Health and Medical Administrative Services Degree from Ball State University Return on Investment
See what the return on investment is for jobs that someone with a Health and Medical Administrative Services degree from Ball State University is likely to work in.
Top job projections for graduates in health and medical administrative services from ball state university
Medical and health services managers
Projection Rating: A-
Median Annual Wage: $110,680
Percentage of Paycheck to Repay: 8.28%-6.16%
Employment Change: 160.6%
Entry-Level Education: Bachelor's degree
Medical secretaries and administrative assistants
Projection Rating: C
Median Annual Wage: $40,640
Percentage of Paycheck to Repay: 22.55%-16.78%
Employment Change: 41.3%
Entry-Level Education: High school diploma or equivalent
Investing in a Health and Medical Administrative Services degree from Ball State University is a decision that pays dividends well beyond graduation. With the healthcare industry continuously evolving, the demand for skilled professionals in administrative roles is at an all-time high. This degree not only equips students with essential knowledge and skills but also offers a substantial return on investment (ROI) for graduates.
One of the primary factors contributing to the ROI of a Health and Medical Administrative Services degree is the competitive salary potential. Graduates can expect to enter a field where the average salary for medical and health services managers is significantly higher than the national average. According to the U.S. Bureau of Labor Statistics, the median annual wage for these professionals is over $100,000, making it a lucrative career choice.
Additionally, the job outlook for healthcare administrators is exceptionally promising. The sector is projected to grow by 32% from 2020 to 2030, much faster than the average for all occupations. This growth is driven by an aging population, the need for healthcare services, and the increasing complexity of healthcare regulations, ensuring that graduates from Ball State University will have ample job opportunities upon completion of their degree.
Ball State’s comprehensive curriculum prepares students with practical skills in healthcare management, finance, and policy, making them well-equipped for various roles in hospitals, clinics, and health organizations. The university’s emphasis on experiential learning through internships and real-world projects enhances students' resumes, increasing their employability post-graduation.
Moreover, the networking opportunities available at Ball State University, combined with its strong alumni network, create pathways for graduates to connect with industry leaders and potential employers, further enhancing their career prospects. These connections can lead to job placements that yield higher salaries and faster career advancement.
In conclusion, a Health and Medical Administrative Services degree from Ball State University not only provides students with a solid educational foundation but also promises a significant return on investment through high earning potential, strong job growth, and valuable networking opportunities. As the healthcare industry continues to expand, graduates will find themselves at the forefront of this dynamic field, ready to make a meaningful impact.
Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.