As the market for radiology services has evolved over time, individuals interested in a career in radiology have a common question: how much does a radiologist make?
Overall, being a physician is a financially sound career decision. According to CNBC, physician is the #1 profession in terms of income with a median salary of $180,000. However, what this analysis omits is that becoming a physician takes between 7 and 10 years (in the United States) of post-bachelor's training. Presumably, one could earn $50,000 per year in an alternate career if they qualify for medical school, which means they are giving up $350,000 in income before they receive that first full-time physician paycheck. That's no small consideration!
Not only that, but medical school for most people is not free, but rather a significant cost. Often medical school debt alone can be over $100,000. Pile on debt for college as well, and the difference in net worth can be nearly half a million dollars.
That's right: $500,000.
If so, you want to make sure that the specialty you choose can make up for that difference. Some specialties within medicine (such as pediatrics or infectious disease) often pay significantly below the median physician salary quoted above. Before you can earn that higher specialist / consultant income though, you must complete residency. This leads to the question we want to answer today: how much salary does a radiology resident make?
Salary varies based on several factors, the major variant being geography. Areas with high cost of living tend to have higher salaries on paper, but you may end up with less take home pay. Another aspect to consider, especially as you progress in training, is moonlighting opportunities. Not only do these offer extra volume in which to perfect your skills, but moonlighting could also nearly double your income. That's no small thing!
From ERAS, here is a list of the 179 residency participating radiology residency programs in the US. Attempts have been made to match each program to a resident salary from various sources. Not all programs publicly disclose their residents' salary. As a bonus, this table also includes links to nearly each program's website. The data may represent the first year salary or average salary:
1. Glassdoor, https://www.glassdoor.com/Salaries/radiology-resident-salary-SRCH_KO0,18.htm
2. Various program websites linked above.