Salaries for anesthesiologists vary according to the kind of practice (whether the anesthesiologist works individually or as part of a group practice), the amount of overhead required to maintain the business, and geographic location. They work fewer hours than other doctors, but can make equivalent or higher salaries.
Physicians who were still in their residencies earned an average of between $59,602 and $92,664 in the 2023–2024 academic year, according to a survey by the Association of American Medical Colleges. The median annual income for all physicians and surgeons was $239,200 in May 2023, according to the U.S. Department of Labor. Except for the lowest 10 percent of anesthesiologists, who earned $84,940, and the lowest 25 percent, who earned $191,980, all anesthesiologists earned more than the median for all physicians.
The U.S. Department of Labor reports that the mean annual earnings for anesthesiologists was $339,470 in May 2023, but they often earn much more, depending on years of experience and the area in which they work. Anesthesiologists employed in physicians' offices had average salaries of $358,560. Anesthesiologists with many years of experience may earn much more. Salary.com reported the average salary for anesthesiologists was $433,500 in June 2024, with most earning between $322,694 and $544,115 annually.
Fringe benefits for physicians typically include health and dental insurance, paid vacations, and retirement plans. Self-employed anesthesiologists must provide their own benefits.
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