Career Planning
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Reviewing Your Job Offer
Review Neonatology Salary Data
Understanding the fairness and appropriateness of the salary offer requires a knowledge of fair market value, which may be unfamiliar to many just out of training.
You should be realistic about your starting salary and remember that there is more to the position than just your recurring paycheck.
Understanding the fairness and appropriateness of the salary offer requires a knowledge of fair market value, which may be unfamiliar to many just out of training.
You should be realistic about your starting salary and remember that there is more to the position than just your recurring paycheck.
There are many facets to a full compensation package, and an equal number of “non-comp” considerations such as cost-of-living, schedule, location-location-location, and the intangible impacts on your family’s happiness.
What Data Do We Have Available?
Data regarding Neonatology-specific salaries has improved over the last several years, but there are numerous imperfections in the data collection, and there is no single “source of truth” when it comes to salary.
Much of the information available is based on voluntary surveys. Overall response rates in some surveys are rather low. When reviewing this data, it is important to note that in some cases there was no discrete distinction between academic vs. private vs. hospital-employed positions.
Additionally, geographic differences were only disclosed in some surveys. Making an apples to apples comparison between an actual job offer and these compensation reports is therefore exceedingly difficult.
Neonatology Salary Data
When looking at the specialty of neonatalogy specifically, four distinct surveys or blended survey summaries are included below which provide some information regarding average or median salary.
It is important to recognize that each is measured differently with a unique methodology.
Use these data points to become familiar with salary information and use as your guide for what to generally expect when it comes to your salary offer, but remember that there can be wide variation.
Data was drawn from self-reported compensation surveys completed by approximately 90,000 full-time, licensed U.S. physicians over 6 years.
Averages of the 50th percentiles were calculated from the included reports.
n=2,779.
Access the report here.
Data is based on a sample of 3,045 permanent physician and advanced
practitioner search assignments that Merritt Hawkins and AMN Healthcare’s sister physician staffing companies (Kendal & Davis and Staff Care) had ongoing or were engaged to conduct during the 12-month period from April 1, 2017, to March 31, 2018.
n= unknown for neonatology specifically
Eric Horowitz, Henry A. Feldman, Renate Savich. Journal of Perinatology, 2019.
Data was collected from a voluntary, anonymous survey of American Academy of Pediatrics (AAP) Section on Neonatal-Perinatal Medicine (SoNPM) members.
n=366
Neonatology Salary Ranges
Of course, median and mean data only tells part of the story.
Salary range data can be informative as well. A tight salary range suggests little variability in the market, while a wide range indicates that many forces are at play with geographic, work responsibility, practice type, and supply/demand forces all likely contributing significant influence.
The very wide range between 25th and 90th percentiles, shown below, indicates that there are many dynamics influencing compensation. Unfortunately, teasing these dynamics out of the survey data is quite difficult.
Averages of the 25th, 50th, 75th, and 9oth percentiles were calculated from the included reports.
n=2,779.
Eric Horowitz, Henry A. Feldman, Renate Savich. Journal of Perinatology, 2019.
Data was collected from a voluntary, anonymous survey of American Academy of Pediatrics (AAP) Section on Neonatal-Perinatal Medicine (SoNPM) members.
n=366
Neonatology Salary Calculators
Several salary websites with online calculators exist in which you can alter various filters or variables to assess their impacts. Determining where and how this data is collected is challenging, however, it does provide additional information reflecting some consistency with the above data points.
Clicking on the links below will take you directly to these sites where you can get more information. Note that some sites require a registration or subscription to access.
Additional Resources
Access the Neonatology Solutions historical salary graphics.
