As of July 01, 2026, the average salary for a Physician - Hematology/Oncology in Illinois is $359,856 per year, which breaks down to an hourly rate of $173.
However, a Physician - Hematology/Oncology's salary can vary significantly. Here’s a look at the typical salary range:
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Physician - Hematology/Oncology Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $396,775 | $33,065 | $7,630 | $191 |
| Average | $359,856 | $29,988 | $6,920 | $173 |
| 25th Percentile | $338,227 | $28,186 | $6,504 | $163 |
PACE Central Michigan - MOUNT PLEASANT, MI
Emergent Medical Associates - LOS ALAMOS, NM
Associated Physicians, LLP - MADISON, WI
Jordan Valley Health - LEBANON, MO
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, 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 | $351,140 |
| Intermediate Level Physician - Hematology/Oncology | $352,754 |
| Senior Level Physician - Hematology/Oncology | $354,368 |
| Specialist Level Physician - Hematology/Oncology | $356,628 |
| Expert Level Physician - Hematology/Oncology | $362,611 |
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:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Physician - Hematology/Oncology salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $404,794. While startup companies pay approximate $343,717.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $343,717 |
| Growth Stage | 51~500 | $363,150 |
| Established | 501~5000 | $391,269 |
| Enterprise | 5000+ | $404,794 |
For Physician - Hematology/Oncology roles, the industry you choose can affect earning potential by as much as 110% (the gap between the highest and lowest paying industries). Data shows that the Healthcare and Biotechnology sectors offer the strongest compensation, at 50% above the average. In contrast, Physician - Hematology/Oncology positions in Pharmaceuticals or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Physician - Hematology/Oncology as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Healthcare | $539,784 | $260.0 | 50% |
| Biotechnology | $467,812 | $225.0 | 30% |
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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $396,775 | $33,065 | $7,630 | $191 |
| Average | $359,856 | $29,988 | $6,920 | $173 |
| 25th Percentile | $338,227 | $28,186 | $6,504 | $163 |
Ready to take the next step in your career? Browse thousands of current Physician - Hematology/Oncology job openings on our job board. Use the search bar below to find your perfect match.
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