Medical Transcription Salary Outlook

S o how much can an MT             earnings could also differ         actually make?                  dramatically from another fellow                                  MT who works from home on her own  MT salaries can vary greatly, and     accounts.                          your actual earnings will depend                                         on a few different factors. For       A great advantage about having     example, an MT who works from         your own MT business is you can    home and has her own accounts         truly have control over your       will usually make more money than     earnings. The more accounts you    an MT who works for an online         have, the more money you'll make.  service or at a traditional job                                          setting.                                                                                                       As your business grows you can     According to the U.S. Department      hire subcontractors and take on    of Labor the average earnings for     even more work. There really is    MTs in the year 2004 was between      no limitation in how large your    $11.50 and $16.32 per hour. MTs       business can grow.                 in the higher earnings range                                             (10%) earned $19.11 per hour.         You may also choose to have a                                            smaller and easier to handle       Now, keep in mind that's just a       business. You can always work a    statistic. How much you actually      little extra to increase your      earn can vary greatly and it's        earnings, or simply take on the    really difficult to come up with      amount of work that suits your     a "true" earnings statistic.          needs.                                                                                                      If you work from home on your own     If you have a home based MT        accounts there may be months          business and you do all the work   where you have extra work and         yourself, you can make anywhere    months when you have less. Your       between $20,000 a year to $50,000  a year. A larger transcription        It's really difficult to say       service, which hires                  exactly how much your medical      subcontractors can earn between       transcription salary will be. But  $50,000 a year to $200,000 and        one thing to keep in mind is the   upwards.                              earning potential is there and                                           there are many opportunities for   Medical transcription jobs            you to take.                       outside the home can vary just as                                        much, depending on where you          This is TRULY a business which     live. Earnings can be from $9.00      allows you to have control over    per hour to $22.00 per hour.          how much you earn.                                                        About the Author: Mila Sidman is an experienced MT and owner of http://www.AskTheMT.com - an informative website dedicated to answering all your medical transcription questions. Source: www.isnare.com