Phlebotomy Salary: Expectations and Reality

Phlebotomists are not paid as much as professionals who do similar jobs in the medical field. However, those with years of experience earn an above average pay package, which is quite decent. According to the U.S. Bureau of Labor Statistics, in 2010 the median phlebotomy salary was $13.50 per hour. This means a phlebotomist potentially takes home an annual salary of about $27,040. This figure varies depending on a few factors. Read on to find out more on phlebotomy salaries and how they compare to salaries of similar medical occupations.

3 Factors That Affect Phlebotomist Salaries

1. Location

How much a phlebotomist earns usually depends on the state in which he practices. According to healthcaresalaryonline.com, the states that offer the best pay packages for these medical professionals are Connecticut, Tennessee, Alaska, Hawaii and Minnesota. Phlebotomists in Connecticut earn the highest annual salaries, taking home $57,450. Phlebotomy Jobs HQ identifies Texas, Arkansas, Oklahoma and Louisiana as having the lowest paid phlebotomists in the country. People working in urban areas earn more than their counterparts in the rural areas. Professionals in New York took home between $21,600 and $40,968 (According to PayScale).

2. Type Of Employer

Salary can also vary depending on the particular type of institution where a professional chooses to work. Most phlebotomists work in hospitals. The U.S Bureau of Labor Statistics puts their hourly wage at $13.50. Phlebotomy jobs HQ puts this figure at between $9 and $12.34. Further, phlebotomists who work in outpatient clinics earn a slightly higher hourly wage: between $10 and $13.36. The same website also highlights the difference that the number of beds in the hospital has on salary. Phlebotomists who work in hospitals with 100 beds or less earn between $8.50 and $11 per hour. Those who work in hospitals that carry more than 500 beds earn between $9.63 and $13.50 per hour.

Phlebotomists working for physicians earn an average of $13 per hour. Professionals who work in private clinics and reference labs, on the other hand, earn slightly higher hourly wages. They earn $15.90 and $20.16 respectively. The figures provided by the Bureau are median hourly wages in 2010. Healthcaresalaryonline.com indicates that those who work in blood banks and the insurance industry could earn up to $30 per hour.

3. Level of  Experience

Phlebotomy yearly salary increases with the number of years one has been practicing. According to PayScale, salaries at entry level and with experience of less than one year range between $19,408 and $36,065. Those with experience of between one and four years earn between $19,080 and $38,599. The next category is made of those with five to nine years of experience. They take home annual salaries between $22,144 and $41,209. Professionals with between ten and 19 years of experience earned between $20,511 and $44,277. The last category is those who have over 20 years of experience. They walked away with between $23,709 and $49,329. A few phlebotomists earn up to $60,000. These figures were updated on 6 June 2012. Getting certification also affects how much an individual will take home. Not all states require that they get certification. Generally, certified phlebotomists earn more and are more likely to be hired over others who are not certified.

Why Study Phlebotomy?

A career as a phlebotomist has many benefits due to growing demand

Many professionals have found pleasure working in this field and some do take home very attractive salaries. The job also comes with job benefits such as retirement plans, health care benefits and paid vacation. The Bureau predicts that employment of phlebotomists will increase in the coming years. This is due to technological advances that will require more tests be done and the increase in population in the country.

A career in phlebotomy allows for the growth of an individual. It is a good stepping stone to other positions in the healthcare field, for instance nursing. The experience gained performing the tasks in the job description will make the transition to other related fields almost seamless.

How Does The Phlebotomy Salary Compare With Salaries of Similar Occupations?

Compared to similar laboratory technicians, phlebotomists do not earn as much, although the annual salary affords a very comfortable lifestyle. According to the Bureau, as at May 2010, a medical laboratory scientist working in a hospital earns an hourly wage of $28.62. A histo-technician in the same institution earns $24.16 per hour. On the other hand, a histotechnologist works for $28.66 per hour. These differences could be because the work of a phlebotomist is slightly easier than the others.

Conclusion

A phlebotomy salary is slightly lower than the salaries of professionals who work in similar positions in the medical field, on average. That said, the salary is usually determined by certain factors such as location of the health facility, experience, and type of employer. On the bright side, the occupation does offer many opportunities to grow. In addition, the demand for phlebotomists expected to rise makes this a good choice in career.