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The average salary for medical transcriptionists in May 2012 was $34,650, according to the Bureau of Labor Statistics. However, because being a transcription editor requires advanced skills and experience, they are likely in the top 10 to 25 percent of the professionâs earners, meaning they bring in between $40,820 and $47,250. Editors working in certain transcription industries may earn more than others.
The most common medical transcription salary is paid per line of transcription. This can range from $.08 Cents/line to $.15 Cent/line depending on the experience level of the MT, the type of job, and the turn-around time required by the physician.For example, radiology jobs typically have a 4 hour turn-around requirement, but average turn-around requirements are usually in the 24 to 48 hour range.The typical medical transcription salary had median earnings per hour of $15.82 and per year of $32,900 in May 2010.n average, MTs can make anywhere from $13,988 to $28,353 on a part-time basis (25 hours per week) and up to $22,381 to $45,364 on a full-time basis (40 hours per week).