Financial Fellowship Ask

Physician money, answered straight.

Contracts, student loans, insurance, and the attending transition, broken down by specialty and by the decision in front of you.

Ask your question

How do you compare anesthesia job offers by call burden?

Divide total pay by total hours, including call. That one number lets you compare any two offers. A high base with heavy call routinely pays less per hour than a lower base with sane hours.

Base salary is marketing. Dollars per hour is the truth.

The hourly rate formula

Hourly rate = total annual compensation / total annual hours worked

Total compensation means base plus call stipends, bonuses, and the cash value of benefits you can quantify. Total hours means every hour the job owns: scheduled shifts, in house call, home call, weekends, and holidays.

Estimate weekly hours, multiply by 50 working weeks, and divide. Two offers, same formula, no spin.

Worked example: high base, heavy call vs lower base, sane hours

Illustrative numbers.

Offer A: $520,000 base, heavy call

  • 4 days a week in the OR, 10 hour days: 40 hours
  • In house call 1 night a week, in the building all night: 14 hours
  • One 24 hour weekend a month: 6 hours a week averaged
  • Total: about 60 hours a week
  • Annual hours: 60 x 50 = 3,000
  • Hourly rate: $520,000 / 3,000 = $173 per hour

Offer B: $450,000 base, sane call

  • 4 days a week, 10 hour days: 40 hours
  • Home call 1 night a week, 2 hours of callbacks plus tether time: 5 hours
  • One weekend every two months: 2 hours a week averaged
  • Total: about 47 hours a week
  • Annual hours: 47 x 50 = 2,350
  • Hourly rate: $450,000 / 2,350 = $191 per hour

Offer A pays $70,000 more in base. Offer B pays $18 more per hour and gives you back 650 hours a year. That is 650 hours of sleep, family, and your actual life.

Offer A: $520,000Offer B: $450,000
Base salary$520,000$450,000
Hours per week (incl. call)6047
Annual hours3,0002,350
Effective hourly rate$173$191
Extra hours vs Offer B+650 a yearbaseline

The $70,000 raise costs 650 hours. That is about $108 an hour for the marginal hours, well below the base rate. Nobody would take a side gig at $108 an hour when their time is worth $191. But that is what Offer A asks you to do.

What counts as hours

Count everything the job takes from you:

  • In house call: count it all. You are in the building. Even sleeping hours in the call room are hours you cannot spend anywhere else. Count 100 percent.
  • Home call: count the hours you actually work, plus a discount for the restriction. A common approach: count actual callback hours fully, and add 25 percent of the remaining on call time for being tethered. Home call from 5pm to 7am with 2 hours of callbacks = 2 + (12 x 0.25) = 5 hours.
  • Weekends: count them the same way. A 24 hour weekend call with 10 hours of cases is not a day off. It is a 10 hour workday that also ate your Saturday.
  • Post call days: if you are functionally useless the day after a rough call, that is a cost too. You do not have to put it in the formula, but do not pretend it is free.

Be consistent across offers. The formula only works if you count the same way both times.

How to ask for call data

Groups know their call numbers. Ask directly:

  1. "How many call nights per month for a first year attending?" Get the number.
  2. "In house or home call?" Changes the math completely.
  3. "Average cases per call night?" A quiet call room and a busy one are different jobs.
  4. "How many weekends a year?" Get the exact count.
  5. "What is the post call policy?" Home by noon is different from working a full day.
  6. "Can I talk to the most junior attending about call?" They will tell you the truth the recruiter will not.

If a group gets vague on any of these, treat that as data. Groups with humane call brag about it.

The verdict

Offer B wins here, and it is not close. $191 an hour with your life intact beats $173 an hour with 650 extra hours of call. But verdicts vary by person: if you are 31, single, and want to bank cash for three years, Offer A's extra $70,000 a year is real money. Just know you are selling those 650 hours at $108 each, and decide with your eyes open.

The formula does not tell you what to choose. It tells you what you are actually choosing between.

Run the same math on every offer in the contracts guide. Back to the Anesthesiology New Attending hub.

Follow up questions

Should I include benefits in total compensation?

Yes, the ones with clear dollar values: 401k match, health insurance premiums the employer pays, malpractice. A $450,000 offer with a $20,000 match and $25,000 of paid malpractice is a $495,000 offer. Add it before you divide.

What about partnership track value?

Do not put it in the hourly math. Partnership is a maybe, years away, with buy in costs attached. Compare the guaranteed deal in front of you. Treat partnership as upside, not compensation.

How do I compare a job with no call?

Easy. That is the whole point of the formula. A $400,000 job at 45 hours a week is $178 an hour. It beats Offer A but not Offer B. No call is worth real money. Price it.

Does location change the math?

The hourly formula is location blind, so adjust after. $173 an hour in San Diego and $173 an hour in Des Moines are different lives. Run the formula first, then apply cost of living and your own preferences.

What is a good hourly rate for anesthesia?

There is no national benchmark worth quoting, because the market moves by region and practice type. The rate is a comparison tool between your offers, not a grade. The offer with the higher number wins on pay per hour. Whether the job wins on everything else is your call.

Sources

  • Residency Advisor on anesthesia contract terms including call structure and what to negotiate.

Have a money question we have not answered?

If you have a question about a decision you are about to make, ask it here.

Ask your question

More reading

If you have a question about a decision you are about to make, ask it here

Ask your question

Education for physicians. Run the numbers against your own contract, specialty, and state, and confirm moves with your licensed planner, CPA, or attorney.