Physicians in top management positions who hold a master's degree in business administration earn almost 35% higher salaries than doctors in comparable jobs with no advanced business or management degree, according to a national survey released exclusive to Modern Healthcare. Doctors with MBAs who serve as CEOs or presidents of hospital organizations earned median compensation of about $350,000, compared with about $260,000 for physicians in those positions without similar degrees. Top physician executives with master's degrees in healthcare administration earned about $300,000 a year, according to Cejka Search and the American College of Physician Executives. Median compensation for physicians serving as CEOs or presidents of hospital organizations, regardless of degree, jumped about 42% to $313,000 in 2002, but officials cautioned that the category included only 15 respondents. Overall, compensation for physician executives increased about 7% from 2000 to 2002, the survey showed. Median compensation for all physician executives was $225,000, compared with $153,000 for clinical primary-care physicians. The survey received 2,060 responses overall. -- by Michael Romano
MBAs prove profitable for physician execs: survey
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