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Female
83.3%
Avg. Salary: $39k - $70k
Male
13.9%
Avg. Salary: $46k - $86k
This data is based on 36 survey responses. Learn more about the gender pay gap.
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Healthcare is one of the fastest-growing industries today, featuring many different positions with unique educational requirements. The field of healthcare management
offers both a competitive salary and strong job growth, making it an attractive career choice for those interested in both healthcare and business. Whether you are a healthcare professional looking to take the next step, or you are just beginning your healthcare career, a degree in healthcare management can help you unlock the door to many exciting career opportunities. According to the
Bureau of Labor Statistics (BLS), employment in healthcare management is projected to grow 32% from 2019 to 2029, as healthcare organizations strive to adapt to a changing healthcare landscape.* Hospitals and other healthcare organizations will need additional healthcare management professionals to oversee patient and health services. This growth is due in part to an aging baby boomer
population that has driven higher demand for healthcare services in recent years. As of May 2019, data from the BLS shows the average salary for healthcare managers was $115,160 per year ($55.37 per hour) across the United States.* This projection is not a typical starting salary for recent graduates of a healthcare management program but is reflective of the national average.
Salary will also vary according to state and experience level. Many students choose to pursue a health administration degree in order to gain the business skills required for a management role in the healthcare field. Here are some potential jobs you could land with a bachelor’s
degree: You can expect these kinds of positions to require applicants to have an associate degree in healthcare administration or management: Your day-to-day tasks will include working and communicating with medical
personnel to facilitate the everyday options of the institution, including staffing, patient relations, inventory control and scheduling. Classes Start January 9th Waived Enrollment Fee If you are currently a healthcare professional looking to make the jump from clinical practice to management, an MBA in Healthcare Management is the best track for you. Through an MBA program, you will gain the specialized knowledge and expertise in modern healthcare issues, trends and tools that you need to succeed in upper-management roles. Earning your master’s degree in business administration can qualify you for leadership roles in healthcare management, including:Career possibilities in healthcare management
Do I need an MBA?
- Healthcare Administrator
- Healthcare Consultant
- Healthcare Manager
- Program Director
- Chief Executive Officer (CEO)
- Chief Operations Officer (COO)
- Chief Compliance Officer (CCO)
- Development Director
Several years of experience working in the healthcare industry plus an MBA in Healthcare Management will make your resume jump out to potential employers.
As a healthcare manager, you’ll learn the inner workings of the healthcare system. Your management skills will allow you to serve as a competent and capable leader, helping hospitals, small practices, insurance companies and a variety of other institutions navigate the changing healthcare environment.
What skills do you need?
Being successful in the field of healthcare management requires strong leadership qualities and management skills. As with any leadership position, excellent oral, written and interpersonal communication skills are also necessary.
If you are interested in learning more about the business side of healthcare and enjoy thinking strategically and making important decisions, healthcare management could be the right career path for you.
If you’re interested in pursuing a leadership role within the healthcare industry, healthcare management could be the right path for you.
* Bureau of Labor Statistics (BLS), U.S. Department of Labor, Occupational Outlook Handbook 2020. BLS estimates do not represent entry-level wages and/or salaries. Multiple factors, including prior experience, age, geography market in which you want to work and degree field, will affect career outcomes and earnings. Herzing neither represents that its graduates will earn the average salaries calculated by BLS for a particular job nor guarantees that graduation from its program will result in a job, promotion, salary increase or other career growth.
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