Montana Finance

Jul 4 2018

How Much Do Radiologists Make a Year for Entry Level?

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How Much Do Radiologists Make a Year for Entry Level?

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Radiologists are physicians who look at medical images, from X-rays to MRI scans, to diagnose patient conditions. Radiologists usually assist primary care physicians in making a final diagnosis and recommendation for treatment. A career in medicine requires eight years of undergraduate and graduate training, and an additional four years of residency and specialized training are required to practice radiology.

Salary by Experience

According to a salary survey conducted by Medscape, radiologists at all levels of experience earned an average salary of $349,000 as of 2012. However, radiologists tend to earn more as they gain experience. The website reports that radiologists earned a median salary of between $330,000 and $335,000 during their first year of practice, and averaged between $444,850 and $469,800 per year after six years of practice.

Geographic Variations

Radiologists working in different parts of the country report substantially different average salaries, according to Medscape’s 2013 compensation survey. Those practicing in the Southwest enjoyed the highest average salary, $407,000 per year. Those working in the South Central states of Texas, Oklahoma and Arkansas also reported a high average salary, $383,000, followed by radiologists working in the Southeast, who averaged $374,000 per year. The lowest-paying regions for radiologists were the Northeast, where they averaged $319,000 per year, and the North Central states, where the average pay was $313,000 per year.

Other Contributing Factors

Besides geography and experience, gender and type of practice also have noticeable effects on the expected salaries of radiologists. According to Medscape, male radiologists averaged $360,000 per year in 2012, while female radiologists earned an annual average of just $309,000. Radiologists in solo practices earned a relatively low average salary of $299,000, while those employed by group practices averaged $390,000. Radiologists employed by outpatient clinics averaged $347,000, and those working in hospitals earned an average of $354,000 per year.

Job Outlook

Between 2010 and 2020, the BLS expects jobs for all physician and surgical specialties to grow at an average rate of 24 percent, significantly faster than the average rate of job growth expected across all occupations. However, demand for radiologists is expected to be even higher than for many specialties. According to a report published by physician recruiting agency Locum Tenens, the nation is facing a possible 8 to 16 percent shortage of radiologists by 2020.

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