Wednesday, April 29, 2009
How Much Does a Chief Medical Officer Make?
You can be a CEO overnight if you start your own business. However, you can't be a CMO overnight. According to Sullivan, Cotter and Associates, Inc., a Chief Medical Officer (CMO) has a median base salary of $373,000 if you work in a healthcare system and a median base salary of $286,000 if you work in an individual hospital. That's just the base salary. Once you include other compensation figures, that number can be significantly higher. Are these numbers accurate? Surprising? What do you think?
I'm putting together something that will address some of the salary figures that are commonly found in the pharmaceutical and biotech industry, so stay tuned.