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Doctors Reveal You How Much Money They ACTUALLY Make

Created by:Dr.
Published:January 15, 2024
Last updated:
Views:2402+

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Medical References

This video content is based on current medical evidence and guidelines from authoritative sources:

  1. 1.
    World Health Organization (WHO) - Global Health GuidelinesView Source
  2. 2.
    Centers for Disease Control and Prevention (CDC) - Evidence-Based GuidelinesView Source
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    National Health Service (NHS) - Clinical StandardsView Source
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    Peer-Reviewed Medical Journals - Latest Research & Clinical Studies(The Lancet, JAMA, NEJM, BMJ)

Transcript

I asked 20 doctors to tell me how much money they make in a year I'll go first my official salary on paper for the hospital is $90 an hour but most Family Medicine doctors earn roughly 250,000 a year what's up everyone my name is Jake Goodman and I'm a Psychiatry resident doctor in my third year of residency training the national average for residents is between 50 and $60,000 a year fortunately psychiatrists make much more than that once you finish residency training when I was doing full-time clinical practice my base rate was about $400 an hour the cool thing is that earning $400 an hour allowed me to do things like see a ton of patients or clients for free and at one point half of my practice I actually wasn't charging a single penny I could still support my family of four without really too much trouble the other really awesome thing about people in my specialty is that we tend to work pretty light and easy hours the average mental health professional actually does about 30 to 32 hours of clinical care per week which means that our job is pretty like low stress how's it going I'm Dr Alo Patel I'm a pediatric hospitalist so if a child is hospitalized count on me to coordinate care my salary is a bit strange because I work at multiple sites but my hourly rate ranges between $125 to about $150 per hour depending on what type of shift I'm taking nights weekends Etc but I have seen job offers that have ranged between $120,000 per year to $180,000 per year some higher some lower let's just say that no pediatrician of any type went into medicine for the money we did it for the kids my name is Dr Anthony Yun and I'm a board-certified plastic surgeon well according to salary.com the average plastic surgeon in Michigan makes $239,100 a year now my base salary is close to that without bonuses but I also make extra money via social media via doing sponsored posts and I have an online store where I sell my own Yun Beauty skincare called Yun beauty.com I would never ever complain about the money that I make and I feel very very privileged to live a lifestyle that I do hi my name is Dr Antonio Webb I'm an orthopedic spine surgeon here in San Antonio Texas so how much do spine surgeons make it varies by practice type A Private Practice spine surgeon and the South can expect to make once you build a mature practice which takes anywhere between 3 to 6 years to build can expect to make seven figures I'm Dr Dana BR and I'm a pediatrist which is a foot and ankle specialist and surgeon while according to mgma data the average salary of a surgical pediatrist is about 300,000 I will say although salary is very important it really matters whether the specialty you're doing is something you enjoy and whether it matches the work life balance that you desire hi I'm Dr Benjamin Schmidt also known as doc Schmidt and I'm a GI doctor which means that I specialize in gastron neurology if you break it down by the hour right now as a GI doctor I make a little over $260 per hour I'm Dr Danielle Jones some of you may know me as mdj and I am an OBGYN that means I take care of anything having to do with periods pregnancy and the female reproductive tract how much money you make as an obig gine doctor varies widely by where you practice and what kind of practice you're in I currently work in alad at New Zealand which is a public health system and a full-time OMG specialist who's been out of training for 6 years like myself would make around 130,000 Us in the system which is significantly less than one would make at the same level in the US or even in Australia my name is Ricky Brown and I am a board certified plastic surgeon in Scottdale Arizona how much money do I make I make enough money to buy 3 33,333 Happy Meals you do the math M that good hi my name is Dr winners aka the bentist online and I am an orthodontist I'm going to be real with you an orthodontist can make $250,000 starting out as an associate anywhere up to about 350,000 and then if you own your own office you can make anywhere from 500,000 up to3 or4 million and even upwards if you own multiple practices crazy I know hello my name is Ed hope I'm a doctor working in the eer mergency Department over in the UK I'm currently a locom doctor which means I book shifts as and when I want them and still quite Junior to and as such my day rate is around £400 that's around $500 although a night shift would be around a third more my name is Dr Sanjay jja I'm a hematologist and medical oncologist basically specializing in blood disorders as well as Cancers and how to treat them as a medical oncologist depending on what system you're in some private practices get paid for literally the things they prescribe and how much they cost versus other systems where you get paid just for what you see regardless of treatment I like the latter because it kind of keeps you clean from thinking about cost as it relates to treating patients with cancer and generally those don't pay as much likely somewhere between 400 to $500,000 depending on where you are in the country hi I'm Dr sioban desau also known as violin MD I'm an internal medicine and Rheumatology specialist well right now I'm doing temporary locom work so I'm not the best example but the average Canadian rheumatologist who's working full-time makes about $250,000 then subtract about 30% for overhead costs and you've got $1 175 to $200,000 us before taxes what up my name is Dr John padon Doc jp3 and I'm a board certified anesthesiologist in a regional anesthesia and a cute pain medicine specialist sometimes people hear of the EO to success or roow to success the e road to success is thought to be the sub Specialties that allow for you to have a better lifestyle you may be able to take no call or spend more time outside of the hospital with your friends and family when we are in residency when you factor in the hours that we work and and the the amount that we're making it it comes out to be less than minimum wage so now that I'm done with training I will say that it's really nice to finally be able to make a good living and be able to start thinking about paying back loans the the bane of my existence yes they're still there being able to save for down payment for house which is something that my wife and I have been wanting to do for a while and now that we have a son being able to put some money aside and you know for his college and whatnot so that's how I answer that question doctors actually used to recommend these treatments and I can't believe it thank God medicine has come so far and as always stay happy and [Music] healthy

FAQ

  • Q: What is the average annual salary for Family Medicine doctors?
    A: Roughly $250,000 a year
  • Q: What is the base rate for Psychiatry doctors in full-time clinical practice?
    A: About $400 an hour
  • Q: How many hours of clinical care do mental health professionals typically work per week?
    A: About 30 to 32 hours

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