Typically, a neonatologist salary in the United States is around $300 thousand, and that average stays approximately the same, regardless of your career location. The salary only drops slightly in the United Kingdom at an average of around £100 thousand, which is equivalent to approximately $120 thousand in the United States. In India and South Africa, however, the average neonatologist salary drops significantly when converted to United States dollars.
If you find yourself considering a future career as a neonatologist, you should first learn about the different factors that may affect your working salary. These factors may include your education, work experience, location, and the level of your performance or skills. Keep reading to learn more about neonatologist salaries around the world.
How Much Does a Neonatologist Make per Year by State?
Those with a career as a neonatologist make a good amount of money, regardless of where in the world their job is located. However, the average salaries do vary slightly depending on location. After all, location is one of the influential driving factors that affect a person’s salary.
In the United States, the average base neonatologist salary is around $300 thousand. In the United Kingdom, the neonatologist salary averages around £100 thousand, which is equivalent to $120 thousand in the United States. Average salaries in Australia and New Zealand range similarly from $350 thousand to $400 thousand, while Canada averages a little lower at around $200 thousand. India and South Africa, however, have the highest averages at over 1.5 million in their respective currencies. However, the average salary in India converts to the lowest average in United States dollars at less than $30 thousand.
|Neonatologist Salary||US||Canada||UK||Australia||New Zealand||India||South Africa|
Neonatologist Salary Influencing Factors
Reliable salary resources such as Indeed, Salary, Payscale, and Salary Expert report varying values regarding the average wage of a neonatologist around the world. However, even though the salaries may differ, the influencing factors and career outlook tend to stay the same for neonatologists, regardless of their location. Keep reading to find out more about the factors that may influence your salary as a neonatologist.
Location is the primary factor that may influence your average salary as a professional in any field. Neonatologists can expect, however, to have an extremely comfortable life from the salaries earned in any location, as the pay typically averages several hundred thousand dollars. India has the lowest neonatologist salary when converted to United States dollars, averaging at around $30 thousand.
The biggest thing that causes the location of your work to affect your salary is the cost of living in your area. Typically, your salary will be higher in areas that cost more to live in, and vice versa. Bonuses and other benefits may also affect your total pay.
How Much Does a Neonatologist Make in the US?
|Neonatologist Salary US||Per Year||Per Hour|
|Bonus/Tip||$0 – $50,000||N/A|
|Overtime||N/A||$9.86 – $152|
|Total Pay||$180,000 – $350,000|
How Much Does a Neonatologist Make in Canada?
|Neonatologist Salary Canada||Per Year||Per Hour|
|Total Pay||CA$125,000 – CA$500,000|
How Much Does a Neonatologist Make in the UK?
|Neonatologist Salary UK||Per Year||Per Hour|
|Bonus/Tip||£5,000 – £30,000||N/A|
|Total Pay||£100,000 – £150,000|
How Much Does a Neonatologist Make in Australia?
|Neonatologist Salary Australia||Per Year||Per Hour|
|Total Pay||AU$80,000 – AU$450,000|
How Much Does a Neonatologist Make in New Zealand?
|Neonatologist Salary New Zealand||Per Year||Per Hour|
|Total Pay||NZ$70,000 – NZ$600,000|
How Much Does a Neonatologist Make in India?
|Neonatologist Salary India||Per Year||Per Hour|
|Total Pay||INR1,000,000 – INR2,000,000|
How Much Does a Neonatologist Make in South Africa?
|Neonatologist Salary South Africa||Per Year||Per Hour|
|Total Pay||R1,000,000 – R2,000,000|
Neonatologists are basically highly specialized pediatricians. Experience is a fundamental element in neonatologist salaries. With that said, though, even those new to the field will still be making more than the national average in the United States. However, added years of experience could increase a neonatologist salary by hundreds of thousands of dollars, depending on your location and who you work for. Senior professionals often make more than double what entry-level workers may make.
The industry you work in is also a large deciding factor in how much a company will pay you. Typically speaking, those who work in the public sector will earn more money than those in the private sector. With that said, employees in the private sector may have more opportunities for bonuses and profit sharing pay. In the United States, this is a major factor. However, in places like the United Kingdom, it does not matter as much.
Different companies will pay different amounts depending on various factors such as their reputation, age, funding, et cetera. For example, United States company, Neonatology Associated (Arizona), pays approximately $200 thousand annually, while United States company, Kidz Medical Services, pays almost $240 thousand. In India, the range is even larger. Max Healthcare pays just over INR1 million annually ($15,500), but Women’s Center Coimbatore pays around INR200 thousand ($3 thousand) per month, which is equivalent to more than INR2.3 million ($35,600) annually.
Schedule & Working Hours
Neonatologists usually work full-time hours of forty hours or more every week. The locations where neonatologists work typically provide 24-hour care, which means that shifts could take place at any time of day. On top of that, companies may require work on weekends and holidays, as well. However, neonatologists who work in private practices could work regular business hours during the week with on-call hours otherwise.
Bonuses & Benefits
Bonuses and benefits in this field are typically very rewarding; although that does depend on the company that you find yourself working for. Generally, bonuses could reach more than $50 thousand in a year. Another great benefit is the emotional satisfaction that many professionals in this field express.
The neonatology field has an extremely positive outlook. After all, there will always be new babies, and these babies will need special care. Neonatologists fill this incredible need with their work. Given the typical amount of money you will likely get as your average salary, regardless of location, it seems to be worth the cost of education to invest in. However, you should always keep in mind your own financial limits before deciding. If you’ll be putting yourself into a lifetime of debt, it may not be worth it.
A neonatologist salary is perhaps one of the highest in the medical field, especially in locations like India or South Africa. However, the job also comes with great reward in the form of working with newborns and helping develop new, healthy lives that have been brought into the world. The outlook is highly positive, especially considering that there will always be new babies needing special healthcare. Anyone with an interest in the field would do well to look into a career in any location.