A hematologist specializes in the study of blood and blood diseases, and treats blood disorders and malignancies causes from disorders such as hemophilia, leukemia and sickle-cell anemia. The average hematologist salary in Canada earn the highest salaries, on average, at about C$396,105, or $292,777 USD, per year, compared to $281,238 in the US.
Salaries in Australia and New Zealand are similar at AU$160,000 ($119,044 USD) and NZ$142,500 ($100,374 USD), respectively. Hematologists in India earn the lowest yearly income at Rs900,000 or $13,134 USD. Salaries for hematologists vary with geographic region and professional experience as outlined in this guide.
How Much Does a Hematologist Make Per Year?
Salary ranges are influenced by geographic region and professional experience as explained in this guide.
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Factors That Influence Hematologist Salary
Salary ranges vary worldwide, depending on geographic region and professional experience. Further details on salary, benefits and job outlook are provided.
1. Geographic Area
Hematologist Salary in US
Salary.com reports hematologists earn a median income of $281,238 per year. Entry level hematologists can expect to earn about $176,000 per year, increasing to more than $425,000 per year with experience. According to Payscale.com, physician specialists, including hematologists, may receive varying incomes based on geographic region within the US with those in New York earning less than those in Los Angeles, Dallas and Boston by 10%, 4% and 2%, respectively.
Despite the high cost of living in New York, this lower salary range is likely due to the number of physician specialists located in the city.
Hematologist Salary in Canada
Hematologists in Canada earn an average yearly salary of C$396,105. The Canadian Medical Association reports that about 76% of hematologists work in hospital settings, explaining the large number of clinical trials currently underway in the country as well as teaching opportunities. Salary ranges may vary based on whether the professional is working with patients, engaging in research or teaching in an educational setting.
Hematologist Salary in UK
Hematologists in UK earn between £25,000 and £99,437 per year, according to www.prospects.ac.uk. Most positions in hematology are funded under the National Health Service (NHS) of UK. Those in training begin at Band 6 and earn a starting salary of about £25,000 per year. Upon the completion of training, the individual will advance to Band 7 and earn between £31,383 and £41,373. With further experience comes advancement to Bands 8 and 9 and yearly income between £40,028 and £99,437.
Salaries in London and nearby can be 5% to 20% more with the high-cost area supplement.
Hematologist Salary in Australia
Hematologists in Australia earn an average yearly income of AU$160,000, according to Australia’s Career Centre. Those beginning their careers can expect to earn about AU$140,000, increasing to more than AU$180,000 with experience. As clinical hematologists continue to build their skills, income may further increase.
Hematologist Salary in New Zealand
Physician salaries in New Zealand are set by the government and consistent throughout the country based on experience, according to imrmedical.com. Residents who are completing their training can expect to earn between NZ$70,000 and NZ$80,000 per year. Physician specialists, including hematologists, earn annual salaries between NZ$150,000 and NZ$215,000. Overtime pay is also provided, which can range from NZ$15,000 to NZ$85,000 per year.
Hematologist Salary in India
Hematologists in India, according to targetstudy.com, earn between Rs600,000 and Rs1,200,000 per year. Those working in the government sector earn on the lower end of this salary range, about Rs600,000 to Rs720,000 annually, while salaries for those in the corporate sector are about Rs960,000 to Rs1,200,000 per year. Hematologists who choose to go into private practice have the opportunity to earn even higher incomes.
Hematologist Salary in South Africa
Information on incomes for hematologists in South Africa is limited, but according to Payscale.com, physicians earn about R622,378 per year. On the low end of this scale are general physicians who earn about R450,470 annually, while physician specialists, including hematologists, earn nearly R800,000 per year.
To practice as a hematologist, individuals need to complete an undergraduate degree, typically in a science-related field such as biology or chemistry, followed by a medical degree and residency or specialized training. All countries included in this guide require successful completion of an exam and registry with the governing board, which may be at the state or province level or the government level.
With varying guidelines worldwide, the individual should be aware of and understand the requirements for the country in which they wish to practice.
Hematologists can work in hospitals, clinics, government agencies and private practice and may work directly with patients in a treatment capacity or conduct research with little patient contact. Work-life balance is reported as positive with high job satisfaction and low stress.
Most hematologists work full-time, but there can be flexibility in hours and opportunities for part-time employment. Full-time employment ranges from 37.5 hours in UK to 40 hours in the US. Hematologists commonly work Monday through Friday during typical work hours, but working overtime is not uncommon.
Bonuses and Benefit Packages
As a healthcare professional, it is common receive a full benefits package that includes medical, dental and vision insurance. However, self-employed hematologists may be responsible for covering this expense on their own. Other common benefits include paid vacation and holidays and overtime pay. If working in a hospital setting, allowances may be paid for meals and continuing medical education.
With an aging population, the need for physician specialists, including hematologists will probably increase. In addition, the US Bureau of Labor Statistics reports that physician job growth between 2014 and 2024 is expected to increase 14%.
Physicians are among the world’s highest paid professions. Hematologists not only earn strong incomes, but they enjoy lower stress levels in comparison to some other healthcare professionals and positive work-life balance. Future job outlook will likely remain strong with growth, increasing at a faster pace than other professions.