Physician Executive Compensation Growth Slow, but Healthy
The difference is even more pronounced at the C-Level. The MBA is the most prevalent post-graduate business degree among C-Level executives and respondents showed that there is a 7% to 28% difference in median compensation between those holding an MBA and those with no post-graduate management degree.
"They will get paid more having an advanced degree," she says. "We have some clients who will require it and we have other clients that don't necessarily require it but prefer it, but will consider applicants based on their experience and what roles they have. So, it depends upon the individual client. It also depends on the scope of the position, how large of a facility it is, what the scope of the responsibility is. If a physician who wanted a leadership role asked me if they should get an MBA I'd tell them they'd get a good return on investment."
For the sake of perspective, the median compensation of $325,000 reported by physician executives keeps them among the top 1% of wage earners in the United States, federal data shows.
John Commins is a senior editor with HealthLeaders Media.
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