Masters in Health Care Average Salary

Are you assured of a higher salary if you pursue a master’s degree in health care? The answer to that question would depend on your past experiences and education, your choice of specialization and your goals. No matter if you are a certified RN or a computer technician, your objectives and your experience count for your hopes in a pay bump upon graduation.For instance, according to Herzing University online, the median income for medical and health services careers in May 2007 was $84,980. The lowest paid 25% earned $59,910 or less while the highest paid 25% earned above $99,680. If those figures represent your hopes, then you may consider achieving your advanced degree.

But, other considerations include your specialty as a health care administrator. For instance gastroenterologists may earn $70,474 annually while a person who specializes in cardiology may earn just $7,000 per year more. However, the cardiologist represents the high end of the scale. The low end is represented by family practice.

You may not want to enter administrative positions, however; therefore your search for a salary upon graduation would depend both upon salary and location. The U.S. Department of Labor’s Bureau of Labor Statistics can help answer your questions if you know the field you wish to enter.

But, the Bureau of Labor Statistics site also includes general information for those in healthcare practitioner and technical occupations. Without note to whether the numbers here reflect a higher degree or not, the median annual wage for this working group is at $56,580 per year, with the highest 90 percentile earning $117,670 per year. This last salary computes to $56.57 per hour.

Take a look at the list of health care professions at that last link and pick one that seems to suit you. For instance, the occupational therapist option also is listed at the Bureau of Labor Statistics site, and a look at that specific occupation provides more detailed information.

For the occupational therapist, employment is expected to grow much faster than average and job opportunities should be good, especially for those therapists who focus on elderly populations. Median annual occupational therapist earnings were $60,470 in May 2006. The The lowest 10 percent earned less than $40,840, and the highest 10 percent earned more than $89,450. Median annual earnings in the industries employing the largest numbers of occupational therapists in May 2006 were:

  • Home health care services – $67,600
  • Nursing care facilities – $64,750
  • Offices of physical, occupational and speech therapists, and audiologists – $62,290
  • General medical and surgical hospitals – $61,610
  • Elementary and secondary schools – $54,260

As you can see above, you can determine the numbers for just about any health care field at the Bureau of Labor Statistics to determine whether an advanced degree in your field of specialty would be worth just two more years in college. You may learn that those two years may mean the difference between $26,000 per year and $54,000 per year, depending upon your specialty, your location and the facility where you choose to work. But, a higher salary can hinge on that higher degree, so take time to consider completing that degree now with a flexible online degree option.

Top Master's in Health Care Degree Programs

University of Phoenix
Master of Health Administration
MBA in Health Care Mgmt
MHA in Health Care Education
MHA in Health Informatics
University of Phoenix — The Master of Health Administration (MHA) program at the University of Phoenix is designed to provide the skills and knowledge needed to effectively respond in today's health care industry. Within a flexible online environment, students can learn to content in finance, policy, research, technology, quality improvement, economics, marketing, and strategic planning.
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Northeastern University
MBA in Healthcare
Northeastern University — Northeastern University offers its MBA program in Health Care Management in an online format, providing you with a solid foundation in all areas of business enterprise in health care. The Healthcare specialization is designed to expand your knowledge of the industry by examining how critical issues in healthcare intersect with business, and you can emerge from the program prepared to face the many challenges and opportunities that are available in the healthcare sector.
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Ohio University
Master of Health Administration
Ohio University — Graduates from Ohio University's online M.S. in Health Administration are highly valued for their ability to solve complex problems and meet organizational goals by combining their knowledge of the evolving health environment with their experience. Course highlights include issues of leadership, finance, health system structures and managed care, ethics and law, maximizing human resources, information and systems use, health policy, and strategic planning and marketing.
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George Washington University
MBA in Healthcare
George Washington University — The George Washington University online MBA Healthcare program is rich in values, rigorous in theory, and experiential in practice. The MBA Healthcare can be completed in two years and consists of twenty-four core and twelve elective courses.
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Capella University
MS in Healthcare Administration
Capella University — For those looking to enjoy a career as a healthcare administrator, Capella's MS in healthcare administration will prepare you for just that. This particular course of study is ideal for those wishing to pursue positions as directors or managers in different heath care settings.
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Walden University
Master of Health Admin
Walden University — Walden's MHA degree program offers a cutting-edge curriculum that focuses on developing the expertise, knowledge, and skills needed to begin a leadership position within the healthcare industry.
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Boston University
MS in Health Communication
Boston University — BU offers an MS in health communication program that can be completed in as little as 18 months via part-time fully online study. Students of this program will learn how to implement effective communication campaigns within a healthcare setting.
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New England College
MS in Healthcare Mgmt
New England College — New England College offers a nine-course MS in healthcare administration that focuses on the aspects of management and leadership in the healthcare industry. The curriculum challenges students to think strategically and acquire the leadership skills necessary to succeed as a healthcare administrator.
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Kaplan University
MS in Health Care Mgmt
MBA in Health Care Mgmt
Kaplan University — The Master of Science in Health Care Management degree online at Kaplan University offers the knowledge and skills required for you to succeed. Graduates who specialize in Health Care Management can pursue positions in doctors' offices, medical and surgical hospitals, home health care, and outpatient centers.
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