In some hospital's most harrowing situations, anesthesiologists have the important job of administering anesthetic and ensuring the patients entering surgery are prepared for their operation. The profession requires tremendous education and expertise. The extensive training needed is rewarded with impressive salaries and compensation packages. Taking a look at average salaries for the job shows a breakdown of how different segments of the profession are paid.
The salaries of more than 900 anesthesiologists were compiled by PayScale.com in November 2010. Based on this data, an average salary range from £113,133 to £200,129 was calculated. While this range includes bonus pay and profit sharing options, none of the amounts reported by PayScale.com include non-cash compensation such as medical coverage.
Forty-three per cent of PayScale's surveyed anesthesiologists have between one to four years in the profession, and these individuals have an average salary range from £95,946 to £175,142, as of 2010. Those with five to nine years of experience see an increase that brings their average salaries up to £123,090 to £197,120. Finally, anesthesiologists working for 10 to 19 years have average salaries ranging from £127,671 to £202,619.
Anesthesiologists employed by foundations and trusts have the highest average salary based on employer type, with a range topping out at £231,450. Interestingly, self-employed individuals also score high, with an average salary maximum around £213,200. Those working at general hospitals or private practices have ranges that reach to around £195,000, as of 2010.
PayScale's data, as of 2010, displays an interesting breakdown of anesthesiology salaries. According to their findings, graduates of the University of Michigan have the highest average salary range, from £99,193 to £227,149. Harvard Medical School comes second in line, with a range from £130,000 to £201,225. Stanford Medical School, Johns Hopkins University, and Vanderbilt University complete the list of best-paid anaesthesiologist alums.
While the above salary ranges do not include non-cash benefits, these benefits are no doubt a significant part of an anesthesiologist's overall compensation. According to PayScale's research as of 2010, 87 per cent of anesthesiologists receive medical coverage from their employers. Additionally, 66 per cent receive dental care and 51 per cent receive vision care.