How Much Do Practice Managers Make?

Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary practice managers make, you've come to the right place.

Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for practice managers and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of practice managers are offering as compensation.

Keep reading to learn more about how much practice managers can expect to make in the United States.

At a Glance: Salary & Jobs for Practice Managers

According to data from 2022, there were about 491,214 positions for practice managers in the United States. In terms of salary, the national median salary for practice managers was reported to be $104,832. Additionally, when examining job demand, employers across the country posted 420,130 job postings related to positions for practice managers.

How Much Money Do Practice Managers Make?

Median salary is just one data point. To build a better understanding of how much money practice managers and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.

Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for practice managers.

Annual Salary for Practice Managers

According to the BLS, the lowest earners for practice managers and related professions earned about $64,106 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $209,997 annually.

As mentioned previously, the median salary for practice managers in the United States in 2022 was $104,832.

Hourly Salary for Practice Managers

The BLS also breaks down compensation for practice managers by hourly salary, and the median average hourly pay for practice managers in 2022 was $50. Lowest hourly earners took home $31 while the highest reported hourly salaries for practice managers was $101.

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Degree Options for Practice Managers

Advertised Compensation for Practice Managers

Data from the BLS is one way to dig into compensation for practice managers, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for practice managers.

Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™

Annual Salary from Job Postings for Practice Managers

During a review of 711,071 job postings related to practice managers, advertised salary was included in 120,757 of them, which was 17%. Based on those postings, the median advertised salary for practice managers was $89,984 per year.

Hourly Salary from Job Postings for Practice Managers

A similar analysis of job postings provides insight into advertised hourly salary for practice managers. Based on 29% of postings with advertised compensation, the median hourly salary for open positions for practice managers in the United States is about $43.

Salary Trend for Practice Managers

If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for practice managers. The chart below provides a snapshot of advertised salaries over the past three years.

Based on compensation data that was included in job postings for practice managers dating back to September 2019, advertised salaries for practice managers have increased 9%.

What's the Job Growth for Practice Managers?

Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for practice managers over the next 10 years.

According to the data obtained through Lightcast,™ there were 492,025 jobs for practice managers in the United States in 2022. By 2032, it is expected that about 158,584 jobs will be added. That's a 32.2% increase over the next 10-year period.

Additional Links

Ready to dig deeper into career information about practice managers? Visit our other pages focused on salary and education for practice managers.

What do practice managers do?
Practice Managers: How do you become one?

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