How Much Money Do Surgeons Make?
Surgeons are highly skilled medical professionals who perform surgeries to treat a variety of conditions. They earn a lucrative salary for their expertise and specialized training.
Let’s explore the earning potential for surgeons and find out just how much money do surgeons make across various specialties in the U.S.
Key Takeaways:
- The average salary of a surgeon in the U.S. was $255,110 per year in 2018.
- Surgeons have one of the highest-paying jobs in the medical field.
- Different specialties within surgery can result in varying salaries.
- Location and experience level also impact a surgeon’s earning potential.
- Compared to other medical professions, surgeons generally earn higher incomes.
Average Salary of Surgeons
When it comes to financial rewards, surgeons are among the highest-paid professionals in the medical field. According to the Bureau of Labor Statistics (BLS), the average salary of a surgeon in 2018 was $255,110 per year, equating to an average hourly wage of $122.65. This substantial income reflects the specialized skills and expertise required in this profession.
Surgeons dedicate years to rigorous education, training, and mastering complex surgical procedures. Their compensation reflects the significant investment of time, commitment, and specialized knowledge required to excel in their field.
Financial Rewards for Surgeons
The financial rewards for surgeons extend beyond their impressive salaries. Surgeons also have opportunities for additional income through bonuses, incentives, and private practice earnings. These financial benefits further enhance their earning potential and provide a well-deserved recognition of their contributions to healthcare.
As a surgeon, not only do you get to make a difference in people’s lives every day, but you are also rewarded with a substantial income for your dedication and expertise.
It’s important to note that the actual salary of a surgeon can vary based on factors such as experience, specialization, location, and work setting. In the following sections, we’ll explore how these variables can impact a surgeon’s income and provide a more comprehensive understanding of the financial landscape in the field of surgery.
Surgeon Salaries by Specialty
The salary of a surgeon can vary depending on their specialty. Some of the highest paid surgeons include pediatric surgeons, orthopedic surgeons, and cardiologists, who earn an average annual salary of over $239,200. Other specialties like psychiatry, neurology, and ophthalmology also provide substantial earnings for surgeons, ranging from $219,810 to $226,880 per year.
Surgeons specializing in pediatric surgeries focus on treating infants, children, and adolescents. They often perform complex procedures and require specialized training. Pediatric surgeons are highly valued in the medical field, earning top salaries for their expertise in children’s health.
Orthopedic surgeons specialize in diagnosing and treating conditions related to the musculoskeletal system. They perform surgeries to repair fractures, treat sports injuries, and treat diseases such as arthritis. Due to the high demand for orthopedic surgeries, these surgeons receive significant financial rewards.
Cardiologists, on the other hand, specialize in diagnosing and treating heart-related conditions. They perform surgeries such as bypass surgery and heart valve repair. With the increasing prevalence of heart diseases, cardiologists are in high demand and are among the highest paid surgeons.
Other surgical specialties, such as psychiatry, neurology, and ophthalmology, also offer competitive salaries. Psychiatrists diagnose and treat mental health disorders, while neurologists focus on conditions that affect the brain and nervous system. Ophthalmologists specialize in eye care and perform surgeries to correct vision problems and treat eye diseases.
The earning potential for surgeons can differ based on the demand and complexity of their specialty. Surgeons who choose to specialize in these high-paying surgical specialties can expect substantial financial rewards for their expertise.
Average Annual Salaries by Surgical Specialty
Surgical Specialty | Average Annual Salary |
---|---|
Pediatric Surgery | $239,200 and above |
Orthopedic Surgery | $239,200 and above |
Cardiology | $239,200 and above |
Psychiatry | $219,810 – $226,880 |
Neurology | $219,810 – $226,880 |
Ophthalmology | $219,810 – $226,880 |
Surgeon Salaries by Location
The location of a surgeon can significantly impact their salary. When considering where to practice, surgeons should take into account the cost of living and the demand for their specialty in a particular area. Here are some top-paying states and metropolitan areas that offer higher earning potential for surgeons:
Top-Paying States for Surgeons:
- Nebraska: Mean annual salary of $287,890.
- Maine: Mean annual salary of $275,840.
- New Jersey: Mean annual salary of $270,530.
- Maryland: Mean annual salary of $266,930.
- Kansas: Mean annual salary of $264,030.
Metropolitan Areas with Higher Earning Potential for Surgeons:
- Cincinnati, Ohio: Mean annual salary of $295,140.
- Albany, New York: Mean annual salary of $289,190.
- New Orleans, Louisiana: Mean annual salary of $282,080.
These states and metropolitan areas offer attractive compensation packages for surgeons. However, it’s important to note that factors such as local economies, population needs, and healthcare infrastructure also play a role in determining salary levels.
Surgeon Salaries by Experience Level
Surgeons with more experience generally earn higher salaries. The compensation for surgeons is influenced by the number of years they have been practicing and their level of expertise in a specific surgical specialty. Let’s take a closer look at surgeon salaries based on experience level.
Surgeons with 1 to 4 Years of Experience
Surgeons in the early stages of their careers, with 1 to 4 years of experience, can expect to earn an average salary of about $147,500. Although they are still building their reputation and gaining expertise, their income demonstrates the financial rewards associated with completing medical school and surgical residency.
Surgeons with 10 to 19 Years of Experience
After gaining significant experience and establishing themselves in the field, surgeons with 10 to 19 years of experience enjoy a substantial increase in compensation. On average, surgeons in this category earn around $297,476 per year. Their proficiency and reputation contribute to their higher earning potential.
Surgeons with 20+ Years of Experience
Surgeons who have been practicing for 20 years or more earn some of the highest salaries in the medical profession. With their extensive knowledge, refined skills, and well-established reputation, these experienced surgeons can earn an average salary of approximately $404,500 per year. Their longevity in the field commands a premium compensation.
Surgeon compensation is closely tied to experience level, with higher levels of experience generally correlating to higher salaries. The years spent honing skills, performing surgeries, and gaining expertise significantly contribute to a surgeon’s earning potential.
Surgeon Salaries in Relation to Other Medical Professions
When it comes to earning potential, surgeons rank among the highest-paid medical professionals. Their years of education, rigorous training, and expertise in performing complex surgical procedures contribute to their higher salaries compared to other doctors.
Except for anesthesiologists who also enjoy a similar income, surgeons typically out-earn their medical counterparts. Let’s take a closer look at how surgeon salaries compare to other medical professions:
Comparing Surgeon Salaries
1. Chiropractors: While chiropractors play a crucial role in musculoskeletal health, their salaries are considerably lower than those of surgeons. On average, the annual salary for chiropractors is $71,940, which is significantly less than what surgeons earn.
2. Dentists: Dentists specialize in oral health and dental care. Their salaries can vary depending on their area of expertise and experience. On average, dentists earn around $164,010 annually. Although this is a respectable salary, it falls below the earning potential of surgeons.
3. Nurses: Nurses play a vital role in patient care and assist doctors in various medical settings. However, nurses generally earn lower salaries than surgeons. The average annual salary for registered nurses is around $75,330.
4. Physician Assistants: Physician assistants work closely with doctors to provide medical care and perform tasks under their supervision. While physician assistants earn a solid income, their salaries are still lower compared to surgeons. The average annual salary for physician assistants is approximately $112,260.
Salaries Comparison – Surgeons and Other Medical Professions
Medical Profession | Average Annual Salary |
---|---|
Anesthesiologists | $267,020 |
Surgeons | $255,110 |
Dentists | $164,010 |
Physician Assistants | $112,260 |
Registered Nurses | $75,330 |
Chiropractors | $71,940 |
As shown in the table above, surgeons and anesthesiologists earn the highest salaries among medical professionals. Surgeons enjoy significant financial rewards for their specialized skills, extensive training, and the critical role they play in performing life-saving surgeries.
Steps to Becoming a Surgeon
Becoming a surgeon requires a significant commitment to education and training. Here are the essential steps to embark on this rewarding career:
- Earn a Bachelor’s Degree: Begin by obtaining a bachelor’s degree in a relevant field, such as biology or health science. This lays the foundation for further medical education.
- Pass the MCAT: Take the Medical College Admission Test (MCAT), a standardized exam that assesses your knowledge and readiness for medical school.
- Enroll in Medical School: Successfully gain admission to a medical school accredited by the Accreditation Council for Medical Education (ACME). This typically involves four years of intensive study.
- Complete a Surgical Residency: After graduating from medical school, surgeons must complete a surgical residency program. This residency typically lasts five years and provides hands-on training in surgical procedures under the guidance of experienced surgeons.
- Obtain Licensing and Board Certification: Once the residency is complete, aspiring surgeons must obtain a medical license to practice legally. Additionally, they can pursue board certification in their chosen surgical specialty to demonstrate expertise and enhance career opportunities.
Becoming a surgeon is a rigorous and demanding process, but the rewards are worth it. The education and training received equip surgeons with the skills and knowledge needed to save lives and make a significant impact in the field of medicine.
Costs of Becoming a Surgeon
The path to becoming a surgeon comes with significant costs. Aspiring surgeons must invest in their education, including the cost of medical school, exams, and application fees. The length of education and training also results in potential student loan debt. Additionally, maintaining certification and professional insurance are ongoing costs associated with being a surgeon.
Education Expenses
Becoming a surgeon requires extensive education and training, starting with a bachelor’s degree in a relevant field such as biology or health science. The cost of obtaining a bachelor’s degree varies depending on the institution, but on average, tuition and fees range from $10,000 to $40,000 per year.
After completing a bachelor’s degree, aspiring surgeons must pursue a medical degree. The cost of medical school can be substantial, with tuition ranging from approximately $30,000 to $60,000 per year at public medical schools and $60,000 to $100,000 per year at private medical schools. This does not include additional expenses such as textbooks, medical equipment, and living expenses.
Furthermore, aspiring surgeons must also cover the costs associated with exams and application fees throughout their educational journey. For example, the Medical College Admission Test (MCAT) registration fee is around $320, and application fees for medical schools can range from $75 to $125 per school.
Student Loan Debt
Due to the length of education and training required to become a surgeon, many aspiring surgeons incur substantial student loan debt. According to the Association of American Medical Colleges, the average medical school debt for graduates in 2019 was $201,490.
It’s important for aspiring surgeons to carefully consider their financing options and create a plan to manage their student loan debt effectively. This may include exploring scholarship opportunities, working part-time during medical school to offset expenses, or pursuing loan forgiveness programs for surgeons who choose to work in underserved areas.
Certification and Insurance Costs
After completing their education and training, surgeons must obtain certification in their specialty. Board certification exams can range in cost from $1,000 to $5,000, depending on the specialty.
In addition, surgeons must also carry professional liability insurance, also known as malpractice insurance, to protect themselves against potential lawsuits. The cost of professional insurance for surgeons can vary depending on their specialty, location, and level of experience, but it typically ranges from $10,000 to $50,000 per year.
Surgeon Salaries by Work Setting
Surgeons can work in various settings, each offering distinct benefits and compensation. The annual wage for surgeons depends on the work setting, which can range from physicians’ offices to specialized hospitals. Let’s explore the different work settings and their impact on surgeon compensation.
Physicians’ Offices
In physicians’ offices, surgeons often provide outpatient care and consultation. The mean annual wage for surgeons in this setting is $215,320. While surgeons in physicians’ offices may have a smaller scope of practice, they enjoy the benefits of a flexible schedule and the opportunity to build long-term relationships with patients.
General Medical and Surgical Hospitals
Many surgeons choose to work in general medical and surgical hospitals, where they can perform a wide range of procedures and collaborate with a multidisciplinary team. Surgeons in this setting earn an average annual salary of $252,040. Hospitals offer stability and a supportive work environment, with access to advanced technology and resources.
Colleges/Universities
Colleges and universities provide opportunities for surgeons to combine clinical work with research and teaching. Surgeons in this setting earn a mean annual wage of $175,410. Working in academia allows surgeons to contribute to medical education, mentor aspiring doctors, and engage in cutting-edge research.
Outpatient Care Centers
Outpatient care centers focus on providing same-day surgical procedures and specialized treatments. Surgeons in these centers have a mean annual wage of $277,670. Working in outpatient care centers can offer a more predictable schedule and increased autonomy for surgeons while providing efficient and cost-effective care to patients.
Special Hospitals
Special hospitals, such as cancer centers or cardiac hospitals, provide specialized care for specific conditions. Surgeons working in these institutions earn an average annual salary of $247,520. Special hospitals offer surgeons the opportunity to work with a dedicated team focused on specific medical areas, providing highly specialized and comprehensive care to patients.
As shown in the table below, the earnings of surgeons differ based on the work setting. From physicians’ offices to specialized hospitals, each setting brings its unique combination of challenges and rewards.
Work Setting | Mean Annual Wage |
---|---|
Physicians’ Offices | $215,320 |
General Medical and Surgical Hospitals | $252,040 |
Colleges/Universities | $175,410 |
Outpatient Care Centers | $277,670 |
Special Hospitals | $247,520 |
Surgeon Salary Breakdown: Monthly and Weekly Earnings
Surgeons’ salaries can be broken down into monthly and weekly earnings. On average, surgeons in the lower 10% earn about $5,468 per month, while those in the highest 10% earn an average of $19,933 per month. This translates to an average weekly salary of $4,410 for a surgeon working a standard 40-hour workweek.
The table below provides a detailed breakdown of surgeon salaries by percentile, displaying their monthly and weekly earnings:
Percentile | Monthly Salary | Weekly Salary |
---|---|---|
10% | $5,468 | $1,267.69 |
25% | $8,461 | $1,954.85 |
50% | $13,857 | $3,199.62 |
75% | $19,809 | $4,575.00 |
90% | $19,933 | $4,600.38 |
It’s important to note that these figures represent general averages, and individual surgeon salaries may vary based on factors such as experience, specialization, location, and work setting.
In addition to monthly and weekly earnings, surgeons also earn an average hourly wage of $110.24. However, it’s crucial to consider that surgeons often work long and demanding hours, including nights, weekends, and being on-call. The dedication and commitment required for surgical practice contribute to the financial rewards that surgeons receive.
“Surgeons have the potential to earn a high income, but the rigorous training and demanding nature of the job reflect their dedication to providing exceptional surgical care. The combination of expertise, skills, and long hours contribute to the financial rewards that surgeons enjoy.”
Surgeon Salaries by State and Metro Area
The earning potential for surgeons can vary significantly based on the location of their practice. Factors such as cost of living, job opportunities, and local economic conditions can all impact surgeon salaries. Below, we highlight the highest paying states for surgeons and the top metro areas for surgeon salaries in the United States.
Highest Paying States for Surgeons
- Nebraska: With a mean annual salary of $287,890, Nebraska stands out as the highest paying state for surgeons.
- Maine: Surgeons in Maine earn an average yearly salary of $282,740, making it one of the top states for surgeon compensation.
- New Jersey: Surgeons practicing in New Jersey enjoy an average annual salary of $275,080, contributing to its reputation as a high-paying state for medical professionals.
- Maryland: Maryland offers attractive salaries for surgeons, with a mean annual wage of $269,040, making it a sought-after location for surgical careers.
- Kansas: Surgeons in Kansas earn an average annual salary of $264,030, putting it among the top-paying states in the U.S.
These states provide lucrative opportunities for surgeons, ensuring financial stability and rewarding their expertise in the medical field.
Top Metro Areas for Surgeon Salaries
Metropolitan areas often offer higher salaries for surgeons due to increased demand and a higher cost of living. Here are some of the top metro areas in the United States for surgeon salaries:
- Cincinnati, Ohio: Surgeons in the Cincinnati metro area earn an average annual salary of $298,670, making it one of the most financially rewarding regions for surgical careers.
- Albany, New York: Surgeons in Albany enjoy an average yearly salary of $290,950, highlighting the strong earning potential in this metropolitan area.
- New Orleans, Louisiana: Surgeons practicing in New Orleans have an average annual wage of $288,420, providing competitive compensation for their skills and expertise.
- Portland, Oregon: The Portland metro area offers attractive salaries for surgeons, with an average yearly income of $284,420, making it a desirable location for surgical professionals.
- Pittsburgh, Pennsylvania: Surgeons in Pittsburgh earn an average annual salary of $283,730, reflecting the city’s commitment to providing competitive compensation for medical specialists.
These metro areas not only provide higher earning potential but also offer a rich professional and cultural environment for surgeons to thrive in their careers.
Financial Planning for Surgeons
With their high earning potential, surgeons need to prioritize financial planning to ensure long-term stability and security. Managing surgeon income involves various essential steps to optimize their financial well-being.
Creating an emergency fund is a crucial first step for financial planning. Establishing a fund that covers at least three to six months’ worth of living expenses can provide a safety net during unforeseen circumstances.
Additionally, surgeons must manage their student loan debt effectively. Developing a strategic plan to pay off loans while also considering options for loan consolidation or forgiveness can help alleviate financial burdens and optimize long-term savings.
Another crucial aspect of financial planning for surgeons is saving for retirement. Contributing consistently to retirement accounts, such as a 401(k) or an Individual Retirement Account (IRA), can secure a comfortable retirement and take advantage of tax benefits.
Furthermore, working with a financial advisor who specializes in the unique financial challenges faced by surgeons can provide guidance in making informed financial decisions. They can help determine the most suitable investment strategies, assist with tax planning, and create a comprehensive financial plan tailored to the surgeon’s goals and aspirations.
Overall, financial planning plays a crucial role in managing surgeon income and ensuring long-term financial success. By taking steps to create an emergency fund, manage student loan debt, save for retirement, and work with a financial advisor, surgeons can make the most of their earnings and secure their financial future.
FAQ
How much money do surgeons make?
Surgeons earn a lucrative salary for their expertise and specialized training. The average salary of a surgeon was 5,110 per year in 2018.
What is the average salary of surgeons?
The average salary of a surgeon is 5,110 per year, according to the Bureau of Labor Statistics (BLS).
Which surgical specialties have the highest paid surgeons?
Some of the highest paid surgical specialties include pediatric surgery, orthopedic surgery, and cardiology, with average annual salaries over 9,200.
How does the location impact surgeon salaries?
The location of a surgeon can impact their salary. The highest-paying state for surgeons in the U.S. is Nebraska, with a mean annual salary of 7,890.
What is the earning potential for surgeons based on experience?
Surgeons with more experience generally earn higher salaries. For example, surgeons with 1 to 4 years of experience can make about 7,500, while those with 10 to 19 years of experience can make 7,476 on average.
How do surgeon salaries compare to other medical professions?
Surgeons typically earn higher salaries compared to other medical professions, except for anesthesiologists who earn a similar income. The complexity of surgical procedures and the years of education and training contribute to the higher earning potential for surgeons.
What are the steps to becoming a surgeon?
To become a surgeon, one must earn a bachelor’s degree in a relevant field, pass the Medical College Admission Test (MCAT), complete four years of medical school, and complete a surgical residency program, which typically lasts five years. Licensing and board certification are also necessary to practice as a surgeon.
What are the costs associated with becoming a surgeon?
The path to becoming a surgeon comes with significant costs, including the cost of medical school, exams, application fees, potential student loan debt, and ongoing costs such as maintaining certification and professional insurance.
How does the work setting impact surgeon salaries?
Surgeons can work in various settings, such as physicians’ offices, hospitals, and outpatient care centers. The mean annual wage for surgeons varies depending on the work setting, ranging from 5,410 in colleges/universities to 7,670 in outpatient care centers.
What is the breakdown of surgeon salaries in terms of monthly and weekly earnings?
On average, surgeons in the lower 10% earn about ,468 per month, while those in the highest 10% earn an average of ,933 per month. This translates to an average weekly salary of ,410 for a surgeon working a standard 40-hour workweek.
How do surgeon salaries vary by state and metropolitan area?
Surgeon salaries vary by state and metropolitan area. Nebraska has the highest mean annual salary for surgeons, followed by states like Maine, New Jersey, and Maryland. Metropolitan areas like Cincinnati and Albany offer higher salaries for surgeons compared to other regions.
How can surgeons engage in financial planning?
Surgeons should engage in financial planning to ensure financial stability and make the most of their income. This includes creating an emergency fund, managing student loan debt, saving for retirement, and working with a financial advisor to make informed financial decisions.