I know there are threads from the past about salary, but I'm more interested in the salary trend in 2022 coming out of the pandemic. There are all sorts of pressures that affect salary from supply and demand dynamics to decisions made at the federal level in the Centers of Medicare and Medicaid Services (CMS) agency. I've heard speculation by colleagues that is both favorable and unfavorable for our future salary. I'm interested in your thoughts and your salaries.
I graduated fellowship this past June and recently started an employed position as a general invasive cardiologist in a small city in the midwest Great Lakes region. I have a guaranteed base salary of 550k for two years. After that, I'll take home $62 per wRVU. There's no cap. So if I produce 10,000 wRVUs then I make 620k and if I produce 13,000 wRVUs then I make 806k. I also got a 50k sign on bonus. Nearly half of my colleagues here are near retirement age. They're really gonna need a few more guys in 3 years from now.
I had other offers which were similar in Michigan, Wisconsin, and Ohio. My lowest offer was a 460k base from the institution where I did my fellowship, although they came up to 500k after negotiation. My highest offer was a 580k with a 100k sign on bonus. I ultimately took the job I did because I liked the location and the work environment seemed good. One funny and frustrating thing is that my home institution ended up raising the base salary for their cardiologists after they low-balled me and I walked away because they had been having poor recruitment over the last few years. Also, most of the recruiters or cardiology service line directors at institutions where I interviewed for a general cardiology position told me that they are expecting a mass exodus of cardiologist in the next 3 to 5 years because they are at retirement age.
What salary offers are you getting?
I graduated fellowship this past June and recently started an employed position as a general invasive cardiologist in a small city in the midwest Great Lakes region. I have a guaranteed base salary of 550k for two years. After that, I'll take home $62 per wRVU. There's no cap. So if I produce 10,000 wRVUs then I make 620k and if I produce 13,000 wRVUs then I make 806k. I also got a 50k sign on bonus. Nearly half of my colleagues here are near retirement age. They're really gonna need a few more guys in 3 years from now.
I had other offers which were similar in Michigan, Wisconsin, and Ohio. My lowest offer was a 460k base from the institution where I did my fellowship, although they came up to 500k after negotiation. My highest offer was a 580k with a 100k sign on bonus. I ultimately took the job I did because I liked the location and the work environment seemed good. One funny and frustrating thing is that my home institution ended up raising the base salary for their cardiologists after they low-balled me and I walked away because they had been having poor recruitment over the last few years. Also, most of the recruiters or cardiology service line directors at institutions where I interviewed for a general cardiology position told me that they are expecting a mass exodus of cardiologist in the next 3 to 5 years because they are at retirement age.
What salary offers are you getting?
