2011 Neurology compensation/salary (how much do neurologist earn?)

[HarveyCushing]

I thought this would be a good thread since many medical students ask how much a neurologist makes.

Just remember that this is survey based and can be biased based upon who was surveyed and who responded. This is self reported information. This information isn't perfect. However it should give a general idea of what compensation is like for neurologist.


Overall compensation distribution:




Compensation by region in USA:




Compensation by practice setting:




Compensation by community setting/type:




Change in compensation from 2009 to 2010:




All the info can be found here:

http://www.medscape.com/features/slideshow/compensation/2011/neurology

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[Roberie]

What I never understand about these salary figures (and perhaps someone could explain this) is whether we're looking at gross/net income and is malpractice coverage factored in?

As I understand it, insurance premiums vary between the specialties, so it would seem that factoring in this data would be more indicative of "true" compensation.

Anyone care to share their wisdom on this?

 

[bronx43]

I wonder if they only surveyed general neurologists, or if they included the subspecialists as well.

 

[neurolddoc]

What I never understand about these salary figures (and perhaps someone could explain this) is whether we're looking at gross/net income and is malpractice coverage factored in?

As I understand it, insurance premiums vary between the specialties, so it would seem that factoring in this data would be more indicative of "true" compensation.

Anyone care to share their wisdom on this?

This was a survey of compensation, i.e. what the neurologist takes home. In a salaried position it would be essentially what your W-2 is. I can't remember from when I did the survey how you were supposed to count any pension/profit sharing plan contributions made on you behalf. My impression is that individuals in salaried positions would generally have their malpractice insurance premiums covered by their employer.

For someone in private practice this was the net pay. This would be your gross revenue minus all expenses including but not limited to (in roughly descending order) staff salaries, rent for office space, payments on any capital loans, malpractice insurance, general business insurance, accounting and legal fees, utilities, diagnostic testing supplies, IT expenses, medical staff dues, society dues, books and meetings.... The list goes on.

My impression is that all sorts of neurologists, both general and sub-specialist responded to the survey.

 

[Holderlin]

Nice charts, but they seem a bit low.

Merrit Hawkins had it much higher and I also wonder about sub-specialty inclusion.

I think I saw around 280k average. At the time it seemed high, but I've been hearing about some crazy starting salaries for neurologists and this is consistent with some of the attractive listings I've seen.

*EDIT*

Here's what I was looking at.
http://www.merritthawkins.com/uploadedFiles/MerrittHawkings/Surveys/mha2010incentivesurvPDF.pdf

 

[Roberie]

This was a survey of compensation, i.e. what the neurologist takes home. In a salaried position it would be essentially what your W-2 is. I can't remember from when I did the survey how you were supposed to count any pension/profit sharing plan contributions made on you behalf. My impression is that individuals in salaried positions would generally have their malpractice insurance premiums covered by their employer.

For someone in private practice this was the net pay. This would be your gross revenue minus all expenses including but not limited to (in roughly descending order) staff salaries, rent for office space, payments on any capital loans, malpractice insurance, general business insurance, accounting and legal fees, utilities, diagnostic testing supplies, IT expenses, medical staff dues, society dues, books and meetings.... The list goes on.

My impression is that all sorts of neurologists, both general and sub-specialist responded to the survey.

Thanks.

 

[Septo Shock]

West coast neuros avg at $165K?? Seems a bit low??

 

[Holderlin]

The difference between recruiter's figures and other "unbiased" sources seems criminal.

And yeah, 165k seems really low. Hmm

 

[neurologist]

Nice charts, but they seem a bit low.

Merrit Hawkins had it much higher and I also wonder about sub-specialty inclusion.

I think I saw around 280k average. At the time it seemed high, but I've been hearing about some crazy starting salaries for neurologists and this is consistent with some of the attractive listings I've seen.

*EDIT*

Here's what I was looking at.
http://www.merritthawkins.com/uploadedFiles/MerrittHawkings/Surveys/mha2010incentivesurvPDF.pdf

I have a hard time believing the Merritt Hawkins numbers. I went through a job search a few years ago, looked at a pretty wide variety of practices and geographic locations, and the offers I was getting were nowhere near what they are claiming as "average." Much closer to the low end of the spectrum.

That being said, I'm happy that at least that I'm above the median per the Medscape data . . .

 

[danielmd06]

The graphical data looks comparable to what I saw in a year's worth of starting job interviews. Key word: starting.

If you are a partner in private practice, or if you are in a procedure-heavy specialty, or if you are talking to groups with a more dire need (re: you have more leverage in negotiating) then the rules change.

Do this for love of subject matter and you might be surprised at what comes across your bow.

 

[Domerr]

I have a hard time believing the Merritt Hawkins numbers. I went through a job search a few years ago, looked at a pretty wide variety of practices and geographic locations, and the offers I was getting were nowhere near what they are claiming as "average." Much closer to the low end of the spectrum.

That being said, I'm happy that at least that I'm above the median per the Medscape data . . .

Can you expand on that? As in the range of starting salary we can expect.

 

[ScholarStud]

I hate to bump an old thread, but where exactly is the AAMC getting their data from? The median salary they report for a full professor (~$500,000) is ridiculously larger than any other data seen on other websites.

What's the deal??

 

[Ignatius M.D.]

I hate to bump an old thread, but where exactly is the AAMC getting their data from? The median salary they report for a full professor (~$500,000) is ridiculously larger than any other data seen on other websites.

What's the deal??

Are you sure you weren't looking at neurosurgery?

Neurology per the AAMC CIM page:

Associate/Full Professor

$177,000 (25th)
$208,000 (50th)
$249,000 (75th)

 

[ScholarStud]

Are you sure you weren't looking at neurosurgery?

Neurology per the AAMC CIM page:

Associate/Full Professor

$177,000 (25th)
$208,000 (50th)
$249,000 (75th)

I'm looking at this:
https://www.aamc.org/students/medstudents/cim/specialties/63776/cim_pub_neurology.html

 

[Thama]

That's not accurate. Either it's a typo or they accidentally copied the neurosurgery numbers.

 

[ScholarStud]

Interesting. It's been that way for a while. Someone should let them know.