I posted this reply in another thread on SDN, but it looks like it might be useful here too. I'm an Ophthalmology Recruiter, so I thought I'd throw some real world experience and numbers out there. F
ollowing applies for young ophthalmologists straight out of training- not subspecialists or experienced Ophths.
Salary year 1: $175 plus or minus 15%
Salary year 2: Usually a 10% increase over year 1 salary
Production Bonus: Generally 25% to 30% after a threshold of 2.5 times salary is met.
Vacation: 3 or 4 weeks
CME: 1 week reimbursed at $2500
Malpractice is usually paid by the employer.
Tail coverage is hit and miss. Sometimes the employee covers this, sometimes the employer covers this and sometimes it's shared. Sorry- Wish I could be more helpful on Tail but that's what I see- kind of a mixed bag.
Partnership: Usually offered after 2 years.
Getting back to salary again for a moment. The
figures I'm quoting are for new general ophthalmology grads- fresh out of school doctors. And there are certainly exceptions to my figures just as there are exceptions to many rules. Several times a year I will hear of salaries in the mid 300's for a general ophthalmologist. When this happens- when a large figure like this is given it is usually because an older solo practice owner wants to get rid of his practice immediately. I also hear of unusually high figures thrown out there by hospitals. The one thing you'll need to keep in mind with hospital agreements, you will likely have to renegotiate your salary after the first contract term- probably 1 or 2 years in and there is no guarantee you’ll be paid at the same high rate.
If anyone would like to ask me more about this you may email me at
[email protected]
Thanks