Salaries For CMO-Know More

Chief Medical Officer (CMO) is a government official designated as the head of medical services in the country and operates at the national rank. They look after both the medical staff and management of the country. In the States, a physician is nominated to become the Chief Medical Officer. CMOs are responsible for the public health care facilities and simultaneously work as an advisor to the President in matters of public health. It is one of the highest-paid jobs in the country. Let us know Salaries For CMO.

Salaries For CMO

In the US, a Chief Medical Officer receives a salary of $390,159 per annum, with a bonus of $112,561. An entry-level CMO with 1-3 years of experience earns up to $236,959 per year. The annual income of a senior-level CMO with more than eight years of experience in the respected field earns up to $663,646 per annum. The per hour salary is $187.58, and the median salary is $383,380. 

Salaries of CMO in different States/Cities

  • Boston, MA

A CMO in Boston receives a salary of $433,221 per annum, with a bonus of $124,984, which is nearly 11% higher than the US Average. An entry-level CMO with more than a year earns up to $263,112 per annum. A senior-level CMO with more than eight years of experience can earn up to $736,891 a year. The per hour pay is $208.28, and the median salary is $425,694 per annum. 

  • Chicago, IL

A CMO in Chicago receives a salary of $396,054 per annum, with a bonus of $144,262, which is nearly 2% higher than the US Average. An entry-level CMO with more than a year earns up to $240,539 per annum. A senior-level CMO with more than eight years of experience can earn up to $637,672 per annum. The per hour pay is $190.41, and the median salary is $389,173 per annum.

  • Dallas, TX

Chief Medical Officer in Dallas receives a salary of $423,146 per annum, with a bonus of $122,078, which is nearly 8% higher than the US Average. An entry-level CMO with more than a year of experience can make up to $256,993 in a year. A senior-level CMO with more than eight years of experience can make up to $719,755 per annum. The hour per salary is $203.44, and the median salary is $451,794 per annum. 

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  • Los Angeles, CA

A CMO in LA receives a salary of $436,554 per annum, with a bonus of $125,946, which is nearly 12% higher than the US Average. An entry-level CMO with more than a year earns up to $265,136 per annum. A senior-level CMO with more than eight years of experience can earn up to $742,560 a year. The per hour pay is $209.88, and the median salary is $428.968 per annum.

  • New York, NY

Chief Medical Officer in New York receives a salary of $467,172 per annum, with a bonus of $134,779, which is nearly 20% higher than the US Average. An entry-level CMO with more than a year of experience can make up to $283,732 a year. A senior-level CMO with more than eight years of experience can make up to $794,640 per annum. The hour per salary is $224.60, and the median salary is $459,055 per annum. 

  • San Francisco, CA

Chief Medical Officer in Dallas receives a salary of $478,964 per annum, with a bonus of $138,181, which is nearly 23% higher than the US Average. An entry-level CMO with more than a year of experience can make up to $290,894 a year. A senior-level CMO with more than eight years of experience can make up to $814,698 per annum. The hour per salary is $230.27, and the median salary is $470,642 per annum. 

  • Washington, DC

An average salary of a CMO in Washington is $431,978 with a bonus of $124,626, which is 11% higher than the US Average. An entry-level CMO with more than a year of experience can make up to $262,357 per annum. A senior-level CMO with more than eight years of experience earns up to $734,777 per annum. The per hour salary is $207.68, and the median salary is $424,472 per annum. 

  • Miami, FL

Chief Medical Officer in Miami receives a salary of $412,406 per annum, with a bonus of $118,979, which is nearly 6% higher than the US Average. An entry-level CMO with more than a year of experience can make up to $250,470 a year. A senior-level CMO with more than eight years of experience can make up to $701,586 per annum. The hour per salary is $118.27, and the median salary is $405,240 per annum. 

How to Become a CMO

The first step is to graduate with a Bachelor’s Degree and Master’s Degree in Medical from an acknowledged school. The next step is to function as an intern to gain experience in the respective field of study. One can pursue further studies for a Doctorate in medicine or governance. You can even opt for a Master of Health Administration (MHA) or Master of Business Administration (MBA) for further knowledge in medical administration. On-the-job training will help you improve your skills in leadership, communication, management, and decision-making. 

Chief Medical Officer Demographics

In a survey, there are approximately 11,319 CMOs. Amongst those numbers, 35.5% are women CMOs and men CMOs are about 64.5%. There is a gender pay gap of $25,103 between men and women. The women Chief Medical Officers make an average salary of $163,418 per annum while men make $188,521 yearly. White is the most common ethnicity with 67.5%, followed by Hispanic or Latino at 12.8%. Asians are at 7.1%, and Black or African Americans are at 10.1%. The rest are unknown at 1.9%, and American Indian/ Alaska Native are at 0.5%. 

The Bottom Line

Chief Medical Officers work with both government and medical institutions. According to a recent survey, there is a potential rise of 11% in the salary of CMOs. The estimated pay in 2027 can reach up to $435,007 per annum. About 99% of Chief Medical Officers have completed their Master’s Degree in administration and medicine. Boston has the highest demand for CMOs in the country. 

FAQs

  • What skills are in demand to become a chief medical officer?

CMOs must possess skills like communication ability, teamwork, leadership, persuasiveness, problem-solving skills, decision-making skills, and management skills. 

  • Which city has the highest salary for CMOs?

San Francisco, California, has the highest-paid salary for Chief Medical Officer. The average salary is $487,961, which is 26% higher than the US Average. 

  • Which is the best school to get a Master’s Degree from?

Any ivy league college is a better choice to graduate as a Medical Representative. 

Salaries For CMO-Know More

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