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Apologies if the following is an ignorant or dumb question. I just thought it might be helpful for med students like me who are considering anesthesiology so we can have a lay of the land for what to expect beyond residency and thus head into anesthesiology with our eyes as wide open as possible if we do choose to go this route. Basically, I'm wondering if what I've written below about employment options for new anesthesiologists is more or less accurate please?
Is this about right? Or am I way off?
Thanks in advance.
My understanding is anesthesiologists have five main employment options (in no particular order):
1) Locums
2) Private Practice
3) Hospital
4) AMC
5) Academia
All of these can have varying degrees of good and/or bad depending on what a person values and prioritizes in their life.
I would think for most people locums aren't usually ideal mainly because they're temporary. That said, perhaps locums can be tacked on as supplementary rather than primary income.
Many if not most anesthesiologists would presumably prefer to be a partner in private practice. But this is apparently becoming increasingly rare, and an increasing number of private practices are no longer hiring people for partnership tracks but only as employees. There are still private practices with a fair and reasonable path to partnership out there, but again they're decreasing, and perhaps rapidly decreasing, and most of these good ones are available in "undesirable" locales (though this is somewhat subjective since many people may prefer to live in these areas).
However, if an anesthesiologist works for a hospital, AMC, university, or evidently an increasing number of private practices, then they will be an employee of the hospital, company, university, or group.
If all this is true, and nothing changes like private practices for whatever reason(s) decide to start hiring people for partnership tracks again, then fundamentally speaking it looks like the future for anesthesiologists is going to be mainly as employees.
Of course, employment as an employee can differ significantly from employer to employer. Some groups, hospitals, universities, or AMCs may pay a fair and reasonable salary for work done, others not so much. It's a bit hard to generalize.
But if we had to generalize, then it looks like $250-$350K per year (before taxes) for 60-65 hours per week of work (on average) plus call roughly once per week is what a newly minted anesthesiologist can expect to make as an employee of a hospital, AMC, university, or many private practices.
1) Locums
2) Private Practice
3) Hospital
4) AMC
5) Academia
All of these can have varying degrees of good and/or bad depending on what a person values and prioritizes in their life.
I would think for most people locums aren't usually ideal mainly because they're temporary. That said, perhaps locums can be tacked on as supplementary rather than primary income.
Many if not most anesthesiologists would presumably prefer to be a partner in private practice. But this is apparently becoming increasingly rare, and an increasing number of private practices are no longer hiring people for partnership tracks but only as employees. There are still private practices with a fair and reasonable path to partnership out there, but again they're decreasing, and perhaps rapidly decreasing, and most of these good ones are available in "undesirable" locales (though this is somewhat subjective since many people may prefer to live in these areas).
However, if an anesthesiologist works for a hospital, AMC, university, or evidently an increasing number of private practices, then they will be an employee of the hospital, company, university, or group.
If all this is true, and nothing changes like private practices for whatever reason(s) decide to start hiring people for partnership tracks again, then fundamentally speaking it looks like the future for anesthesiologists is going to be mainly as employees.
Of course, employment as an employee can differ significantly from employer to employer. Some groups, hospitals, universities, or AMCs may pay a fair and reasonable salary for work done, others not so much. It's a bit hard to generalize.
But if we had to generalize, then it looks like $250-$350K per year (before taxes) for 60-65 hours per week of work (on average) plus call roughly once per week is what a newly minted anesthesiologist can expect to make as an employee of a hospital, AMC, university, or many private practices.
Is this about right? Or am I way off?
Thanks in advance.
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