Director of cardiothoracic surgery salary

Director of cardiothoracic surgery salary DEFAULT

How much does a Cardiothoracic Surgeon make in the United States? The average Cardiothoracic Surgeon salary in the United States is $486,100 as of September 27, 2021, but the range typically falls between $389,700 and $609,400. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Cardiothoracic Surgeon, base salary plus other pay elements

Average Base Salary

Core compensation

 

 

 

Average Total Cash Compensation

Includes base and annual incentives

 

 

 

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Cardiothoracic Surgeon in the United States. The base salary for Cardiothoracic Surgeon ranges from $389,700 to $609,400 with the average base salary of $486,100. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $390,800 to $612,900 with the average total cash compensation of $489,000.

Sours: https://www.salary.com/research/salary/alternate/cardiothoracic-surgeon-salary

Average Cardiothoracic Surgeon Salary

$394,810
Avg. Base Salary (USD)

The average salary for a Cardiothoracic Surgeon is $394,810

EXPLORE BY:

What is the Pay by Experience Level for Cardiothoracic Surgeons?

An entry-level Cardiothoracic Surgeon with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $290,210 based on 19 salaries. An early career Cardiothoracic Surgeon with 1-4 years of experience earns an average total compensation of $338,804 based on 75 …Read more

What Do Cardiothoracic Surgeons Do?

Cardiothoracic surgeons are in charge of performing clinical duties and cardiothoracic surgeries on behalf of their organization. They are generally responsible for providing excellent patient care, resolving inquiries as they arise, and leading a team of clinical professionals in and out the surgery room, so strong leadership skills are required to avoid incidents during treatment and surgery.

These surgeons are highly organized and pay close attention to detail, and must follow strict safety …Read more

Cardiothoracic Surgeon Tasks

  • Perform complex surgical operations and interventions safely and hygienically.
  • Work with nurses and anesthesiologists to ensure safe treatment.
  • Complete paperwork on procedures, diagnoses, outcomes, and other factors.
  • Explain patient health needs to family members, caretakers, nurses and others.
  • Talk with patients to explain procedures and their risks and outcomes.

Job Satisfaction for Cardiothoracic Surgeon

4.5 out of 5

Extremely Satisfied

6Reviews

Based on 18 responses, the job of Cardiothoracic Surgeon has received a job satisfaction rating of 4.53 out of 5. On average, Cardiothoracic Surgeons are extremely satisfied with their job.

Gender Breakdown

Prefer to self-define

2.0%

This data is based on 50 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Sours: https://www.payscale.com/research/US/Job=Cardiothoracic_Surgeon/Salary
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Cardiothoracic surgeons have always held a title that earned them respect from their medical peers. They also earn a high income.

However, technological advances have made way for new procedures involved in heart surgery. Learning these new procedures provides the opportunity for cardiothoracic surgeons to increase their salary even more.

In fact, according to Cardiovascular Business, cardiovascular surgeons’ salaries are increasing faster than all other medical specialties. 

The data they compiled from AMGA’s 2018 Compensation and Productivity Survey showed more than a 23% increase in annual salary in three years.

Of course, there is a wide range of reported salaries for cardiothoracic surgeon jobs, and this is due to several different factors.

A significant factor that determines the fair market value of a cardiothoracic surgeon is location. Certain parts of the country offer a much more competitive salary for these surgeons.

Knowing these areas and the other factors that can affect compensation can help put a cardiothoracic surgeon in a better financial situation if they take advantage of these factors and make them work for themselves.

This article will provide a wealth of information to help a cardiothoracic surgeon do just that.

We will also discuss how best to protect that wealth once you’ve earned it through disability insurance, effective tax planning, and preparing for retirement as early as possible.


Average Cardiothoracic Surgeon Salary

According to Salary.com, the median annual salary for a cardiothoracic surgeon is $481,200.

Payscale’s numbers are a bit lower, with the average salary of these surgeons listed at $389,000.

Zippia reports the annual salary of a cardiothoracic surgeon to be $304,000. However, nearly all their most recently reported salaries from users are well above that number.

Glassdoor reports earnings of $383,310 per year on average for cardiothoracic surgeons.

The Economic Research Institute (ERI) has a more promising number of $447,192 as an average salary for the job title of a cardiothoracic surgeon. It also predicts a five percent increase in salary in the next five years.

Medscape has a salary report with higher numbers for cardiologists as a whole, with $438,000 being the average.

Online sites such as Salary.com, Payscale, and Zippia aren’t as reliable in their salary data as Medscape and the Economic Research Institute.

It is safe to assume that the accurate salary range for a cardiothoracic surgeon is closer to the $400,000 range.


Factors That Affect a Cardiothoracic Surgeon Salary

Yellow stethoscope on table

The salary range of any surgeon can be affected by a variety of factors, such as how long they’ve been practicing and who they work for.

Let’s look deeper at these factors:

Years of Experience

Before even entering the workplace, a cardiology resident earns $68,600 in their first year with an increase each year of residency after that, according to Medscape’s 2020 Resident Salary and Debt Report.

The expected pay for cardiothoracic surgery increases with experience, but it is also greatly dependent on the type of practice with which a surgeon is affiliated.

According to Salary.com, the annual salary of an entry-level cardiothoracic surgeon increases by $60,000 within the first five years but caps off around $550,000.

Location

The fair market value of a cardiothoracic surgeon is dependent on the cost of living and the current demand in the area of practice. When the cost of living is higher, the expected pay also increases to help pay for that cost.

When the area has a high demand for surgeons, healthcare companies will offer a more competitive wage to attract applicants.

According to Zippia, the top-paying states for cardiothoracic surgeon positions are Oregon, Idaho, Minnesota, Maryland, and Washington.

That same site lists the highest paying cities as Springfield, OR and Seattle, WA. It also has the lowest-paying states as Kansas, North Carolina, and Louisiana.

Learn how to get licensed in Oregon, Maryland, and various other states in our Medical Licensing Library.

Type of Practice

There are several different types of practices in which heart surgeries are involved.

Although every surgeon performs duties in the operating room, the type of practice they work in can significantly affect the amount they take home at the end of the week.

Private Practice Salaries

Salary possibilities depend on whether a surgeon works in a multi-specialty, single-specialty, or solo practice.

In group practices, salaries vary based on whether the total compensation is guaranteed or based on some form of productivity benchmarking system.

There is a possibility of more income if you buy into the practice. Of course, if you own your practice, you have the autonomy to make business decisions and therefore choose your salary. But this also means that you carry more risk and responsibilities.

Hospital Salaries

Hospital positions often have the highest demand and easiest placement. These jobs and related jobs provide consistent and immediate income. However, many hospitals work with private groups to care for their surgeries.

Academic Salaries

A cardiothoracic surgeon working in an academic setting will earn the lowest salary possible for this job title, but the stress levels and workload are much less demanding.


Cardiothoracic Surgeons and Student Loan Debt

It’s no secret that medical school is costly. In fact, many doctors spend a large portion of their early career struggling to pay off that enormous debt.

Those who plan to go into a high-paying field like cardiothoracic surgery tend to accumulate even more debt due to the added level of education.

There are many different payback options, including income-based repayment, pay as you earn, the revised pay as you earn, and income-contingent repayment.

Determining which repayment plan is the best for your circumstances can be puzzling. If you are having difficulty deciding between repayment options, our financial specialists are here to help.

You can also learn much more about medical student loans and the ins and outs of how to pay them off as quickly as possible when you read our Full Breakdown to Medical School Loans.


Subspecialties for Cardiothoracic Surgeons

Surgeon looking at heart diagram on screen

Even in the highly specialized area of cardiothoracic surgery, there are three major subspecialty positions. Your subspecialty will affect your annual income.

Adult Cardiac Surgery

This is the most common type of heart surgeon. To become an adult cardiac surgeon, you need to complete some additional education.

These surgeons are what some would consider top-tier cardiothoracic surgeons and typically earn more than general thoracic surgeons.

General Thoracic Surgery

The base salary of a general thoracic surgeon is slightly less than that of an adult cardiac surgeon.

General thoracic surgeons work on heart-related procedures but specialize in the other organs in the chest cavity, as well.

Congenital/Pediatric Cardiac Surgery

Salary.com reports this subspecialty to earn $100,000 less per year than their non-pediatric subspecialized cardiothoracic peers.

Even so, this position needs to be filled, and saving children from congenital heart disease is motivating enough for some physicians to forego that extra income.


How to Negotiate Your Cardiothoracic Surgeon Employment Contract

Now that you know all the factors that can affect your income, you can use this knowledge to negotiate your employment contract to meet or exceed the national average or median salary.

While many physicians find these procedures intimidating, you can always feel more confident when you know you have a knowledgeable team to advise you along the way.

Our advisory team can give you a full employment contract review to ensure that you get a fair compensation package and are protected legally.

Before you enter into negotiations, it’s important that you have a basic understanding of what should be discussed.

Every employment contract should clearly define:

  • Compensation and benefits
  • Duties and responsibilities expected of the employee
  • Partnership and ownership agreements (or possible future agreements)

 

You will need to understand when the contract begins and ends, what restrictive covenants are included, any insurance requirements, and the terms of termination.

Most physicians wouldn’t hesitate to have a contract review before starting a new position, but plenty of other scenarios deserve a contract review.

If you are renewing a contract, changing compensation packages, or renegotiating a contract, you should always have your contract reviewed before signing on the dotted line.

Any changes to your contract should always be double-checked.

Another often overlooked situation is when you are exiting a contract or entering a partnership.

Basically, if any changes are made to your employment contract, have a professional give you the ok before signing to protect your career.

Learn about our contract review services today!


Disability Insurance to Protect Your Salary

Once you’ve solidified a competitive salary, you can’t just sit back and relax. Unfortunately, life likes to throw us curve balls. What would you do if your curveball rendered you unable to work?

How can you provide for your family or pay your bills if you become disabled?

It sounds bad, but there is a way to protect yourself from the financial effects of a tragedy.

Disability insurance should be a priority to any person who relies on their paycheck to make ends meet but even more so to those high earners such as cardiothoracic surgeons.

The best disability insurance policies can be hard to find. We know exactly where to look. Contact our team for a free disability insurance quote from the top insurance companies in the nation.


Building a Retirement From Your Annual Salary

The earlier you start saving for retirement, the better, since the time value of money increases due to compound interest.

For the Employed Cardiothoracic Surgeon

Qualified retirement plans are tax-deferred savings plans for the employed cardiac surgeon to prepare for retirement. These include a 401k and a 403b.

A 401k is the plan offered by for-profit companies to their employees, while a 403b is offered by non-profit companies.

For Private Practice Cardiothoracic Surgeons

Qualified retirement plans for private practice cardiac surgeons also allow contributions to these savings plans to be tax-deductible.

They can be broken down as follows:

Profit-Sharing Plans

This retirement plan divides a portion of the annual profits to each private practice partner and their employees to be deposited into their retirement fund.

Money Purchase Plans

This type of retirement plan is similar to the profit-sharing program, except that instead of being dependent on profit, the portions are fixed.

Defined Benefit Plans

Defined benefit plans are created using a formula outlined by the practice based on factors they have defined.

These plans normally have a predetermined amount of time that needs to be reached before the funds can be accessed.

You can also offer a 401k like other companies and non-qualified retirement plans that can hedge against the qualified retirement plans you have. Non-qualified retirement plans are not tax-deductible.

For Both

Both employed and private practice surgeons can use traditional IRA and Roth IRA plans to help them progress towards retirement, but they have to follow the current rules that have restrictions on how you can fund them based on income limits.

Some other viable options are to make investments that provide recurring income to add to your retirement funds. An excellent example of this would be to purchase some profitable rental real estate.

Related: Why Doctors Should Consider Real Estate Investing


Effective Tax Planning for Cardiothoracic Surgeons

Tax season is a dreaded time for physicians since they must pay such a high amount of their hard-earned money to the IRS.

But with the help of a tax professional, cardiothoracic surgeons can save thousands of dollars over the span of a few years.

Some (but not all) tax professionals know the complicated ins and outs of the tax code and can find money-saving moves specific to your situation.

Get a free tax return review from our team of compensation specialists to check for tax deductions, credits, and potential errors that you might have missed. Our goal is to keep as much of your money in your pocket as possible.


Now that we’ve delved into the data, let’s go back to our original question:

Where do cardiothoracic surgeons earn the highest salaries?

As you can see, the answer isn’t as simple as stating a certain city or area. There are many variations in income from one cardiothoracic surgeon to another.

Earning at or above fair market value requires knowledge of all the facets listed in this article.

When it comes to negotiating your employment contract, you may be willing to give up a little income for certain benefits that hold more value to you personally.

Gaining income and protecting that income can seem like a large mountain to climb with the business of medicine being so complicated.

We’re here to help. Give us a call and talk to one of our compensation specialists today.

Subscribe to our email newsletter for expert tips about finances, insurance, employment contracts, and more!

Sours: https://physiciansthrive.com/physician-compensation/cardiothoracic-surgeon/
Why You Should Become a Cardiothoracic Surgeon

How much does a Surgeon - Cardiothoracic make in the United States? The average Surgeon - Cardiothoracic salary in the United States is $486,090 as of September 27, 2021, but the range typically falls between $389,616 and $609,320. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

SalarySalary + BonusBenefitsHow To Become

Based on HR-reported data: a national average with a geographic differential

Surgeon - Cardiothoracic Salaries by Percentile

Percentile Salary LocationLast Updated
10th Percentile Surgeon - Cardiothoracic Salary$301,782USSeptember 27, 2021
25th Percentile Surgeon - Cardiothoracic Salary$389,616USSeptember 27, 2021
50th Percentile Surgeon - Cardiothoracic Salary$486,090USSeptember 27, 2021
75th Percentile Surgeon - Cardiothoracic Salary$609,320USSeptember 27, 2021
90th Percentile Surgeon - Cardiothoracic Salary$721,514USSeptember 27, 2021

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Job Description for Surgeon - Cardiothoracic

Surgeon - Cardiothoracic specializes in the diagnosis, medical management, and surgical treatment of patients with diseases of the heart and lungs. Determines which instruments and method of surgery will be most successful in achieving desired outcome. Being a Surgeon - Cardiothoracic identifies need for tests or follow-up visits. Reviews patient history and confirms need for surgery. Additionally, Surgeon - Cardiothoracic may provide medical personnel with direction concerning patient care. May provide in-service training as needed to address new technology in health care treatment. Provides charting in compliance with all laws and regulations. Requires a MD degree from an accredited school. Typically reports to the chief of surgery. Requires a license to practice. Surgeon - Cardiothoracic's years of experience requirement may be unspecified. Certification and/or licensing in the position's specialty is the main requirement. (Copyright 2021 Salary.com)... View full job description

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Norman R. Hames, President and Chief Operating Officer - Western Operations

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Fiscal Year Ended in 2020

What does a Surgeon - Cardiothoracic do?

Surgeon - Cardiothoracic in Browns Mills, NJ

Assists attending surgeon as either a first or second assistant.

January 29, 2021

Participates in fundamental operating room techniques including aseptic technique, tying knots, hemostasis, tissue handling, primary closure of sternotomies, ect.

March 28, 2021

Assists attending surgeon as either a first or second assistant.

May 20, 2021

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Surgeon - Cardiothoracic Pay Difference by Location

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Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Surgeon - Cardiothoracic, base salary plus other pay elements

Average Base Salary

Core compensation

 

 

 

Average Total Cash Compensation

Includes base and annual incentives

 

 

 

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Surgeon - Cardiothoracic in the United States. The base salary for Surgeon - Cardiothoracic ranges from $389,616 to $609,320 with the average base salary of $486,090. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $390,788 to $612,869 with the average total cash compensation of $488,910.

Sours: https://www.salary.com/research/salary/benchmark/surgeon-cardiothoracic-salary

Cardiothoracic salary surgery of director

Average Cardiac Surgeon Salary

$380,230
Avg. Base Salary (USD)

The average salary for a Cardiac Surgeon is $380,230

Profit Sharing

$15k - $60k

EXPLORE BY:

What is the Pay by Experience Level for Cardiac Surgeons?

An entry-level Cardiac Surgeon with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $306,027 based on 13 salaries. An early career Cardiac Surgeon with 1-4 years of experience earns an average total compensation of $314,746 based on 39 salaries. A …Read more

What Do Cardiac Surgeons Do?

Cardiac surgeons are responsible for performing heart surgeries and other complex operations on patients with heart conditions. These surgeons must be organized and pay close attention to detail to facilitate surgeries, and they must work well in a team environment with other surgeons and medical professionals to complete all objectives under strict deadlines.

Cardiac surgeons must provide therapy recommendations for patients with arrhythmia and other heart illnesses and disturbances. They …Read more

Cardiac Surgeon Tasks

  • Provide operative, preoperative and critical care diagnosis, treatment and procedures for patients with pathological conditions of the chest.
  • Communicate with families and patients regarding care plans and make referrals to other specialists as per the standard of care.
  • Treat pathologic conditions of the lung, esophagus and chest wall, abnormalities of the great vessels, tumors of the mediastinum, and diseases of the diaphragm and pericardium.
  • Treat complications of ischemic heart disease (for example, coronary artery bypass grafting), correct congenital heart disease, or treat valvular heart disease created by various causes including endocarditis.
  • Provide surgical care of coronary artery disease, abnormalities of the great vessels and heart valves, congenital anomalies, tumors and diseases of the diaphragm.

Job Satisfaction for Cardiac Surgeon

4.5 out of 5

Extremely Satisfied

5Reviews

We currently don't have any reviews for this job and need at least 5 ratings before we can calculate a satisfaction score. Are you a Cardiac Surgeon? Take our survey to help us meet this goal.

Gender Breakdown

This data is based on 31 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Sours: https://www.payscale.com/research/US/Job=Cardiac_Surgeon/Salary
A Day in the Life of a Cardiac Surgeon

There is no Dim, either the owner or the master, or Dmitry Konstantinovich 2. Talk to I can only if I ask you something, or ordered you to say something 3. Everything, I repeat everything, my orders are carried out completely and unquestioningly 4. You were there yelling something about my upbringing, now you will feel what a real upbringing is 5. You can leave, but what will come of it I explained to you yesterday And now, on your knees bitch.

Now discussing:

Prezik wore half an hour, Hands are shaking, however, and darkness. He put on something but that was not right, All on the nerves and put it on his egg. I put it on properly and introduced four mediums in technique, one strong push. Fucked her for an hour. She finished five times, but my nerves do not give me an orgasm.



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