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When you see the care and concern in how a medical oncologist handles a cancer patient, do you ever stop to wonder what his average salary would be?
A medical oncologist is to cancer as a pediatrician is to children. These doctors are essential in the diagnosis and treatment of cancer.
As of 2018 alone, a study showed that there were about 161 oncologists per 1 million people in the U.S. That’s huge! It goes to show how much they are needed in society.
Dive in; let’s take you through the average salary of medical oncologists, other benefits, and job prospects.
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Who is a Medical Oncologist?
Before delving into the explanation of a medical oncologist, you need to know that oncology is the study of cancer. Therefore, medical oncology is a branch of medicine concerned with a cancer diagnosis, treatment, and prevention.
A medical oncologist is a doctor who specializes in cancer diagnosis and treatment with chemotherapy, hormone therapy, biological therapy, and targeted therapy.
This doctor is frequently a cancer patient’s primary healthcare practitioner. This healthcare practitioner is equally responsible for providing supportive care and may work with other physicians to manage therapy.
What is the Role of a Medical Oncologist?
Medical oncologists play a vital role in the treatment of cancer. They perform several responsibilities in managing cancer.
The following are part of their job descriptions:
- Diagnosing cancer
- Discussing treatment options with patients
- Breaks down difficult news concerning patients with empathy
- Organizing and supervising the treatment
- Handling complications that may spring up after every treatment session
- Supporting patients even after the cancer treatment
- Encouraging patients to comply and adhere to treatment programs.
What is the Average Medical Oncologist’s Salary?
This is and will always remain a topical issue among medical oncologists and those interested in pursuing a career in medical oncology.
The average salary of this healthcare practitioner in the United States comes in different categories: hourly, weekly, monthly, and yearly.
On this note, the average annual salary for a medical oncologist in the US is $298,009. In addition, a medical oncologist earns an hourly rate of $143.27, and $18,571 every month, according to zippia.
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Factors Affecting the Salary of Medical Oncologists in the US
Some factors affect how much a medical oncologist in the United States can make.
These factors include:
- Education
- Certification
- Years of experience
- Location
- Additional Skills
How Much Does a Medical Oncologist Make in the US in 2022?
The salary of a medical oncologist varies in the United States, as mentioned earlier. On the other hand, they get paid on different payment scales: hourly, weekly, monthly, and yearly.
How Much Does a Medical Oncologist Make a Year?
From the table above, other than the average salary of $222,846, a medical oncologist can earn much more, which falls between $341,000 and $501,000.
The yearly salary of a medical oncologist is usually the first point of call for those in this field and those intending to become one.
In addition, this healthcare provider can equally earn as low as $99,000 annually.
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Monthly Salary of a Medical Oncologist
With an average monthly salary of $18,571, medical oncologists can earn more as time goes on. This high salary ranges from $18,571 to $41,750.
In another development, this doctor can also walk home at the end of the month with a lesser amount, as low as $8,250 as salary.
In other words, this salary is bound to increase when you factor in bonuses and compensation.
How Much Do Medical Oncologists Make Weekly?
Excited about learning about the weekly payment or salary of a medical oncologist?
Indeed, the weekly salary for this healthcare provider is $4,632.
Remember, according to the percentile or level, this doctor can earn more than this.
How Much Does a Medical Oncologist Make in an Hour?
The hourly rate or salary of any field is always of interest to people, especially people in the field.
The average hourly pay of a medical oncologist in the United States is $107.
Additionally, this medical doctor’s hourly salary can go as high as $164 or even $241.
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Salary of Medical Oncologists in the US Based on Location
Just like other professions, the salary of this medical professional varies based on location. In other words, where he practices can influence how much he earns.
The table below further illustrates this point:
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Medical Oncologist Salary in California
If you’ve been wondering how much a medical oncologist makes in the United States, worry no more.
As shown in the table above, a medical oncologist in California earns an annual salary of $174,459.
It might also interest you that this doctor receives $83.87 as an hourly salary.
Medical Oncologist Salary in Minnesota
If you must know, the state of Minnesota is one of the highest-paying states for medical oncologists in the United States.
Before accepting an offer for a medical oncologist in Minnesota, it is wise to have first-hand knowledge about their salary.
A medical oncologist in Minnesota makes as much as $225,867 annually and an hourly pay of $108.59.
What are the Highest-Paying States in the United States for Medical Oncologist Jobs?
From the information provided above, the following are the highest-paying states in the US:
| State | Annual Salary | Hourly Rate |
| North Dakota | $238,734 | $114.78 |
| Washington | $232,398 | $111.73 |
| Montana | $231,840 | $111.46 |
| Minnesota | $225,867 | $108.59 |
| Wyoming | $223,175 | $107.30 |
What are the Top Ten Cities with the Highest Salary for Medical Oncologist Jobs?
While you have the highest-paying states in the US for medical oncologists, there are cities with the highest salary for these healthcare providers.
The following are the top ten cities with the highest salary for medical oncologists in the United States:
Salary for Medical Oncologists in the US Based on Level
Medical oncologists in the United States earn according to level. These levels are entry-level and senior-level.
That said, it simply implies that the salaries for both levels can’t be the same. In other words, there is a salary distinction at both levels.
Consequently, a senior-level medical oncologist will earn much more than another at an entry-level position.
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How Much Do Medical Oncologists Make Based on Entry Level?
It has already been established that an entry-level medical oncologist earns less than the senior level.
The average annual salary for an entry-level medical oncologist in the United States is $99,000. This medical doctor also earns an average of $8,250 and $48 hourly.
While this is the startup salary for an entry-level medical oncologist, it can increase over time with experience and compensation.
How Much Do Medical Oncologists Make Based at the Senior Level?
An entry-level medical oncologist in the United States receives a higher salary than those at entry-level.
This doctor earns between $341,000 and $501,000 annually and $28,417 and $41,750. In addition, he receives an hourly salary between $164 and $241.
Now, there’s no reason for you to wonder how much these doctors earn.
Salaries of Medical Oncologists in the Top Industries in the US
Now to the area you’ve been itching to know, you stand a chance to earn a modest income in the top industries in the US.
The following are the top companies or industries in the US, along with their salaries:
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Salary of Similar Professions in the United States
Now you are familiar with the salary of a medical oncologist in the US, don’t you think getting to know about the salaries of these professionals is also essential?
Who knows? The information can come in handy just in case you eventually switch careers.
The following are related fields for medical oncologist jobs:
Are There Other Benefits of Being a Medical Oncologist Aside From the Salary?
Absolutely! Other than the salary as a medical oncologist, other benefits are tied to the position. These benefits include but are not limited to the following:
- Health and life insurance
- Paid vacation
- Dental
- Pension
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What are the Medical Oncologist Job Prospects?
The field of medical oncology has a good career outlook. Statistics show that this field of medicine will experience a 4% growth rate from 2019 to 2029.
This projection is about the same speed as the national average for all occupations.
In addition, medical oncologists willing to work in rural and low-income areas should have a better chance, as these locations have fewer doctors.
Conclusion
As you now know, these doctors are critical in helping patients win the fight against cancer and become survivors.
They go as far as maintaining relationships with their patients, throwing their weight around to offer support even after the cancer treatment.
So let me guess, when next you spot a medical oncologist performing his duties with a cancer patient, the figures will likely pop up in your mind.
Kindly reach us through the comment section for feedback.
Frequently Asked Questions on Medical Oncologist Salary
How Long is a Medical Oncology Residency?
Medical oncologists require five-year residency training.
Do You Get Paid During Residency?
Contrary to popular belief, you will get paid during residency. In addition, your income tax will influence the amount of money you will earn.
Is Oncology a Good Career Choice?
Of course! Pursuing a career in Oncology involves rendering medical assistance to patients battling cancer, which is of excellent service to humanity. Not to mention the financial benefits.
Is Being an Oncologist Stressful?
Caring for cancer patients can be more stressful than most people imagine.
The sickness they are treating causes them to be stressed regularly.
Are Radiation Oncologists Exposed to Radiation?
During the process of introducing a radioactive substance into a Gamma Knife or other instrument, they are exposed to radiation for a brief period.
Is a Radiation Oncologist a Doctor?
Yes. Radiation oncologists are the doctors in charge of radiation therapy.
They also collaborate with the rest of the radiation therapy team to establish and prescribe treatment plans and ensure that each treatment is administered correctly.
FAQs
How long is a medical oncology residency?
Medical oncologists require five-year residency training.
Do you get paid during residency?
Contrary to popular belief, you will get paid during residency. In addition, your income tax will influence the amount of money you will earn.
Is oncology a good career choice?
Of course! Pursuing a career in Oncology involves rendering medical assistance to patients battling cancer, which is of excellent service to humanity. Not to mention the financial benefits.
Is being an oncologist stressful?
Caring for cancer patients can be more stressful than most people imagine.
The sickness they are treating causes them to be stressed regularly.
Are radiation oncologists exposed to radiation?
During the process of introducing a radioactive substance into a Gamma Knife or other instrument, they are exposed to radiation for a brief period.
Is a radiation oncologist A doctor?
Yes. Radiation oncologists are the doctors in charge of radiation therapy.
They also collaborate with the rest of the radiation therapy team to establish and prescribe treatment plans and ensure that each treatment is administered correctly.
References
- zippia.com – Average Oncologist Salary
- indeed.com – Oncologist salary in the United States
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