Dermatologist salaries can range from under $100,000 a year to more than $750,000 a year depending on a number of factors. The 2013 Dermatologist Compensation Report released by Medscape reveals that only 12% of dermatology doctors earn annual salaries under $100,000, while 1% of these professionals earn more than $750,000 a year.
Based on the salary data from Medscape’s report, 5% of dermatologists earn between $100,000 and $150,000 a year, a further 5% earn from $150,000 to $200,000 a year, and 18% make between $200,000 and $250,000 a year.
12% of the dermatologists included in the survey are paid between $250,000 and $300,000 annually, and 11% report an annual pay in the range from $300,000 to $350,000.
On the upper end of the scale, 9% of the dermatologists surveyed make between $350,000 and $400,000 a year, 11% have earnings between $400,000 and $500,000 a year, and 8% earn from $500,000 to $600,000 a year. 7% have an annual income in the range between $600,000 and $700,000, and 2% are paid between $700,000 and $750,000 annually.
48% of the dermatologists who were included in Medscape’s survey reported that their earnings remained the same from the previous year, while 23% said that their annual salary increased by up to 10%, and 13% eported a decrease of up to 10%. 9% of dermatology doctors saw a salary decrease of more than 10%, and 7% had their annual pay increase by more than 10%.
The average salary of a dermatologist depends on a wide range of factors, from location and employer type to specialization and years of experience. Dermatologists with 1 to 4 years of experience typically earn between $76,596 and $357,450 a year, those with 5 to 9 years of experience make from $80,000 to $421,800 a year, professionals with 10 to 19 years of experience are paid between $151,221 and $352,944 annually, and those with 20 or more years of experience under their belt report an annual income in the range from $121,641 and $499,446 according to Payscale.
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Professionals working at dermatologists’ offices generally earn from $76,596 to $451,071 a year, while those employed at medical offices are paid between $83,424 and $270,225 a year. General salaries for dermatologists working in the healthcare industry typically range from $121,198 to $461,628 a year according to Payscale.
Average salary
The median salary for dermatologists working in the United States is $223,117 a year according to Payscale, and $301,808 a year according to Salary.com. The average bonuses depend on a variety of factors, including years of experience.
Dermatologists with 1 to 4 years of experience get around $11,000 a year, those with 5 to 9 years of experience get $4,000 a year on average, professionals with 10 to 19 years of experience earn around $10,476 annually in bonuses, and those with 20 or more years of experience report getting $12,000 a year on average according to Payscale.
The median salary for the profession, as reported in the 2013 Dermatologist Compensation Report released by Medscape, is $306,000 a year, with men earning $321,000 a year on average, and women being paid an average salary of $284,000 a year.
Based on the data from the report, dermatologist salaries vary significantly from region to region. Professionals employed in the North East earn an average annual salary of $274,000, those based in the Mid-Atlantic region make $284,000 annually, and dermatologists working in the Southeast earn around $332,000 a year. Professionals employed in the North Central region make $322,000 a year on average. Dermatologists working in the Northwest have an average salary of $286,000 a year, those in the Southwest region make around $321,000 a year, while professionals based in the West region earn $301,000 a year on average.
Starting salary
The average starting salaries for dermatologists with less than a year of experience range from $76,302 to $260,398 a year according to Payscale. These professionals report getting $1,000 a year in bonuses.
The median starting salary for dermatologists following a year of residency or subspeciality training was $280,000 a year in 2010 according to the Medical Group Management Association.
Salary range
Dermatologists typically earn between $77,281 and $448,425 a year including bonuses and profit sharing according to Payscale. The bonuses can amount to up to $97,213 a year, and earnings from profit sharing are generally in the range from $3,250 to $19,500 a year.
The salary range for the profession, as reported by the Modern Healthcare magazine, goes from $313,100 to $480,088 a year.
Benefits
Various benefits packages can reflect a dermatologist’s annual earnings. Dermatology doctors who get 401(k) plans typically have an annual pay in the range from $89,396 to $402,683, those who get malpractice or liability insurance generally earn between $125,838 and $495,518 a year, professionals who get life or disability insurance make between $76,026 and $502,586 a year, those who get paid holidays and vacations are paid between $77,281 and $479,942 annually, and dermatologists who get paid sick leave as part of their benefits package typically have salaries in the range between $152,700 and $325,000 a year according to Payscale’s salary data.
The most popular benefits and perks among dermatologists are 401(k) plans, malpractice and liability insurance, paid vacations, and life and disability insurance.
Hourly wage
The average hourly rate for dermatologists with 5 to 9 years of experience ranges from $34.39 to $203.47 according to salary data provided by Payscale.
Salary by state
Dermatologist salaries can vary significantly from state to state. For example, dermatology doctors employed in New York earn salaries in the range from $177,857 to $305,209 a year, those based in Texas make between $209,000 and $444,000 a year, professionals working in California are paid between $74,497 and $451,005 annually, and those working in Florida report income in the range from $90,000 to $203,473 a year according to Payscale.
Salary by city
New York based dermatologists have salaries in the range from $177,857 to $305,209 a year according to data provided by Payscale.
Other income factors
Employer type is one of the factors that can affect a dermatology doctor’s annual salary. Dermatologists employed by private practices generally earn salaries in the range between $95,000 and $447,964 a year, those working at hospitals are paid between $68,510 and $357,450 annually, and professionals employed by companies report salaries in the range from $20,426 to $469,783 a year according to Payscale’s salary information.
Employer size is another factor that can affect a dermatologist’s salary. For instance, professionals whose organization employs 1 to 9 people typically earn between $120,805 and $441,022 a year, while those working for an organization that has 10 to 49 employees have salaries in the range from $200,000 to $491,318 a year according to information from Payscale.