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There have been several posts about the income that pathologists earn. Many of the compensation figures that are discussed on this forum are not accurate, specifically the figures are far too low. Allow me to make two points.
First, there is an excellent source of physician compensation based on annual surveys done by the American Association of Medical Colleges. Many medical school libraries have a copy of the survey, or you may purchase it on line for $210.00.
https://services.aamc.org/publications/index.cfm?fuseaction=Product.displayForm&prd_id=252
This survey provides an in depth analysis of the total compensation earned by doctors in a number of disciplines and is further broken down into region of the country. Each of the tables has the compensation for faculty at the 25th percentile, median, and 75th percentile. These materials are copyrighted so posting on line would violate the copyright. If you want to know what a pathologist earns, this would be your best source. Anonymous internet postings are not a good source of information. Bear in mind that these are compensation figures for academic physicians, which are typically lower than those in private practice.
Second, Basic Accounting Principles. Total compensation listed on IRS form 990 represents the total compensation from the entity that files the 990. In some situations this will be the equivalent to the total income earned by the person listed on the 990, but only when the entity filing the 990 is the common paymaster. Stated more simply, the compensation listed on the form 990 is not their total paycheck.
Total compensation refers to the salary plus bonus, so in many situations it is not the equivalent of salary. Total compensation may also include other benefits which the IRS has determined should be taxable income. For example, if the faculty practice plan buys a laptop computer for a faculty member, under IRS guidelines the cost of the laptop is considered taxable income.
It is not really possible to draw general conclusions about the income of pathologists compared to other specialties by looking at selected form 990s. For example at one institution, the Chair of Anesthesiology has a total compensation of $49,000 while the Chair of Pathology has a total compensation of $123,000 (I will not post the institutions, because the individuals listed on the forms have not given me permission to post their information). If you looked only at that institution one would conclude that anesthesiology is significantly underpaid. As another example, a July, 2009 article in Greenwich Times reported that half of the top ten earners at the hospital were pathologists. (This article was also posted on SDN).
Whether a pathologists income is sufficient really depends on individual perception. In academic settings, the income for an MD pathologist would be considered mid-tier and approximately equivalent to radiology and anesthesiology. Total income per pathologist tends to be lower, because a significant number of Ph.D. conduct research or help run clinical labs in academic settings and their incomes are typically lower.
For those considering a career in pathology, I would encourage you to look up the AAMC salary survey to determine your approximate income and not become frightened by inaccurate information posted on the internet.
Daniel Remick, M.D.
Professor and Chair, Department of Pathology and Laboratory Medicine
Boston University School of Medicine and Boston Medical Center.
First, there is an excellent source of physician compensation based on annual surveys done by the American Association of Medical Colleges. Many medical school libraries have a copy of the survey, or you may purchase it on line for $210.00.
https://services.aamc.org/publications/index.cfm?fuseaction=Product.displayForm&prd_id=252
This survey provides an in depth analysis of the total compensation earned by doctors in a number of disciplines and is further broken down into region of the country. Each of the tables has the compensation for faculty at the 25th percentile, median, and 75th percentile. These materials are copyrighted so posting on line would violate the copyright. If you want to know what a pathologist earns, this would be your best source. Anonymous internet postings are not a good source of information. Bear in mind that these are compensation figures for academic physicians, which are typically lower than those in private practice.
Second, Basic Accounting Principles. Total compensation listed on IRS form 990 represents the total compensation from the entity that files the 990. In some situations this will be the equivalent to the total income earned by the person listed on the 990, but only when the entity filing the 990 is the common paymaster. Stated more simply, the compensation listed on the form 990 is not their total paycheck.
Total compensation refers to the salary plus bonus, so in many situations it is not the equivalent of salary. Total compensation may also include other benefits which the IRS has determined should be taxable income. For example, if the faculty practice plan buys a laptop computer for a faculty member, under IRS guidelines the cost of the laptop is considered taxable income.
It is not really possible to draw general conclusions about the income of pathologists compared to other specialties by looking at selected form 990s. For example at one institution, the Chair of Anesthesiology has a total compensation of $49,000 while the Chair of Pathology has a total compensation of $123,000 (I will not post the institutions, because the individuals listed on the forms have not given me permission to post their information). If you looked only at that institution one would conclude that anesthesiology is significantly underpaid. As another example, a July, 2009 article in Greenwich Times reported that half of the top ten earners at the hospital were pathologists. (This article was also posted on SDN).
Whether a pathologists income is sufficient really depends on individual perception. In academic settings, the income for an MD pathologist would be considered mid-tier and approximately equivalent to radiology and anesthesiology. Total income per pathologist tends to be lower, because a significant number of Ph.D. conduct research or help run clinical labs in academic settings and their incomes are typically lower.
For those considering a career in pathology, I would encourage you to look up the AAMC salary survey to determine your approximate income and not become frightened by inaccurate information posted on the internet.
Daniel Remick, M.D.
Professor and Chair, Department of Pathology and Laboratory Medicine
Boston University School of Medicine and Boston Medical Center.