Hematologists -- who are also called hematologist-oncologists to distinguish them from surgical and radiation oncologists -- diagnose, manage, and treat people with cancer and blood disorders. As physicians, they spend years in college, medical school and residency, where their initial training is in internal medicine. They then complete a specialty fellowship in hematology. As specialists, hematologists earn considerably more on average than they would had they remained in internal medicine.
Internists earned an average annual salary of $188,440 in 2013, reports the Bureau of Labor Statistics. In contrast, physician search firm Cejka Search reports a median salary of $325,000 in 2013 and the job site Indeed reports an average salary of $275,000 in 2014 for hematologists. A January 2014 article in “Becker’s Hospital Review” offers considerable detail about hematologists’ salaries. The median salary in 2013 was $350,268. Women earned an average of $240,000 annually to men's $293,000. Hematologists who worked for hospitals earned $227,000, while those in multispecialty group practices earned $356,000 annually. The Northeast offered the lowest salaries for hematologists, at $230,000, while salaries in the Southwest were the highest of all regions, at $347,000 annually.
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