The main two types of cardiologists are interventional cardiologists and non-interventional cardiologists. Non-invasive cardiologists don’t perform surgical procedures and treat heart problems with medication and lifestyle recommendations. Invasive cardiologists do the same things that a non-invasive cardiologist does plus minor surgical procedures such as inserting catheters. The training period for becoming an interventional cardiologist lasts approximately 13 years, but they usually earn at least several hundred thousand dollars annually.
The median salary for interventional cardiologists in the United States as of June 2011 was $321,480, according to Salary.com. The top earning 10 percent of interventional cardiologists had an annual salary of more than $434,719 and the lowest earning 10 percent had an annual salary less than $232,306. The middle earning 50 percent of interventional cardiologists earned between $274,803 and $380,753. The salary of an interventional cardiologist depends on a variety of factors.
The number of years of experience an interventional cardiologist has can have a major impact on how much they earn. The starting salary for a cardiologist usually falls between $180,000 and $250,000 after he or she completes their residency. However, cardiologists with more than five years of experience, not including their residency, earn between $300,000 and $400,000. Some cardiologists with large practices can even earn as much as $800,000, according to MomMD.com.
Another factor that can affect the salary of an interventional cardiologist is where they practice medicine. Interventional cardiologists who work in small rural towns usually earn less money than those that work in densely populated metropolitan areas. This is because interventional cardiologists in metropolitan areas may see more patients.
Interventional cardiologists who have their own private practice have additional expenses that cardiologists who work for hospitals don’t have. For example, an interventional cardiologist with a private practice might have to pay a secretary in addition to paying rent for an office building space each month. In addition, cardiologists with their own private practice often have to purchase their own medical equipment which cuts into their salary. Cardiologists with a private practice may also have to pay their own malpractice insurance. Interventional cardiologists on salary at a hospital may not have to pay malpractice insurance because it’s often covered by the hospital they work for.
Interventional cardiologists must obtain an undergraduate degree before applying to medical school which usually takes four years. Individuals must then complete four years of medical school followed by a three year general cardiology residency program. After completing a residency program, individuals must complete a one year fellowship program in interventional cardiology. During a doctor’s residency and fellowship training they are usually paid between $50,000 and $60,000.