What is the highest paying MD job?

Asked by: Tiana Ondricka  |  Last update: December 6, 2023
Score: 4.8/5 (61 votes)

Neurosurgeons are the highest paid physician specialists, earning an average of $788,313 annually, according to Doximity's "2023 Physician Compensation Report." The results were drawn from survey responses from 190,000 physicians over the last six years, including 31,000 in 2022.

What are the highest paid MD professions?

Here are the top 20 specialists by average pay:
  • Neurosurgery — $788,313.
  • Thoracic surgery — $706,775.
  • Orthopedic surgery — $624,043.
  • Plastic surgery — $571,373.
  • Vascular surgery — $557,632.
  • Oral and maxillofacial — $556,642.
  • Radiation oncology — $547,026.
  • Cardiology — $544,201.

What is the highest paid MD degree?

What are the highest-paying doctor jobs? Neurosurgeons, anesthesiologists, and general surgeons are the highest-paid doctors. According to Payscale, neurosurgeons earned an average annual salary of $421,000 as of March 2023.

Which medical field is the highest paid?

What you'd do: Physicians and surgeons are the highest-earning professionals in the health care world. Physicians diagnose and treat patients as well as take medical histories and prescribe medication.

How do you make the most money with an MD?

16 Ways to Earn More Money as a Doctor
  1. #1 See More Patients. Yes, this old-fashioned method still works. ...
  2. #2 Increase Administrative Work. ...
  3. #3 Take on a Side Gig. ...
  4. #4 Change Your Specialty. ...
  5. #5 Learn New Procedures. ...
  6. #6 Specialize in a Niche. ...
  7. #7 Expand Your Team. ...
  8. #8 Renegotiate Your Contract.

6 HIGHEST Paid Doctor Specialties

27 related questions found

Can a medical doctor be a millionaire?

By the time physicians reach their forties, it is very possible to achieve millionaire status, with some physicians even becoming multimillionaires. This trend continues with doctors in their fifties, with 60% of physicians' worth at least $1 million.

What is the lowest paying MD?

Specialities with the lowest compensation:
  • Geriatrics — $275,704.
  • Endocrinology — $276,548.
  • Pediatric gastroenterology — $282,853.
  • Pediatric emergency medicine — $287,635.
  • Infectious disease — $288,607.
  • Occupational medicine — $292,814.
  • Internal medicine — $293,894.
  • Rheumatology — $299,790.

Where are doctors paid the most?

Surprisingly, Luxembourg is considered the most lucrative country for doctors around the world. Luxembourg is a small country in Western Europe, its population is around 632000. Luxembourg is among the top 10 countries that offer high quality of life around the world.

Why are anesthesiologists paid so much?

Anesthesiologists are paid so much because they have a really important job that leaves little room for error. The average salary of an anesthesiologist is $409,200 per year in the United States. Anesthesiologists also concentrate on pain management and critical care medicine.

How much does a Harvard MD make?

What is the average salary for a Medical Doctor at Harvard Graduate School Of Education in the United States? Based on our data, it appears that the optimal compensation range for a Medical Doctor at Harvard Graduate School Of Education is between $212,167 and $270,153, with an average salary of $243,707.

Is there a higher degree than MD?

The PhD, or Doctor of Philosophy, is the highest graduate degree awarded by our universities. Health professionals receive undergraduate degrees in medicine. These are professional degrees, and not really doctorates. The MD degree is not a part of graduate faculties at North American universities.

What are the lowest paid doctors?

The top-six lowest-paid MDs are related to the pediatric specialty. Other physicians who aren't paid as well include medical genetics doctors, family medicine doctors, and preventive medicine doctors—something residents should keep in mind when applying for programs.

What is the easiest and highest paying doctor job?

The following are a few pros of seeking high-paying medical jobs that do not require extensive learning programs.
  • You may be limited to a specific job: ...
  • Radiation Therapist. ...
  • Nuclear Medicine Technologist. ...
  • Dental Hygienist. ...
  • Diagnostic Medical Sonographer. ...
  • Magnetic Resonance Imaging Technologist. ...
  • Respiratory Therapist.

What is the best doctor to be?

Which specialties are considered the best?
  • Dermatology. ...
  • Anesthesiology. ...
  • Ophthalmology. ...
  • Pediatrics. ...
  • Psychiatry. ...
  • Clinical immunology. ...
  • Pathology. ...
  • Nephrology. Nephrology may be challenging work, but you can choose the hours and settings you prefer.

What is the hardest residency to complete?

The Competitiveness of the Most Difficult Residency Specialties to Match
  • Neurosurgery. ...
  • Orthopedic Surgery. ...
  • Ophthalmology. ...
  • Otolaryngology. ...
  • Plastic Surgery. ...
  • Urology. ...
  • Radiation Oncology. ...
  • Interventional Radiology.

Do doctors get paid more after residency?

As a physician, you will not maximize your earnings until the completion of your graduate medical education. The average first-year resident physician makes about $60,000, and there's not much wiggle room. Resident salaries are determined by an institution and correlate with training year rather than specialty.

Why do doctors get paid so little during residency?

Resident Salaries Are Low

One of the reasons for the low salary of resident doctors is Medicare, which funds the graduate medical education (GME). Medicare was introduced in 1965 to provide funding for residency programs across the country. Over time, this funding was capped by Congress.

What doctors work the most hours?

The specialties in which physicians are more likely to work 51 or more hours a week are: General surgery: 77 percent. Urology: 76 percent. Cardiology: 72 percent.

Why are doctors paid so highly?

Becoming a doctor requires extensive education and skill. Because of this specialization, doctors make extremely good money and have great benefits such as medical insurance and retirement plans. Doctors have extremely important jobs; they are in charge of getting and keeping the population healthy.

What states pay doctors best?

10 states with the highest physician pay
  • Wisconsin: $397,000.
  • Indiana: $372,000.
  • Georgia: $363,000.
  • Connecticut: $362,000.
  • Missouri: $361,000.
  • New Jersey: $360,000.
  • South Carolina: $360,000.
  • Florida: $359,000.

What is the easiest MD to get?

Least Competitive Medical Specialties
  1. Family Medicine. Average Step 1 Score: 216.1. ...
  2. Psychiatry. Average Step 1 Score: 223.1. ...
  3. Physical Medicine and Rehabilitation. Average Step 1 Score: 224.2. ...
  4. Pediatrics. Average Step 1 Score: 226.4. ...
  5. Internal Medicine (Categorical) Average Step 1 Score: 231.4. ...
  6. Anesthesiology.

What doctors have the most free time?

If you think you want to be a doctor but don't want to take on the burden of being on call every night and weekend, consider pediatrics. It's one of the best medical specialties for work-life balance because it offers predictable hours and lots of time off.