But what exactly is the remuneration statistics of radiologists all over the world? With an intensive training period that can very well last ten years or even more than that (depending on the field of radiology you represent), it is certain that being experts in such a highly specialised branch of medicine, radiologists earn what they deserve.
The hospital, clinic or any other kind of medical establishment you work for hugely influences your salary. It also depends on the nature of the establishment you are employed in, i.e. whether it is a government-owned institution or a private one. They also determine the nature of your pay, i.e. whether it is a fixed salary or one that is subject to change.
In private medical institutions like Fortis Healthcare or Siemens Healthineers, the salaries of radiologists tend to be just as high or even higher than those offered by government medical colleges. ₹ 1.5 lakhs per month is a common standard remuneration provided in respected private medical establishments. But in a private institution, salaries are often subject to frequent fluctuations depending on institutional policies and other factors. Government salaries are almost always fixed in nature.
A majority of radiologists opt for diagnostic studies, better known technically as radiodiagnosis, as their chosen field of interest. X-rays, CT scans, USG, PET scans, etc. are their forte. But there are two other major branches of radiology, namely interventional radiology and radiation oncology. The salary you can get as a radiologist also largely depends on the field of radiology you are an expert in.
Diagnostic Radiology
If you work as an interventional radiologist or an interventionist, your job description would be slightly different than that of a diagnostic radiologist and your salary will be determined accordingly. Being in charge of procedures that include both diagnosis and therapy, you will be working as a part of a team. Therefore, your salary would not be as high as a diagnostic radiologist. Recent reports put the range of salary between ₹ 2.5 – ₹ 3 lakhs per annum to as high as more than 10 lakhs per annum depending on the institution and the location of your work.
Radiation Oncology
Knowledge and experience account for a lot in the medical profession. And the field of radiology is not an exception to that rule. The greater number of years you put in as a professional radiologist, the higher your reputation grows. The reliability of both physicians and patients on your job increases and consolidates with time. So do your skills and expertise in your chosen vocational field.
This factor must be taken into consideration if and when you start a scan clinic of your own as a radiologist. While most radiologists choose to work for an institution because individually owned scanning and testing centres require a lot of initial investment and capital, they are not entirely unheard of.