Academic vs Private Practice

[NOSTLMO]

Does anyone have a general idea about the salary discrepancies between the two? I know that it's less in academics, but what constitutes less? What would you make coming out of fellowship?

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[tomwalsh1978]

Does anyone have a general idea about the salary discrepancies between the two? I know that it's less in academics, but what constitutes less? What would you make coming out of fellowship?

Average 5 years out:

Academics $200,000 (upwards of $500,000 at some places)
Private Practice $405,000 (if interventional in the south up to $1mil+)

 

[sdnetrocks]

Average 5 years out:

Academics $200,000 (upwards of $500,000 at some places)
Private Practice $405,000 (if interventional in the south up to $1mil+)

These numbers seem pretty high. Where are they coming from?

 

[P Diddy]

the numbers are not too high. I know a partner who joined a private cards practice who made 500k in his first year out of fellowship in the midwest.

p diddy

 

[NOSTLMO]

the numbers are not too high. my father had a partner join him in his private cards practice who made 500k in this, his first year out of fellowship in the midwest.

p diddy

But does the $200,000 after 5 years in academics seem high??

 

[P Diddy]

But does the $200,000 after 5 years in academics seem high??

i'll do some research at my institution and get back to you.

p diddy

 

[eulAEgy]

What is pay like as a fellow?

 

[VCMM414]

What is pay like as a fellow?

About $45-$60K, depending on the institution. Basically, a bit more than what residents of that same institution earn.