What Are the Highest-Paying Jobs in Healthcare Management?

N. Susan Emeagwali
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Updated June 20, 2024
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Healthcare managers are in demand and can earn high pay. Explore healthcare administration jobs and salaries in this growing field.
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Healthcare employers rely on a diverse pipeline of highly qualified workers to fill administrative roles in healthcare finance and operations.

One of the nation’s fastest-growing occupations, healthcare managers ensure that facilities, people, and processes work as efficiently and effectively as possible. This guide explores some of the highest-paying jobs in healthcare management.

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Healthcare Management Jobs Overview

The Baby Boom generation continues to age along with the need for treatment and care coordination. This and other factors place greater strains on the healthcare system and increase the need for savvy healthcare managers.

Healthcare administration and healthcare management are two different fields that share some similarities. While healthcare administrators focus on the day-to-day operations of healthcare programs and facilities, healthcare managers oversee entire healthcare facilities and systems.

The need for effective healthcare management is reflected in current national data.

For example, medical and health services managers with a bachelor’s degree and less than five years of relevant experience earned an annual median salary of $110,680 as of 2023, according to the Bureau of Labor Statistics (BLS).

Further, the BLS projects an eye-popping 28% job growth for these fields between 2022 and 2032 — nearly 10 times the national average growth of 3% for all occupations.

Other high-paying occupations in healthcare management include administrative services and facilities managers, who earned an average of $104,900 as of 2023, according to the BLS. Nursing managers earned an average base salary of $95,370 in May 2024, while hospital administrators earned an average of $95,066 in March 2024, reports Payscale.

Typically, the further you take your education, the greater pay you can command. Healthcare management professionals with an undergraduate degree often earn less than colleagues with a master’s degree or may need more experience to reach the same level of expertise.

The Highest-Paying Undergraduate Healthcare Management Jobs

There are many healthcare management positions you can land with a bachelor’s degree and less than five years of work experience. A bachelor’s degree in healthcare management prepares workers for entry- to mid-level careers. Students develop the business, healthcare, and leadership proficiencies managers need to succeed.

Top Undergraduate Healthcare Management Jobs
RankCareerMedian Annual Salary
1HR Manager in Healthcare$114,830
2Hospital Administrative Services or Facilities Manager$110,950
3Medical and Health Services Manager$110,680
4Healthcare Management Analyst$99,410
5Nursing home administrator$97,490
Source: BLS

1 | Human Resources Managers

As in many other fields, healthcare employers and employees rely on human resources (HR) professionals to help manage their people, resources, and institutional priorities. They recruit, hire, and train employees and implement policies around compensation and benefits.

HR managers are excellent communicators and decision-makers. These specialists typically have at least a bachelor’s degree in HR, business, or a related field. For healthcare employers, a bachelor’s in healthcare management could help you stand out. Employers may prefer to hire those with certification from a professional organization such as the Society for Human Resource Management.

Median Annual Salary: $114,830

2 | Hospital Administrative Services or Facilities Manager

Medical office managers ensure that hospitals, medical practices, clinics, and other healthcare facilities run as safely and smoothly as possible. These professionals sometimes manage various day-to-day tasks, including implementing policies and procedures, managing supply inventories, and ensuring that equipment and technology are functional and up to date.

Many medical office managers have a bachelor’s degree in business, healthcare, or a related field. Employers expect these managers to have strong analytical, communication, and leadership skills.

Median Annual Salary: $110,950

3 | Medical and Health Services Managers

Medical and health services managers oversee operations and services provided at hospitals and other healthcare facilities. They understand the inner workings of healthcare systems but do not provide direct patient care.

Rather, their duties involve developing budgets, leading staff, and ensuring compliance with complex healthcare laws and regulations. Medical and health services managers need a bachelor’s degree for entry-level positions, although they often need a more advanced degree for senior-level positions.

Median Annual Salary: $110,680

4 | Management Analysts

Management analysts, or management consultants, help healthcare organizations optimize business operations, reduce costs, and enhance patient care. They use financial data and other institutional information to identify areas for improvement. Management analysts may have a particular focus area such as healthcare operations, clinical operations, or health information technology.

Those specializing in healthcare have at least a bachelor’s degree in healthcare administration, business administration, business, or a related field. The job demands highly advanced analytical, communication, computer, and problem-solving skills. While they are not required to hold certification, some management analysts may enhance their qualifications with certification from the Institute of Management Consultants.

Median Annual Salary: $99,410

5 | Nursing Home Administrators

Nursing home administrators are just one kind of nursing administrator, all of whom have unique duties, workplace settings, and professional requirements. Nursing home administrators manage the day-to-day operations of long-term care facilities and similar institutions. Depending on the size of the facility and other factors, these administrators may perform clinical as well as administrative duties. Nursing home administrators may have a nursing degree in addition to a degree in healthcare management or a similar subject.

Nursing home administrators’ specific duties can include developing and managing budgets, managing staff, implementing programs, interacting with residents and families, and ensuring the facility is in compliance with laws and regulations. The National Association of Long Term Care Administrator Boards administers certifying exams for this profession.

Median Annual Salary: $97,490

The Highest-Paying Graduate Healthcare Management Jobs

Executives in the upper echelons of healthcare management usually have education and training beyond a bachelor’s degree. Many have master’s degrees and significant industry experience.

A master’s degree in healthcare management develops leaders who have advanced business and healthcare expertise. Learners acquire skills like financial reporting and analysis, systems and operations management, and strategic planning, all in a healthcare context. Students can pursue degrees such as a master’s in healthcare management or a master of business administration in healthcare.

Top Graduate Healthcare Management Jobs
RankCareerAverage Annual Salary
1Hospital Chief Executive Officer $258,900
2Chief Nursing Officer$155,833
3Hospital Chief Financial Officer$123,586
4Health Services Administrator$109,274
5Operations Manager$129,330
Sources: BLS and ZipRecruiter

1 | Hospital Chief Executive Officer

Healthcare chief executive officers (CEOs) lead and manage the overall operations of hospitals and other healthcare facilities. Their responsibilities include strategic planning, financial management, and the appointment of senior executives.

A healthcare CEO usually has a graduate degree such as a master’s degree in healthcare management, as well as substantial experience in the worlds of business and healthcare. This leader may also be a trained physician or other healthcare professional. CEOs and other top healthcare executives must demonstrate excellent leadership, problem-solving, and decision-making skills to succeed.

Some CEOs move up from mid-level managerial positions within their organization, while others are recruited from outside of the organization.

Median Annual Salary: $258,900

2 | Chief Nursing Officer

The chief nursing officer (CNO) leads nursing departments in hospitals, health systems, and other healthcare facilities. As a senior executive, the CNO manages and directs the nursing staff, ensures high-quality patient care, implements policies and procedures to maximize performance, and manages and allocates financial and other resources.

Requirements to become a CNO can include a graduate-level degree in nursing, such as a master of science in nursing or a doctorate of nursing practice degree. Many of these programs have specialized leadership tracks that prepare nurses for senior roles.

Median Annual Salary: $155,833

3 | Hospital Chief Financial Officer

Chief financial officers (CFOs) are responsible for managing a company’s finances and maintaining its fiscal health. CFOs oversee the organization’s income and expenses, prepare financial statements and forecasts, ensure adherence to laws and regulations, and develop a company’s investment strategy.

Financial managers often have a master’s degree in finance, economics, accounting, or a related field, and at least five years of experience. Those working in healthcare management will likely have experience in this sector, though it may not be required.

Financial managers have strong analytical and communication skills. Many hold certification from professional organizations such as the Healthcare Financial Management Association or a more general organization like the CFA Institute.

Median Annual Salary: $123,586

4 | Health Services Administrator

Health services administrators, also known as healthcare administrators or health services managers, play a critical role in healthcare delivery. They design and develop policies, initiatives, budget priorities, and more, all with the goal of optimizing patient care and the patient experience.

These professionals understand the complex world of healthcare laws and regulations and work to ensure their institution remains responsive and compliant.

Median Annual Salary: $109,274

5 | Operations Manager

Operations managers oversee the day-to-day operations of healthcare facilities. These specialists manage budgets and other resources, including staff, supplies, and equipment. They often implement initiatives like quality improvement procedures for effective healthcare delivery.

Operations managers must have excellent skills in areas such as budgeting and resource management, planning, and organization. Some operations managers may have only a bachelor’s degree, but a more advanced degree can make a difference if you’re looking to reach the top levels of the profession.

Median Annual Salary: $129,330

Frequently Asked Questions About Healthcare Management Jobs

There are many high-paying jobs in healthcare management, depending on your education and area of specialization. The highest-paying healthcare management job is hospital CEO, with an annual average salary of $258,900. That number can increase substantially depending on education, experience, and the facility size.