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Healthcare Administration Degree
A healthcare administrator degree will help to get you employment in various fields such as hospital administration as well as department administration. It is basically a degree in management that focuses on managing various healthcare facilities. When earning a healthcare administration degree, you can get your foot in the door with just a bachelor’s degree; you can also choose to further your education by earning a master’s degree as well which will help you to move up the ladder in the management field.
Bachelor’s Degree in Healthcare Administration
With your healthcare administration degree at a bachelor’s level, you will take all general education classes such as math, English, science and computer courses; then you will add managerial classes such as finances, legal and ethics which are specialized in the healthcare field. These courses will help you to better understand the intricate fundamentals of healthcare administration. Your healthcare administration degree will take about four years to complete, depending on how many courses per semester you want or can take. The Pell Grant and Stafford Student loans are available for many students who choose healthcare administration degrees, taking the financial burden of paying for tuition off the shoulders of the student so you can focus on your studies instead of money. With your bachelor’s degree in healthcare administration, you can expect to earn roughly $40,000-$50,000 a year to start, with wages increasing as your experience increases.
Master’s Degree in Healthcare Administration
The master’s healthcare administration degree program is available after you have completed your bachelor’s degree with good grades. Many employers require that before you move up into middle or upper management that you earn this type of healthcare management degree. This degree is generally earned online since many students are already working full-time and do not have the time to go into a traditional classroom setting; this will help you to earn your degree faster while devoting your time to both your job and your education. In addition to the previous classes you took during the bachelor’s degree program, you will also fine tune your knowledge of healthcare organizations, healthcare finances, human resource management specific to healthcare and statistical analysis and more. Once the program is completed, you have the ability to earn a promotion to a senior-level management position, although your employer may also require up to ten years of experience in your field as well. When you do obtain a promotion to senior management, you can expect to earn anywhere from $150-$250,000 a year, although you may be required to work up to 70 hours per week. While this program generally takes about 18-24 months to complete, some schools may offer an accelerated healthcare administrator degree program that lasts only one year. In any case, the salary you could earn is well worth the time and effort put into this type of degree.
A healthcare administrator degree is always in high demand, with the demand for more administrators rising as well as the salaries for healthcare administrators. Once you earn your bachelor’s degree, you can begin work immediately, gaining the experience you need to get into the master’s program, which will earn you even more experience and the salary that goes with it.