It is not an easy job to become a doctor. It would be heartening to know that doctors happen to be among the highest paid professionals on the planet after so many years of research and related expenses. There is a huge demand for the medical professionals at present given that there are so many specialties available to the aspiring young healers out there.
How Much Does A Doctor Earn?
Well, it varies from one doctor to another.
In case you are taking into consideration the idea of studying medical science, it will be sensible to find out which medical avenue is popular out there and which one generates the maximum revenues.
Below, we have mentioned a list of the top 10 highest earning doctors in Australia right now and some other interesting facts too.
It takes lots of effort to become a neurosurgeon, and one needs to study for at least 10 years for that. Why do they require this training? This is due to the fact that neurosurgeons are experts in diagnosing and treating any disorder in the peripheral and central nervous system. This will comprise ailments like strokes, spine or brain infections, trauma, tumors, and so on.
While a neurosurgeon earns approximately $242,200 per year on the average, it ranges somewhere between $60,000 and $502,000. The total pay will range between $70,900 and $590,000 considering a bonus payment of as much as $101,700. The amount received by a neurosurgeon will depend on his experience as well.
By the term anesthesiologist, we refer to a medical practitioner that specializes in the practice of anesthesia. They will be involved in preoperative treatment for an operation, and they likewise have to design and develop an aesthetic program, and also administer anesthetics to their patients.
While most of the anesthesiologists will be required to study for about eight years prior to becoming fully competent, there are likewise fields like persistent pain or pediatric anesthesia where they might consider specializing as well.
While the average salary of an anesthesiologist will be around $153,000 every year, their salaries are going to range between $51,000 and $296,900. The overall pay will range between $51,900 and $300,000 along with a bonus payment of up to $12,000 and profit sharing of as much as $2,025. The average salary of an anesthesiologist will be affected by their experience as well as the level of competence.
We all know that psychiatrists are involved in treating mental and emotional disorders, and they often have to face different medical complications as well. They also help individuals suffering from substance abuse issues.
A typical psychiatrist is equipped with different types of tools such as psychotherapy, electroconvulsive therapy, and also medications. They must also be an expert in understanding the patients and communicating with them.
The salary of a typical psychiatrist is going to be $132,000 every year with salaries, which might range from $68,502 to $245,000. Their overall payment will vary between $68,700 and $297,000 with a bonus payment of up to $54,000. Their hourly charges will be between $20 and $540 while the average rate will be approximately $70 plus overtime pay as much as $100. The amount received by a psychiatrist will depend on his experience as well as competence.
An entry-level psychiatrist will receive $101,000 per year, a mid-career psychiatrist will receive $159,000 every year, while the experienced ones can expect $158,000 every year. However, the salaries of these medical professionals will vary somewhat in the major urban centers in Australia.
4. Cardiologist, Physician / Doctor
A doctor is responsible for promoting, diagnosing, treating, and also reviving the health of the sufferers. They specialize in their own departments and can treat specific ailments and disorders, and can also offer holistic care as well as therapy to the patients.
On the other hand, a cardiologist is a doctor that specializes in the treatment and diagnosis of medical ailments related to the heart plus the blood vessels. A typical cardiologist will entail at least 10 years of study to become a certified medical practitioner.
The average salary of a cardiologist or a doctor happens to be around $120,000 every year, with fees varying between $58,000 and $ $400,100. Their overall payment will be somewhere between $58,000 and $400,100 along with a bonus payment of as much as $10,000. The amount received by a cardiologist will depend on his experience as well as competence.
An Obstetrician specializes in childbirth, pregnancy, and the postpartum period. Every certified obstetrician happens to be a gynecologist as well who takes care of the reproductive systems of the females out there.
Postgraduate training combines these two studies, so practitioners can provide more well-rounded care to patients. To become a qualified OBGYN it can take anywhere between 11-14 years. Training in the postgraduate department comprises a couple of studies which enable the doctors to offer better overall care for their patients. It can take about 11 to 14 years to become a certified gynecologist/obstetrician at present.
An obstetrician or a gynecologist average charges are around $109,000 every year with fees varying in between $50,000 and $390,000. This might comprise a bonus payment of as much as $10 as well.
A pediatrician is an expert in the treatment and diagnosis of mental, physical, and also behavioral disorders in kids. Children are usually sent to a pediatrician by their parents when they are young in age (up to 5 years). However, in some cases, this might exceed to early adulthood also.
It is the job of a typical pediatrician to treat any ailment in the little ones irrespective of whether it is a minor illness or a serious one. They can likewise administer vaccinations too.
The average fees of a typical pediatrician happen to be around $100,400 every year with their wages varying in between $51,000 and $171,000. Their overall payment is between $51,000 and $171,000 along with a bonus payment of up to $29,800. The amount received by an entry-level pediatrician will not be affected by his or her experience whatsoever. However, the same is not true in the case of the pediatricians who are in the middle of their careers. You will come across many locum doctors in Australia who enjoy the flexibility of deciding when and where to work, and they will likewise have the opportunity of traveling while generating revenues at the same time. In fact, most of them earn good money and can also gain lots of experience in different types of settings. An increasing number of physicians locum full-time nowadays in different cities of Australia while enjoying all these benefits mentioned just now.
It will be possible to maintain good health by enhancing our oral health, and this comprises your teeth too. It is imperative to take the assistance of a dental practitioner to improve the condition of our teeth. In fact, a dentist is capable of performing the standard cleanings, testing the present condition of your teeth, preventing tooth decay, gum disease, oral cancer, and other ailments related to diabetes and AIDs. They can likewise help to swap any broken or lost teeth and also restore them to their original condition too.
A dentist’s average salary will be around $98,000 every year with fees ranging in between $58,000 and $198,000. The overall payment will be somewhere between $60,000 and $200,000 along with a bonus payment of as much as $19,000. While the hourly fees are somewhere in between $28 and $104 with $49 as the average rate, the hourly tips will be as much as $5.8 and the overtime pay is up to $174. The amount received by the dentist will depend on his or her experience and also their level of competence.
The average payment for an entry level dentist will be $93,000; that of one at the middle of his or her career will be $104,000, while an experienced dentist can expect around $121,000.
Optometrists have the responsibility of examining the eyes, identifying any problem, and also treating them. They are involved in curing the impaired vision of a patient and they can even recognize hypertension and diabetes symptoms by testing the eyes.
An optometrist in Australia has to undertake a course of 3 years following which they need to specialize in some specific fields after the completion of residency.
The average wage earned by an optometrist happens to be around $86,000 every year with salaries varying in between $62,000 and $116,000. The overall payment will range between $63,000 and $125,000 along with a bonus payment of as much as $15,000 and commission of as much as $2,100. With an average rate of around $55, the hourly charges are between $29 and $82, while the overtime payment happens to be as much as $46. The overall experience of the optometrist will affect his or her average fees in the long run.
The average payment of an entry level optometrist is around $81,000; that of those who are in the middle of their careers is $99,000, while an experienced doctor can expect anywhere around the $105,000 mark. The salary amount will vary in the major urban centers in Australia.
Physiotherapists, who are experts in the movements and functioning of the human body, are known to diagnose and also cure many types of disorders that might restrict the ability of an individual to operate.
The human body can be restricted by ailments, trauma, and disabilities in a plethora of ways, and these professionals use massage, hydrotherapy, acupuncture, and muscle therapy to treat any condition ranging from severe muscular pain to clogged airways. A physiotherapist in Australia has to undergo a minimum of 4 years of study before becoming a certified professional.
A typical physiotherapist’s average salary happens to be around $62,000 per year with fees ranging in between $46,000 and $86,000. The overall payment varies between $50,000 and $92,000 along with a bonus payment of up to $8,600, a commission of up to $29,000, and profit sharing of as much as $1,200. While the hourly charges happen to be in between $26 and $49, the overtime pay is up to $79 at an average rate of $36.
The amount received by the physiotherapist is affected by his or her experience level as well. In fact, the average payment of an entry level physiotherapist happens to be $62,000, while that of those in the middle of their careers is $74,000, and that of the experienced ones is $81,000.
Physical treatment (up by 1%), physiotherapy (up by 9%), pilates (down by 11%), and rehabilitation (up by 5%) are those skills that are responsible for affecting a physiotherapist’s salary to a great extent. Those that are skilled in musculoskeletal treatments and physiotherapy will receive higher salaries, at $79,000 and $74,000 respectively. On average, the salaries for the other skills are $68,000 for rehabilitation, $66,000 for physical therapy, and $74,000 for elder care.
Well-known employer wages for a physiotherapist are Healthstrong ($66,000 to $74,000), Back in Motion ($58,000 to $76,000), and Healthscope Limited ($46,000 to $74,000).
The payment will differ in the capital cities as well, e.g. Adelaide (down by 2%), Perth (down by 5%), Melbourne (down by 9%), Sydney (up by 4%), and Brisbane (up by 3%).
A podiatrist is responsible for diagnosing and treating medical plus surgical issues involving the lower limbs and the feet. A podiatrist is adept at treating joint and bone ailments like arthritis, postural issues involving the placement of the feet, ingrown toenails, calluses, and also foot injuries.
One needs to study for a minimum of four years to become a certified podiatrist in Australia, following which they might opt to specialize if they want.
The average salary of a podiatrist will be around $61,717 every year, with salaries varying in between $48,000 and $90,400. The overall payment ranges in between $49,400 and $94,800 along with a bonus payment of as much as $11,900, profit sharing of as much as $29,000 and commission ranging in between $2,000 and $38,400. While the hourly fees are between $23.70 and $45.80, the overtime pay is up to $99.30 at an average rate of $34.
The amount received by a podiatrist will depend on his or her level of experience as well. The average payment for the entry level podiatrist is $61,200; that of the doctors who are in the middle of their careers is $74,000, while an experienced one can expect around $88,000.
A podiatrist’s wages can be affected significantly by two skills: podiatry (down by 6%) and biomechanics (up by 9%).
It is important to remember that all these above information refers to the base pay which presumes a 40-hour workweek starting from Monday to Friday. In fact, most of these medical practitioners will work a significant amount of night shifts, overtimes, evening shifts, and so on. These will help them to get more remuneration as compared to those who do not. In that case, they will earn more than what is suggested by their base pay.