As of August 01, 2026, the average salary for a Medical Oncologist in the United States is $350,307 per year, which breaks down to an hourly rate of $168.
However, a Medical Oncologist's salary can vary significantly. Here’s a look at the typical salary range:
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A Medical Oncologist'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 Medical Oncologist'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 Medical Oncologist | $346,573 |
| Intermediate Level Medical Oncologist | $348,129 |
| Senior Level Medical Oncologist | $349,684 |
| Specialist Level Medical Oncologist | $351,863 |
| Expert Level Medical Oncologist | $357,715 |
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 Medical Oncologists. 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
|
$364,319 |
4%
|
|
Initiative
|
$360,816 |
3%
|
|
Innovation
|
$357,313 |
2%
|
|
Confidentiality
|
$357,313 |
2%
|
|
Hematology
|
$357,313 |
2%
|
|
Acute Care
|
$357,313 |
2%
|
For Medical Oncologist 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, Medical Oncologist positions in Pharmaceuticals or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Medical Oncologist as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Healthcare | $525,460 | $253.0 | 50% |
| Biotechnology | $455,399 | $219.0 | 30% |
Your level of education can impact your salary potential. While many Medical Oncologists 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 Medical Oncologist with a JD, MD, PhD or Equivalent is between $327,816 and $373,657).
Medical Oncologist 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 Medical Oncologist'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 August 01, 2026Salaries for a Medical Oncologist can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $233,176 in 2023 to around $227,946 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Medical Oncologist salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $233,176 |
| 2024 | $238,715 |
| 2025 | $227,946 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Healthcare industry offers the highest average compensation for Medical Oncologist roles, with salaries approximately 50% above the market median.
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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