According to the Journal of Oncology Practice, the United States will face a shortage of hematology and oncology MD doctors in the future if current cancer rates continue. While the supply of heme/onc MD doctors is expected to grow by 14%, the demand is projected to increase by 48%. This is due to growth in the aging population and an increasing number of cancer survivors. This potential shortage in practicing doctors indicates a good job market and strong job security for future hematology and oncology physicians. The salary for the cancer doctors varies by source but includes:
According to the Medscape Physician Compensation Report 2020: $377,000
According to AAMC Careers in Medicine - (this is for salaries in academic settings)
Academic medicine- assistant professor: 246,000
Academic medicine- associate/full professor: 337,000