How Much Does a Phlebotomy Technician Make?

how much does a phlebotomy technician make

The Library of Congress has more than 162 million items. One little item is a helpful guide to bloodletting, based on the phases of the moon. Published in 1516, it follows an ancient tradition of relieving medical maladies by draining blood from the patient. Today doctors would not look favorably on tapping sick people, but doctors do require blood for analysis and diagnosis. The job of getting that blood falls to trained phlebotomists (from the Greek, phleps, meaning “vein;” tomia, meaning “cutting”) who carefully draw blood, keep precise records, and preserve blood specimens for use by other medical professionals. It can be a rewarding, worthwhile, and valued career.

Return on Investment

One way to select a new career path is to determine your costs to acquire all the skills and knowledge of the new vocation, and weigh that against the income the new job offers. Enrolling in a phlebotomy tech program is a streamlined process when you attend the right professional development center. Take a sixty-hour (ten-week) course and follow up with an externship of eighty hours, and you are ready to sit for your national examination.

Consider what economists call the “opportunity cost” of this path. Opportunity cost is what you have to give up to get whatever you want. Suppose you opt for a fast-food lunch alone. Your opportunity cost is the total monetary cost (food, gas, and time) of the lunch plus the inability (the additional “cost”) to instead have a picnic lunch with your child at the park.

The opportunity cost of becoming a phlebotomist is very minimal. Two, three-hour classes a week (at night) in a phlebotomy tech program barely interrupt your current work and leisure schedule, but they do prepare you for a new career path. When ready, you have no need to seek out the exam, either, if it is conveniently offered where you studied. Unlike, say, taking up a franchise operation, you have almost no up-front investment in specialized equipment or real estate. And unlike a full undergraduate program, the phlebotomy tech program is done (start to finish) in around three months. You give up the stresses and headaches of a job you may have but not want, and gain the power of pursuing a career (or even improving a career you’re in, like medical assisting!).

Seeing Green: Salary of a Phlebotomist

phlebotomist salaryWhile most people associate blood with the color red, you may want to think of it as a way to see green, as in money. According to the Bureau of Labor Statistics (BLS), trained, skilled phlebotomists are respected members of the medical community and as such are paid for their talents:

  • Median Annual Wage, May, 2014 in all sectors—$30,670
  • Median Annual Wage, May, 2014 in medical and diagnostic laboratories—$32,240
  • Median Annual Wage, May, 2014 in insurance carriers—$42,870

phlebotomist job growthThe Industry is Seeing Rapid Growth

The BLS predicts job growth for phlebotomy technicians of 25 percent from now through 2024. Since you can acquire the skills to become a phlebotomist through a phlebotomy tech program in as little as three months, you could easily tap into this job growth and spend many years watching your income grow.

Seeing Red: Is Phlebotomy for You?

Admittedly, drawing blood is not for everyone. If you are squeamish, a phlebotomy tech program may not be an ideal fit. The work phlebotomists do is vital in every community, and requires a strong set of positive personality traits:

  • Compassionate and sociable—You need to put people at ease as you prepare to draw their blood; you also get to meet a wide range of people of all ages and outlooks
  • Good hand-eye coordination—Your keen eye and steady hands need to find the vein the first time, often under difficult conditions (squirming children, poor lighting, impatient patients)
  • Attention to detail—No matter how we look on the outside, we all share the same-looking blood, so phlebotomists must perform every step correctly, double-checking vials, entering data, knowing how many vials to collect
  • Dexterity—You work almost exclusively with your hands and use many types of equipment

From routine blood analysis to helping blood donors save lives, phlebotomists perform helpful and valuable work every day.

Red-Letter Day?

Several organizations offer national examinations for phlebotomy technicians:

With the right training and careful attention to coursework in a phlebotomy tech program, you can take and pass the national examination and be ready to work in many settings, such a medical centers, insurance agencies, doctors’ offices, medical laboratories and more.

Learn the Skills, Pass the Test, Become a Phlebotomist

Attend the phlebotomy tech program at ECPI University’s Professional Development Center and get ready to take the national examination. The Professional Development Center schedules classes with working adults in mind and knows your time is valuable. Get the skills you need to find your new direction as a phlebotomy technician. Contact ECPI University today!

DISCLAIMER – ECPI University makes no claim, warranty, or guarantee as to actual employability or earning potential to current, past or future students or graduates of any educational program we offer. The ECPI University website is published for informational purposes only. Every effort is made to ensure the accuracy of information contained on the domain; however, no warranty of accuracy is made. No contractual rights, either expressed or implied, are created by its content.

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