Hematologists employed in the United States earn an average annual salary of $245,000 according to the salary information provided by ValueMD, with top salaries for the profession reaching $685,000 a year.
Hematology doctors’ salaries can vary depending on a wide range of factors, from geographical location, industry, and employer type to the size of the organization that employs them, and years of work experience in the field. Based on the salary data reported by Salary.com, 10% of the best paid hematologists earn $412,754 a year or more, while the 10% of professionals on the lower end of the pay scale make $165,068 a year or less.
Salary range
The salary range for the middle 50% of hematology doctors goes from $213,463 to $343,112 a year not including bonus earnings: 25% of hematologists earn up to $213,463 annually, and 75% have salaries amounting to up to $343,112 a year according to the salary figures reported by Salary.com.
Including the yearly bonus earnings, the median annual salary for hematologists is $279,983 a year according to the data provided by Salary.com. 10% of hematologists earn salaries in the amount of $425,818 a year or more, and the 10% on the lower end of the scale report being paid an income of up to $169,020 annually. 25% of hematology physicians make $221,901 or less, and 75% earn salaries of up to $356,318 a year according to Salary.com. In other words, the middle 50% of these specialists earn salaries in the range from $221,901 to $356,318 a year including bonuses.
Starting salary
The average starting salary for hematologists and medical oncologists in their first year on the job is $222,000 a year according to the salary figures reported by the recruitment agency Profiles. The median salary for hematology doctors who are just starting out is $181,348 a year according to ValueMD.com.
Average salary
The average salary for hematologists working in the United States is $137,500 a year according to Payscale’s salary data, $266,619 a year according to the salary figures reported by Salary.com, $266,000 a year according to HealthcareWorkerSalary.com, $314,800 a year after six years of practice according to the recruitment firm Profiles, $381,992 a year according to the Medical Group Management Association (MGMA), $200,000 a year according to the data reported by Indeed, and $320,907 a year according to the American Medical Group Association (AMGA).
Hematologists’ average annual salary can vary considerably depending on work experience. The results of a salary survey conducted by Allied Physicians reveal that hematology doctors with 1 to 2 years of experience earn a median yearly income of $181,348, while physicians with more than three years of work experience are paid $245,000 a year on average. With significant experience in the field, the top salaries for this occupation can eventually reach $685,000 a year.
Salary by state
Hematologists’ salaries depend on geographical location, and can vary considerably from state to state. Hematology doctors employed in Texas earn $194,000 a year on average, those based in California make 217,000 a year on average, and professionals working in New York are paid around $243,000 a year according to the salary data provided by Indeed.
Hematologists working in Maine earn around $172,000 a year, those based in Florida are paid $189,000 annually on average, and physicians working in Washington earn an average yearly salary of $198,000. Hematology specialists working in Alaska earn a median annual salary of $157,000, those working in Illinois are paid around $221,000 a year, and professionals based in Hawaii make $130,000 a year on average.
Hematologists employed in New Jersey earn $216,000 a year on average, those based in New Hampshire make $197,000 annually, and professionals based in Nevada are paid around $166,000 annually. Hematology doctors employed in Alabama earn an average annual salary of $200,000, those based in Arizona make $171,000 a year on average, and physicians working in Delaware are paid an annual income of $181,000 on average according to the salary data provided by Indeed.
Hematologists working in Louisiana earn an average annual pay of $172,000, those employed in Massachusetts are paid around $237,000 annually, and professionals based in Michigan earn a median annual income of $202,000.
Hematology doctors based in Vermont earn around $180,000 annually, those working in Pennsylvania are paid $188,000 a year on average, and doctors employed in Connecticut earn an average yearly salary of $226,000 based on Indeed’s salary data.
Salary by city
Hematologist salaries can also vary from city to city. Hematology specialists based in New York typically earn around $259,000 a year, those working in Los Angeles are paid $205,000 a year on average, and physicians employed in Atlanta earn a median annual pay of $238,000 according to the salary figures provided by Indeed.
Hematologists working in Boston earn around $239,000 annually, those working in Dallas are paid $196,000 a year on average, and professionals based in Houston earn an average annual salary of $214,000.
Hematology physicians working in Chicago earn $226,000 a year on average, those based in Miami are paid around $183,000 a year, and doctors employed in Philadelphia earn an average yearly income of $199,000.
Hematologists working in San Francisco earn around $259,000 a year, those based in Seattle make $205,000 annually on average, and physicians employed in Washington earn an average yearly pay of $238,000 according to the salary data reported by Indeed.
Hourly rate
The average hourly wage for hematology doctors employed in the U.S. is $128 according to the salary data reported by HealthcareWorkerSalary.com.
The 10% of the best paid hematologists earn $198 or more per hour, and the 10% on the lower end of the scale are paid up to $79 per hour. The middle 50% of hematology specialists earn an hourly salary in the range from $102 to $165.
Benefits
Hematologists typically get a wide range of benefits along with their annual income. The benefits packages for these professionals usually include social security, 401(k) or 403(b) plans, healthcare, disability insurance, pension, and time off. The average value of benefits packages for hematology physicians working in the United States is around $79,500 according to the data reported by Salary.com.
Along with a variety of perks and benefits, hematologists also get time off each year. Based on Payscale’s data, physicians with 5 to 9 years of experience report having six vacation weeks per year on average.
Other income factors
Along with the base salary, which amounts to $266,619 a year according to Salary.com, hematologists also receive annual bonus payments, which amount to $13,364 a year on average.
Hematology doctors with 5 to 9 years of experience earn $5,000 on average in bonuses according to Payscale’s salary data. Hematologists specializing in oncology and professionals employed at general hospitals report getting around $2,500 a year in bonus money.
Bonuses also vary from industry to industry. Hematology physicians employed at hospitals typically get around $2,500 a year, and professionals working in the health care sector are paid $5,000 a year on average in bonuses according to the salary figures reported by Payscale. Hematologists who have a registered retirement savings plans (RRSP) are paid $5,000 a year on average in bonus money.