The majority of jobs which can be obtained with a bachelor’s degree in healthcare administration carry good entry-level salaries. This is expected to continue, and may improve further, thanks to expected growth in employment of Medical and Health Services Managers (a senior level of healthcare administration). The field is expected to grow by 23% from 2012 to 2022 - more than double the projected 11% growth across all occupations in United States for the same time period. It also exceeds the overall anticipated growth of 7% for all management occupations during the same time.
According to Payscale, the average salary for a Healthcare Administrator in United States is approximately $52,000. Medical and Health Service Managers have a median salary of $88,000. These figures represent the median salary across the full industry and individual salaries will vary depending on factors such as size of practice, geographic location and experience level. Your entry-level salary is likely to be lower than the national average.
There is no individual state which is definitively better than any other to work in for healthcare administrators. The salary level will vary based on geographic location; however this is also dependent on the kind of establishment you will be working with. For instance, salaries will generally be higher in the private sector than in the public sector which is often impacted by issues such as government budget restrictions. However, states which tend to be good for salaries in this industry include New York, Illinois and Texas – all of which have an average salary which is around 20% higher than the national average.
When it comes to your first post-graduation job, one of the main factors impacting your salary will be the level of practical experience gained during your degree and/or internships. A level of practical experience, rather than purely theoretical knowledge, can give you a better chance of securing an entry-level position ahead of similarly educated candidates.
Once you have begun your career in the health administration field, your salary will be largely influenced by the type of experience you have accumulated and which organizations you have worked for. The good news is that there is considerable scope for progression in this field; those moving into their later career can earn as much as 53% more than the national average salary for the industry.
According to the United States Bureau of Labor Statistics, the future outlook for the healthcare administration field is very promising. The field of Medical or Health Services Managers, which is a more advanced position than entry-level healthcare administration, is predicted to grow by 23% from 2012 to 2022.
The overall growth across all US occupations is only 11%, meaning this career is one of the most promising to get in to at the moment. There are no official statistics for entry-level healthcare administration, but the growth in related senior positions should guarantee an abundance of positions will be available at all levels of the industry.
Find out more about the healthcare administration program at SBBCollege
Further healthcare administration reading: