14 statistics on the cardiology industry

Here are 14 statistics on cardiologist compensation, burnout and more.

This information comes from Medscape's "Cardiologist Lifestyle, Happiness & Burnout Report 2023," "Cardiologist Compensation Report 2023" and "Physician Wealth & Debt Report 2023."

Burnout and mental health 

  • Fifty-six percent of cardiologists said they are happy outside of work.
  • Twenty-nine percent of cardiologists said they are burned out.
  • Nine percent of cardiologists said they are depressed.
  • Eighty-seven percent of cardiologists said they have not sought professional help for burnout.
  • Fifty-eight percent of cardiologists said they would take less pay for a better work-life balance. 

Compensation 

  • The average annual compensation for cardiologists is $507,000.
  • The average incentive bonus for the specialty is $88,000.
  • Fifty-five percent of cardiologists said they feel fairly paid.

Wealth and debt

  • Twenty-two percent of cardiologists are worth more than $5 million. 
  • Eighteen percent of cardiologists are worth less than $500,000.
  • Thirteen percent of cardiologists are still paying off student loans.

Miscellaneous 

  • Eighty-two percent of cardiologists said they would choose medicine again.
  • Ninety-three percent of cardiologists said they would choose the specialty again.
  • Cardiologists spend 16.4 hours a week on paperwork and administration.  

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