Average Salary: $55,910
Expected Lifetime Earnings: $2,334,000
Radiologists and orthopedic surgeons are the two highest paid jobs in medicine. At the high end, you can earn between $450k and $550k a year. Salaries are typically $300k a year.
As a resident, radiologists earn about $50k a year. Benefits are worth about 25% more than base income.
Radiologists have a lot of flexibility in the kinds of bosses they have. Typically, they work in hospital settings, as part of professional groups that provide on-call rotation and private salary negotiations. If you gang up with other radiologists, you have a lot more control over your earnings and profits. No matter who you work for, if you play your cards right you might be able to carry on as an independent consultant for additional income. It's more difficult to be hired as a staff physician at hospitals, but the advantages are not that great, so try to go independent. Since most of your job is done online through "teleradiology," you're uniquely qualified to work with little supervision. Radiology is a great job for creative minds and creative people who do best without bosses.
Staff interventional radiologists (the ones who diagnose and operate) earn about $500k a year. Diagnostic radiologists make slightly less.
Profit-sharing and pensions are costly to manage, but the best way to create a very comfortable retirement.