The health information technology (IT) services industry is extensive, hiring workers from several different backgrounds. These professionals have diverse levels of education and experience, which impacts their potential salaries. Generally those with the most experience have the highest salaries, but salaries also vary by the type of employer.
The health information technology (IT) services industry is large and employs several different types of workers. Those working as senior software engineers or developers, and programmers or IT managers have some of the highest salaries in the industry. According to PayScale.com, individuals in these jobs have respective median salaries of $85,600 and $82,100 as of April 2010. IT project mangers also broke above $80,000 with a median salary of $81,000. The industry also employs health care consultants, who have a median salary of $69,900.
The health information technology (IT) services industry rewards those with more experience with higher salaries, just like those in other career fields. As of April 2010, veterans with 20 plus years of experience have a median salary of $95,500, while beginners in the field (those with less than a year of experience) have a median salary of $46,500. In between the veterans and the newbies, those with 10 to 19 years of experience have a median salary of $86,400 and those with five to nine years of experience have a median salary of $70,100 according to PayScale.
As with many other fields, individuals in health information technology (IT) services with higher levels of education generally have higher salaries than those with a lower level. According to PayScale, those with a master of business administration (MBA) have a median salary of $85,200 and those of a master of science (MS) in computer science have a median salary of $77,200. Of the reported incomes, those with a bachelor of science (BS) in business administration have some of the lowest salaries with a median of $53,800.
There are several employers within the health information technology (IT) services industry. Those in the industry working for the federal government have some of the highest salaries with a reported median of $79,500. Those working of colleges and universities have some of the lowest salaries with a median of $57,600 as of April 2010. According to PayScale, those who work for foundations/trusts or nonprofit organizations have reported median salaries of $71,300 and $72,300.
The health information technology (IT) services industry goes beyond paying their employees just a salary with the inclusion of at least one other benefit. These benefits may include a retirement plan like a 401(k), life and disability insurance, and/or tuition and education reimbursement. Other benefits those in the health information technology (IT) services industry are paid holidays and vacation time, paid sick leave, and a cell phone allowance. According to PayScale, the most common benefits received amongst those in the industry are paid holidays/vacations and a 401(k).
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