Increased Earning Potential
Individuals with an MHA degree typically earn more money than those with only a bachelor’s degree. According to the Bureau of Labor Statistics, the median annual salary for healthcare administrators was $104,280 in May 2021. The top 10% of earners made more than $164,950.
Improved Job Security
The healthcare industry is growing rapidly, and the demand for qualified healthcare administrators is expected to continue to increase in the years to come. This means that individuals with an MHA degree are likely to have good job security.
The Costs of Earning a Master’s in Health Administration
The cost of earning a Master’s in Health Administration varies depending on the school. However, most programs cost between $50,000 and $100,000.
