ElizaPA Posted July 18, 2011 Share Posted July 18, 2011 I'm a new grad going for a private pulmonology practice job in a medium sized city in Virginia. I would be 75% inpatient and 25% outpatient. I would also work 13 weekends/year going to up to more than 3 hospitals/day in the area. No call after 6 pm. Not sure about holidays. Was told not to expect a 40 hour/week job -would fluctuate btw 45-55. Will talk about salary soon with them... Benefits are:<O:p</O:p 3 weeks vacation per year <O:p</O:p 10 sick days per year which you can sell back <O:p</O:p Health insurance for self only<O:p</O:p Dental at employee's expense<O:p</O:p Retirement 8.7%/year + 401K<O:p</O:p CME and professional expenses - 5K!<O:p</O:p Cell phone paid for<O:p</O:p Life insurance<O:p</O:p No mention of malpractice <O:p</O:p They said, "Keep in mind how good the retirement plan is when you see the salary." I'm kind of afraid about that. So.... what should I expect salary wise? what should be my walkaway? Link to comment Share on other sites More sharing options...
ElizaPA Posted July 18, 2011 Author Share Posted July 18, 2011 I'm a new grad going for a private pulmonology practice job in a medium sized city in Virginia. I would be 75% inpatient and 25% outpatient. I would also work 13 weekends/year going to up to more than 3 hospitals/day in the area. No call after 6 pm. Not sure about holidays. Was told not to expect a 40 hour/week job -would fluctuate btw 45-55. Will talk about salary soon with them... Benefits are:<O:p</O:p 3 weeks vacation per year <O:p</O:p 10 sick days per year which you can sell back <O:p</O:p Health insurance for self only<O:p</O:p Dental at employee's expense<O:p</O:p Retirement 8.7%/year + 401K<O:p</O:p CME and professional expenses - 5K!<O:p</O:p Cell phone paid for<O:p</O:p Life insurance<O:p</O:p No mention of malpractice <O:p</O:p They said, "Keep in mind how good the retirement plan is when you see the salary." I'm kind of afraid about that. So.... what should I expect salary wise? what should be my walkaway? Link to comment Share on other sites More sharing options...
ElizaPA Posted July 21, 2011 Author Share Posted July 21, 2011 they have offered 78K. does anyone have any thoughts? Link to comment Share on other sites More sharing options...
ElizaPA Posted July 21, 2011 Author Share Posted July 21, 2011 they have offered 78K. does anyone have any thoughts? Link to comment Share on other sites More sharing options...
Jason09 Posted July 22, 2011 Share Posted July 22, 2011 Well I am not too familiar with the retirement percentage (I think most are around 2 percent but don't quote me on that) but I will give you some thoughts. So let's say you get 8.7% per year of total salary (78K) then this equals an additional 6800 roughly per year. Add this to your salary plus CME you get about 90,000 for easier math. 52 weeks in a year minus 3 for vacation and you are looking at 49 working weeks. 49 weeks x 50 hours per week= 2450 total hours. 90K/2450= roughly $37 per hour. Now this is all rough estimates so take it what you will. Maybe plus or minus with benefits, self pay malpractice, more hours worked... I would think this offer is low for the predicted hours worked. If they already are telling you about long hours you can expect even more then what they are saying especially if weekends are involved. You should really self-reflect on this offer and how willing you are to fight the salary. I think this sounds like they are trying to find a work horse to fill some hours for pretty cheap. I would want AT LEAST $40 per hour minimum. However, money is not everything so you need to make the decision on how bad you want this job. Let us know, Link to comment Share on other sites More sharing options...
Jason09 Posted July 22, 2011 Share Posted July 22, 2011 Well I am not too familiar with the retirement percentage (I think most are around 2 percent but don't quote me on that) but I will give you some thoughts. So let's say you get 8.7% per year of total salary (78K) then this equals an additional 6800 roughly per year. Add this to your salary plus CME you get about 90,000 for easier math. 52 weeks in a year minus 3 for vacation and you are looking at 49 working weeks. 49 weeks x 50 hours per week= 2450 total hours. 90K/2450= roughly $37 per hour. Now this is all rough estimates so take it what you will. Maybe plus or minus with benefits, self pay malpractice, more hours worked... I would think this offer is low for the predicted hours worked. If they already are telling you about long hours you can expect even more then what they are saying especially if weekends are involved. You should really self-reflect on this offer and how willing you are to fight the salary. I think this sounds like they are trying to find a work horse to fill some hours for pretty cheap. I would want AT LEAST $40 per hour minimum. However, money is not everything so you need to make the decision on how bad you want this job. Let us know, Link to comment Share on other sites More sharing options...
njsurgpa Posted July 25, 2011 Share Posted July 25, 2011 Congrats on the job offer! Definitely get employer paid malpractice WITH TAIL coverage (this is a must). In terms of retirement, is it 8.7% profit sharing? What about 401k match...which is generally bet 3-8%. An AAPA salary profile ($30 I believe) should help with salary ranges in your area. $78k is not a bad starting point, but unlikely their final offer. You can probably get them to increase this a bit ($82k?) and see if they are willing to renegotiate in 6 months. Remember, as a new PA graduate, your employer has nothing to base your potential performance on. In 6 mo to a year you should be able to prove your value and worth to the practice. Hope this help. PM with any questions. Regards, Mike Link to comment Share on other sites More sharing options...
njsurgpa Posted July 25, 2011 Share Posted July 25, 2011 Congrats on the job offer! Definitely get employer paid malpractice WITH TAIL coverage (this is a must). In terms of retirement, is it 8.7% profit sharing? What about 401k match...which is generally bet 3-8%. An AAPA salary profile ($30 I believe) should help with salary ranges in your area. $78k is not a bad starting point, but unlikely their final offer. You can probably get them to increase this a bit ($82k?) and see if they are willing to renegotiate in 6 months. Remember, as a new PA graduate, your employer has nothing to base your potential performance on. In 6 mo to a year you should be able to prove your value and worth to the practice. Hope this help. PM with any questions. Regards, Mike Link to comment Share on other sites More sharing options...
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