Neurosurgery is the highest-paid specialty in the medical profession.
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.
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.
However, according to Payscale, the average salary for a doctor with a Bachelor of Medicine, Bachelor of Surgery (MBBS) degree in Australia is AUD 110,000 per year. The starting salary for an MBBS doctor in Australia is generally lower, with a range of AUD 68,000 to $92,000 per year.
The highest-paid doctors in the US are in surgical and procedural specialties such as neurosurgery, thoracic, and orthopedic surgery. These physicians earn an average annual salary of $600,000 or higher.
Based on our latest GP salary survey (May 2023), the average GP salary in Australia is $334,000 for GPs who work 7 or more sessions per week (full-time). The annual General Practitioner salary for part-time GPs, working 6 sessions or less per week, amounts to an average of $164,000 pa.
1. Surgeon ($457,281) Surgeons were the top-paying job in the country, making an eye-watering $457,281 per year. There are 4,157 in Australia.
Switzerland. Boasting some of the best hospitals in the world, one of the top places to work as a doctor is Switzerland. Its government makes every effort to ensure that its residents have access to adequate health care and education. They provide their doctors with a good quality of life and competitive pay.
USA. The USA is home to some of the most prestigious medical courses in the world. You can attend world leading institutions like Harvard Medicine, John Hopkins University, Stanford, Yale and more.
A doctor's salary in Australia depends on several factors: grade, entry-level vs experienced, the number of hours worked, location, and the type of work. A junior will earn an average salary of $70,000 – $95,000, whereas a top-level consultant can be looking at an average of $394,866.
Balamurali Ambati is a well-known ophthalmologist who made history by becoming the youngest doctor in the world at the age of 17. He was born on July 29, 1977, in Vellore, India. Ambati completed his Bachelor of Medicine and Bachelor of Surgery (MBBS) degree from the Gandhi Medical College in Hyderabad, India.
Gynaecologist. A gynaecologist specialises in treating problems arising in the female reproductive organs and is the first doctor to be approached if you face premenstrual, menstrual or other issues, which are mostly related to hormonal changes.
In New Zealand, the average yearly General Practitioner Salary in is between $145,000-200,000 NZD. In Australia, the average yearly General Practitioner salary is between $172,000-204,000 AUD. These salaries are based on working 38 hours/week without on-call time.
The average Australian would need to earn a salary of $326,900 per year to feel rich – nearly seven times the median wage, according to research released earlier this year. But one in four Aussies wouldn't consider themselves rich until they raked in a whopping $500,000.
$100,000/year is above an average salary and if you're frugal enough, on $100,000/year, you should be able to live a good life and save some money too. Usually if you consider living in desirable locations of cities like Melbourne and Sydney, most of your income will be consumed in the house rents.
The report also found that 4 out of 5 Australians earn less than $100,000 annually – reportedly the lowest on record. In 2012-13 for example, the number was 9 in 10. So if you're on $100k or more, congratulations, you're in the top 20% of Aussie income earners.
The average registered nurse salary in Australia is around $79,550 per year (about $41,00 per hour. Entry-level positions start at $76,063 per year up to $97,568 per year.
In Australia, the average salary is around $90,000 so keep this figure in mind when looking at the average salaries for doctors. Australian salaries are affected by education, too, and the higher the level of education, the higher you can be expected to be paid.
GP practices are paid on the basis of the number of patients on their list.
Neurosurgeons have the highest hourly compensation in the country at $398 per hour, while family physicians have the lowest at $119 per hour.