The average starting salary for a Neurosurgeon is $305,000. A neurosurgeon is a neurological surgeon or brain surgeon that practices diagnosing, treating and preventing diseases of the central nervous system by performing surgery and other techniques of treatment. This work can also include non-surgical interventions such as endovascular techniques and interventional radiology.
The neurosurgeon has a responsibility to take care of patients who have suffered trauma, brain disorders, spinal cord ailments and other neurological injuries or illnesses. The neurosurgeon performs surgery on the brain or spinal cord to correct problems with these areas of the body
Starting Salary For Neurosurgeon Overview
If you are considering a career as a neurosurgeon, you may be wondering how much money you can expect to make. This is a difficult question to answer because there are many variables that affect your income as a neurosurgeon. However, it is possible to get an idea of what the average salary for a neurosurgeon is in Nigeria and how this can vary based on the city in which you choose to practice.
Neurosurgeon Salary Per Month
The average monthly salary for a neurosurgeon in Nigeria is $1,200 USD per month (N50,000). This is equivalent to about $300 USD per week or $100 USD per day. If you work 40 hours per week and take two weeks off for vacation each year, this would equal $25 per hour or $50 per hour if you worked 60 hours per week and took no vacation time at all.
The highest paid neurosurgeons earn around $4,000 USD per month (N200,000). This works out to be about $60 per hour or $100 per hour if they work 80 hours per week and do not take any vacation time at all.
The Average Salary of a First-Year Neurosurgeon
Neurosurgeons are surgeons specializing in the nervous system. While they must undergo years of schooling and specialized training, all of that hard work pays off when they enter the workforce. Even at the start of their careers, neurosurgeons tend to earn more than doctors in general medicine. Neurosurgery generates more money for hospitals than primary care, so employers are willing to pay neurosurgeons a higher salary for their expertise.
Salary
In 2012, all surgeons averaged an annual salary of $230,540, according to the Bureau of Labor Statistics. This figure doesn’t account for specialty or years of experience, two factors that have significant bearing on earnings. A survey by Allied Physicians found that surgeons specializing in neurosurgery earned $354,000 in their first and second years in practice. MedAccord sets the average starting salary even higher at about $500,000 annually. The highest reported starting salary was over $750,000 a year.
Experience
As neurosurgeons gain more experience, salaries can reach upward of $936,000 a year. With just three years of experience, neurosurgeons averaged $541,000 a year. Those in practice as a partner can make as much as $1 million annually, according to MedAccord.
Education
The high salaries available to neurosurgeons are partly due to the limited number of people who complete the education and training it takes to become a specialist. Those looking to become neurosurgeons must complete four years of undergraduate education, another four years of medical school, and then an internship and residency program. A neurosurgery residency can range from six to seven years. It takes an average of 14 to 15 years of education and training total to become a neurosurgeon.
Outlook
The Bureau of Labor Statistics expects employment for surgeons as a whole to grow by as much as 24 percent through 2020. This is much faster than the average growth for all U.S. occupations (14 percent). The 24 percent growth rate equates to the creation of over 168,000 new jobs, some of which will be in neurosurgery.
Neurosurgeon Salary
Neurosurgeons are among the best paid professionals in the United States, with an average annual salary of $368,000 a year, and the best paying jobs reaching a yearly salary of $643,000.
The median starting salary for neurological surgeons who are new to the job was reported at $395,000 a year in a salary survey conducted by Profiles. The estimated job growth rate for the profession over the next decade is 24.4%.
Neurosurgeon salaries depend on a variety of factors, including location, employer type, industry, hospital setting, type of employment, academic background, and years of professional experience.
Along with the annual salary, neurosurgeons usually get bonuses, contributions from profit sharing, and good benefits packages. The most popular perks and benefits among these professionals are 401(k) plans, malpractice and liability insurance, and paid holidays and vacations.
Average salary
The average salary for neurosurgeons employed in the United States is $528,514 a year according to data provided by Salary.com, and $383,925 a year according to salary information provided by Payscale. The median salary includes yearly bonuses and contributions from profit sharing. The annual bonuses can amount to up to $100,866, while earnings from profit sharing are generally in the range from $100 to $250,000 a year according to Payscale’s salary data.
The yearly bonuses depend on a number of different factors, including years of experience. Neurosurgeons with 1 to 4 years of experience get $17,500 a year on average, those with 5 to 9 years of experience are paid around $12,987 annually, professionals with 10 to 19 years of experience get $15,000 a year on average, and those with 20 or more years of professional experience are paid bonuses in the average amount of $24,566 a year.
Starting salary
The average starting salary for neurosurgeons with less than a year of professional experience typically ranges from $60,000 to $305,209 a year including bonuses and profit sharing according to Payscale. These professionals earn bonuses in the amount of $17,500 a year on average.
Benefits
Neurosurgeons’ benefits packages can reflect their annual salaries. Professionals who get 401(k) plans typically earn between $81,500 and $684,886 a year, those who have malpractice or liability insurance have salaries in the range from $102,129 to $693,662 a year, and neurosurgeons who get paid holidays and vacations earn from $88,000 to $680,000 annually. Neurology surgeons who have life and disability insurance as part of their benefits packages generally have salaries in the range from $67,500 to $647,519 a year, those who get paid sick leave are paid between $48,430 and $659,314 annually, and professionals who have private medical insurance (PMI) report annual salaries in the range from $147,949 to $689,298 according to the salary information provided by Payscale.
Salary range
Neurosurgeons employed in the United States typically earn salaries in the range from $103,049 to $733,261 a year including bonuses and earnings from profit sharing according to salary data from Payscale. Professionals with the Board Certified Surgery qualification report an annual income in the range from $100,840 to $713,848.
Neurosurgeons specializing in brain surgery generally earn between $93,998 and $684,507 a year and those specializing in surgery make between $175,000 and $400,000 annually.
