Doctors and their Income

[wylie]

Agreed, but easily between 200-300k take home pay. And thats for GPs, one of the lowest paying fields within the medical profession. This means that as a bare minimum, even the worse performing medical graduate, will be in the top 1% of income earners in Australia. This means that from a income/wealth building viewpoint, this is one of the better roads to take.

LOL! What happened to the seven figures. Oh maybe you were adding on the .00 and counting those figures .

 

[china]

LOL! What happened to the seven figures. Oh maybe you were adding on the .00 and counting those figures .

Ah, but 40% of medical graduates do not become GPs. Specialists can easily take home seven figures and I guarantee you that we are not talking about 80 dollar copayments with this group. Try seeing an orthopaedic surgeon for 80 dollar copayment.

 

[wylie]

Ah, but 40% of medical graduates do not become GPs. Specialists can easily take home seven figures and I guarantee you that we are not talking about 80 dollar copayments with this group. Try seeing an orthopaedic surgeon for 80 dollar copayment.

You started off talking "doctors" or "GPs" and now to suit your argument you have changed it to specialist surgeons .

 

[Indifference]

I am in a service industry.

I know of some service industry jobs that pay exceptionally well.

 

[Ed Barton]

Agreed, but easily between 200-300k take home pay. And thats for GPs, one of the lowest paying fields within the medical profession. This means that as a bare minimum, even the worse performing medical graduate, will be in the top 1% of income earners in Australia. This means that from a income/wealth building viewpoint, this is one of the better roads to take.

That's a fair assessment of GP's before tax income. Generally take home pay refers to after tax.

 

[weg]

GP's are now required to do GP registrar training after their internship to be able to work as a GP - don't know how many years this is, but I do know the pay is not great as a registrar.

 

[weg]

Two quick years at about 100-150k per year, aged 27.

You've just contradicted yourself .

china, guessing things does not make them fact.

Edit: Just found this link.

http://www.gpaustralia.org.au/content/program-structure

It appears like it's 3 to 4 years, post a medical degree.

 

[china]

You've just contradicted yourself .

china, guessing things does not make them fact.

Edit: Just found this link.

http://www.gpaustralia.org.au/content/program-structure

It appears like it's 3 to 4 years, post a medical degree.

Post medical degree which many finish at age 23, you proceed on to paid work at a six figure salary with guaranteed salary increase every year. The "registrar" years are the final two years of the program.

 

[weg]

Post medical degree which many finish at age 23, you proceed on to paid work at a six figure salary with guaranteed salary increase every year. The "registrar" years are the final two years of the program.

No, 'registar' is the position you hold when you're training in your specialty (in this case as a GP), AFTER you complete your medical degree.

 

[china]

No, 'registar' is the position you hold when you're training in your specialty (in this case as a GP), AFTER you complete your medical degree.

That is correct. Registrars will earn anything from 100 to 150k per year.

 

[weg]

That is correct. Registrars will earn anything from 100 to 150k per year.

No they don't.

http://www.industrialcourt.sa.gov.au/index.cfm?objectid=57CB35C9-E7F2-2F96-39F16A295B375573

SCHEDULE 1. SALARIES AND ALLOWANCES
OPDATE 01:07:2012 1st pp on or after
PART I - TRAINEE MEDICAL OFFICERS
(i) The minimum annual salaries payable to employees in the undermentioned classifications are set out hereunder:
Classification
Salary
$
Intern
45,988
Resident Medical Officers
2nd year of relevant experience
48,836
3rd year of relevant experience
51,692
4th year of relevant experience
54,655
5th year of relevant experience
57,630
6th year of relevant experience
60,593
7th year and thereafter
63,558
Registrar
1st year of service after obtaining appointment
56,666
2nd year of service after obtaining appointment
59,635
3rd year of service after obtaining appointment
62,597
4th year of service after obtaining appointment
65,560Senior Registrar
1st year of service after obtaining specialist
medical qualifications
69,223
2nd year of service after obtaining specialist
medical qualifications and thereafter
71,921

 

[china]

No they don't.

http://www.industrialcourt.sa.gov.au/index.cfm?objectid=57CB35C9-E7F2-2F96-39F16A295B375573

SCHEDULE 1. SALARIES AND ALLOWANCES
OPDATE 01:07:2012 1st pp on or after
PART I - TRAINEE MEDICAL OFFICERS
(i) The minimum annual salaries payable to employees in the undermentioned classifications are set out hereunder:
Classification
Salary
$
Intern
45,988
Resident Medical Officers
2nd year of relevant experience
48,836
3rd year of relevant experience
51,692
4th year of relevant experience
54,655
5th year of relevant experience
57,630
6th year of relevant experience
60,593
7th year and thereafter
63,558
Registrar
1st year of service after obtaining appointment
56,666
2nd year of service after obtaining appointment
59,635
3rd year of service after obtaining appointment
62,597
4th year of service after obtaining appointment
65,560Senior Registrar
1st year of service after obtaining specialist
medical qualifications
69,223
2nd year of service after obtaining specialist
medical qualifications and thereafter
71,921

Again, you must add on the overtime pay and registrars always do overtime.

 

[weg]

Again, you must add on the overtime pay and registrars always do overtime.

Most don't do any overtime, because clinics, rounds/consulting, and the bulk of surgery are done within normal hours.

Almost all registrars, except for a few ER doctors (which would inc. GP trainees) and interns go home after 5 pm.

 

[china]

Most don't do any overtime, because clinics, rounds, and the bulk of surgery is done within normal hours.

Almost all registrars, except for a few ER doctors (which would inc. GP trainees) and interns go home after 5 pm.

Totally incorrect.

As an exercise, ring up the switchboard of your nearest major hospital e.g. Royal Adelaide at 1am in the morning or 4am and you will be able to speak to surgical registrar, obstetric registrar, psychiatric registrar or a registrar in any field of medicine you can think of. Registrars work around the clock earning often fix to six figures in overtime alone, on top of their base salary.

 

[weg]

Totally incorrect.

As an exercise, ring up the switchboard of your nearest major hospital e.g. Royal Adelaide at 1am in the morning or 4am and you will be able to speak to surgical registrar, obstetric registrar, psychiatric registrar or a registrar in any field of medicine you can think of. Registrars work around the clock earning often fix to six figures in overtime alone, on top of their base salary.

These are a small %. Some don't even do this. And depending on the problem an on call consultant will be rung.

Last time I went to casualty an ER rostered registrar checked me out but he was not an eye specialist so I ended up staying till the clinic opened at 8am - when doctors arrived and where the specialized equipment was.

Then it was the consultant I saw, not a registrar (they had to rule out a detatched retina).

Like I said the bulk of doctors go home.

They don't earn mega bucks doing overtime.

 

[Nemo30]

Who cares if you can earn a six figure salary as a Dr - you can achieve that in lots of industries quickly without the years of study.

 

[china]

These are a small %. Some don't even do this. And depending on the problem an on call consultant will be rung.

Last time I went to casualty an ER rostered registrar checked me out but he was not an eye specialist so I ended up staying till the clinic opened at 8am - when doctors arrived and where the specialized equipment was.

Then it was the consultant I saw, not a registrar (they had to rule out a detatched retina).

Like I said the bulk of doctors go home.

They don't earn mega bucks doing overtime.

Registrars are usually rung before the consultant is rung. It is exceptionally rare to see consultants after hours - they are the seven figure players and need their sleep. It is more cost effective for hospitals to use six figure, younger registrars.

 

[china]

Who cares if you can earn a six figure salary as a Dr - you can achieve that in lots of industries quickly without the years of study.

Most 23 year olds are not earning six figures. Most industries do not have close to 100% employment for all their graduates / participants. The medical profession is still the best guaranteed profession / industry for all its members to be earning at least six figures. Law and engineering also require five years of study and do not have the same guarantees as medicine in terms of remuneration.

 

[Nemo30]

I know a 24yo who, with overtime and other payments, earns more than your registrar. He is away from home for long periods of time though.

No study required. There are plenty of options to earn good money.

 

[intrigued]

Most 23 year olds are not earning six figures. Most industries do not have close to 100% employment for all their graduates / participants. The medical profession is still the best guaranteed profession / industry for all its members to be earning at least six figures. Law and engineering also require five years of study and do not have the same guarantees as medicine in terms of remuneration.

They do with overtime, cause that counts too remember