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.
Surgeons sit at number 1 on the list on an average taxable income of $394,303 AUD. Followed by Anaesthetists at number 2 on $386,065 AUD, Internal Medicine Specialists at number 3 on $304,752 AUD and Psychiatrists ($235,558 AUD) and Other Medical Specialists ($222,933 AUD) at 5th and 6th.
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.
In general, doctors in Australia are well-compensated, with salaries that are competitive with other high-paying professions. It's worth noting that becoming a doctor in Australia requires a significant amount of education and training.
The Chief Executive Officer (CEO) is the highest-level management position in a hospital or hospital system. Hospital CEO's must possess the qualifications and skills to manage and direct the complexities of a modern patient care facility.
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.
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.
1: Luxembourg
A general practitioner's salary is $278,900 per year, while a specialist receives $352,300. Besides the monthly average wage, their salaries include other benefits such as transportation and housing. However, because of the country's small population, there is fierce competition for jobs among doctors.
General Practitioners are paid gross billings (before tax) as they are contractors and are responsible for paying their own tax to the Australian Taxation Office (ATO). They also select their preferred method of saving for retirement through superannuation.
What are your financial needs? British doctors earn an average of £70,000. But in Australia, they earn an average of a practice's income, which is normally on average somewhere between £150,000-200,000 per year. And they do it with much less mental stress and fatigue.
Some people who work as pediatric doctors, the lowest-paid medical specialty, feel their career brings them meaning and purpose. For others, the specialization has brought them stress. With certain specialties, such as geriatrics and family medicine, low pay has meant staff shortages.
At its simplest form the doctor hierarchy for a medical team usually comprises one or more intern doctors as the most junior doctor in the team, followed by one or more resident doctors, then registrars, and finally consultant doctors as the most senior doctor/s in charge.
A hospital CEO is responsible for the operations of the entire hospital or hospital chain. This person is the final decision-maker on all aspects of operations, strategy, policy and finance. All C-suite executives report to the CEO.
Dietary Aides
They prepare food, stock shelves, and keep the kitchen areas clean. At mealtimes, dietary aides deliver food to patients and residents, ensuring that those with dietary restrictions get the proper meals. They make under $20k annually. This is the lowest paying medical career at present.
A specialist doctor's salary in Australia can vary based on the location. Western Australia is the highest-paying state for consultants and senior doctors with the average senior doctor salary close to $300,000.
In Australia, the standard full-time working week is between 35-40 hours. Any doctor working well beyond that, is doing too many.
Years of experience – Clearly years on the job go hand in hand with a bigger pay packet. Specialists – A specialist is likely to earn more than a general practitioner. Private practice – You can expect to earn more if you own your own practice rather than working for someone else or in a hospital.