The majority of medical transcriptionists do not have traditional jobs or salaries. If you choose this career you will most likely work on a free-lance basis; you may have your own transcription business, or you may work for someone else’s transcription business. Your income is based on production meaning the faster you work, the more money you can make. Motivated self-starters do best in this career, and many take great satisfaction in a job that compensates them based on work actually done.
According to the Bureau of Labor and Statistics the average income for a Medical Transcriptionist is $35,540. Part-time workers and those who work a flexible schedule can expect to make less.
While free-lance jobs do not come with any benefits, as a free-lance medical transcriptionist you will have the freedom to work hours that fit your own personal schedule, and could save on child-care, clothing and transportation costs.