Oncology is considered as one of the most interesting and challenging field in medicine. Physicians who specialize in this area are highly trained and skilled in providing treatments and procedures to cancer patients. They are also the ones who conduct staging and metastasis of the deadly cells in the body. Because of the difficult and numerous responsibilities they shoulder, you might be wondering what the salary of an oncologist is. To answer your question, read this article and see for yourself if this is a rewarding profession.
How much does an oncologist make?
Factors such as area of specialization, geographical location, length of experience and educational attainment could affect an oncologist’s earnings. However, to give you an estimation and average set of numbers, their salary could start from $200,000 to as high as $400,000 annually.
- Having one to four years of work experience could give you a salary of $100,000 to $240,000 per annum. While those who had been in the profession for more than ten years are entitled yearly earnings of more than $300,000.
- If we base it on the area of specialization, those who prefer to work as Gynecologic Oncologists are paid $209,000 to $317,000 per year. Physicians who specialize in Radiologic Oncology earn $240,000 to $385,000 annually. Medical Oncologists are reported to have a salary of $180,000 up to as high as $600,000 per annum. On the other hand, those who prefer to work with pediatric patients gain annual earnings of $340,000.
- The geographical location does not have a big impact on the difference in an Oncologist’s salary. For major cities in the United States, they offer an annual wage of $200,000 to $300,000. According to statistics, the highest paying state for oncologists is Atlanta which pays from $130,000 to $300,000 per year. In comparison, Chicago offers the lowest salary ranging from $45,000 to $200,000 annually.
- Self-employed practitioners earn from $50,000 to $200,000. While those who are hired by health institutions, colleges and universities, non-profit companies and private practice firms are paid $150,000 to $300,000.
- Believe it or not, gender also affects the rate for oncologists.
As an important part of the heath care team, oncologists also enjoy the perks and benefits of their profession which includes: cash bonuses and paid vacations.
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