Top Average salary for a Medicine Doctor
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IhsanIlahi
Chief Minister (5k+ posts)
Medical is a worth respectful and high paid profession....
koi khala ji ka wara nahi,,, jaan jati hai acha doctr banty banty
koi khala ji ka wara nahi,,, jaan jati hai acha doctr banty banty
“Patient support group Patient Concern said doctors in Britain were among the best-paid in the world.”
Daily Telegraph, 18 June 2012
“Thousands of strike doctors earn more than the PM (and hundreds are on more than 250,000).”
Daily Mail, 18 June 2012
This Thursday will see the NHS pensions dispute come to a head when doctors across the UK take part in industrial action – the first time they have done so in 40 years.
Amidst this morning’s reports about doctors’ salaries, the Patient Concern group supposedly claimed that doctors in Britain were among the best paid in the world.
So is this true?
Analysis
Full Fact contacted the Patient Concern group to ask where their claim originated from. However, the organisation refused to give us any more details besides claiming that it had been taken from “various news reports” since 2004.
Certainly these reports exist. For example, the Daily Mail in December 2009 ran with the headline:
“Britain is failing on strokes, dentistry and hospital beds… while paying GPs more than any other developed country.”
The figures mentioned in the article came from a report by the Organisation for Economic Cooperation and Development (OECD) which compared the renumeration of doctors around the world, broken down into general practitioners and specialists.
That report, using data sources from each of 21 different OECD countries, compared the ‘net income’ (i.e. after social contributions such as income tax had been deducted) of doctors relative to the average wage in each country as a whole.
On this measure, the UK did indeed top the list, with doctors paid 4.2 times the average wage based on 2007 figures.
However, more up-to-date figures are available when examining the OECD’s latest release, which has data for 2008 in the UK:
https://fullfact.org/factchecks/are_british_doctors_among_the_best_paid_in_the_world-27442
Daily Telegraph, 18 June 2012
“Thousands of strike doctors earn more than the PM (and hundreds are on more than 250,000).”
Daily Mail, 18 June 2012
This Thursday will see the NHS pensions dispute come to a head when doctors across the UK take part in industrial action – the first time they have done so in 40 years.
Amidst this morning’s reports about doctors’ salaries, the Patient Concern group supposedly claimed that doctors in Britain were among the best paid in the world.
So is this true?
Analysis
Full Fact contacted the Patient Concern group to ask where their claim originated from. However, the organisation refused to give us any more details besides claiming that it had been taken from “various news reports” since 2004.
Certainly these reports exist. For example, the Daily Mail in December 2009 ran with the headline:
“Britain is failing on strokes, dentistry and hospital beds… while paying GPs more than any other developed country.”
The figures mentioned in the article came from a report by the Organisation for Economic Cooperation and Development (OECD) which compared the renumeration of doctors around the world, broken down into general practitioners and specialists.
That report, using data sources from each of 21 different OECD countries, compared the ‘net income’ (i.e. after social contributions such as income tax had been deducted) of doctors relative to the average wage in each country as a whole.
On this measure, the UK did indeed top the list, with doctors paid 4.2 times the average wage based on 2007 figures.
However, more up-to-date figures are available when examining the OECD’s latest release, which has data for 2008 in the UK:
https://fullfact.org/factchecks/are_british_doctors_among_the_best_paid_in_the_world-27442
Senior Accountants are also making these figures in UK, Switzerland and in Norway
Nine of the ten highest compensated jobs in America are in the healthcare field. Yes, nine out of ten. And those compensation levels are far above the levels paid in other countries.
The Bureau of Labor Statistics just issued the 2010 OCCUPATIONAL EMPLOYMENT AND WAGES Report which lists all the jobs in America, how many people work in them and their median and mean annual and hourly wages. Here are the top ten
So how do U.S. doctors compare to their counterparts in the rest of the world. The New York Times published an article providing those comparisons and doing it in a most useful way. Rather than just doing dollar comparisons, they adjusted wages for their relative purchasing power in each country,which appears in this graph. For General Practitioners, the US figure was $161,000, the highest other country was Great Britain with $118,000 and the median wage was $80,000. For Specialists, the U.S. was not first at $230,000. The honors went to the Netherlands at $$253,000 and Australia at $247,000. But the US was far above the median of $83,000.
Remember, these are not straight dollar comparisons. They are adjusted for purchasing-power parity — that is, adjusting the numbers so that $1,000 of salary buys the same amount of goods and services in every country. This provides a general sense of a physician’s standard of living in each nation.
No one would suggest that doctor salaries are the only contributor to the high cost of health care in this country compared with other countries. But it certainly is one of the factors. And I certainly hope than any doctor inclined to whine about how much he earns should take a moment to consider how well of he is compared with the average worker, including other professional workers, in the US and to his counterparts in other countries.
http://www.dailykos.com/story/2011/05/21/978080/-Nine-Of-The-Ten-Highest-Paying-Jobs-Are-Doctors#
The Bureau of Labor Statistics just issued the 2010 OCCUPATIONAL EMPLOYMENT AND WAGES Report which lists all the jobs in America, how many people work in them and their median and mean annual and hourly wages. Here are the top ten
Surgeons - $225,390
Anesthesiologists - $220,100
Oral Surgeons - $214,120
OB-GYN - $210,340
Orthodontists - $200,292
Internists - $189,480
Other Physicians - $180,870
General Practitioners - $173,850
Chief Executive Officers - $173,350
Psychiatrists - $167,610
Now these are national median wages. Some will be lower and some much higher. But they clearly demonstrate how high the compensation of doctors is when compared with the rest of the jobs in the country. By way of comparison, the median wage for lawyers was $129,440, for airline pilots was $115,300, Engineering Professors was $$96,480 and for all occupations in 2010 was $44,410.Anesthesiologists - $220,100
Oral Surgeons - $214,120
OB-GYN - $210,340
Orthodontists - $200,292
Internists - $189,480
Other Physicians - $180,870
General Practitioners - $173,850
Chief Executive Officers - $173,350
Psychiatrists - $167,610
So how do U.S. doctors compare to their counterparts in the rest of the world. The New York Times published an article providing those comparisons and doing it in a most useful way. Rather than just doing dollar comparisons, they adjusted wages for their relative purchasing power in each country,which appears in this graph. For General Practitioners, the US figure was $161,000, the highest other country was Great Britain with $118,000 and the median wage was $80,000. For Specialists, the U.S. was not first at $230,000. The honors went to the Netherlands at $$253,000 and Australia at $247,000. But the US was far above the median of $83,000.
Remember, these are not straight dollar comparisons. They are adjusted for purchasing-power parity — that is, adjusting the numbers so that $1,000 of salary buys the same amount of goods and services in every country. This provides a general sense of a physician’s standard of living in each nation.
No one would suggest that doctor salaries are the only contributor to the high cost of health care in this country compared with other countries. But it certainly is one of the factors. And I certainly hope than any doctor inclined to whine about how much he earns should take a moment to consider how well of he is compared with the average worker, including other professional workers, in the US and to his counterparts in other countries.
http://www.dailykos.com/story/2011/05/21/978080/-Nine-Of-The-Ten-Highest-Paying-Jobs-Are-Doctors#
Sadia Hashmi
Senator (1k+ posts)
in pakistan drz earn more than this by private practice and clinics, commissions by pharma companies.
yes more n more with more work, much more income taxes, high class living standards and the cycle is continuous, then they deserve it
