Average MHA Salary

Earning an advanced degree is one of the fastest ways to make more money in your field, and this is no different in the health administration field. It’s worth noting that while a large number of people attain Bachelors degrees, a significantly smaller amount go for a Masters degree. So aside from increased pay, it also raises you to a more accredited level within the field and makes it easier to attain jobs. With a Masters in Health Administration, you’ll qualify for some of the top positions in this industry, and of course, these jobs come attached to some pretty hefty salaries. Working at this high level of health administration involves the management of hospitals and other health services organizations. Let’s take a look at what you can expect to earn once you have a master’s degree in health administration.

Salary by Job Title

The first factor that makes a difference in exactly how much you can earn with an MHA is your specific job title and the responsibilities associated with it. The jobs for which you’ll qualify depend on your past experience, your educational specialty, and more, but some common positions for these holding an MHA (along with their average salary rates) are as follows:

  • Chief Executive Officer (CEO): $180,000
  • Chief Operating Officer (COO): $128,380
  • Practice Administrator: $80,000
  • Hospital Administrator: $77,195
  • Healthcare Consultant: $70,839

Keep in mind also that many MHA students come from other business-related backgrounds, which prepares you for a more specialized career in fields like marketing, advertising, human resources, finance, and accounting. In these health management fields, you can expect to earn anywhere from $50,000 to $100,000, or even more at some larger facilities or as you gain experience in your specific field.

Earning More Money with an MHA

When you’re job hunting with an MHA, there are a few things you can do to get more money. First, location makes a difference. If you get a job where workers in the health administration are in higher demand, which are typically jobs found in large cities, you can make more money. Experience plays a role too – as you work in the field, you’ll be able to command higher salaries. The type of facility where you work makes a difference as well. Although most jobs available in this field are found at hospitals and related healthcare facilities, higher-paid positions are often found in private, specialized healthcare facilities, home healthcare companies, and medical manufacturing companies. You can also get a duel degree in health administration and business administration or another related field to further increase your ability to find a high-paying job. Any additional education that you can bring to the table will help put you ahead of other candidates, as you are more qualified in multiple fields.

About MHA Programs

This type of program is designed to prepare students to work as professionals in the industry who will be responsible for overseeing and managing a variety of health care facilities. The goal is to produce graduates who are competent and knowledgeable about the ins and outs of this industry, including managing finances, understanding law and ethics, having a grasp on public health, and being familiar with the infrastructure of a health facility. Equipped with this information, many will be put into the best place to take advantage of to benefits of a graduate-level degree.There are many programs that will equip you with this integral experience, but each will surely have it’s own qualities that make it unique.

While programs do vary from school to school, there’s still a fair amount of certainty that students can expect to take courses such as:

  • Population Health
  • Healthcare Economics
  • Human Resource Management
  • Financial Analysis
  • Information Systems

Top Online MHA Degree and Other Health Programs

A Master of Health Administration (MHA) degree can lead to careers in hospital administration, health insurance administration, health care policy making, and much more. With the growth and aging of the population, healthcare jobs are in high demand and are expected to grow indefinitely. Each of the following schools offers a master's degree program in health care.

Kaplan University
MS: Health Mgmt
MBA: Health Mgmt

Kaplan University -- Kaplan University's MS in Healthcare Management and MBA in Healthcare Management programs are designed to educate the next generation of healthcare leaders. A world-renowned faculty successfully graduates dedicated individuals that find jobs across the country.

Capella University
MHA
MHA: Operations
MHA: Leadership

Capella University -- Capella University features several master's degrees in healthcare, including a general Master of Health Administration and two specializations: Healthcare Operations and Healthcare Leadership. The university offers these and a variety of other programs to meet the demands of the future healthcare system.

George Washington University
MBA: Healthcare

George Washington University -- George Washington University is a respected leader in online education with hundreds of programs offered in its course catalog. The online programs can be completed at a pace that is comfortable to you and in an environment of your choosing, making these programs a flexible and convenient way to earn your Masters Degree. GWU offers an MBA in Healthcare through online courses.

California InterContinental University
MBA: Health Mgmt

California InterContinental University -- The California InterContinental University MBA in Healthcare Management degree program features a dynamic curriculum that teaches the management of the healthcare facility. The 10-month online program allows students to continue to work while they complete their degree.

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