If you’re looking at a career in healthcare, there are many areas of study available. But if you look at the top 25 majors out of 105, don’t be surprised to see management and administration well represented.
Depending on how you define management and administration, either six or seven of the 25 majors were variations on administration and management. The only question is whether to consider medical informatics an extension of management. Although a technical field, it is involved with maintaining and managing medical record keeping and using the data to find insights that are important to decision making.
The website WorldWideLearn looked at majors that were in the healthcare field and then scored them in four areas:
- Educational Availability, based on program availability data from the National Center for Education Statistics, 2014
- Earnings Index, based on salary and training data from the Bureau of Labor Statistics, 2014; education data from the Occupational Information Network, 2015; and tuition data from the National Center for Education Statistics, 2014
- Employment Opportunity, based on employment projections for growth rate, numerical growth and job openings, 2014-24, from the Bureau of Labor Statistics
- Educational Affordability, based on tuition data from the National Center for Education Statistics, 2014
The site used a 25-point scale for each of the four categories and then added the scores together for a composite that could be at most 100 points. Here are the administration and management categories that did particularly well.
Health Information & Medical Records Administration
The major trains people to understand and employ the technologies used in running healthcare organizations. There’s a high earnings rating (national average salary last year of $106,070) and a range of employment opportunities for new graduates. Projected job growth through 2024 is 16.91 percent.
Healthcare Administration & Management
Students learn to apply business principles to the management and operation of healthcare organizations. The national average salary of $106,070 was the fifth highest and educational availability came in second overall. Projected job growth through 2024 is 16.91 percent.
Healthcare Facilities Administration & Management
Similar to the previous category, students learn to “take leadership roles in health care settings.” National average salary was $106,070 and projected job growth through 2024 is 16.91 percent.
Students go beyond nursing and learn advanced nursing principles, management theory, nad leadership skills. National average salary was $106,070 and projected job growth through 2024 is 16.91 percent.
Health Services Administration
The major has high job opportunity. Students learn about care reimbursement, quality management, and finance. National average salary was $106,070 and projected job growth through 2024 is 16.91 percent.
Students learn to apply data management, information technology fundamentals, networks, and security in a medical setting. This major had a higher average salary, $115,580, than the other administrative and management options, although a somewhat lower projected job growth of 10.55 percent through 2024.
Are you interested in finding a rewarding and lucrative healthcare career that fits your individual strengths and interests? Find out how education can help you adapt to the changing healthcare landscape. American Sentinel University is an innovative, accredited provider of healthcare management degrees, including an MBA Healthcare and Master of Science Business Intelligence and Analytics.