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What is the Salary Outlook for MHA Degree Grads?
Average Healthcare Administrator salaries for job postings nationwide are 17% higher than average salaries for all job postings nationwide.
Average Clinical Manager salaries for job postings nationwide are 28% higher than average salaries for all job postings nationwide.
Average Health Information Manager salaries for job postings nationwide are 2% higher than average salaries for all job postings nationwide.
The salary that is earned in these positions varies depending on where you work. For example, those working for private medical offices in management will likely earn far less than those working for hospitals that have a major need for managers and administrators. Healthcare administration positions in private nursing homes and facilities will typically pay more than a position in a public facility or hospital setting, as well. It’s going to be up to you to do the research and see what your specific career future looks like.
According to the BLS, having an MHA degree can substantially increase your salary. Those who take on positions in hospitals are more likely to garner the highest pay on average, but that depends on the exact position and the qualifications that you have. People who work in lower-level positions can expect to earn slightly less than the average, while those in top-paying positions can easily see salaries of $100,000 or more with their MHA degree.
There is expected to be a 22% increase in the career opportunities for MHA degree holders over the next 10 years, giving you plenty of things to look forward to in your career. That boils down to more than 70,000 positions that will be opening up for people who want a career in health administration in some form or another. The healthcare industry is booming, requiring many more professionals than ever before. There has never been a better time to get an MHA degree than now, when you can get so much out of the career. A bachelor’s degree might be sufficient for some positions within the field of healthcare administration, but an MHA is what will open up the world of career opportunities and salary potential for people who want to get more out of their career in health administration. Check out the BLS Occupational Outlook Handbook to learn more about your specific career interest and what you can expect from your MHA degree in the coming years.
Choosing the right position with an Online MHA degree is something that takes careful thought. If you research the different opportunities that are available first and foremost, it will be easy for you to get everything that you need out of your career. The degree takes 1-3 years to earn but it can almost double your salary expectations over a lifetime as compared to having a bachelor’s degree in healthcare administration. By researching salaries and career outlooks, you will be able to get a better idea of what this industry can do for you and which field is best for your career future.