How Much Money Does a Pediatric Doctor Make?
Paediatric doctors, more commonly known as paediatricians, are general practice doctors who only see children, typically up to the age of 18. They perform wellness exams and physicals, diagnose childhood illnesses and other diseases and develop treatment plans.
If you love working with children and want to enter the medical field, a career as a paediatrician may be for you. However, before jumping into such a big commitment, you should understand how much you can expect to make in this field.
According to PayScale, as of 2010, the average salary of a paediatrician in the United States was between £64,838 and £92,639.
The U.S. Bureau of Labor Statistics listed a mean annual wage for this occupation of £104,916, as of 2010. A mean is the midpoint between the highest and lowest earning professionals in a given field, whereas an average is the addition of all wages for a given field, divided by the number of practicing professionals.
Paediatric doctors can work in many settings, such as hospitals, private paediatric practices and health clinics. The setting in which you choose to work can impact how much you earn.
For instance, according to PayScale, paediatricians working in hospitals had lowest starting salaries but also the highest earning potential, with an average salary between £63,112 and £91,113. Meanwhile, those working in health clinics typically earned the least, with average salaries between £61,352 and £88,738.
Paediatric doctors have several available educational routes, and which route you take can affect your earning potential. For instance, those with a doctor of medicine degree (MD) earned on average, between £65,531 and £94,907, while those with a Ph.D. earned between £39,000 and £66,128, according to PayScale.
Where in the country you choose to live can also impact how much you earn as a paediatric doctor.
According to PayScale, the parts of the country where paediatricians earn the most are Detroit; Louisville, Ky.; and Columbia, S.C. The Bureau of Labor Statistics listed Daytona Beach, Fla., and Wichita, Kan., as the top earning locations as of 2008. In general, locations with fewer paediatric doctors, and thus more demand, will pay the most.
Like other medical professionals, paediatricians must often put in long hours.
Aside from this, paediatricians can graduate with many thousands of dollars in student loans, reducing the amount of disposable income they make. According to the YourPediatrician website, you can expect to pay as much as £169,000 in an education to become a paediatric doctor.