The Minnesota Department of Employment and Economic Development (DEED) ranked healthcare administration as number 14 on its list of high paying and high growth occupations. According to DEED, the median salary among healthcare administrators in Minnesota was $92,789 as of 2015.
Experienced healthcare administrators (90th percentile) in Minnesota earned 2.76 times more on average than their colleagues just entering the field (10th percentile). Healthcare administrators in Minnesota with salaries within the 90th percentile (typically experienced) earned $157,373 on average, while healthcare administrators with salaries within the 10th percentile (typically entry-level) earned $57,117 on average.
Job Opportunities for Healthcare Administrators are Increasing in Minnesota
The Minnesota Department of Employment and Economic Development (DEED) gave a five star rating to the healthcare administration profession, projecting that the job growth rate for this field will be well above the state’s average job growth rate. In fact, this agency expects the number of positions for healthcare administrators to increase by 17.4% between 2012 and 2022, a rate that is nearly 2.5 times faster than the overall job growth rate in Minnesota.
The increase in the number of jobs for healthcare administrators should be even higher in particular regions of Minnesota:
- Seven County Minneapolis-St. Paul: 6%
- Central Minnesota: 21%
- Southeast Minnesota: 8%
Job prospects in healthcare administration always align with overall job growth in the healthcare sector. General employment in Minnesota’s hospitals is expected to increase by 18.9% between 2012 and 2022 according to the DEED, which is expected to contribute to the demand for healthcare administrators.
Other major employers of healthcare leaders in Minnesota should also see significant increases in general employment during this ten-year period. Positions at ambulatory care facilities are expected to increase by 25.5%, while those in nursing and residential care facilities are expected to increase by 15.8%.
Location Greatly Affects the Salaries of Minnesota’s Healthcare Administrators
The salaries of healthcare administrators in Minnesota vary greatly depending on location. The median salary among healthcare administrators in Rochester was the highest. This value was more than $45,000 higher than the median for healthcare administrators in La Crosse, the area with the lowest median salary:
- Rochester: $114,388
- Saint Cloud: $109,941
- Southeast Minnesota: $102,045
- Seven County Minneapolis-St. Paul: $95,451
- Minneapolis-St. Paul: $95,160
- Central Minnesota: $92,581
- Grand Forks: $87,776
- North West Balance of State: $87,589
- Duluth: $86,882
- Northeast Minnesota: $86,237
- Northwest Minnesota: $86,174
- Northeast Balance of State: $84,989
- Fargo-Moorhead: $81,411
- Southeast Balance of State: $80,517
- Southwest Balance of State: $75,275
- Southwest Minnesota: $75,026
- Mankato: $73,070
- La Crosse: $68,682
Shown below for comparison is a detailed analysis of the salaries of healthcare administrators in the major metropolitan and nonmetropolitan areas of Minnesota as of 2014 (US Bureau of Labor Statistics):