I hate cancer. More than 1,500 people die per day from it while 11 million people suffer as they live. That is what makes a hematology / oncology physician so important : to care for these 11 million patients as they traverse the hardest and often very painful times of their life.
Hematology deals with the study of blood and it’s diseases. Oncology is the study of cancers. The two fields are usually taught together with the end result of tailoring your practice towards being a specialist in only one of the two.
The salary is on par with the rest of the specialists. Meaning, it’s a lot.
salary.com
Straight out of residency, a hematology / oncology physician might make $181,348 but add on a few years of experience and the potential is much more.
Physicians reported earning between $171,293 to $408,963 with the majority making between $213K and $337K. 14% of physicians are reportedly making more than $500,000!
In order to become a heme / onc physician, be prepared to do 6 years of training. First, you must do 3 years of internal medicine residency followed by 3 years of fellowship in hematology / oncology.
Internal medicine residency is easier to get into just because there are so many spots available. Getting into the fellowship is harder. Currently, there are only 134 programs offering about 300 spots. So, the competition will be tough.
A heme / onc physician specializes in the diagnosis, management, and treatment of blood disorders and cancers. Majority of their practice time is in the office. Although, occasionally they can be seen in the hospital rounding when their patients get admitted.
It’s an emotionally wrenching field but you have the opportunity to help so many people. The training is long but the emotional and financial reward is great.
Sources
Salary.com, Physician – Hematology / Oncology Physician Salary
Allied Physicians – Physician Salary Survey
Medscape, Compensation Survey
ACGME
Any idea about how much pediatric oncologists would earn?
Allied Physician reports pediatric oncologists to make an average $182,000 to start, $217,000 after a few years of experience, and $251,000 max. Cejka says the median salary is $212,577 which leaves me to believe the salary range is about on par with the Allied Physician averages.
As always, there will be some variations but I hope this gave you an idea!