So you want to know what medical specialty earns the highest salary in the uk? People are not born doctors or lawyers, hence why these careers are unpaid during training. Some people go into medical and law professions because they are passionate about the particular branches of study and have a desire to make a lot of money.
The UK’s National Health Service (NHS) recently released data on the highest-paying medical specialties.
The top 10 earners were:
- Anaesthetists (average salary: £111,000)
- Surgeons (£104,000)
- Psychiatrists (£89,500)
- Gynaecologists and obstetricians (£86,500)
- Pathologists (£85,000)
- Orthopaedic surgeons (£75,000)
- Radiologists (£69,500)
- Pediatricians (£69,500)
- Ophthalmologists (£62,500)
- Dermatologists (£62,000).
Which medical specialty earns the highest salary uk
Introduction
If you’re thinking of becoming a doctor, you might be wondering which medical specialty earns the most money. According to reports, senior medical staff like ophthalmologists and gynaecologists are the highest earners. Financial Times said that senior consultants in financial medicine, on average, earn an annual salary of £235,000. In other areas, consultant radiologists have claimed earnings of more than £350,000 a year. The lowest paid specialty is psychiatry working in south London and East Surrey (£70,683), while geriatricians working in London can expect to the most with £130,739 a year.
According to reports, senior medical staff like ophthalmologists and gynaecologists are the highest earners.
You may be surprised to learn that the highest earners are actually senior medical staff like ophthalmologists and gynaecologists. They earn an average of £260,000 a year, followed by cardiologists who earn an average of £245,000 per year.
The lowest paid doctors in the UK are general practitioners (GPs). The mean annual income for GP’s is around £100k a year, but there are many factors that determine this number such as location, age and experience level etc…
Financial Times said that senior consultants in financial medicine, on average, earn an annual salary of £235,000
Financial medicine is a subspecialty of internal medicine and family medicine.
The Financial Times said that senior consultants in financial medicine, on average, earn an annual salary of £235,000.
In other areas, consultant radiologists have claimed earnings of more than £350,000 a year
Radiologists are specialists in medical imaging, who can earn more than £350,000 a year. They are needed in hospitals and other medical institutions to interpret images and help doctors make diagnoses.
The lowest paid specialty is psychiatry working in south London and East Surrey (£70,683), while geriatricians working in London can expect to the most with £130,739 a year
- The lowest paid specialty is psychiatry working in South London and East Surrey (£70,683), while geriatricians working in London can expect to the most with £130,739 a year.
- Ophthalmologists are the highest paid medical specialists earning an average of £147,414 annually – this is over three times more than those who work as anaesthetists (£46,844) and neurologists (£55,920).
- The highest paid region for a doctor’s salary is found in London where doctors earn on average £68k per year. Those working in Scotland may be surprised to learn that they don’t make much more than those who live closer to home; Scottish doctors will take home around £62k per year.
- The average salary for a geriatrician or gerontologist is around £77k – that’s almost double what someone specialising as an ophthalmologist earns at £48k annually (but still doesn’t quite compare with their colleagues over in England who earn on average just short of £100k).
Becoming a physician is an expensive learning process that can take over ten years.
Becoming a physician is an expensive learning process that can take over ten years. It’s not surprising, then, that doctors’ salaries are high—but just how much do they earn? And what factors influence these salaries?
Let’s start with the basics: becoming a doctor requires at least five years of medical training and passing rigorous exams. That alone costs around £200,000 (US$260,000). In addition to tuition fees for local universities or medical schools and living expenses such as accommodation and food, students must pay for books as well as travel expenses for any clinical placements during their coursework (which is mandatory in most cases). Students can also apply for loans through the government-backed Student Finance England scheme (SFE), but interest rates on SFE loans are high compared to those given by commercial lenders such as banks or credit unions.
Conclusion
If you’re in a medical specialty that is highly respected and well-paid, chances are it’s because other people know more about your field than you do. For example, if all your colleagues say they want to become orthopaedic surgeons, then that’s probably the best career path for them – not just because of its high pay but also because there are many different options available within that specialty.
