Saturday, January 24, 2009

Medical Transcription Salary Outlook

So how much can an MT actually make?

MT salaries can vary greatly, and your actual earnings will depend on a few different factors. For example, an MT who works from home and has her own accounts will usually make more money than an MT who works for an online service or at a traditional job setting.

According to the U.S. Department of Labor the average earnings for MTs in the year 2004 was between $11.50 and $16.32 per hour. MTs in the higher earnings range (10%) earned $19.11 per hour.

Now, keep in mind that’s just a statistic. How much you actually earn can vary greatly and it’s really difficult to come up with a “true” earnings statistic. If you work from home on your own accounts there may be months where you have extra work and months when you have less.

Your earnings could also differ dramatically from another fellow MT who works from home on her own accounts. A great advantage about having your own MT business is you can truly have control over your earnings.

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