Interventional Radiologist Salary and Top 6 Factors that Can Influence Its Range
Let's face it, the income is the key factor that interests most of us, when we are searching for a perspective occupation or trying to choose the future career. When speaking about the profession of an interventional radiologist, it should be pointed out that the salary is pretty high, as this is one of the most responsible jobs in the medical field. So, would you like to find out more about interventional radiologist salary, education requirements and responsibilities you are to take? If yes, then go on reading.
Radiologist Job Description
To begin with, it should be noted that an interventional radiologist differs from typical diagnostic radiologists. His task is to focus on performing different procedures, using image techniques and not interpreting the studies. An interventional radiologist (IR) utilizes CT, fluoroscopy and ultrasound, involving more complex devices like ling-term implantable devices, therapeutics and embolizations.
So, the primer task of an average IR is to handle the equipment, conduct the procedure and explain the results. Referring to the work settings, an IR works with physicians, helping to diagnose the disease and find suitable treatment options.
Becoming an IR
How to become a radiologist is the very first question you are to find the answer to. Why? Mainly because, to know the interventional radiologist salary you are to find out how the education influences the possible income.
You are going to be really surprised, BUT the whole studying process lasts for 13 years:
During the course of studying one should obtain knowledge in Chemistry, Biology, Physics and learn how to use x-ray, CTs, ultrasound and MRIs.
An aspirant must take a medical college admission test, as well as pass the courses in major subjects. In case of successful passing on the NLE (national licensing examination), one is going to be allowed to work as an IR.
Is Income Worth Trying?
Definitely yes! Radiologist salary is pretty high and be sure that all the years of your studying are soon going to be compensated. However, to get a comparatively high salary, you are to pursue the field you really love. Make your choice between Neuroradiology vs. interventional radiology and vascular surgery vs. interventional radiology and realize that the work is not only highly rewarding, but also highly responsible.
So, how much does a radiologist make? If an average radiologist earns about $350,000, then an interventional radiologist is likely to have about $ 50,000.
Top 6 Factors that Influence the Payment
Over the past years the salary of an IR has reached higher marks, but its range still has a very wide spectrum. What causes the difference? Can one improve his yearly income? Can a radiologist school choice influence the salary?
There are 6 key factors the salary of an IR depends on:
Nevertheless, the salary is pretty high, which makes this job highly attractive to millions of undergraduates. The income is not the only possible benefit if this job: one can easily work both part-time and full-time. In fact, years of experience allow earning more and working as a part-time specialist.
Females earn less than males, as they usually work fewer hours. Graduates from highly-ranked programs and schools earn more than Academic Center graduates. Vascular interventional radiologists earn more than pediatric radiologists.
Averages: Hourly, Monthly and Yearly
According to the statistics made on the basis of previous years, the usual IR salary equals $59,000. If you are a beginner and have just obtained a license, don't count on getting too much. The maximum of your yearly income can reach $49,000. This is why you are to take care of proper career development: the longer a person is employed, the more he gets:
So, as you see, an AVERAGE income ranges from $47,500 to $100,000. An M.D. gets nearly $90,000. This is higher than the one he could earn if he were a Bachelor of Science in Radiology or if he had any other degree in associate science.
In case you've just graduated (a beginner), $ 50,000 is the maximum you can earn. The latest statistics says that a normal yearly salary is about $48,000 - $70,000. Judging by this gap, the starting yearly payment can be $48,000 - $50,000.
If we speak about monthly salaries, they vary from $4,000 and up to $6,000 - 7,000, which is not that bad. Normally, beginners earn around $4,000, whereas much more experienced staff gets up to $6,000 or $7,000 per month.
Hourly salary ranges as well. One can get paid $20 - $40 per hour. Here things mostly depend on the location as well as on the type of the clinic he/she works at. The thing is many young specialists are looking for jobs in private industries, as the payment there is much higher. The only possible drawback is the fact the staff of such clinics lacks some additional benefits and insurance. This is why you are to set your own priorities in order to figure out what you consider to be the most important.
The key thing to realize is that the job of an interventional radiologist can be rewarding, but only if one realizes and accepts all its demands. In this case, the so-called compensation boosts not proportionally to the level of experience, but to how hard one is trying and the number of additional courses and trainings he takes. In any case, the salary is quite adequate.
What about the highest salaries possible? The higher the standards, the higher the salary. Speaking about the United States, there are six main states/cities, where salaries of interventional radiologists are the highest, when compared to those offered by other states. This fact makes many people choose the best schools and look for job places in these very locations.
So what are the US top locations of a future IR?
New York offers around $ 240,000 per year. A yearly income in California is nearly $223,000. Chicago and Atlanta offer $217,000 each, while Denver guarantees $189,000. Pittsburg (the last, but not the least) can provide $171,000.
These are the areas you are to pay special attention to, if you are aiming at earning more, regardless of the experience you have.
What's the Interventional Radiologist's Salary?
It happened so that during 2011-2012 the job market of interventional radiology has been greatly affected: today it is tighter than it was about 5-6 years ago. The average age of an IR in the USA is around 45. Nearly 40% of them are women and 60% are men.
Speaking about the national range of the salary, we would like to let all the readers know that in 2012 it is from $ 166,000 to $ 474,000. However, there are always a few "buts" you are also to be aware of. Considering an individual interventional radiologist job, pay special attention to the factors the income will depend on:
If you are a partner of an individual practice, you can POTENTIALLY make around $ 1,000,000 per year. The precedents for it are known.
Unfortunately, there is a possibility that during the next five years there will not be any salary growth. At least, it wasn't yet predicted. BUT further development of many new spheres, including interventional oncology and interventional molecular imaging, is what you can count on. The ways of your potential growth are multiple. So these five years are a great chance to improve your knowledge and obtain one more degree in this medical field.
What Does the Future Hold for IR Salaries?
We've already mentioned the 5-year perspective for the IR salary, but no one can predict the future. Any type of career in the field of medicine has its own benefits. Why? Well, because this is a stable job that ensures salary stability if compared to many other fields.
What does a radiologist do? He helps to treat people, and this is why it is always important. New health reforms are on the horizon and they are about to influence the situation to a great extent. An interventional radiologist area is the one to see the cuts. Short-term prospects for this very field are flat, but this is a chance to use these 5 years for developing sub-specialties and get involved in them.
As you see, interventional radiologist salary depends on too many factors. The two main of them are your education and practice settings. Make sure you choose the right location and the right school that will ensure your chances to know more and, thus, earn more. Good luck!