Median Compensation Controlling for Education and Experience ($)
In 2022, the American College of Healthcare Executives led the sixth in a series of studies conducted over the past 30 years comparing career attainments of healthcare executives by race/ethnicity. Questionnaires were sent to comparative samples of Asian, Black, Hispanic/Latino and white healthcare executives. Of the 9,416 ACHE members who were successfully sent the survey, 2,527 responded, yielding a 26.8% response rate. These responses were supplemented by a small number of responses from an earlier questionnaire pretest and a sample of executives provided by the National Association of Health Services Executives.
Among the many aspects of career progression examined in the survey was median compensation received in the previous year. The results of our examination of respondent median compensation by race/ethnicity are shown in the table below. To allow a fair comparison, salary data were weighted to control for education and experience. The table also contains data from two previous studies for context.
In 2021, white respondents as a group received the highest median compensation when controlling for education and experience. Asian respondents earned the second highest level of compensation, Black respondents the third and Hispanic/Latino respondents the fourth. This is a change from 2013 when median compensation calculated for Asian, Hispanic/Latino and white respondents was similar. Controlling for education and experience, the median compensation for Hispanic/Latino respondents in 2021 is relatively unchanged from that reported in 2013. For members of the other racial/ethnic groups studied, median compensation reported by respondents has increased over this time period.
ACHE thanks the executives who responded to this survey for their time, consideration, and service to their profession and to healthcare leadership research. ACHE also wishes to thank the National Association of Health Services Executives, the National Association of Latino Healthcare Executives, the Institute for Diversity and Health Equity and ACHE’s Asian Healthcare Leaders Community Committee for their support of this study.
Among the many aspects of career progression examined in the survey was median compensation received in the previous year. The results of our examination of respondent median compensation by race/ethnicity are shown in the table below. To allow a fair comparison, salary data were weighted to control for education and experience. The table also contains data from two previous studies for context.
In 2021, white respondents as a group received the highest median compensation when controlling for education and experience. Asian respondents earned the second highest level of compensation, Black respondents the third and Hispanic/Latino respondents the fourth. This is a change from 2013 when median compensation calculated for Asian, Hispanic/Latino and white respondents was similar. Controlling for education and experience, the median compensation for Hispanic/Latino respondents in 2021 is relatively unchanged from that reported in 2013. For members of the other racial/ethnic groups studied, median compensation reported by respondents has increased over this time period.
ACHE thanks the executives who responded to this survey for their time, consideration, and service to their profession and to healthcare leadership research. ACHE also wishes to thank the National Association of Health Services Executives, the National Association of Latino Healthcare Executives, the Institute for Diversity and Health Equity and ACHE’s Asian Healthcare Leaders Community Committee for their support of this study.