Welcome to our comprehensive guide that elaborates everything on Interventional Cardiology Salary.
This guide will discuss various aspects of Interventional Cardiologists’ wages, including how much they make and factors that may influence their yearly salary.
In addition, this guide covers how to increase your pay and which cities pay Interventional Cardiologists the most.
In summary, this guide covers:
Let’s get straight into it!
How much does an Interventional Cardiologist make on average?
If you are familiar with the amount that Physicians get paid in the U.S., you’ll know there’s no question about them getting well paid.
However, does the same go for Interventional Cardiologist?
According to a compensation report by Merritt Hawkins, Interventional Cardiologists earn the highest starting salary of any Physician.
Review tracks the highest Interventional starting Cardiologist salary as $611 000, but we’ll discuss the salary ranges of Interventional Cardiologists and their percentiles in a bit.
For now, ZipRecruiter records the average Interventional Cardiologist wage as $286 824 yearly.
For those seeking to work part-time or per diem, the Interventional Cardiology annual median salary equates to about $137.90 per hour or $5516 weekly.
With such high starting salaries, it is not surprising that many Interventional Cardiologists are satisfied with their wages.
Despite the excellent starting salary for Interventional Cardiologists, this profession has quite a wide salary range.
While some Interventional Cardiologist salaries are significantly high, a few fall below the $100 000 mark.
We explore this next.
Interventional Cardiologist Salary range percentiles
As tracked by ZipRecruiter from their employer job listings, the Interventional Cardiologist salary can be pretty far-ranging – with top earners making more than $400 000 and the lowest earners making $34 000 annually.
The majority of Interventional Cardiologists make between $202 500 to $400 000.
Another source, Comparably, found that the middle 50%, or in other words, the majority of Interventional Cardiologists, earn between $350 000 and $400 000, which isn’t far off from ZipRecruiter’s findings.
However, Comparably adds that the top 83% make up to $750 000 annually.
That said, the following table provides a breakdown of the salaries paid to Interventional Cardiologists by percentage, tracked by ZipRecruiter.
|Percentile||Yearly average salary|
|25th percentile||$202 500|
|75th percentile||Between $202 500 and $400 000|
|90th percentile||$400 000|
By reviewing the salary ranges, you might wonder how you ensure that you become part of the top earners.
For the most part, several factors may contribute to landing opportunities to increase your salary, which we explore in the next section.
Factors that may influence Interventional Cardiologists’ Salary
As mentioned above, for the most part, your salary as an Interventional Cardiologist can be affected by some things you may do for your career.
So if you want to understand better what it will take for you to earn higher, read on.
Like in many medical professions, professionals with a greater number of years of experience are likely to earn significantly higher than those who have been in the job for a shorter time.
As recorded by ZipRecruiter, starting salaries of Interventional Cardiologists range at about $202 500.
By the time Interventional Cardiologists hit the five-year mark of working in their jobs, they can expect to earn $400 000 annually.
Well-experienced professionals who have been in the field for more than 20 years can expect to earn well over $700 000 annually.
Type of Practice
According to Physicians Thrive, having your own private practice could increase Interventional Cardiologists’ annual salary.
However, optimizing your income as an owner of a private practice involves several factors, including effective pricing, the value of your services, and your marketing strategy, to mention a few.
Should you not be able to hone these factors, there’s no guarantee that your income as a private practice owner will exceed that of Interventional Cardiologists hired by Public organizations such as Hospitals.
A significant influencer of Interventional Cardiologists’ Salary is the location they choose to work in.
For example, an Interventional Cardiologist who lands a job in a small town will likely get paid less, considering small towns are associated with a lower cost of living.
On the other hand, living in metropolitan cities, where it’s generally more costly to get by, results in a higher salary for Interventional Cardiologists.
This reasoning explains why cities such as California and New York are listed amongst the top-paying states, while Florida is some of the lowest-paying states.
Speaking of Interventional Cardiologists’ salaries based on cities, let’s explore what the top-paying cities are for Interventional Cardiologists in the next section.
Top paying cities for Interventional Cardiologist jobs
As a result of various factors that contribute to the cost of living, Interventional Cardiologists in higher cost of living areas are typically paid more than those in a lower cost of living areas.
Hence, there is potential for you to earn higher, should you choose to change cities.
The only thing you may have to consider is if your new expenditure in the new city is so significant that you barely notice a salary increase, then there may have been no point in moving.
However, before we get in too deep into comparing wages with expenditure, let’s review the top paying states in the table below:
|City||Yearly Salary||Hourly Salary|
|Lakes, Alaska||$350 715||$168.61|
|San Francisco, California||$344 710||$165.73|
|Santa Clara, California||$344 216||$165.49|
|Fremont, California||$331 203||$159.23|
|San Buenaventura, California||$330 853||$159.06|
|Centennial, Colorado||$325 061||$156.28|
|San Jose, California||$324 255||$155.89|
|Alexandria, Virginia||$320 998||$154.33|
|Oakland, California||$320 759||$154.21|
|Tanaina, Alaska||$320 013||$153.85|
How does the Interventional Cardiologist entry salary compare with other healthcare professions?
As reported by Merritt Hawkins, Interventional Cardiologists’ starting salaries are among the highest of any other Physician profession.
However, Interventional Cardiologists’ average salaries don’t rank top compared to other field-related jobs.
This may relate to the number of workers in the profession or even the proportion of salary range percentiles.
That said, here are the salary averages for the 5 top paying Interventional Cardiologist related jobs, as tracked by ZipRecruiter.
|Job Title||Yearly wage||Hourly Wage|
|Interventional Pain Management Physician||$345 000||$165.87|
|Interventional Pain Physician||$344 999||$165.86|
|Interventional Radiology||$335 899||$161.41|
|Non-invasive Cardiologist||$310 000||$149.04|
Next, we discuss how to earn more money as an Interventional Cardiologist.
Ways in which Interventional Cardiologists can increase their income
If you are already in the field and are looking to make some changes in the amount of money you attain monthly, then you might agree that there’s never a wrong time to start working on leveling up your income.
The only thing you need to do is work on a few factors to increase your earning potential.
These factors include:
- Take any incentive bonus opportunities
There are several ways in which Interventional Cardiologists can earn incentive bonuses, including health benefits, continuing education allowance, signing bonus, and relocation allowance.
If you take advantage of many incentive bonus opportunities, you can increase your annual salary by a pretty large amount.
- If you are a private practice owner, employ strategies that help grow your business
From opting to buy property for your practice instead of renting; to hiring a Physician Assistant to help you attend to more patients, there are several strategies that you can make use of to earn more.
Even though implementing these strategies may not yield the same results for every Interventional Cardiologist, there are typically positive outcomes for at least trying new approaches to grow your business.
For example, according to Physicians Thrive, about 50% of Cardiologists who own private practices saw an increase in their annual income by hiring Physician Assistant staff.
- Change specialties
While being an Interventional Cardiologist is a medical specialty in Cardiology on its own, the profession has additional sub-specialties.
If you are seeking a new challenge in your career, Interventional Cardiologists have the option to become either a Pediatric Interventional Cardiologist or Medical Director of Interventional Cardiology.
When becoming a Pediatric Interventional Cardiologist, you could expect to earn just about the same as an Interventional Cardiologist or even less; however, a Medical Director of Interventional Cardiology earns a starting salary of about $425 000 annually.
Now that you know how you can potentially increase your salary, let’s discuss the job outlook for Interventional Cardiologists next.
Job Outlook for Interventional Cardiologists
According to a report by the Association of American Medical Colleges, an aging population combined with an increasing number of Physicians nearing retirement has resulted in a shortage of Physicians in the U.S.
The report adds that by 2034, medical specialties, including the Cardiology Specialty, may see a shortage of between 3800 to 13 400 professionals.
The health system is under pressure to meet the growing demand for Cardiologists to prevent the shortage from occurring.
Hence with the increased need for Interventional Cardiologists to care for an aging population, future Interventional Cardiologists can expect several career opportunities when entering the workforce.
Although the U.S. Bureau of Labor Statistics does not specify precisely how many jobs will be available to Interventional Cardiologists, they do, however, predict a job growth rate of 7% for all Physicians between the years 2018 and 2028.
According to their analysis, the 7% growth rate is the highest among all healthcare professionals.
A fast growth rate is yet another indication that Interventional Cardiologists are likely to secure posts straight off the bat of medical school and maintain job stability throughout their careers.
Even if several factors affect Interventional Cardiologists’ salaries, knowing that they obtain the highest compensation amongst all Physicians is reassuring enough to know you’ll get paid well.
Therefore, if you are already convinced that becoming an Interventional Cardiology would be a good fit for your personal fulfillment, you may be delighted that it would also benefit you financially.
That said, we hope that by reading this guide, you have gained sufficient insight into Interventional Cardiology salaries.
Click on the links below to view other related professions and the salary they attract:
Association of American Medical Colleges