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2014 Compensation Survey: How Much Are Your Colleagues Really Making?

2014 Compensation Survey: How Much Are Your Colleagues Really Making?

  • The 2014 Radiology Compensation Survey discloses data from radiologists, administrators, technologists, PACS/IT managers, residents and students. Most respondents were male (64.3 percent), living in the U.S. (77.7 percent) and working in an urban setting (43.1 percent).
  • The majority of respondents work in a hospital (43.8 percent), with the next largest group working at an academic medical center (17.1 percent), followed by an outpatient imaging center (13.5 percent). The number of respondents working in multi-specialty and single-specialty practices is about even (8.7 percent and 8.9 percent, respectively).
  • The highest number of respondents work in a practice comprised of 11–30 radiologists (27.8 percent), while the next most common practice size among respondents consists of one through five radiologists (27 percent). Practices with six through 10 radiologists make up 20.5 percent of respondents, while practices with more than 31 radiologists continue to decline in prevalence as the number of radiologists in the practice increases.
  • Working hard! Most respondents work 41–75 hours per week (63 percent). The next most common workweek among respondents is 31–40 hours (28.4 percent). Workweeks fewer than 30 hours and 76 or more hours are the least common (respectively).
  • Most of the respondents are veterans of the radiology industry, with more than 20 years of experience (40.4 percent). Eleven through 15 years of experience make up the next big chunk of respondents (17.5 percent), followed closely by respondents with fewer than 5 years of experience (welcome, newcomers!) and respondents with five to 10 years of experience.
  • Most radiologist respondents dabble in a variety of modalities. CT (50.8 percent), ultrasound (44.3 percent), MRI (42.9 percent), X-Ray (37 percent) and musculoskeletal (31 percent) make up the top five modalities among our radiologist respondents. Radiologist respondents with no specialization made up about 18 percent.
  • Most radiologist respondents earn about $300,000–$350,000 (16.2 percent). The number of radiologist respondents making $100,000 or less and $350,001–$450,000 were tied for the second top spot (11.3 percent). The mean salary of all radiologist respondents was $355,641.50. This is down from the 2013 mean salary of $400,000.
  • Close to half of radiologist respondents do not receive bonuses or incentives as part of their salary (43.3 percent). For 26.4 percent of radiologist respondents, bonuses and other incentives make about 1 percent to 10 percent of their salaries.
  • The top five modalities or subspecialties for technologist respondents are CT (24.8 percent), X-Ray (24 percent), MRI (16.5 percent), ultrasound (10.7 percent) and nuclear medicine (5.8 percent). Five percent of technologist respondents report having no subspecialty.
  • The vast majority of technologist respondents report making anywhere from less than $40,000 through $80,000 (each salary increment made up 17.9 percent of respondents). The mean salary of technologist respondents is $56,667.08.
  • Most administrator respondents are bringing in $70,000–$80,000 (18.6 percent). The 2nd most common salaries tied between $80,000–$100,000, $110,001–$120,000 and $150,001 or more. The mean salary for administrator respondents was $98,563.68.
  • Most respondents kept the same income in 2014 as 2013 (36 percent), while 19.5 percent of respondents received up to a 5 percent increase in salary. Respondents reporting a salary decrease of 10 percent or more make up 17.7 percent of respondents.
  • Average satisfaction rating with their salary for all respondents was 2.97. Almost 9 percent of respondents are extremely satisfied with their salaries, while 12.4 percent of respondents are extremely unsatisfied with their salaries.
  • Most respondents have an average of 3.81 satisfaction rating with their career choices. Twenty-seven percent of respondents are extremely satisfied with their career choices. Only 3 percent of respondents are extremely unsatisfied with their career choice.

The numbers are in. Our 2014 Radiology Compensation Survey rounds up the data from a variety of members in the radiology community. How many hours are they working? How much money do they make? Are they happy with their career choice? Find out here.

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