributions both inside and outside of the hospital setting.
Concentrations Available In An MSN MBA Dual Degree Program
Concentrations in an MSN MBA dual degree program provide the opportunity for nurses to develop and hone their nursing administration, business, and management skills. For those who wish to pursue executive-level roles within healthcare systems, a range of concentrations are available at most top-tier business schools. These include fundamental business management principles such as financial accounting, economics, and marketing techniques – as well as specializations including health services policy, legal issues in the healthcare industry, organizational behavior, and leadership theory.
Additionally, students can gain insights into strategic planning, decision-making processes, and operations management in order to equip them with the tools needed to effectively lead teams. Aspiring leaders will be able to learn how to apply executive business practices while gaining knowledge of healthcare finance models that could prove invaluable when managing budgets or leading organizations.
MSN MBA dual degree programs also offer courses on information technology which can help nurses stay abreast of current developments in the field. With these advanced qualifications under their belt, graduates can become highly sought-after professionals capable of steering diverse projects from conception through completion. By augmenting their clinical experience with up-to-date managerial concepts, they’ll have the confidence required to make informed decisions even in complex settings.
The wealth of knowledge provided by this type of program is hard to ignore; it provides nurses with all the necessary skills needed for success in today’s competitive job market. This makes enrolling in an MSN MBA dual degree program an appealing proposition for anyone looking to take their career prospects one step further.
Clinical Experience Requirements For An MSN MBA Dual Degree Program
To earn an MSN MBA dual degree, nurses must have a strong academic background in both clinical and business areas. This includes meeting the clinical experience requirements of the program.
- Nurses must complete at least 500 practicum hours as advanced practice registered nurses (APRN). These hours are typically completed under supervision by a qualified clinician and provide direct patient care to hone one’s clinical skills.
- The curriculum also requires courses in business microeconomics, such as finance, accounting, and marketing. Students may be required to take additional graduate-level business courses depending on their prior experiences with these topics.
- Additionally, students will participate in activities that apply their knowledge from the classroom to real-world situations through internships or other experiential learning opportunities.
These experiences give students valuable insight into how healthcare organizations operate from both sides—the medical side and the administrative side—and gives them the tools they need to succeed in today’s rapidly changing healthcare environment. Transitioning into the next section about accreditation considerations for an MSN MBA dual degree program allows readers to understand which programs offer quality education when considering earning this type of degree.
Accreditation Considerations For An MSN MBA Dual Degree Program
The theory that nurses who pursue an MSN MBA dual degree have the potential to effectively manage business issues and ascend to executive-level leadership positions is certainly true. The opportunity for experienced nurses to expand their knowledge base, enhance problem-solving capabilities, and become qualified for nursing leadership roles can be extremely appealing. Furthermore, with the prevalence of online education resources available, it has never been easier or more convenient for registered nurses to explore a dual degree program.
When considering accreditation standards for an MSN MBA dual degree program, there are several important factors to take into account. First and foremost, prospective students should make sure that both programs offered by the university are accredited by a nationally recognized organization such as the Accrediting Commission for Education in Nursing (ACEN) or the Association of Advance Collegiate Schools of Business (AACSB). Additionally, any specialized courses taken outside of either program must also meet these same criteria if they are going to count toward graduation requirements. Finally, all universities offering this type of program should provide information regarding faculty credentials and student outcomes so that prospective students can evaluate which school best meets their educational goals.
With careful research and consideration of accreditation standards, practicing nurses can confidently embark on an MSN MBA dual degree journey geared toward enhancing their skillset and increasing their chances of obtaining a desirable nursing leadership role.
Program Length Of An MSN MBA Dual Degree Program
Nurses who are looking to advance their careers can benefit greatly from an MSN MBA dual degree program. This type of program offers a unique combination of nursing administration, business expertise, and online education that is not found in other graduate programs. The length of the program varies depending on whether it’s offered part-time or full-time but typically takes two years to complete.
The main components of this kind of program include Masters of Science (MS) courses like human resource management, health care finance, and statistical analysis; as well as MBA courses such as operations research and executive leadership. These classes are taught by experienced academic faculty with extensive knowledge about healthcare systems and organizations.
In addition to these core components, students enrolled in an MSN MBA dual degree program also have access to elective courses related to their area of interest. This could be anything from marketing strategies for healthcare professionals to project management principles that apply specifically to nurses. With so many options available, students can tailor the curriculum according to their professional goals—gaining valuable skills needed for positions like nurse administrator or executive officer upon graduation.
At the end of the coursework portion, most students must complete a capstone project before they receive their diploma. This usually entails working closely with faculty members on a real-world problem within their field while applying what they’ve learned throughout the duration of the program. After successful completion of all requirements, graduates will be fully prepared for success in leading roles within medical institutions or businesses related to healthcare services.
School Graduation Rates For An MSN MBA Dual Degree Program
Nurses who are considering pursuing an MSN MBA dual degree can rest assured that they’re making a wise decision. Graduating from such a program will open up many doors and provide them with the best of both worlds—the knowledge and skills to excel in their current career while also expanding their horizons into business-related fields. To find out if this is the right path for you, it’s important to consider what type of graduation rates schools offering these types of programs boast.
Purdue University offers one of the most popular MSN MBA Dual Degree Programs available today, with information sessions held throughout the year discussing its benefits and offerings. The university boasts a widely successful graduate program, with students often completing it within four years or less. Of those enrolled, 95% have graduated from Purdue Global’s MSN MBD programs since 2017. This high rate indicates not only great success for graduates but also that Purdue University takes pride in providing quality education and support services to help every student reach their goals.
The numbers speak loudly for themselves: graduating from an MSN MBA Dual Degree Program opens up numerous possibilities for professional growth without putting too much strain on time management or resources. With courses designed around each individual student’s needs and interests, nurses can be sure they will receive optimal education geared toward achieving maximum success in their chosen field after completion of the program. Knowing this data puts prospective students at ease as they decide whether or not to pursue such a degree, knowing that there is potential for great reward when taking advantage of this unique opportunity!
Careers Available To Nurses With An MSN MBA Dual Degree
Nurses with an MSN MBA dual degree are equipped to pursue a variety of career paths in the healthcare industry. In nursing administration, graduates can use their advanced knowledge and experience to lead healthcare organizations or manage health systems. Evidence-based practice is another area where nurses with this dual degree excel; they have the skills to design, implement, and evaluate evidence-based strategies that support patient safety and improve overall outcomes. The American Association of Colleges of Nursing (AACN) recognizes these specialties as Centers of Excellence in Nursing Education.
In addition to administrative roles, MSN MBA dual degree holders also make excellent educators. They possess the necessary clinical acumen to teach in academia while having the business savvy needed to develop cutting-edge curricula for today’s ever-changing environment. Moreover, with their strong financial background, they can advise students on budgeting and other economic challenges associated with studying in a university setting.
The opportunities don’t end there: Nurses who take advantage of an MSN MBA dual degree program open themselves up to diverse job options such as hospital CEO, chief information officer, director of operations, case manager supervisor—the list goes on. With their valuable combination of technical expertise and business acumen, these professionals can effectively drive innovation within any health organization and ensure its long-term success. Achieving this type of education provides them with a wealth of possibilities for launching successful careers in today’s competitive landscape.
From leadership positions in acute care facilities to strategic consulting engagements across multiple industries, those holding an MSN MBA dual degree are poised to succeed wherever their ambitions may take them.
Featured Online Programs Offering An MSN MBA Dual Degree Option
For nurses looking to combine their nursing and business backgrounds, an MSN MBA dual degree is a great option. With the help of online programs, nurses can now explore this exciting opportunity from the comfort of their own homes or office.
Johns Hopkins University offers an Online Post-Graduate APRN Certificate Program for those interested in pursuing both degrees at once. This program combines nursing administration with advanced business solutions, allowing students to gain valuable knowledge in both areas while earning two separate degrees concurrently. In addition, Johns Hopkins also provides mentorship opportunities through their faculty and alumni networks that give students access to additional resources for career advancement and success.
Liberty University’s MSN/MBA Dual Degree Accelerated Program allows online students to expand their leadership skills by studying topics like financial management, healthcare operations, and marketing strategy while still meeting the requirements needed to become a nurse practitioner. The accelerated nature of this program gives you the ability to complete your coursework quickly so you can start working on your goals sooner rather than later!
By considering one of these featured online programs, nurses have the opportunity to develop essential skills and knowledge that will set them up for successful careers as nurse practitioners and health care administrators. Taking advantage of such an invaluable educational experience helps ensure that future endeavors are met with greater confidence and preparedness.
What Can You Do With An MSN MBA Dual Degree?
An MSN MBA dual degree offers nurses a range of career and educational opportunities, from advanced nursing practice to executive nurse management. The combination of an MSN and MBA provides nurses with the skills and knowledge necessary for taking on leadership roles in healthcare organizations. This program prepares nurses for careers that involve making decisions about patient care, managing staff, budgeting resources, developing business strategies, and improving organizational performance.
Purdue Global University is one example of an online institution offering an MSN-MBA dual degree program designed specifically for working professionals. Students gain access to clinical simulation labs which help them apply their learning in real-world situations while they pursue their degrees at their own pace. Jacksonville University also offers a similar program tailored to meet the needs of busy nurses who are unable to attend classes during traditional hours. North Carolina State University’s NCLEX-RN preparation course allows students to build upon their existing knowledge base as they work towards earning a dual degree.
The courses offered through these programs equip nurses with the tools needed to be effective leaders in today’s healthcare system including understanding nursing theory, developing communication strategies, and implementing evidence-based practices. By combining both disciplines into one comprehensive program, graduates will have the opportunity to take advantage of job prospects within medical administration or to further specialize in another area such as community health or case management. In addition, many employers seek out individuals with these types of credentials due to their versatility and relevance in the field of healthcare today.
Through acquiring an MSN MBA dual degree, nurses can expand their professional options by gaining valuable insight into both aspects of medicine—both clinical and managerial—that together form the foundation for successful healthcare delivery. With increased experience in both fields comes greater confidence when it comes time to make complex decisions regarding patient care and financial considerations alike.
Frequently Asked Questions About Earning An MSN MBA Dual Degree
Pursuing an MSN MBA dual degree can be a powerful choice for nurses looking to advance their careers. Many have questions about the program, so here are answers to some of the frequently asked questions that prospective students may have.
First and foremost, what is this type of nursing program? An MSN MBA dual degree combines advanced nursing theory with business administration training in order to give holders a competitive edge in the healthcare organization world. This unique mix of skills allows graduates to pursue leadership positions within the healthcare industry.
The second question many inquire about is how long it takes to earn this doctoral degree. Typically, if you attend school full-time, it will take anywhere from two to three years to complete all course requirements and obtain your diploma. However, there are also part-time programs available for those who want or need more flexibility with their schooling schedule.
Finally, individuals often wonder how they’ll benefit from earning an MSN MBA dual degree. With such comprehensive training under your belt, you’ll acquire both practical and theoretical knowledge—allowing you to assume any number of roles within a healthcare setting. Plus, since most employers highly value postgraduate degrees like these, having one under your belt could open up additional career opportunities that weren’t previously available.
What Is The Average Cost Of An MSN MBA Dual Degree Program?
Investing in an MSN MBA dual degree program can be a great way for nurses to further their education, but it comes with some financial considerations. On average, students should expect the cost of their tuition and fees to vary based on factors such as the school they attend and any scholarships or grants they may receive.
In terms of tuition costs, there are several elements that need to be taken into account when calculating the total price tag for this type of program. First, many schools charge per-credit tuition rates; these prices will differ from one institution to another. Additionally, some programs require additional fees for books and materials or lab expenses associated with certain courses. Finally, location is also a factor – attending a school closer to home may result in lower overall costs due to reduced travel expenses.
Taking all these factors into consideration, prospective students should keep in mind that pursuing an MSN MBA dual degree isn’t cheap. While researching potential programs, they should make sure they understand what’s included in each school’s tuition rate structure before making any decisions about which option might work best for them financially. Doing so can help ensure that once enrolled, they have the resources available to meet their educational goals without going overboard with their budget.
Are There Any Scholarships Or Grants Available For An MSN MBA Dual Degree Program?
Are you a nurse interested in pursuing an MSN MBA Dual Degree? You may be wondering if there are any scholarships or grants available to help with the cost of such a program. The good news is that the answer is yes! While financial aid for this type of degree can vary, many schools offer various types of assistance to make it more affordable.
One way to find out what kind of financial aid options exist is by contacting the school’s admissions office directly. They should be able to provide information about any scholarships and grants they have available for nursing students seeking an MSN MBA Dual Degree. Additionally, some private organizations provide special funding opportunities specifically designed for nurses who want to pursue higher education in their field.
Finally, it’s also worth exploring other sources like your employer or professional associations as they may have resources or programs dedicated to helping healthcare professionals further their educational goals. By doing a thorough research and considering all your options, you’ll be sure to find ways to fund your dual degree program that fit within your budget. With dedication and hard work, an MSN MBA Dual Degree could open up new doors and career possibilities – making it easier than ever before for nurses to reach their greatest potential.
What Is The Job Outlook For Nurses With An MSN MBA Dual Degree?
Are you interested in pursuing an MSN MBA dual degree program for nurses? If so, one of the most important questions to consider is what the job outlook will be like with this type of qualification.
Firstly, it’s worth noting that nurses with an MSN MBA dual degree have access to many high-paying positions across a range of industries. These include roles such as nursing informatics specialist, neonatal nurse practitioner, clinical research coordinator, or healthcare administrator. This provides greater job security and potential salary increases over time due to the increased demand and specialization these qualifications bring.
In addition, having an MSN MBA dual degree allows nurses to demonstrate their commitment to professional development and leadership skills which are highly valued by employers. Nurses with this type of qualification often find themselves in higher-level management positions where they can use their expertise to help shape policy decisions within healthcare organizations.
So, if you’re considering pursuing a dual degree program for nurses, then there’s no doubt that you’ll enjoy excellent employment opportunities upon graduation. With the right combination of knowledge, experience, and dedication, you can expect to make a real difference in the lives of patients while advancing professionally both now and in the future.
What Are The Average Salaries For Nurses With An MSN MBA Dual Degree?
The job outlook for nurses with a dual MSN MBA degree is excellent, and the salaries they can expect reflect this. For example, one nurse in New York leveraged her dual degree to become an administrator of a large healthcare system, receiving an impressive six-figure salary after just two years on the job. This kind of opportunity highlights the immense potential that nurses have when taking their careers to the next level with a dual degree.
On average, nurses who obtain both degrees make significantly more than those who only have either one or the other. According to PayScale’s 2020 report, nurses with an MSN alone earn around $80K/year while those with MBAs alone bring home about $95K/year. However, when combined into an MSN MBA Dual Degree program these figures skyrocket: individuals can now demand up to $115K annually from employers seeking highly qualified professionals.
These numbers demonstrate how beneficial it is for nurses to invest in themselves by obtaining the additional qualifications offered through a joint degree program. It not only increases their earning power but also opens up numerous new opportunities within the field as they gain access to senior positions within hospitals and corporations alike. Furthermore, there are tax incentives available; meaning that much of what you pay out of pocket could be recouped via deductions each year. All in all, pursuing an MSN MBA Dual Degree for Nurses provides substantial rewards throughout your professional journey – both financial and otherwise.
Are There Any Internships Or Practicum Opportunities Available For Students In An MSN MBA Dual Degree Program?
Are you considering an MSN MBA Dual Degree for nursing? If so, you may be wondering about internships or practicum opportunities available to those in the program. The good news is that there are a wealth of options available to help nurses with their educational goals.
The internship and practicum experiences offered by MSN MBA Dual Degree programs can give students valuable hands-on experience in both healthcare administration and clinical practice. Depending on the school, these opportunities could range from short-term placements at local hospitals and clinics to long-term residencies abroad. Additionally, many schools offer internships in specialized fields such as research or policy development. This gives students the chance to gain real-world experience while still attending classes and completing coursework.
It’s worth noting that these types of experiences often come with added benefits such as mentorship, career guidance, and even tuition support. Many institutions also provide dedicated advisors who can help guide students through the application process, find internships suited to their interests and skillset, and ensure they make the most out of their time in the program.
For prospective nurses interested in pursuing an MSN MBA Dual Degree program, internships or practicums can be an invaluable way to get firsthand knowledge of healthcare administration while obtaining a degree in nursing leadership. With careful planning, these experiences can open up new doors for future professional success.
In conclusion, nurses who pursue an MSN MBA dual degree will find this to be a beneficial investment. According to the Bureau of Labor Statistics, employment for registered nurses is projected to grow 7% between 2018 and 2028 – much faster than average. This makes earning an advanced nursing education even more attractive.
Pursuing an MSN MBA dual degree can help RNs advance their careers in the medical field by gaining specialized knowledge and skills that may lead to higher salaries and greater job security. Furthermore, there are numerous scholarship opportunities available for students interested in pursuing such a program.
Overall, investing in an MSN MBA dual degree can have tremendous long-term benefits for nurses looking to further their professional development. For example, according to PayScale, the median salary range for nurses with a master’s degree is $66K-$103K per year – nearly double that of those without one!