Radiologist Salary
Radiologist salary
The radiologist salary can vary quite a bit depending on several factors. Those factors include, experience, education, specialty, location and whether or not you choose to work in private practice,a public hospital or with the government.
Obviously, the more experience you have the money you are most likely to make. Brand new graduates will typically have a starting radiologist salary ranging from around $43,0000 to $50,000 per year depending on location. The hours are very long for radiology residents. 60 plus hours a week are common. There is no pay for overtime.
Many radiology residents may also be offered additional compensation to specifically pay for medical text books. Which can cost hundreds of dollars. In addition they may also be given laptops as well.
Because residency pay is so low, many will opt to take on “moonlighting” jobs. This means radiology residents will either at the current hospital of residency or another facility take on jobs in radiology to make extra money. Moonlighting can be quite lucrative. However, due to the workload at their primary residency position, most will only moonlight every now and then just to make extra money when needed.
Even still the salaries are not bad. Compared to say someone graduating from one of many medical technician schools. The average salary for the position of medical technician averages around $32,000 per year.
The number of years required to become a radiologist is long and very difficult for many. But for those that are able to stick it out, their salaries can increase significantly over time.
Experience
The more education a radiologist has the more money he or she is expected to make. The basic educational requirements in order to become a radiologist are as follows:
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You must become a licensed physician before you can begin training to become a radiologist.
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Your undergraduate curriculum should prepare you for medical school.
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Complete an additional 4 years in medical school but should be in a radiology residency program prior to graduation.
The radiologist salary while in residency, which can last 4-5 years, will vary. During residency you are essentially learning about radiology , attending lectures, improving their ability to interpret and scan x-rays, MRI’s, CT, and ultrasounds. During these years of residency salaries will increase based on their PGY which stands for “post graduate year.”
Here are typical average PGY salary scales. But keep in mind these salaries vary depending on the institution as well as location. But should give you a pretty good idea of what to expect.
PGY1…….$43,080
PGY2…….$43,596
PGY3…….$44,955
PGY4…….$45,895
PGY5…….$47.975
PGY6…….$50,500
In addition to a salary, a resident radiologist would also enjoy the same full benefits that any full time employee in most other careers would be given. This would include a retirement fund, health insurance, life insurance, long term disability, family benefits if applicable, tax annuities and dental and vision coverage. Many hospitals also provide career guidance.
Now once you’ve finished your residency requirements you are free to pursue employment in the public sectors or you may choose to go into a private practice of your own. You may also choose to specialize, in pediatric, diagnostic or nuclear radiology.
Here are some average radiologist salary ranges in different scenarios
Governmental Institutes
Typically, radiologists working for various government institutions, VA hospitals for example, will earn a radiologist salary on average around $65,000 per year. If you should choose to work for government owned facilities, you can expect to earn significantly less than radiologists working in non government facilities and private practice. Although you are a radiologist, when employed by the U.S. government you are also a government employee. Therefore your salary increases are not based on performance but on the available budget for your position.
Public Hospitals
The salary range for a radiologist working in a hospital will depend heavily on experience and education. But for the most part you can expect a starting salary in the neighborhood of about $75,000.
Private Hospitals-Various Institutes of Learning-Clinics
Working in one of these organizations, a radiologist’s salary takes a huge jump. The average salary can be anywhere from $150,000 to well over $300,000 per year.
Private Practice
Many radiologists will choose to start their own private practice. If this is an option for you, keep in mind it is more than just finding office space. You are also running a business and will have the same issues as any other business owner would have to deal with. As challenging as starting a private practice is initially, the potential income is a major motivation.
The radiologist salary in private practice can earn $500,000 or more per year.
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