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06-13-2006, 08:24 PM
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#1 | | Junior Member
Join Date: Jun 2006
Posts: 54
| Most Rewarding Doctor
I want to become a doctor but i'm not sure what kind yet. What are the top 10 most rewarded doctors. ( do not include surgeons) rewarded= pay
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06-13-2006, 08:43 PM
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#2 | | New Member
Join Date: May 2006
Posts: 7
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I am a practicing physician and I am rewarded every day, and it is not via my paycheck! I live in a malpractice crisis state, practice OB/GYN, and drive a VW bug. Most physicians did not go into the field for the type of rewards you are looking at. And the field of medicine in 5-10 years may be very different than it is today. Four years out from my residency and I traded in my Honda for a BMW. Fast-forward 20 years and things are a bit different, now a VW for me. I love it, the "rewards" now continue, and I wouldn't change a thing. It is the passion, the calling, and that is what will "reward" you.
You want just money, try interventional radiology or interventional/invasive cardiology. They "rake" in the dough in my area. They include some of the unhappiest folks I know. Money can't buy everything.
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06-13-2006, 08:49 PM
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#3 | | Senior Member
Join Date: Feb 2006
Posts: 9,585
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Venture capital, finance, corporate law, malpractice attorneys, investment banking, management consulting...
Do one of these well enough and you'll outearn several doctors combined.
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06-13-2006, 09:25 PM
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#4 | | Senior Member
Join Date: Mar 2006
Posts: 1,119
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"They include some of the unhappiest folks I know"
Why is that?
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06-13-2006, 09:37 PM
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#5 | | Junior Member
Join Date: Jun 2006
Posts: 54
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inlike flint i understand what your saying you sholud do something because you love it not because of the pay. I like the way you say what you really think. Sorry for being so greedy.
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06-13-2006, 09:37 PM
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#6 | | Junior Member
Join Date: Feb 2006 Location: Southern California
Posts: 75
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BDM - ya but what are the chances that you'll do one of those well? There's got to be tons of competition in the fields you mentioned as well and plus success in those fields largely depends on the state of the economy as well - at least becoming a doctor (matriculating into med school) your basically guaranteed a reasonably "rewarding" income that's SECURE (unless your a surgeon or something and you get repeatedly sued) as long as there's sick people around.
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06-13-2006, 09:44 PM
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#7 | | Senior Member
Join Date: Feb 2006
Posts: 9,585
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1.) As for security, that's sort of true now, once malpractice premiums get reined in (which they will, one way or another), for now. But watch for health care reform in the near future which will - among other things - reduce physician compensation. This is a prediction, not a fact, but most health economists are in pretty strong consensus about this.
2.) As for the other jobs I mentioned, they're mostly hard to get into, the same way med school is hard to get into. Once you land your summer internship in them, they're also quite secure, and the expected value is so much higher (esp. per hour) that the additional risk is economically worth it, no question.
*I should clarify. You're right that many fields do depend partly on the business cycle. But if you make a little bit less than a doctor in the bad years and a TON more (think severalfold) in the good years, then that's hardly what I'd call "insecure", relatively speaking. And law, obviously, does not depend on the business cycle.
Being a doctor is a dumb economic move unless you're simply not qualified to go into a business field or medium-to-high caliber law schools. That's not to say it's a bad move at all - it's a very rewarding profession. But financially, it's not the best way to go, period.
Last edited by bluedevilmike; 06-13-2006 at 09:51 PM.
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06-13-2006, 10:41 PM
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#8 | | Senior Member
Join Date: Apr 2006
Posts: 3,294
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This is just one source, and I think it is LA salaries since it is from the LA Times. I'll post a couple more sources I find.
SPECIALTY
Years 1-2
>3
Max
Allergy/ Immunology
$158,000
$221,000
$487,000
Ambulatory
$ 80,000
$112,000
$152,000
Anesthesiology: Pediatrics
$ 283,000
$311,000
$378,000
Anesthesiology: General
$207,000
$275,000
$448,000
Anesthesiology: Pain Management
$315,000
$370,000
$651,000
Cardiology: Invasive
$258,000
$395,000
$647,000
Cardiology: Interventional
$290,000
$468,000
$811,000
Cardiology: Noninvasive
$268,000
$403,000
$599,000
Critical Care
$187,000
$215,000
$320,000
Dermatology
$ 195,000
$308,000
$452,000
Emergency Medicine
$192,000
$216,000
$295,000
Endocrinology
$171,000
$187,000
$260,000
FP (with OB)
$182,000
$204,000
$241,000
FP (w/o OB)
$161,000
$135,000
$239,000
FP - Sports Medicine
$ 152,000
$208,000
$363,000
FP - Urgent Care
$128,000
$198,000
$299,000
Gastroenterology
$265,000
$349,000
$590,000
Hematology/Oncology
$181,348
$245,000
$685,000
Infectious Disease
$154,000
$178,000
$271,000
Internal Medicine
$154,000
$176,000
$238,000
IM (Hospitalist)
$161,000
$172,000
$245,000
Medicine/Pediatrics
$139,000
$168,000
$271,000
Medical Oncology
$198,000
$257,000
$455,000
Neonatal Medicine
$286,000
$310,000
$381,000
Nephrology
$191,000
$269,000
$447,000
Neurology
$180,000
$228,000
$345,000
Obstetrics/Gynecology
$211,000
$261,000
$417,000
Gynecology
$159,000
$213,000
$358,000
Maternal/Fetal Medicine
$286,000
$322,000
$610,000
Occupational Medicine
$139,000
$185,000
$290,000
Ophthalmology
$138,000
$314,000
$511,000
Ophthalmology Retina
$280,000
$469,000
$716,000
Orthopedic Surgery
$256,000
$342,000
$670,000
ORS - Foot & Ankle
$228,000
$392,000
$791,000
ORS - Hand & Upper Extremities
$288,000
$459,000
$770,000
ORS - Hip & Joint Replacement
$330,000
$491,000
$715,000
ORS - Spine Surgery
$398,000
$670,000
$1,352,000
ORS - Sports Medicine
$266,000
$479,000
$762,000
Otorhinolaryngology
$194,000
$311,000
$516,000
Pathology
$169,000
$321,000
$610,000
Pediatrics
$135,000
$175,000
$271,000
Pediatrics - Cardiology
$145,000
$282,000
$607,000
Pediatrics - Critical Care
$196,000
$259,000
$398,000
Pediatrics - Hematology/Oncology
$182,000
$217,000
$251,000
Pediatrics - Neurology
$175,000
$189,000
$362,000
Physiatry
$169,000
$244,000
$313,000
Podiatry
$128,000
$168,000
$292,000
Psychiatry
$149,000
$169,000
$238,000
Psychiatry - Child and Adolescent
$158,000
$189,000
$265,000
Pulmonary Medicine + Critical Care
$215,000
$288,000
$417,000
Radiation Oncology
$241,000
$385,000
$787,000
Radiology
$201,000
$354,000
$911,000
Rheumatology
$179,000
$229,000
$378,000
Surgery - General
$226,000
$291,000
$520,000
Surgery - Cardiovascular
$336,000
$515,000
$811,000
Surgery - Neurological
$354,000
$541,000
$936,000
Surgery - Plastic
$237,000
$412,000
$820,000
Surgery - Vascular
$270,000
$329,000
$525,000
Urology
$261,000
$358,000
$619,000
SOURCE: Allied Physicians, Inc., Los Angeles Times and Rand McNally
*Updated June, 2006
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06-13-2006, 10:48 PM
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#9 | | Senior Member
Join Date: Apr 2006
Posts: 3,294
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06-13-2006, 10:53 PM
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#10 | | Senior Member
Join Date: Feb 2006
Posts: 9,585
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These numbers, at least in some cases, are higher than the means I found (for 27708) on salary.com, indicating geographic sensitivity. Obviously, this makes sense. The point is that you should remember that LA has a very high cost of living and insane taxes.
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06-13-2006, 11:00 PM
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#11 | | Senior Member
Join Date: Apr 2006
Posts: 3,294
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From the website: http://www.allied-physicians.com/sal...laries-old.htm
Allied Physicians Survey 2000
Physician Specialties Average Base Starting
National Average
Average base $145,000
Starting $130,000
Cardiology - Invasive
$216,000
$195,000
Cardiology - Non Invasive
$195,000
$175,000
Family Practice
$136,000
$124,000
Hematology/Oncology
$161,000
$122,000
Internal Medicine
$236,000
$149,000
Neurology
$167,000
$131,000
Obstetrics/Gynecology
$324,000
$230,000
Occupational Medicine
$152,000
$128,000
Pediatrics
$136,000
$123,000
Psychiatry
$185,000
$135,000
Physiatry
$136,000
$119,000
Pulmonary
$179,000
$149,000
Radiology
$193,000
$162,000
Rheumatology
$154,000
$135,000
Surgery/Orthopedics
$286,000
$224,000
Urology
$227,000
$190,000
Physician Assistant
$67,000
$60,000
The following are specialties and information on compensation from a number of sources:
Anesthesiology
$223,082
$228,000
$213,400
$201,000
$262,327
$190,000
NA
$162,500
$180,690
$193,612
$203,326
Cardiology
$252,098
NA
$204,200
$205,900
$262,057
$182,000
$227,921
$150,000
$186,986
$198,045
$207,690
Emergency Medicine
$171,789
$171,000
$162,800
$128,300
$174,775
$150,00
NA
$150,000
$152,000
$154,911
$157,286
Family Practice
$126,574
$116,800
$125,600
$120,000
$132,578
$129,000
$126,957
$100,000
$126,838
$121,905
$122,625
General Surgery
$206,411
$232,700
$198,500
$164,400
$223,764
$169,000
$213,960
$150,000
$168,292
$175,703
$190,273
Internal Medicine
$134,897
$147,300
$131,200
$113,000
$141,129
$130,000
$131,205
$100,000
$126,840
$118,086
$127,366
Neurology
$162,250
NA
$147,600
$144,000
$188,765
$166,000
NA
$125,000
$134,417
$126,436
$149,309
Obstetrics/Gynecology
$219,829
$221,900
$209,700
$200,000
$231,565
NA
$214,081
$180,000
$193,000
$184,200
$204,752
Oncology
$192,055
NA
$170,700
$155,400
$229,184
$166,000
NA
$120,000
$213,731
$142,171
$173,655
Pathology
$202,486
$197,300
$173,600
$150,000
$210,070
$200,000
NA
$130,000
$150,761
$161,215
$175,048
Pediatrics
$130,380
$135,400
$126,900
$110,600
$135,000
$120,000
$120,357
$100,000
$117,053
$121,213
$121,776
Psychiatry
$163,446
$171,300
$167,400
$180,000
$168,123
$199,000
$135,682
$180,000
$173,446
$124,465
$138,267
Radiology
$238,648
NA
$219,100
$177,714
$291,251
$175,000
$213,316
$140,000
$189,723
NA
$209,150
Last edited by Bigredmed; 06-13-2006 at 11:11 PM.
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06-13-2006, 11:10 PM
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#12 | | Senior Member
Join Date: Feb 2006
Posts: 9,585
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Whoa - those are some huge standard errors.
Anesthesiology 27843.44921
Cardiology 33103.05886
Emergency Medicine 14385.91539
Family Practice 8682.706534
General Surgery 26926.20731
Internal Medicine 13120.78849
Neurology 20523.81036
Obstetrics/Gynecology 16780.66301
Oncology 34093.24158
Pathology 26950.92187
Pediatrics 10428.7754
Psychiatry 22214.2888
Radiology 43230.08027
Last edited by bluedevilmike; 06-13-2006 at 11:20 PM.
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06-13-2006, 11:22 PM
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#13 | | Senior Member
Join Date: Apr 2006
Posts: 3,294
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Yes, it becomes very clear that physician salaries vary widely. Considering the differences between geography, the sheer number of practice options, and benefit packages, this shouldn't be a surprise.
Of particular importance for those looking for the "most" money, realize that unlike almost any other profession, doctors are needed EVERYWHERE, even places where people don't want to practice. In order to lure people there, money is used to get MD's to places like North Dakota, where the cost of living is not that great. While your paycheck may not be as large as someone living in LA, but your money will go much farther, allowing you to live far richer than you might otherwise.
For example, a good friend of mine starting at KU school of medicine this fall, her parents live in Hutchinson KS, where her dad is a family practice doc. They live in an amazing house with an indoor pool, on the Prairie Dunes Golf Course which hosted the 2002 US Women's Open (#24 course in America according to Golf Digest). Her parents and all their doctor friends are pillars of the community. It's not even a question that he would earn more in a larger city, but it likely wouldn't make up for the difference in the cost of living...
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06-14-2006, 01:49 AM
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#14 | | Junior Member
Join Date: Jun 2006
Posts: 54
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thank you big red and blue devil for providing these stats !
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06-14-2006, 01:54 AM
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#15 | | Senior Member
Join Date: Feb 2006
Posts: 9,585
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By the way, somebody gave me a pack of gum yesterday labelled "Big Red", and I couldn't help but think of CC. I think I'm spending too much time on these boards...
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