Today we are going to be talking about the Top 5 Highest Paying Doctor Specialties with High Salary because we all know the doctors make bank. But how many banks are the question and we all know even if we don’t want to become a medical doctor, we’re all extremely curious about which specialties make the most.
It’s surprisingly difficult to find the answer to this because most of the data out there is really bad. But after doing some research, I found the best resources for accurate information on physician compensation that are available out there.
Top 5 Highest Paying Doctor Specialties with High Salary
So we will discuss which doctor specialties make the most. Alright.
5. Orthopedic Joint Surgery Specialist
So first one on the list number five is going to be Orthopedic Joint Surgery Specialist. Now orthopedic joint surgery is going to come in at about $756,000 a year. That’s according to MGMA data, which in my opinion is the most accurate when it comes to subspecialties.
However, if you look at Medscape, which is more of just general orthopedic surgery, it says they make around $511,000. Now orthopedic surgeons are going to specialize in the musculoskeletal system that’s going to be bones, ligaments, tendons, muscles, and joints.
Orthopedic joint surgery is of course going to be a subspecialty of that where you focus on joints specifically now in order to become an orthopedic joint surgeon, it is a very long road. So of course you’re going to start off as an undergraduate that’s about four years or so then you have to get into med school, which is very difficult.
You got to do four years of med school. So already, even if you got in on your first time, that’s eight years right off the bat, then on top of that you have to do a five-year residency and you’re going to start off just doing general orthopedic.
Then as the residency goes on, you’re going to get more and more specific if you want to go into joints. Now when it comes to orthopedic joint surgery, pretty much everybody is going to be doing a fellowship as well. And the fellowship is going to be an extra year on top of that.
So that is a total of 14 years, at least from the time that you graduate high school to the time that you become an orthopedic surgeon.
4. MOHS Surgery Specialist
Next on the list is going to be number four MOHS Surgery. Now, this is a precise surgical technique used to treat skin cancer. So you’re basically combining the expertise of three different types of doctors. So you’re going to be kind of like a dermatologist, a surgeon, and an oncologist. All in one.
This is also known as MOHS Micrographic Surgery, and it was named after its founder, Dr. Frederick most. Now, most cases of this surgery are going to happen on the head and the neck. And of course, being a surgeon who is operating on somebody’s head, you know, you definitely have to know what you’re doing.
So in some cases, you’re going to be doing really complicated surgical techniques, almost like a plastic surgeon doing flaps and grafts. Now in terms of the residency length, in order to get into most surgery, you’re going to do a dermatology residency, which is about three years, and then another one to two years in order to specialize in MOHS surgery.
So that’s about four to five years overall with the option to do a fellowship afterward. Now as a MOHS. Surgeon, you’re going to make around $784,000 A year and on top of that most surgery and really just dermatology, in general, is well known for having a good work-life balance.
This is of course extremely rare when it comes to becoming a physician. Usually, physicians don’t have a good work-life balance. So this can be a great one for the right person, the right personality. Now Medscape didn’t have any exact data on MOHS surgery because it’s just too much of a subspecialty for them to keep that data.
They basically just bunched it all together into these groups, but plastic surgeons on Medscape make around 526,000 A year and dermatologists make around $394,000.
3. Cardiovascular Surgery Specialist
Next on the list is going to be Cardiovascular Surgery and they make around $795,000 a year now cardiovascular surgeons are going to operate on your heart as well as your blood vessels throughout your body.
Now I was lucky enough to be able to see several open-heart surgeries and watch cardiovascular surgeons do their thing and it’s truly amazing. I saw a quadruple bypass surgery where they take the vein out of the knee area and then they put it onto the heart and I just watched the whole process it was several hours and it was just awesome.
Now the money here is fantastic but unfortunately, there are some downsides to this one. First of all, the work-life balance isn’t great. A lot of the time you are We’re going to be basically doing emergency surgeries. So you’re going to be on call all the time, you’re going to be working very long hours.
On top of that, the residency training is usually six to eight years. And because of how competitive it is, it’s usually more in the seven to the eight-year range. You know, becoming a heart surgeon is not very easy, it takes a long time to master.
Now, again, Medscape data did not have this subspecialty they showed cardiologists making around $459,000 a year and general surgeons making around $373,000.
2. Spinal Orthopedic Surgeon Specialist
Next on the list is going to be a Spinal Orthopedic Surgeon. So before we talked about the orthopedic joint surgeons, now we’re going to be talking about an even higher paid type of surgeon, which is the spinal orthopedic surgeons, and they make $835,000 a year.
Now, the residency here is usually going to be around five to six years, so relatively long, but not as bad as cardiovascular surgeons. And really just any type of orthopedic surgeon is going to make quite a bit of money. But if you want to make even more than you want to specialize, and you can even specialize further than this.
Like there’s one doctor I heard about who is a specialist in shoulder, orthopedic joint surgery, and he would only treat athletes, so people who had issues with their shoulder, and like let’s say you’re a pitcher for a baseball team, you would only treat athletes who have that specific problem.
This guy made around $15 to $20 million a year, right. So there is big money to be made in orthopedic surgery, especially if you look at the top-level button.
1. Brain Surgeon Specialist
Number one on the list is probably no surprise, you actually do have to be a Brain Surgeon to do this job. And that is neurosurgery. They make around $875,000 A year and this is going to be surgery performed on the nervous system, specifically the brain and the spinal cord.
So in order to become a neurosurgeon, it’s going to be five to seven years of residency, probably more on the seven-year side, plus a fellowship. In many cases, this is a very difficult and demanding job, you’re going to be seeing tons of patients and doing lots of surgeries as well.
This one definitely does not have the best work-life balance, but you have the best opportunity to make the most money cerebrovascular surgery is almost like a sub-specialty of neurosurgery. You can easily clear over $1 million dollars a year if you just focus on doing cerebrovascular surgeries.
Now, of course, as with all of these different surgeons, a lot of the time it’s going to be advantageous for you to have your own business you have your own private practice. Fortunately, there is really good demand in this field, you’re never going to be out of the job if you’re a neurosurgeon.
In fact, you’re probably going to be constantly bothered to do more surgeries when you’re just trying to get some sleep and as with a lot of different specialties, you’ll likely make bank if you go to more undesirable areas. This is another one where I’ve had the pleasure of seeing spinal surgeries.
A lot of the time these surgeries will take a very long time we’re talking like you know 12 hours plus so if you’re somebody who wants to specialize in cerebrovascular surgery, work a lot on your own practice and move out in the middle of nowhere. It’s going to be hard for you to not make millions of dollars a year doing this.