Top Earning Field Physicians
The Royal Australasian College of Physicianswebsitedefines physicians as medical doctors who have completed extra years of training after their initial university training. They are commonly known as medical specialists. They diagnose and manage complex medical problems. Physicians choose to specialise in one particular field of medicine. There are many areas that a physician can specialise in including haematology, neonatal, neurology and respiratory among other specialities.
Becoming a physician is often a challenging process that takes a lot of time, years of dedication and a lot of money. The formal education and training of becoming a physician is one of the most demanding of any occupation in the world. In most countries you will be required to attend four years of undergraduate training, four years in a medical school and three to eight years of internship.Some medical schools offer a combined course that is likely to last for six or seven years rather than the eight years.
Acceptance to medical schools is highly competitive because a lot of people are interested in becoming physicians because it is one of the most financially rewarding careers you can think of. Students are expected to study courses that range from biology, maths, chemistry, physiology, pathology and pharmacology.
During the last two years of training, students work with patients under the supervision of an experienced physician. After this students have to attend paid on-the-job training, usually in a hospital. According to theUnited States Department of Laborwebsite, the cost of training as a physician is expensive and most students according to the Association of American Medical colleges in 2007 were in debt for educational expenses. Of these 85% of public medical school graduates and 86% of private medical school graduates were struggling to pay the fees.
In most countries all physicians must be licensed to practise. All physicians and surgeons in the United States of America must pass the Medical Licensing examination (USMLE) and osteopathic physicians, the comprehensive Osteopathic Medical licensing exam (COMLEX).
Physicians have a number of options of where to work. They can start their own practise; they can become lecturers or work in a hospital in a managerial capacity among other options. One thing is clear however in that whatever field physicians decide to work they will be hugely rewarded for all their effort. All the hard work and economic investments are compensated with a high salary. Physicians are in demand throughout the world and this scarcity drives up their salaries.
Medical Schools' website provides a list of the expected earnings of physicians. The highest paid physicians in America are those that have specialised in orthopaedic surgery at $520,000 per year, then cardiac and thoracic surgery who can expect to earn an annual figure of $497,307, this is followed by diagnostic radiology at $463,219 per year.The lowest paid Paediatric allergy physician is expected to earn a hefty salary of $163,338 a year.
In comparison with other occupations, physicians' earning are far ahead of those of other professions.CBS Money Watchclearly illustrates how the medical field dominates earnings in America. Out of the ten best paying jobs in the country nine happen to be physicians.
This clearly shows that while it is difficult to become a physician the results you reap in the end are far much more rewarding than you can imagine.
