Medical directors in one industry may have an annual salary of $130k while medical directors in a different industry may average over $300k per year. That's quite a difference, isn't it?
Where do medical directors make less? Generally in industries such as non-profit organizations, medical education/publishing companies, government organizations, smaller companies, etc.
Where do medical directors make more? Managed care organizations, pharmaceutical and biotechnology companies, consulting firms, hospital settings, etc. Click here to view managed care medical director salary survey results from the December 2009 Managed Care Magazine (Source: Cejka Search, 2009 Physician Executive Compensation Survey)
So, what is the salary range for a medical director? There's actually an active discussion in the American College of Physician Executives (ACPE) group on LinkedIn where one physician asked, "What resources would you suggest that are accessible (meaning free) that can be used to benchmark appropriate salary levels for a medical director?"