The Bureau of Labor Standards estimate that as on May 2008, 29,460 pediatricians work in the United States, which is about 7.5 percent of all physicians.
Pediatricians enjoy mean hourly wages of $77.60 and mean annual wages of $161,410. Those in the bottom ten percentile earn hourly wage of $40.79 and an annual wage of $84,840.
An overwhelming majority of pediatricians work independently in their clinics, or in outpatient care centers. Others work in general medical and surgical hospitals. The most popular alternative career options include teaching in colleges, universities, and professional schools.
The top paymasters are hospitals and outpatient care centers of the local government. Independent practice provides about the mean wages. As a rule of thumb, the greater the experience, the better the chances you have of landing a high paying and top medical job in a hospital. A pediatrician with one to two years of experience may earn about $135,000, whereas those with many years of experience can aspire for salaries of $270,000 and above.
The Bureau of Labor Standards estimates the job prospects for physicians will grow at a rate of about 22 percent, which is more than the average for all jobs. The projected job prospects for pediatricians are on similar lines, but the specific demand varies based on the geographical region and local conditions. For instance, a retirement community would hardly have any pediatrician job prospects, whereas most urban centers have a good pediatrician job prospects.