Are there more jobs available in one field or the other? The number of hospitalist fellowships will probably increase overtime but it’s currently 1/5 that of neonatology fellowships. Does this reflect the eventual job pool?
NICU babies stay around forever and while there is a little seasonal variation, its not nearly as big as gen Peds wards. Hard to say what the job markets are, since the jobs are so diverse (in smaller places, the Peds hospitalist covers the nursery as well).
The fellowship for hospitalist does not reflect the job market as the fellowship is brand new so most places the current hospitalists didn't do a fellowship. It is unclear to me if hospitalist is going be exclusively an academic fellowship and community hospitals will keep hiring people straight from residency with no fellowship.