Higher salaries go to clinical executives who hold business degrees (except MPH)
MANAGED CARE March 2006. ©MediMedia USA
Back in 1998, we reported about the number of physician executives who held postgraduate business degrees and their median compensation. The number of physician executives with postgraduate degrees has grown since then, and so has their salaries.
Today, 18 percent of physician executives who responded to a recent survey by Cejka Search, a health care executive and physician search company, and the American College of Physician Executives, hold a master of business administration degree, the most commonly held business management degree for clinicians. In 1998, that number was 11 percent. Next in line is a master of public health degree (9 percent), followed by a master of medical management degree (7 percent), and a master of health care administration (3 percent).
Median compensation for holders of MBA, MHA, and MMM degrees is $250,000, according to the company. Executives with no postgraduate business management degree trail these folks. But with median pay of $239,000, those with no business degree earn more than executives with a JD or an MPH. Executives who hold a master of public health degree have the lowest median compensation among business degree holders, which was true in 1998 as well.
What's a postgraduate business degree worth?
Source: Cejka Search and American College of Physician Executives