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The radiologist salary is among the highest of all medical professions. This is mostly attributed to the exponential increase in demand for
radiological procedures due to technological and computer advances, and the gradually aging population. As life expectancy increases, more and more people
will be in the old age bracket (70 years and above) and these will naturally require more radiological studies than say those in their 20s.
This increase in demand was not met by a similar increase in diagnostic radiologists and the relative shortage have resulted in radiologists
becoming a hot commodity in serious demand. That in turn has resulted in excellent compensation both with respect to the radiologist salary
and the job perks (vacation time, after hours work, ...).
As with all professions, radiologist salaries vary based on a number of factors that affect how much a particular radiologist makes.
These differentiating factors include
- Location: Radiologists willing to practice in a small remote town earn usually significantly more than their colleagues
operating in big cosmopolitan cities. Very few radiologists would want to live in remote areas
and so lots of incentives are given to attract radiologists to these areas including but not limited to higher salaries.
But that is not the full story. The radiologist salary varies significantly from similar sized city to city and state to state due to the differing
cost of living between these areas. For example, the average radiologist salary in New York is not the same as that in Houston, Atlanta, Miami,
or Los Angeles.
- Level of training: Radiologists with subspecialty (fellowship) training can expect to have 20-25% bigger salaries
than general radiologists in a big city. Furthermore, not all radiology fellowships translate into similar increase in compensation.
In general, the more radiological procedures a radiologist does, the higher the income he or she makes.
Accordingly, interventional radiologists usually have the highest salaries among radiologists.
- Type of radiology practice: Academic radiology jobs pay much less than private practice ones.
An academic radiologist salary could be 25-50% less than that of a radiologist practising in a general radiology group.
The academic university radiologist salary drops even further at the more prestigious universities, such as Harvard or Stanford. This
is usually justified on the basis that working at any of these elite medical centers comes with significant perks that are quite priceless.
- Radiology experience: Radiologist salary increases in concert with expertise either in small yearly increments in case
of academic radiology careers or in one major lump at time of becoming full partners in the private radiology practice group.
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