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How much is a yearly salary for a Doctor?
#money #financial-planning #medicine #medical
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Richard’s Answer
Physician compensation varies widely based on location and specialty.
For example primary care physicians (including family practice and pediatrics) can make about $150,000-240,000 in the USA. But orthopedic surgeons average between $400,000-750,000
For example primary care physicians (including family practice and pediatrics) can make about $150,000-240,000 in the USA. But orthopedic surgeons average between $400,000-750,000
Updated
Deema’s Answer
Hi Julianna! Thanks for your question.
The short answer, it depends on your specialty.
After medical school, graduates then become residents in which they work for 3-5+ years in their particular specialty. While they're a resident, they typically make ~$40,000 - $55,000 a year. If they decide to further specialize and do a fellowship after residency, they may have several years of roughly that same salary.
After residency, doctors can make varying amounts of money based on their specialty and geographic location. For example, there are often financial incentives to practicing in rural areas. Keep in mind that medical education can be quite expensive. Once students graduate, they can have more than $100,000 of loans, so much of their salary will initially have to go to paying those off.
That all being said, working in medicine is an incredibly rewarding experience and there is pretty much guaranteed job security. If you want to see more information on the break down of different specialties and their respective salaries, go to:
https://www.kaptest.com/study/mcat/doctor-salaries-by-specialty/
The short answer, it depends on your specialty.
After medical school, graduates then become residents in which they work for 3-5+ years in their particular specialty. While they're a resident, they typically make ~$40,000 - $55,000 a year. If they decide to further specialize and do a fellowship after residency, they may have several years of roughly that same salary.
After residency, doctors can make varying amounts of money based on their specialty and geographic location. For example, there are often financial incentives to practicing in rural areas. Keep in mind that medical education can be quite expensive. Once students graduate, they can have more than $100,000 of loans, so much of their salary will initially have to go to paying those off.
That all being said, working in medicine is an incredibly rewarding experience and there is pretty much guaranteed job security. If you want to see more information on the break down of different specialties and their respective salaries, go to:
https://www.kaptest.com/study/mcat/doctor-salaries-by-specialty/
Updated
Rachel’s Answer
As a resident you will make 50- 65 thousand dollars a year. Upon completion of training, annual increase in salary can be highly variable. It depends on whether you work in private practice or in academia. It also depends on your patient population. If you are in private practice and get paid by how many patients you see, then years of experience and developing a reputation in the community will allow for a pay increase. In academia, payment may be based on years working for the institution, research, etc.