Average Salary and Career Options for Master’s in Health Care

Having a Master’s in Health Care opens up a world of career possibilities. Unless you started working on your graduate degree with a very specific goal in mind, understanding the range of possibilities and potential for employment with your Master’s degree may be overwhelming. With so many possibilities, the opportunities for those with a Master’s in Health Care degree is encouraging and promises to provide you with plenty of chances to settle into a career that is perfect for you after graduation.

The most popular choice of many graduates with a Master’s in Health Care is to pursue a career as a hospital administrator. Depending on the size of the hospital, this job can entail anything from running an entire facility or specializing in the management of a specific department. Whether running the entire hospital or working in a specific field, graduates may find themselves prepared to manage hospital record information, financials and business decisions for the organization, quality and safety of patient care, and even clinical areas such as nursing or surgery. According to the Bureau of Labor Statistics, the median annual earnings for administrators in hospital settings in 2006 was $78,660, with some executives earning well over $100,000 a year.

While hospitals employ a large number of health care administrators, they are not the only place offering excellent opportunities for health care administrators. Other options include smaller provider settings such as physician groups, nursing homes, mental health organizations, and outpatient centers. Salaries for these types of positions average slightly lower than similar positions at hospitals, but depending on the size of the organization or the specialty of the health care providers, the salary for administrators can fall higher or lower than average.

Other options for career choices include a wide variety of health care-related businesses and non-profits. Educational organizations, pharmaceutical companies, health insurance companies, and organizations that shape health care policies are just a few of the other opportunities for graduates with Master’s in Health Care. The salaries for these jobs vary as widely as the possibilities. Non-profit and educational positions typically pay lower than average, but offer other returns such as knowing that the work you are doing benefits people and communities. Positions with larger corporations may allow for administrators to work their way up a career ladder with very high-paying jobs at the top.

Regardless of which direction your career takes, it is important to have some experience working in the health care industry in some capacity prior to seeking an administrative position. Whether you have a history in nursing, as a medical assistant, or even working in a medical office, this experience will serve you well when finding a job after graduation. If you do not already have this experience, see if your program allows for internships as a part of the educational process. Not only can you gain important experience, but you can also make connections with other administrators that may prove beneficial during your job search and over the life of your career.

Featured Online Healthcare Masters Programs

Ohio University

Master of Health Admin.

Ohio University - Master’s Degrees. Ohio University offers students a rich academic tradtion that is now offered to students online. At Ohio University, students receive the same benefits of students on campus, but can take classes from the comfort of their own home.
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More Info from the University of Phoenix

Master of Health Admin.
M.B.A. in Healthcare Mgmt.
M.S.N. in Healthcare Mgmt.

University of Phoenix - Bachelor’s, Master’s, & Doctoral Degrees. University of Phoenix offers a variety of healthcare programs available online. University of Phoenix offers accredited degrees in healthcare that will educationally prepare students take the next step in their career.
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American InterContinental University

M.B.A. - Healthcare Mgmt.
B.B.A. in Healthcare Mgmt.

American InterContinental University - Bachelor's & Master's Degrees. American InterContinental University is one of the world's largest online universities and offers a large variety of degrees in the field of healthcare. AIU prepares students to start their new career by having an excellent faculty with a number of years working in their field.
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More Info from Kaplan University Online

M.S. in Healthcare Mgmt.
M.B.A. in Healthcare Mgmt.

Kaplan University - Master’s Degrees. As one of the top online universities in the country, Kaplan University offers a number of Healthcare Master's Degrees. The Healthcare industry is one of the fastest growing job markets in the U.S. to date, and a number of careers can be started from Kaplan's degree programs.
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Capella University Online

MHA in General Health Admin.

Capella University - Master’s & Doctoral Degrees. A Master's Degree in Healthcare is now standard practice for employees to hold in this fast-growing field. At Capella University, students can affordably.
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Ashford University

M.A. in Healthcare Admin.
M.B.A in Healthcare Admin.

Ashford University - Master's Degrees. Ashford University offers Healthcare degrees for students interested in running a medical facility or working on the medical side of the field.
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Walden University

M.S. in Healthcare Admin.
M.S. in Clinical Research Admin.
Ph.D. in Human Services Admin.

Walden University - Master’s & Doctoral Degrees. Walden University offers Master's & Doctorate level Healthcare degree plans for students focused on continuing their career in the Healthcare industry. Walden University sets the industry standard in providing students with the best upper level degrees in that field of study.
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Grand Canyon University

M.S. in Health Care Admin

Grand Canyon University - Master's Degree. Grand Canyon University offers healthcare degrees in a Christian environment. Students seeking this type of education will be happy with the offerings provided by Grand Canyon.
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