The average salary of hematologist in US is $275,531.
Hematology is a subspecialty of the internal medicine field. Hematologists deal primarily with blood, lymphatic and bone marrow disorders. This may include different forms of anemia and disorders involving white blood cells, clotting, bleeding and bone marrow failures. Hematology is a demanding career path that requires many years of education and training. However, these individuals earn a very high salary.
Median hematologist salary
- $275,531 per year
- $132 per hour
The median salary for a hematologist is $275,531 per year, or $132 per hour. This number does not represent the average salary, but rather, the mid-point of all available salary data. Because the median salary eliminates information that may skew the data, it’s far more accurate than the average (or mean) salary.
Salary range for middle 50% of hematologists
- $221,731 – $349,895
- $107 – $168 per hour
The middle 50% salary range removes the top and bottom earners to provide an even more accurate idea of what a hematologist will earn each year. When you remove the highest and lowest earners from the equation, the salary range for most hematologists ranges from $221,731 to $349,895 per year ($107-$168 per hour).
Lowest and highest salary
- Lowest – $172,748 ($83/hour)
- Highest – $417,600 ($201/hour)
Just like any other medical career, there are individuals who earn significantly more or less than the median and average salary. Lower earners may be in entry-level positions, while higher earners may have 20 years of experience or more. The lowest of earners will still make $172,748 per year (or $83 per hour), while the highest of earners will take home as much as $417,600 each year ($201 per hour).
The total salary package
A hematologist’s compensation goes well beyond a base salary. Bonuses as well as benefits also contribute to overall compensation. Benefits include medical insurance, retirement, time off, pension, disability and Social Security. In total, a hematologist’s salary package is $370,462 per year.
Cities with the highest paying hematologists
- Hematologists in Washington, DC earn $304,186.
- Hematologists in Los Angeles, CA are paid $302,092.
- Hematologists in Boston, MA earn $297,573.
- Hematologists in Atlanta, GA earn $277,873.
States with the highest paying hematologists
- District of Columbia at $304,186
- California at $302,092
- Massachusetts at $297,573
Factors affecting hematologist salaries
A hematologist’s salary is affected by numerous things, including experience, industry and location. Specialization may also play a role.
Interestingly, most hematologists are relatively new to the field: 32% have 0-1 years of experience, while 22% have two to five years. Only 15% of those in this field have 15+ years of experience.
There are four primary industries that employ hematologists:
- Healthcare (75%)
- Education, Government and Nonprofit (10%)
- Biotechnology (8%)
- Pharmaceuticals (6%)
The remaining one percent work in financial services.
Naturally, the healthcare industry will pay the highest salary, but nonprofit, education and government agencies aren’t too far behind in terms of compensation.
Training and certification requirements for hematologists
To become a hematologist, you will need to dedicate over a decade of your life to education and training. This is a highly specialized field, but the high salary and rewarding career makes it worth the time and effort.
To start, you must earn a bachelor’s degree from an accredited university in a related discipline. Most students will major in a science-related field, such as anatomy or biology. Courses in biology, chemistry and physics will be required. Students must also take the MCAT.
The next step is to enter medical school, which will take four years to complete. The first two years will consist of classroom and laboratory work. After the first two years, students must pass the first part of the USMLE (United States Medical Licensing Exam). Once passed, students can move onto the final two years of medical school where they will gain clinical, supervised training. During the fourth and final year of medical school, students will have to pass Part 2 of the USMLE.
After completing medical school, you must then enter a residency program for three to five years. At the midpoint of your residency, you’ll need to complete Part 3 of the USMLE and will be granted your license to practice medicine.
Even after your residency is complete, you will still need to move onto a fellowship program that will take two to three years to complete. This will give you the advanced training needed to succeed as a hematologist.
International Hematologist Salaries
Hematologists earn £25,000 – £98,453 per annum in the United Kingdom.
Hematologists earn CAD$182,232 – CAD$440,526 per annum in Canada.
Hematologists earn AU$40,268 – AU$196,484 per annum in Australia.