A hematologist works in the areas of blood diseases, blood disorders, and health issues caused by hemophilia, leukemia, sickle-cell anemia and other disorders. Professionals in the US have an average annual hematologist salary of about $314,800 while those in Canada earn about C$256,417, or just over US$201,000.
Hematologists in Australia make about AU$160,000 annually (US$122,507) and earnings in New Zealand reach about NZ$142,500 or US$98,889 per year. In the UK, annual earnings for hematologists fall behind the other countries after conversion to the US dollar at £41,373 or US$54,207. This guide provides further information on salaries as they relate to professional experience, work setting, and geographic region.
How Much Does a Hematologist Make?
Salaries vary by geographic region as outlined in the chart below.
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Geographic region, professional experience and work setting influence salaries for hematologists worldwide. Information on salary, entering a career in hematology and career outlook is covered in the following paragraphs.
1. How Much Does a Hematologist Make by Country?
Hematologist Salary in the US
The average salary for a hematologist in the US is $314,800 per year. With experience and bonus incentives, earnings can reach to more than $381,992. Incomes in Los Angeles are about 10% more than the national average, while those in New York are less.
Hematologist Salary in Canada
In Canada, hematologists make about $256,417 on average per year. Salaries are likely to depend more on the role of the hematologist rather than the work setting in Canada. According to The Canadian Medical Association, the vast majority of hematologists, representing 76%, are employed by hospitals, while only 2% are in solo private practice. Not including on-call hours, hematologists in Canada work nearly 50 hours per week on average.
Hematologist Salary in the UK
As with other healthcare positions, the National Health Service (NHS) of UK funds most hematology positions. Salaries within the NHS range from about £25,000 to £99,500 per year, with the national average at £65,000. Hematologists working in NHS of UK funded positions experience pay increases with experience and movement between salary Bands. Hematologists completing their training begin at Band 6 with an annual income of about £25,000 per year.
Those with the most experience are classified in Bands 8 and 9, where associated annual incomes are between £40,028 and £99,437 per year. Some hematologists working in the NHS funded positions supplement their incomes by also working in private practice, which often uses the NHS salary as a guideline, but may also garner higher rates. A high-cost area supplement ranging from 5% to 20% is typically paid to those working in London and areas nearby.
Hematologist Salary in Australia
Hematologists in Australia earn, on average, AU$160,000 per year. Some hematology positions range from AU$75.93 to AU$93.70 per hour, equating up to AU$200,000 per year. A shortage of professionals in this career field has attracted hematologists from other countries, particularly England, who seek higher salaries.
Hematologist Salary in New Zealand
The annual salary for hematologists in New Zealand is about NZ$142,500. While completing residency, the salary ranges from NZ$70,000 and NZ$80,000 per year and increases to NZ$150,000 to NZ$215,000 for those with experience. Overtime pay for time worked over 40 hours range from NZ$15,000 to NZ$85,000 per year. Public sector positions are set by the government and consistent throughout the country based on experience; however, those working in the private sector may have higher earnings.
2. How Much Does a Hematologist Make According to Experience?
Earning potential for hematologists increases significantly with experience. For example, in the US, the average entry level pay for a hematologist is about $176,000 per year compared to nearly $381,992 per year for those with experience and later in their careers. In New Zealand, the difference in salaries for those beginning their careers compared to those with experience is NZ$145,000 per year or 207%, the difference in the UK is even greater at 221%.
Beyond an undergraduate degree, hematologists are required to complete graduate-level education. Depending on the area of focus and country of employment, some require a master’s degree, while others call for a PhD or medical degree as well as specialized training. An exam and registration or licensure is required for employment as a hematologist.
3. How Much Does a Hematologist Make According to Work Environment?
Some hematologists perform research-based work with little to no patient interaction while others meet regularly with patients. Because of these different areas of focus, hematologists work in a variety of settings, including hospitals and clinics, government agencies, such as the CDC, and private practice. Salaries for those working in research may be less than those who directly treat patients due to the work load, number of hours worked and on-call hours.
Hematologists typically work from Monday through Friday during business hours. Those who work in research typically work a full-time schedule that is 37.5 to 40 hours per week, while patient-focused positions may require as 50 hours or more plus on-call hours. It is not uncommon to work overtime hours . However, overtime does come with additional pay that can amount to significant increases in income.
Bonuses and Benefits
Healthcare benefits, including medical, dental and vision insurance are commonly offered to full-time employees. Those working in solo practice may be responsible for acquiring and paying for their own healthcare coverage. Vacation, sick time and holiday pay are common. Some employers may also pay for overtime and on-call hours. Other possible benefits include fees for continuing medical education and training, meals and travel expenses associated with research.
According to the US Bureau of Labor Statistics, demand for physician specialists, including hematologists, is expected to grow 14% between 2014 and 2024. Canada also experienced a hematologist shortage. Overall, job prospects for hematology experts are good. Hematologists work with a variety of other medical specialists. Thus, their expertize will continue to be valuable throughout the medical field.
Hematologists have opportunities to work in healthcare with the flexibility to choose a research-focused path or a patient-centered position. Salaries for these positions are high and future job prospects are positive with growth expected to be faster than other professions, indicating future demand will continue to support salary ranges. Benefits packages are comprehensive and those working in this field report high job satisfaction.
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