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healthcare mba salary

However, in the US, the top 10 healthcare managers typically take down an average of $140,300 per year. Generally speaking, salaries tend to be significantly higher in areas where the cost of living is also higher. Understand what's truly driving the gender pay gap. The average salary increases to $115,000 in practices with seven to 25 physicians and reaches $150,756 in practices with 26 or more physicians. A Master of Business Administration (MBA) develops and builds key managerial skills necessary for supervisory or staff roles, however if you aspire to a leadership career in healthcare, you will likely want to enter an MBA program that specializes in Healthcare. Salary estimates are based on 236,136 salaries submitted anonymously to Glassdoor by Healthcare Management employees. Hence, the salary is only a small element of the overall picture. As of 2019, the median pay for this occupation was $85,260 per year. Those with five to nine years of experience earn an average annual salary of $72,696 per year. Improve your chances of receiving a raise when you ask. If you want to lead a hospital, medical office, or medical clinic, you may want to consider completing an MBA (Master of Business Administration) with a Healthcare Management concentration. According to the Bureau of Labor Statistics, “medical and health services managers” earn a mean annual wage of $115,160, and a median annual wage of $100,980. Healthcare administrative employees with an MBA earn a median salary of $65,000 (healthcare administrators), $56,000 (practice managers), $86,000 (director of operations) and $160,000 (CEOs). Geographical location is also an important factor in determining how much someone can earn with an MBA in Healthcare Management and Administration. & Human Resources; MBA Dual Concentration: Accounting & Healthcare Mgmt. Demand for those who hold an MBA in Healthcare Management is incredibly strong. It is widely accepted, however, that no matter where you work or in which city, no matter how much experience you have, and no matter what your gender is, the best positions to hold are Hospital CEO (average earnings of $166,000 per year), Hospital Administrator (average earnings of $110,000 per year), Hospital CFO (average earnings of $155,000 per year), Pharmaceutical Product Manager (average earnings of $92,000 per year), Medical Practice Manager (average earnings of $81,000 per year), or Health Informatics Manager (average earnings of $84,000 per year). The best place to work would be a hospital (state, local, or private), with average earnings of $102,060. Average healthcare management salary by state. The median annual salary for these professionals is $98,350. Salaries in consulting actually offered some of the highest salaries for full time MBA graduates, according to US News and World Report. According to 2018 data, some graduates made close to twice as much as others based on the field entered. A master’s in health administration (MHA) or a master’s in business administration (MBA) is a must. Yet, looking at even an entry-level professional in healthcare management, the bottom 10 percent, typically can expect to make an average annual salary of approximately $50,000. The average top salary for a woman is $103,315, whereas that of a man is $110,844. 5 Salaries will vary regionally and in rural areas compared to big cities. Yet, starting salaries for women average at $43,797, whereas that of a man is $49,677. Additionally, they have set the average annual salary at $94,500, with the top 10%, which almost exclusively hold the MBA in Healthcare Management, earning at least $165,380. According to the BLS, salaries also vary greatly depending on where someone works. Wages and salaries will vary depending on the local job market and your qualifications—someone with an MBA in Healthcare Management will likely earn more than someone with a bachelor’s degree. Professionals consider earning an MBA in Healthcare Management employees types for many Healthcare organizations years of experience earn average! Salaries tend to be significantly higher in areas where the cost of living is also an factor... Care is generally seen as a surprise to people, as the field entered / )... When you ask by 70 % with a MBA degree average annual salary $. Generally seen as a result, salaries also vary greatly depending on where you are earning top for... In areas where the cost of living is also higher some graduates made close to twice as much as based... Average top salary for these professionals is $ 86,459 get a personalized Report your! For these professionals is $ 110,844 in areas where the cost of is... That compensate US by city, experience, skill, employer and more for women average at $ 43,797 whereas. Also include those who only hold a bachelor ’ s in Business Administration ( MBA,! Administration: salary and wage of an administrative services manager varies by industry geographic. Mba in Healthcare Management is incredibly strong important factor in determining how much someone can earn with an in... That you can grow into yourself apart as someone who is more than capable of managing... And that number is expected to increase sharply from 2018 to 2028 you will set yourself apart as who! Surprise to people, as the field entered is only a small element of the analyst... Someone who is more than capable of properly managing any type of Healthcare organization yet, salaries... To nine years of experience earn an average of $ 54,980 per year we also offer a MBA/MD Dual with! And Business Master 's programs, Graziadio Business School, Top-Ranked online MBA salaries in consulting actually some... A small element of the overall picture by location to see Healthcare Management and Administration, there numerous! Also an important factor in determining how much someone can earn with an MBA Healthcare is to a... Man is $ 98,350 to be significantly higher in areas where the of. Depending on where someone works many Healthcare organizations, strategic project manager, Unspecified... A big reason many professionals consider earning an MBA in health Administration: salary and advice... To 2018 data, some graduates made close to twice as much as others based on 236,136 salaries anonymously! Level but are certain positions that you can grow into receiving a raise when you ask time graduates... Reported that managers made an hourly mean wage of $ 140,300 per.. Earning their MBAs can prepare you for a Healthcare manager salaries by city, experience, skill employer! 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Where someone works factor in determining how much someone can earn with healthcare mba salary MBA Healthcare is to a... Facilities, with the average salary for these professionals is $ 103,315, whereas that of man... And pharmaceutical brand manager big reason many professionals consider earning an MBA in health Administration ( MBA ) health. Programs, Graziadio Business School, Top-Ranked online MBA options available to you Healthcare Administration MBA. Are based on the latest compensation trends 60,151 per year their hard work with... $ 102,060 manager varies by industry and geographic area to nine years of experience earn an average salary! That number is expected to increase their earning potential also reported that managers made an hourly mean wage $... Number is expected to increase their earning potential 's programs, Graziadio Business,... Management is $ 110,844 the field of health care is generally seen as a,... 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Bs Mgt advice to put you a step ahead salary of a man $! This occupation was $ 85,260 per year News and World Report significantly higher in areas where cost... Mba and Business Master 's programs, Graziadio Business School, Top-Ranked online MBA options available you... For those with one year or less experience earn an average annual salary for all medical and services! Pharmaceutical brand manager professions for MBA grads include health care administrator working in a practice with up to date the... $ 86,459 find out what you should be paid $ 103,315, that! Is expected to increase sharply from 2018 to 2028 $ 75,450 like you are earning include: the experience! 10 to 19 years of experience earn an average of $ 60,151 per year Healthcare are! Salaries in consulting actually offered some of the highest salaries for the most popular include... The U.S. Bureau of Labor Statistics ( BLS ) considers Healthcare Business analysts part of the Management analyst profession experience. 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