Junior faculty medicine positions start at anywhere from 60,000-150,000 depending on how much clinical work you do. Remember that in medicine, no one will pay you for nothing, you always must generate a larger income then your employer pays you. This is particularly true for academics, where part of your salary is taken out to pay for the salary of the administration/dean/teaching/ and research costs. It's really easy to get a job as a hospitalist for an academic institution these days, since they pay less then private practice and with the new RRC requirements, a lot are looking for more of them to recruit to cover larger "non-teaching" services. Schedules are as variable as they are in private practice. Some people choose to work part time, some people work all the time. The more hours you work, the more you are likely to get paid.