I am interested in Nephrology as career and I really like itbut I am having mixed messages about the salary and life style that nephrologists have , please if someone can shed the light on this issue.....thanks
Renal medicine is hard to make a living nowadays. I'm on my second renal month and the days can be long and very stressful. The pay is ok, but considering what you have to do I'm having second thoughts about renal myself. The hours are long, people need emergent dialysis at 2am, the fellowship is very very busy. The fellow I'm with says that he lost 25 lbs his first year of fellowship because he didn't have time to eat. It's not as "cushy" as people lead it to be! The money is not there like it was. Dialysis would actually lose money now if it weren't for injectable meds like epo. And at the current rate of slashing payments, that's next too. Working hard, you MAYBE can hit 300-350k. And that's busting your butt!! I was heavily into renal, but now I'm considering other options...just keeping my options open! I definately think you honestly have to LOVE it because the money won't be there and the lifestyle can be hectic. Again, this is my second month of renal and it's busy, but a lot of docs are feeling worn down from being consulted for every creatinine above 1.5. You can still make a pretty good living, but that's changing. I hope this helps.
Atlas
First a disclaimer, I am beginning my Renal fellowship in the future, so I may be a bit biased, However, I have spoken to several people in the field (private and Academic), and I am based in the southwest. Here, the academic nephrology attendings are starting around 160K, private practice (where some of the fellows go) are usually starting in the 190-220K range. According to some of the private practice nephrologist in the area (>5years working), they all tell me they make >350K (one told me he made close to 6).
Of course this is all based on what I have been told by the people in the area, however most surveys show the median salary btw 220-270, so I doubt most nephrologist are working 80+ hours to earn the median salary for their field.
I wouldn't base a decision to pursue a fellowship based on the posts above, talk to people in practice (academic vs private), there are definately differences based on location. Good luck
I have nothing to gain or lose by posting here. I'm just posting what my attending and I talked about just the other day. I agree, talk to people especially your attendings. I know my posts above were from an academic attending that has been out about 3 years and he never disclosed how much he made, but said it was enough (but he had no loans). The number of hours depends TOTALLY on the group and your call schedule. I know several private practice attending that do really well, I'm assuming 350k+ but they DO put in their time. There are 8 docs in the group, so call is ok. But, when they are on call, they get killed! They are by far the busiest nephrologists I've seen. Their day is typically 12 hours long because they cover 5 hospitals and that includes weekend time. So, generally, I'd say they are around 60 hrs/wk off call and around 80 when on call. This is just one example from one group. Other groups are not this aggressive, but their salaries are not as impressive. The saying "the more you work, the more you make" is so true.
I will be a nephrology fellow in ~gash~ 7 months and have talked to many people in the field from all spectrum of practice. And my feeling towards the topic about income/lifestyle is always as follows: any field in medicine is what you make of it. You can bust your butt in pp and make a $hitton but have no life, or take it relatively easy and make "average". It's the truth of almost any field, even if you go to primary care pp, you can expect to bust your chops 60-80/wk if you want to make a good amount. In the age of shrinking pie, every field (especially the fields that are currently lucrative) is going to eat a cut of some shape or form. Ultimately you gotta do what you enjoy doing. Overall nephrology is not a life-style oriented subspeciality - not the harshest but by no means cush at all. And as a fellow (especially first years), you do bust your chops almost regardless of where you train.
With that being said, I think in terms of longterm outlook, depending on area of the country, the jobs are more or less there. Just like every field, you will find more saturation in metro areas and more vacancies in the rural areas. Heck, even right now before I am even started, I am starting to have recruiters email/calling me promising me 20k signing bonus or loan repay if I sign on to join nephrology groups in rural midwest towns, many have pretty decent incentives too. Given the overall aging population, job security is very much there, unless they start allowing NP's to dialyse people which I dont think will ever happen. (At least so far) I do not regret commiting a career to nephrology in any way, and am overall optimistic about its general outlook.
.Im a canadian staff nephrologist and Im tired of reading all of the misinformation. Many of the low salaries in nephrology are strictly in the USA. In canada I started at 400k + at an academic centre! Nephrologists are mcuh, much better reimbursed in Canada vs USA and job opportunites are readily available. Our reimbursement has no connection with iv medication adminsitration.