Growth Trends for Related Jobs
When the elderly require some assistance with meals or household chores, they may choose assisted living facilities. Executive directors who work in these facilities oversee all operations and ensure patients receive the care they need. Assisted-living executive directors also hire, train and supervise staff members, manage the budgets, and ensure their facilities comply with state and federal regulations. If you want to become an assisted living executive director, you can expect to earn more in certain states.
The average annual salary for an assisted living executive director was $80,000 as of 2013, according to the job site Indeed. To qualify for this job, you need the minimum of an associate degree in health services, public health or assisted living administration, although employers may prefer that you have a bachelor's degree in one of these majors. Assisted living facilities may also prefer that you have two or more years of experience running a nursing home or assisted living facility. Other important qualifications for this position include an attention to detail and analytical, communications, supervisory, time management, problem-solving, decision-making and computer skills.
Top Pay in New York
In 2013, average annual salaries for assisted-living executive directors varied the most in the West, according to Indeed, where they earned the lowest salaries, $51,000, in Hawaii, and the highest, $84,000, in California. If you worked as an assisted-living executive director in Maine or New York, you'd earn an average of $68,000 or $96,000, respectively -- the lowest and highest salaries in the Northeast. In the Midwest, you'd make the most in Illinois or least in Nebraska or South Dakota, at $58,000 or $86,000, respectively. These executive directors earned $68,000 to $95,000 in Louisiana and Washington, D.C., respectively, which were the lowest and highest salaries in the South.
Earn Less Than Medical and Health Services Managers
While assisted-living executive directors made $80,000 on average in 2013, the U.S. Bureau of Labor Statistics reported average annual salaries of $98,460 for medical and health services managers as of May 2012, which included nursing home administrators and clinical managers. Medical and health services managers earned average salaries of $88,670 working in the home health care industry, while those in nursing homes made $82,240. Some assisted-living facilities are small compared to nursing homes -- with 10 beds, for example. These smaller facilities might pay less because they generate less revenue than larger facilities.
Growing Number of Jobs
The BLS doesn't forecast jobs for assisted-living executive directors. It predicts a 22 percent increase in jobs for medical and health services managers through 2020 -- an above-average growth rate. Population increases among baby boomers will increase the number of medical treatments throughout the United States in the next decade. Some of these patients will require living assistance to perform more difficult tasks such as cooking meals or taking medicines on time, which may increase job opportunities for assisted-living executive directors.
- U.S. Bureau of Labor Statistics: Occupational Outlook Handbook: What Medical and Health Services Managers Do
- U.S. Bureau of Labor Statistics: Occupational Outlook Handbook: How to Become a Medical or Health Services Manager
- U.S. Bureau of Labor Statistics: Medical and Health Services Manager: Job Outlook
- U.S. Bureau of Labor Statistics: Occupational Employment Statistics: Medical and Health Services Manager
- Indeed: Assisted Living Executive Director Salary
- Indeed: Assisted Living Executive Director Salary in Maine, and New York
- Indeed: Assisted Living Executive Director Salary in Hawaii, and California
- Indeed: Assisted Living Executive Director Salary in Louisiana, and Washington, DC
- Indeed: Assisted Living Executive Director Salary in South Dakota, Nebraska, and Illinois
- Helpguide.org: Assisted Living Facilities: Tips for Choosing a Facility and Making the Transition
- AssistedLivingFacilities.org: The Different Roles of Assisted Living Staff
- Monster: Meridian Senior Living: Executive Director, Assisted Living
- Maryland Health Care Commission: Consumer Guide To Long-Term Care: Assisted Living