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.