I'm pondering returning to school for a Master's degree as well. I'm looking at several options: MSN with leadership concentration, MS in Health Leadership and Management, MS in HCA or MS in Organizational Change!
I've spent some time talking to the education liason and Directors in my workplace to narrow the field. Since I'm not ready to return to school for another year I have some time to finalize. A few things to think about: If you are working in a setting that is deemed a magnet facility, I believe nursing leadership positions will require an MSN (regardless of focus area) in the future. When I spoke to the liason, she also suggested I consider whether I wanted MSN or MS in my title - she explained there are some people who see MSN and don't look beyond the "N". I have no idea how true this is or if it would be an issue.
Online versus traditional? Another big decision. Many of the on-line programs I reviewed are 18-24 months straight through - some do allow you to take time off but others require sequential classes. A friend did the HCA track online - she went for 8wks back to back with intermittent breaks for 2 years.
The cost of the private online programs is substantial compared to my state university's traditional program. I get educational assistance from work so some of the cost will be covered, with yearly limits. Depending on when I start, we may be able to get limited financial aid as 3 of us will be in college. The FA advisor at one of my child's college said it would make a difference for FA but not clear how much. I'm finding salaries in my area are flat given the economy and changes in healthcare reimbursement - I wouldn't get a raise in my current field, however returning to school would be for personal reasons not necessarily financial.
As it is a huge financial and personal time commitment, I don't want to start in a program until I'm clear what my professional goals are moving forward. Each day it becomes clearer for me so I'm thinking I'll be a student again in about a year. Good luck to you in your decision!