Are you searching online for doctors salary in USA, Canada, UK, Germany or Thailand?
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This article reveals how much a medical doctor working in each of these countries is paid per month and annually.
The Nature Of Work Of A Medical Doctor
A Doctor is a member of the medical profession; one who is trained and licensed to heal the sick or injured.
A Doctor typically works very long hours and has to be available for emergencies.
These hours are spent seeing patients in an office-based setting, running tests as well as interpreting them, prescribing medicine or treatments, doing rounds in the hospital, making notes on patient’s physical conditions, advising patients on how to stay healthy and talking to them about further treatment.
Doctors also invest time in the hospital operating room performing surgeries. They also complete administrative duties such as updating patient records and also deal with various office issues.
These Doctors deserve compensation for all the work they do, putting themselves at risk and sacrificing their time for others. And this compensation comes in form of a salary.
In our last post, we showed you how much Nigerian medical doctors are paid, both monthly and yearly. So today, we’ll be looking at how much the same doctors are paid in tier one countries like the UK, United States, Canada, Germany and Thailand too.
Doctor’s Salary In United States of America (USA)
A person working as a Doctor/Physician in United States typically earns around 223,000 USD per year.
In the US, salaries range from 81,800 USD (lowest average) to 376,000 USD (highest average, actual maximum salary is higher).
Doctor’s Salary In Canada
A person working as a Doctor/Physician in Canada typically earns around 281,000 CAD per year. Salaries range from 103,000 CAD (lowest average) to 474,000 CAD (highest average, actual maximum salary is higher).
Doctors Salary In The United Kingdom (UK)
A Physician in England typically earns around 317,000 GBP per year. Salaries range from 117,000 GBP (lowest average) to 536,000 GBP (highest average, actual maximum salary is higher).
Doctors Salary In Germany
A Doctor/Physician in Germany typically earns around 8,960 EUR per month. Salaries range from 3,290 EUR (lowest average) to 15,100 EUR (highest average, actual maximum salary is higher).
Doctors Salary In Thailand
A person working as a Doctor/Physician in Thailand typically earns around 228,000 THB per month. Salaries range from 83,600 THB (lowest average) to 385,000 THB (highest average, actual maximum salary is higher).
This compensation analysis is based on salary survey data collected from salary explorer.
These average salaries could include housing, transport, and other benefits. And the Salaries vary drastically between different Doctor/Physician careers.
Factors That Determine How Much A Doctor Earns In Each Of The Countries
Doctors salaries can vary widely by specialty, hospital ownership, geographic location and many other factors. Here are factors currently affecting doctors salaries, according to various reports.
Specialists can earn up to twice as much as primary care physicians. A study found that primary care physicians made the lowest wages out of all physician specialties.
Physician compensation differed based on geographic region.
3. Rate of income growth
While some specialties are traditionally compensated at higher levels than others, physician compensation is also affected by the rate of income growth over several years.
4. Group type
Physician compensation also varies based on group type, meaning whether physicians belonged to a single specialty or multispecialty group.
For example, General orthopedic surgeons, general surgeons, trauma surgeons and internal medicine physicians, make more working with multispecialty groups.
It’s no surprise that physicians with the highest earnings are most satisfied with their income. US doctors earn the most, followed by physicians in Germany, and these two groups are the most satisfied with their income.
In the UK, increasing patient workloads and an increasing number of hours spent at work to accommodate this, but without a corresponding increase in earnings, is probably the main reason why physicians don’t feel fairly compensated.
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For all countries, compensation for employed doctors included salary, bonus, and profit sharing.
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