Radiologists’ yearly income decreased by 2 percent in 2013, to an average of $340,000, according to Medscape’s annual physician compensation survey.
Radiologists still enjoyed the fifth-highest income among specialists, behind orthopedists ($413,000), cardiologists ($351,000), urologists ($348,000), and gastroenterologists ($348,000). They ranked slightly lower—seventh—among specialists in feeling fairly compensated. Only 53 percent of radiologists said their compensation was fair, putting them behind dermatologists (64 percent), emergency medicine specialists (61 percent), pathologists (59 percent), psychiatrists and other mental health specialists (59 percent), anesthesiologists (54 percent), and pediatricians (54 percent).
The Medscape Physician Compensation Report 2014 is based on a survey of 24,075 physicians done online from December 11, 2013, through January 24, 2014. You can find the specific results relating to radiology here.
Female radiologists earn significantly less than men: $316,000 compared with $347,000. However, Medscape reported that 61 percent of female physicians are younger than 45 versus 38 percent of male physicians. That undoubtedly affected the earnings. And Medscape quoted Judy Aburmishan, a partner in FGMK, a Chicago accounting and consulting company that represents physicians and other providers, as saying that the difference will likely decrease:
As increasing numbers of doctors start working regular set hours for large health systems, there’s little variance in income based on sex.
Incidentally, more female than male radiologists reported being satisfied with their incomes, 55 percent to 52 percent. And self-employed radiologists outearned employed radiologists, $387,000 to $301,000.
Here are radiologists’ incomes by geographical area:
And here’s the breakdown by practice setting:
Asked what would happen if they could replay their lives, 45 percent of the radiologists said they would again choose medicine as a career, 54 percent said they would choose the same specialty, and only 26 percent said they would choose the same practice setting.
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Related CME seminar (up to 35.25 AMA PRA Category 1 credits™): UW Radiology Review Course “Not Just for Residents”