Location, cultural demand, education, and experience all play a role in potential income. What follows is a list of master’s degrees that pay off handsomely for students. The top 10%, with master’s degrees and many years of experience, can earn up to $144,000 per year. The U.S. Bureau of Labor Statistics (BLS) estimates that healthcare employment will grow 15% from 2019 to 2029, creating about 2.4 million new jobs.A portion of these new jobs will be healthcare administration roles. © 2020, MHADegree.org, All Rights Reserved. Hospital Administrator: $77,195; Healthcare Consultant: $70,839 ; As you can see, these salaries are much higher than the average salaries for healthcare workers who have just an associate’s or bachelor’s degree. Master of Health Administration Overview. Analyzing the effects of changing health care policy on delivery and services that are provided in the health care industry. One of the leading benefits to complete one of the health administration masters programs is to receive the masters in healthcare administration salary. The masters in hospital administration or MHA degree is focused on training students in managing sustainable and thriving hospital systems, as a sub-system of the health care sector. As the aging population continues to increase, so does the need for qualified health care administrators. The top 10% of administration professionals make an annual salary of more than $182,000. Most Master of Health Administration degree programs require students to hold a bachelor’s degree and have previous work experience. Keep in mind that salaries range broadly for master’s degree holders–depending on industry and company, location, the nation’s economy and your level of experience, and annual median wages can be anywhere from $50,000 to $100,000 or more. An MHA program helps to prepare you into a strong leader who will be able to respond effectively to the rapidly evolving health care field. Frequently CNOs have risen up from working as an RN but then transitioned into administration through such positions as charge nurse, program director, and director of nursing. See salaries, compare reviews, easily apply, and get hired. Students can earn a 2- to 3-year master's degree in hospital administration to pursue a career in healthcare management and administration. 40 Masters Degree Healthcare Administration jobs available in Nashville, TN on Indeed.com. A fast-growing field, the average annual salary for a professional with a masters in health care administration is $98,350. You can also expect a salary increase if you pursue a graduate degree, such as an MBA in Healthcare Management, or Master of Health Leadership. As you begin to look at different MHA graduate programs, you should look for a curriculum that is focused towards the needs of a future health care manager and leader, with strong focus on content in policy, finance, research, technology, economics, strategic planning and economics. In this career, you will be responsible for supporting the administrator with planning, supervision, and delivery of proper healthcare practices on a daily basis. Master of Health Administration (MHA) - Salary - Get a free salary comparison based on job title, skills, experience and education. Similarly, earn a master’s degree and quite likely your starting salary and earning potential exceed those with a bachelor’s degree. The average healthcare administrator salary is $98,350 per year, according to the Bureau of Labor Statistics. in Health Administration, Online Master of Health Care Administration, Master of Healthcare Administration (MHA), Online Master of Health Administration (MHA), Online Bachelor and Master of Science in Healthcare Administration, Online Master of Health Administration in Health Systems Management, Commission on Accreditation of Healthcare Management Education (CAHME), Hospitals – state, local and private: 39%, Department or division manager/supervisor, Administrators in practices with fewer than six doctors: $86,000, Administrators in practices with 7-25 doctors: $115,000, Administrators in practices with 26+ doctors: $150,000. Professor or Researcher. Employers for top level hospital administration positions look for either a master's degree or a doctor of health administration, with the former requirement being more common. Career seekers can obtain bachelor’s or master’s degrees in healthcare administration, as well as, earn the Registered Health Information Administrator Certification to increase their chances of securing a hospital administrator position. Hospital Administrator average salary is $82,000; Hospital CFO average salary is $106,000; Pharmaceutical managers average salary is $90,000 ; Medical practice manager’s average salary is $79,000; Health informatics manager average salary is $89,000; Its is important when choosing a Master’s Degree Program in Healthcare Management to understand that there are many factors that … Salaries Without a master’s degree, your salary expectations and advancement opportunities may plateau over time. negotiate with confidence. 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