Endocrinologists employed in the United States typically have annual salaries in the range from $97,567 to $215,818 including bonuses, according to the salary information provided by Payscale.
Endocrinology doctors with 1 to 4 years of experience generally earn an annual pay in the range between $81,094 and $200,079 including bonus earnings. Professionals employed by hospitals are typically paid between $98,959 and $196,242 annually.
The 2013 Endocrinologist Compensation Report released by Medscape shows that 6% of the endocrinologists surveyed saw a salary increase by more than 10% from the previous year, while 17% reported an increase by up to 10%.
33% of the endocrinologist included in the survey reported a salary decrease by more than 10%, while 14% saw their salaries decrease by up to 10% from the previous year. 48% of endocrinologists reported that their salaries remained the same.
Salary range
Medscape’s 2013 Endocrinologist Compensation Report reveals that 17% of endocrinology doctors earn $100,000 a year or less, while 1% of these professionals are paid $350,000 a year or more. The highest percentage of endocrinologists (27%) earn annual salaries in the range from $200,000 to $250,000 a year.
On the higher end of the scale, 8% of endocrinologists earn between $$300,000 and $350,000 a year, and 9% make between $250,000 and $300,000 annually. On the lower end of the scale, 12% of these professionals report an annual income in the range from $100,000 to $150,000 a year, a further 12% of endocrinology specialists make between $150,000 and $175,000 a year, and 14% of the endocrinologists included in the survey report yearly salaries in the range from $175,000 to $200,000 a year.
Average salary
The average salary for endocrinologists working in the United States is $178,264 a year according to Payscale, $201,145 according to Salary.com, $218,855 according to the American Medical Group Association (AMGA), $205,951 a year according to Jobstat, and $178,000 according to Medscape’s 2013 salary report. Men earn $183,000 a year on average, and women are paid around $172,000 annually, which translates into a 6% gap between male and female endocrinology physicians.
Endocrinologist salaries vary significantly depending on geographical location. Medscape’s salary report reveals that the top salaries are in the North Central region, where endocrinologists earn $210,000 a year on average, and in the Southeast, where the median annual salary for the profession is $199,000.
Endocrinologists employed in the West make $181,000 a year on average, those in the South Central region are paid around $183,000 a year, and professionals based in the Great Lakes region have an average yearly salary of $169,000. Endocrinologists working in the Northwest region earn around $168,000 annually, and those based in the North East are paid $165,000 a year on average.
The lowest salaries for the profession are recorded in the Mid-Atlantic region, where the median salary is $163,000 a year, and in the Southwest, where endocrinology specialists earn $148,000 a year on average according to Medscape’s income statistics.
Starting salary
The average starting salary for endocrinologists in their first year on the job is $165,000 a year according to the recruitment agency Profiles. EndocrinologistSalary.org provides a median starting salary of $107,000 a year, reporting that endocrinologists in their first year typically earn salaries in the range from $85,680 to $128,520 a year.
Hourly wage
Endocrinologists working in the United States earn $102.41 per hour on average according to Jobstat.net. The top hourly wage recorded for this occupation is $110.36, and the lowest hourly rate is $67.13.
Endocrinologist typically earn between $46 and $70 per hour according to EndocrinologistSalary.org. The top hourly rates are in the range between $55 and $82, while endocrinologists who are in their first year make between $38 and $57 per hour.
Benefits
Endocrinologists’ benefits packages can sometimes reflect their annual earnings. For example, endocrinology doctors who get malpractice and liability insurance typically earn salaries in the range from $132,656 to $198,110 a year, while professionals who get 403(b) plans report earning an annual income in the range from $126,500 to $197,655 according to Payscale’s salary data.
The most popular benefits and perks among endocrinologists are malpractice and liability insurance, 403(b) plans, 401(k) plans, relocation expenses, paid vacations and holidays, life and disability insurance, and company pension plans according to Payscale.
In terms of vacation weeks, endocrinologists with 1 to 4 years of experience get 2.5 weeks on average, and those with 5 to 9 years of experience get about four weeks off each year. Professionals with 10 to 19 years of experience report getting about three vacation weeks a year, while those with 20 or more years of experience get four weeks off on average.
Bonuses
Endocrinologists’ yearly bonus earnings can amount to up to $20,203 a year according to Payscale. The bonuses depend on a variety of factors, including years of professional experience. Endocrinology doctors with 1 to 4 years of experience report getting $5,000 a year on average, while professionals with 5 to 9 years are paid around $6,000 a year in bonuses.
Bonuses can also vary depending on geographical location. For example, endocrinologists employed in New York report being paid around $5,000 annually in bonuses, while professionals working in Connecticut get $20,000 a year on average in bonus money.
Endocrinology doctors with a certification from the American Board of Internal Medicine (ABIM) report being paid around $13,000 a year in bonuses. Professionals employed at general hospitals get $10,000 a year on average, and the median bonus earnings in the health care sector are $6,000 a year. Endocrinologists who work for non-profit organizations get $19,653 a year on average in bonuses, while professionals employed by universities and colleges report not getting any bonus payments.
Other income factors
Endocrinologists’ average annual salaries can vary significantly depending on work setting. Medscape’s Endocrinologist Compensation Report shows that the best paid endocrinologists are those employed at outpatient clinics, where the median yearly salary for this occupation is $210,000, followed by endocrinology doctors working in a solo practice, who earn around $190,000 a year. Endocrinologists working in multispecialty group practices make $188,000 a year on average, and those employed at single-specialty group practices earn around $187,000 a year.
Endocrinologists working for healthcare organizations earn an average yearly salary of $164,000, while those employed in an academic setting are paid around $160,000 a year. Professionals who work at hospitals earn $146,000 annually on average, and those working in other settings have a median annual salary of $126,000 according to Medscape’s report.
Work situation is another significant factor that can affect an endocrinologist’s annual income. Endocrinologists who are partners in their organizations have the top salaries, around $189,000 a year, followed by those who own solo practices and earn $183,000 a year on average. Professionals who are employees at their organization have a median yearly salary of $176,000, while those who work as independent contractors are paid around $83,000 a year according to Medscape.