Physician executives earn more money with business degrees
Cejka Search, a healthcare executive and physician search organization, recently released its annual Physician Executive Compensation Survey for 2009. Based on a survey of members of the American College of Physician Executives, this group is seeking business degrees; one-third of physician executives (33%) possess an MBA, MMM, MPH, or MHA.
Physician executives are also earning more based on their degrees. For example, they earned more compared to those who didn’t have a post-graduate degree:
- An average of 11% more with an MBA
- An average of 10% more with an MHA
- An average of 8% more with a MMM
"Healthcare organizations are now mandating advanced business degrees in conjunction with strong clinical expertise for their physicians in executive leadership positions," said Lois Dister, executive vice president and managing director with Cejka Search's Executive Search Division in a Cejka press release.
Compare the 2009 results to the 2008 results on blog posts on HospitalistLeadership.com from Cejka Search Manager of Industry Research and Publications Nancy Burns, MBA.
About the Author: Karen M. Cheung is the associate editor for HCPro, Inc., the healthcare compliance publisher, delivering news and information to the hospitalist market with products such as books, e-newsletters, seminars, and broadcast events.
Before arriving at HCPro, Karen served as the news editor for Reviewed.com (including DigitalCameraInfo.com and lead blogger for CamcorderInfo.com), providing unbiased tech reviews for the WashingtonPost.com. Having trained with The Washington Post photo department and earning a B.S. in Journalism from Boston University, Karen has experience with news and commercial photography. During her time in D.C., she covered Capitol Hill and the White House for daily New England newspapers.
