As of June 01, 2026, the average salary for a Physician - Hematology/Oncology in the United States is $352,916 per year, which breaks down to an hourly rate of $170.
However, a Physician - Hematology/Oncology's salary can vary significantly. Here’s a look at the typical salary range:
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A Physician - Hematology/Oncology's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Physician - Hematology/Oncology's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Physician - Hematology/Oncology | $344,415 |
| Intermediate Level Physician - Hematology/Oncology | $345,989 |
| Senior Level Physician - Hematology/Oncology | $347,564 |
| Specialist Level Physician - Hematology/Oncology | $349,767 |
| Expert Level Physician - Hematology/Oncology | $355,670 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Physician - Hematology/Oncologies. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Leadership | 4.24% |
| Oncology | 4.36% |
| Critical Care | 2.95% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Clinical Care
|
$367,033 |
4%
|
|
Initiative
|
$363,503 |
3%
|
|
Innovation
|
$359,974 |
2%
|
|
Confidentiality
|
$359,974 |
2%
|
|
Hematology
|
$359,974 |
2%
|
|
Acute Care
|
$359,974 |
2%
|
Your level of education can impact your salary potential. While many Physician - Hematology/Oncologies enter the field with a JD, MD, PhD or Equivalent degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Physician - Hematology/Oncology with a JD, MD, PhD or Equivalent is between $327,816 and $373,657).
Physician - Hematology/Oncology Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.9% |
| High School | 0.9% |
| Associates | 0.9% |
| Bachelors | 4.7% |
| Masters | 6.5% |
| Doctorate | 86.9% |
Understanding how a Physician - Hematology/Oncology's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on June 01, 2026Salaries for a Physician - Hematology/Oncology can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $231,993 in 2023 to around $226,789 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Physician - Hematology/Oncology salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $231,993 |
| 2024 | $237,504 |
| 2025 | $226,789 |
| 2026 |
View More
|
| 2027 |
View More
|
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A Physician - Hematology/Oncology's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Physician - Hematology/Oncology earns the most in San Jose, CA, where the annual salary of a Physician - Hematology/Oncology is $445,133.
The highest pay for Physician - Hematology/Oncology is $423,427.
The lowest pay for Physician - Hematology/Oncology is $312,615.
Examines and diagnoses disorders and diseases of the blood, bone marrow, vascular, and immune system. Recommends and orders tests to determine extent of illness or help diagnose condition. Requests necessary tests, follow-up visits, and refers patients to specialists, as necessary. Consults with patients to determine the appropriate course of treatment. Requires a MD. Requires State License to Practice. Typically reports to a medical director. Years of experience may be unspecified. Certification and/or licensing in the position's specialty is the main requirement.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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