Employment projections published in 2010 by the U.S. Department of Labor show jobs in the healthcare and medical sector growing faster than averages from other industries. Higher average wages also reflect the growing need for more workers with the field and offer a good return on these 5 medical field careers worth the tuition fees:
Medical Billing and Coding
Workers in the field of Medical Billing And Coding are information specialists. According to the Bureau of Labor Statistics (BLS), in 2010, the annual median wage was $32,350. Education programs typically take 10 months to two years to complete, with total education costs ranging between a few hundred dollars to several thousand dollars. With low education costs and high-growth potential, a career in medical coding and billing offers a great return on initial investment.
Medical assistants provide administrative support and engage in clinical duties in healthcare facilities. Typical education requirements include a diploma or an associate’s degree that leads to certification. The BLS reports an annual median salary of $28,869 as of 2010. Education costs are minimal and job security in the filed is high, making this career choice cost effective.
Paramedics, with a $30,360 annual salary as of 2010, enjoy low education costs in addition to projected job growth of more than 30 percent between 2010 and 2020. An associate’s degree along with certification is required, making this position a good investment of education dollars.
Demand for nurses will increase by 711,900, according to BLS projections for 2010 to 2020. With an annual median salary of $64,690 in 2010, a career in nursing quickly pays for the cost of an associate’s or bachelor’s degree, necessary for entry into the field. Additionally, RNs may choose to earn a master’s degree to increase wages and specialty career options.
According to the BLS, as of 2010, the annual median salary for Physician Assistants was $86,410. PAs must complete a master’s degree in a physician assistant program. Employee-sponsored grants and financial aid may cut the cost of tuition, making this field lucrative with a potentially low financial investment.
Paying for a medical career education pays off for most jobs in the medical sector. High-growth projections and increasing wages for workers provides a plethora of choices and opportunities for new workers entering the workforce and for experienced workers hoping to progress within the medical field.
What are your thoughts on entering the medical field?