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Is a Health Care Management Degree the Right Choice?

The effective and efficient use of the health care system is one of the most quickly trending topics in today’s society. As baby boomers retire and technology changes the industry, the health care management field in Media is set to change and grow. With this growth and change comes a tremendous opportunity for students who specialize in health care management. According to the Bureau of Labor Statistics, the health care management field is poised to grow much faster than the average at a rate of 23%. Continue reading to learn more about this field and the opportunities within.

The Responsibilities of Health Care Management Professionals

Health care management professionals are also known as health care administrators or health care executives. These professionals direct, plan, and coordinate health and medical services. Health care managers may also be responsible for managing an entire hospital or medical facility, manage a physician’s practice, or manage a specific department or clinical area. With the laws for health care administration quickly changing, these professionals must have the aptitude to quickly understand and implement these changes in respect to technology, laws, and regulations.

Vast Array of Careers in Health Care Management

A career in health care management in Media is typically focused on the efficient running of the business operations of nursing homes, hospitals, and other medical facilities. These career opportunities can vary in scope, including human resources, legal, and financial aspects. However, these careers are ideal for those who have a passion for caring for and helping others as well as those with an innate desire to increase the efficiency of a business. With a health care management degree, the individual can work in mental health facilities, medical practices, large hospital, healthcare suppliers, and a wide range of additional options. As a result of this vast array of opportunities, it’s an exciting and promising time for students to pursue their health care management degree in Media.

Highly Competitive Salary

Individuals with a health care management degree in Media are able to demand a significantly higher salary than other health care workers because of their specialized knowledge. According to the U.S. BLS, medical and health services managers average a highly competitive salary of $88,580.  In addition to the salary, health care management professionals have access to jobs in every state and in practically every country.

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Technology School Has Advantages Over College or University Studies

For many, getting a degree from a technology institute is better than a college degree because a degree from a college is not as specialized. Many college degrees do not provide the student with the specific training necessary or job skills that are most desirable to potential employers.

A Traditional College Degree is Very Expensive
CollegeData reports that the cost of attending a public state college for each year is $23,410. For a private university, the cost for each year is $46,272. This means a degree after attending four years at a state college is $93,640 and at a private university is $185,088. Only 40% of students receive a degree after attending school for four years. Many go to college or university for six years or longer.

The Wall Street Journal says the student loan debt averages $35,000 for each student. More than 70% of students have student debt when they leave school. The debt for college students that take a long time to finish school is greater. There is also the higher cost of student loan interest paid over a twenty-year loan period.

Tech Schools Have Two-Year Programs
Students at tech schools get student loans also, but many tech degree programs are only two years long. Most students finish in two years, and then get a job right after leaving school. This means less time studying at college and more time earning money from a good job.

When comparing the high cost of a traditional college degree and the earning potential of jobs available, many students choose to train and get a degree certification from a technical institute instead.

Job Availability for Tech School Graduates is Better
Bloomberg says that many with college degrees have difficulty finding a job. They are either unemployed or work in an under-employed fashion in a job that does not require a college degree.

The opposite is true for those with technology degree certificates. Many good jobs are available for those who graduate from a technology institute. For example, those that get a degree certification for health care jobs find many good jobs available in health care management in Philadelphia.

Summary
It is important for students to consider all the future possibilities when deciding to enter college, university, or to attend a technology institute. Jobs in the skilled trades are in high demand. However, simply having a college degree does not necessarily qualify a person for those jobs. Employers want to see entry-level applicants with the training in specific jobs skills that make them a valued potential employee.

 

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