Negotiate Your Orthopedic Surgeon Salary & Other Compensation
A major way to impact your salary is through negotiations. This is something to carry out when you first gain a position, as well as when there is a change to your credentials or work situation, such as a new skill, the desire to buy in to profit sharing or a change within your organization. The data shows that total compensation can be more than $150,000 over the base salary, when you factor in additional compensation like bonuses and benefits.
Keep total compensation in mind when negotiating your contract. Beyond base salary, negotiate for things like profit sharing, signing or production bonuses, commissions and a good benefits package. You may also want to negotiate your hours and work load. This could provide a better work-life balance or free up additional time for you to earn more. The people you negotiate with expect to bring the amount down from the number you suggest, so ask for more than you would be satisfied with.
Thoracic Surgeon $ 668 350
Thoracic or cardiothoracic surgery refers to operations or surgeries that take place in the chest. Its one of the highest-paid specialties where the highest earnings of surgeons in the USA is $563,076.
In the USA, the average earnings of thoracic surgeons are $407,577-$563,076. In Switzerland, you can earn around $ 668 350 a year through this profession.
Theres a high demand for thoracic surgeons worldwide. The thoracic surgeons are specialists who operate on the esophagus, heart, lungs, and trachea.
Thoracic surgeon candidates usually need a 4 year UG degree and a medical degree to become a thoracic surgeon.
In the USA, there are high-paying roles for a thoracic surgeon. Thats why its the best place to earn more in this profession.
How Much Do Surgeons Make In Canada
Net income among physicians varies widely. Figures in this article are based on data from the Canadian Institute for Health Information , and represent average gross clinical income before overhead, taxes and other expenses.
There are more than 10,900 surgeons working in Canada today, earning an average gross annual income of $573,586.
But surgeons income varies widely, depending on the surgical specialty and province of practice.
Take me to the tables
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Specialties And Group Practices
Some orthopedic surgeons subspecialize in a certain field or part of the body, such as sports medicine or the spine, and the type of group practice they work in influences their salary. The Medical Group Management Association, in its Physician Compensation and Benchmarking Survey 2017, reported salaries of orthopedic surgeons in certain single specialty and multispecialty practices for the year 2016. Most medical practices are still privately owned, although ownership is shifting toward ownership hospital systems and other entities. The highest-paid specialists, according to the survey, were orthopedic surgeons who specialized in the spine and worked in multispecialty practices. They earned $795,086 annually. In comparison, a general orthopedic surgeon working in a multispecialty practice earned an average salary of $581,092. Pediatric orthopedic surgeons in a single-speciality practice received compensation of $563,058, and orthopedic surgeons specializing in joint replacement earned $718,618. Orthopedic surgeons subspecializing in hands earned an average of $604,869
How Much Do Orthopedic Trauma Surgeons Make In Different States
Orthopedic trauma surgeons are among the highest paid medical specialists in the United States. They earned a median annual salary of $443,000 as of May 2016, according to the U.S. Bureau of Labor Statistics. The top 10 percent of earners in this field made more than $749,000 per year, while the bottom 10 percent earned an annual salary of $208,000 or less.
The state with the highest orthopedic trauma surgeon salary was Texas, where these doctors earned an average annual wage of $562,000. New York was the second highest-paying state for this occupation, with an average yearly salary of $526,000. Orthopedic surgeons in California earned an average wage of $494,000 per year.
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Do Orthopedic Surgeons Make A Lot Of Money
Orthopedic surgeons make an awful lot, too. They are guaranteed an average base salary of $521,000, according to the Merritt Hawkins data. These specialists earn an average of $453,000, not including production bonuses or benefits.
Quality Of Life For Orthopedic Surgeon And Sports Medicine Physician
With a take-home pay of roughly $36,984/month, and the median 2BR apartment rental price of $2,506/mo**, an Orthopedic Surgeon And Sports Medicine Physician would pay 6.78% of their monthly take-home salary towards rent.
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Best States For Orthopedic Surgeon Salaries
A major factor in determining what your salary may look like is the location in which you plan to work. However, this principle applies to nearly all occupations largely due to the varying cost-of-living rates across the country. The Bureau of Labor Statistics collects salary and employment data for nearly all positions, nationwide. The following table includes all data compiled from the BLS from each state including total number of jobs and wages as of May 2016. Search or sort the table to find out what you can expect to make if orthopedic surgery is in your future:*Location quotients serve as a statistical representation of the concentration of a resource, like jobs, with a broader base area.
Orthopedic Surgeon: Hip And Joints $756000
Orthopedic surgeons specialize in things like hip and knee replacements. They mainly work with older patients.
They also need to be on call in case of accidents and usually work more than 60 hours/week.
To become an orthopedic surgeon you need at least 6-7 years after you graduate from med school. This includes a minimum of 5 years residency, plus fellowship.
Medscape Physician Compensation Report 2021
This report lists several surgery specialties among the top paid medical jobs in the US.
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Frequently Asked Questions About An Orthopedic Surgeon Salaries
The national average salary for an Orthopedic Surgeon is US$411,654 per year in United States. Filter by location to see an Orthopedic Surgeon salaries in your area. Salaries estimates are based on 210 salaries submitted anonymously to Glassdoor by an Orthopedic Surgeon employees.
The highest salary for an Orthopedic Surgeon in United States is US$865,149 per year.
The lowest salary for an Orthopedic Surgeon in United States is US$195,872 per year.
Orthopedic Surgeons Earned An Average Salary Of $557000 In 2021
Although 56% of orthopedic surgeons reported some , salaries for most orthopedists increased in 2021. Orthopedic surgeons earn one of the highest salaries among all specialties, outranked only by plastic surgeons . Other top-paying specialties include cardiologists , otolaryngologists , and urologists .
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Average Salary For Surgeons
Wondering which surgeons make the most money? According to a 2021 report from Doximity, surgeons can make anywhere from more than $450,000 to nearly $800,000. A few surgery specialties are among the highest-paying jobs in the medical industry. For example, neurosurgeons earned an average of $773,201 and thoracic surgeons earned an average of $684,663. Keep in mind different surgical specialties can have very different lifestyles and schedule requirements.
For comparison, general surgeons earned an average of $451,151 per year, still among the highest-paying specialties.
Medscape, though, has shown some slightly lower numbers. In a survey of 18,000 surveys across 29 specialties, the data shows the average general surgery salary from 2020 to be $373,000. Considering the 2019 average was $364,000, you could estimate the 2021 average would be somewhere in the neighborhood of $380,000a big difference from the $451,151 cited by Doximity.
Here’s the chart released by Doximity showing the 20 highest-earning specialties. Of the 20, eight are surgery specialties.
How Do Psychiatrists Get Rich
Probably one of the most reliable ways to make top dollar though is through building and owning/managing a large clinic. Easiest way is probably to take a typical 30 hr/week job at decent to above average pay for psych and pick up moonlighting shifts. Or just do locums, but that has it’s own problems.
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Orthopedic Surgeon: Spine $835000
Orthopedic surgeons have become one of the highest paid doctors in the world. They diagnose and treat injuries and diseases of the musculoskeletal system.
All major sports teams in the U.S and Europe have at least one specialist on standby and pay millions of dollars annually for their services.
Spinal orthopedic surgeons focus on clinical diagnoses around spinal bones and muscles, like scoliosis.
What Surgeon Makes The Most Money In 2022
There is no doubt that surgeons are among the highest paid professionals in the medical field. In fact, in many countries, the list of top 5 highest-paid physician specialties is composed entirely of surgeons.
Lets review the data available online and see which field of surgery has the highest paid doctors. As you will see below, the numbers vary depending on sources.
Organizations that create annual salary reports use their own methods to obtain and classify this data, hence the difference.
Top 10 highest-paid physician specialties
In 2019 MGMA analyzed data from more than 6000 organizations and 160,000 physicians. So, how much do surgeons make?
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Strategize Where You Work
You may determine the best location from the start or you may make a strategic career move after gaining some experience. Either way, choosing certain places to work can increase your compensation considerably. Location includes both the type of practice where you work and the area where the practice is. Through the data, we saw that you can make significantly more by working for a hospital/IDS owned organization compared to a physician owned practice. You could also think about moving to one of the highest paid areas in the country for this field, such as the Midwest and a metro area with under 250,000 people. If you do move, negotiating a relocation bonus can increase your net income even more.
Do Orthopedic Surgeons Have To Be Strong
You dont need to be strong we have power tools and you dont have to be an athlete to understand the body. It is also important for women to know that they can be an orthopedic surgeon and have a family life, as I do. OConnor is one of the few women in the country to chair an orthopedics surgery department.
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Why Are Surgeons Paid So Much
The median wage for American surgeons in 2010 was $166,400 USD a year. One of the main reasons that doctors are paid as well as they are is because their services are absolutely essential. They may work long, very busy days and treat a range of people with different needs. The services of a doctor are essential.
The Average Salary For Orthopedic Surgeons In Private Practice
Although some people nickname them “bone doctors,” orthopedic surgeons also treat conditions of the joints, muscles, ligaments, tendons, nerves and skin the entire musculoskeletal system. And while their title includes the word “surgeon,” they treat patients with medicine, exercise and physical therapy as well as surgery. Becoming an orthopedic surgeon requires years of education, and they’re among the highest-paid physicians. Some orthopedic surgeons in private practice command a top salary.
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How Much Does An Orthopedic Surgeon Make
There are many people in the world that aspire to become doctors, but only few who make it through all the years of rigorous training to reach that goal. When we are looking at the field of medicine,
There are many people in the world that aspire to become doctors, but only few who make it through all the years of rigorous training to reach that goal. When we are looking at the field of medicine, there are many different paths in which people can take. Many doctors look to open a general practice, while others look to specialize in a certain field.
This article takes a deeper look into the profession of fixing broken bones. Being an orthopedic surgeon is no small task. When you are the one to go to for a persons broken bone, this is a very big responsibility. Orthopedic surgeons also must go through 8 years of schooling and more years of residency. This preparation and responsibility is rewarded greatly in our society.
So here is the underlying question. How much does an orthopedic surgeon make? An Orthopedic surgeon can look to make just over $400,000 dollars a year. This salary needs to take into account the malpractice insurance that a surgeon must pay, and also the costs of running a practice if the surgeon isn’t working for a hospital or other surgery center.
Becoming an Orthopedic Surgeon is no easy task, but it is the kind of career that is rewarding not only financially, but with the contribution that you are able to make to your community.
Average Orthopedic Surgeon Salary By State
An orthopedic’s salary can vary depending on the state they choose to work in. The following are the average orthopedic salaries by state according to Indeed and the Bureau of Labor Statistics:
Alabama: $256,320 per year
New Hampshire: $275,840 per year
New Jersey: $191,686 per year
New Mexico: $280,430 per year
New York: $198,094 per year
North Carolina: $254,900 per year
North Dakota: $219,390 per year
Ohio: $256,248 per year
Rhode Island: $257,000 per year
South Carolina: $256,650 per year
South Dakota: $227,710
Vermont: $272, 550 per year
Virginia: $248,549 per year
West Virginia: $267,629 per year
Wisconsin: $256,953 per year
Wyoming: $194,994 per year
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What Is An Orthopedic Trauma Surgeon
Orthopedic trauma surgeons are medical doctors who specialize in the diagnosis and treatment of injuries to the musculoskeletal system. This includes bones, joints, ligaments, tendons, and muscles. Orthopedic trauma surgeons use both surgical and nonsurgical methods to treat their patients.
Most orthopedic trauma surgeons work in hospital settings, although some may have their own private practices. These surgeons typically work long hours, including nights, weekends, and holidays. They may be on call for emergencies at all hours of the day or night.
Orthopedic trauma surgeons must complete a four-year undergraduate degree, followed by four years of medical school. They must then complete a five-year residency in orthopedic surgery. Following their residency, they may choose to complete a one- or two-year fellowship in orthopedic trauma surgery. Orthopedic trauma surgeons must be licensed to practice medicine in the state in which they work.
Skills Required For Orthopedic Surgeons
The following skills are needed to become a successful orthopedic surgeon.
Effective communication skills as they interact regularly with patients, their families and other medical professionals
Motor skills and hand-eye coordination when operating long and tedious surgeries
Ability to handle stressful situations calmly
Leadership skills to direct other medical professionals during a complex surgery
Problem-solving skills as they diagnose and treat patients with rare disorders
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Doctor Salary By Specialty
It’s difficult to get salary numbers that agree with each other. Average specialty pay varies significantly between surveys. The Doximity numbers are different than the ones published by the Medscape survey just eight months earlier.
Medscape says plastic surgeons make $526,000. Doximity says $556,698. That’s more than a 5% percent difference. Medscape says pediatricians make $221,000. Doximity says $251,000. That’s a 14% difference. Medscape says thoracic surgeons make $511,000. Doximity says $633,620. That’s more than a 19% difference. Medscape says orthopedists make $511,000. Doximity says $633,000, 24% more.
What is a doctor who just graduated residency or even a veteran physician who wants to negotiate a contract supposed to do with that much variation between averages ? And what if you’re in one of those specialties with a surgery that’s neither high nor low, like OB/GYN or Psychiatry or Emergency Medicine or Neurology that Doximity didn’t even report on ? Are you stuck paying $965 to get MGMA data? Is that data even any better than these surveys?
To read the entire Doximity report which also includes information on physician compensation in different metro areas, cities with the fastest-growing doctor salaries, and COVIDs impact on physician retirement. Heres even more information if youre looking for a doctors hourly rate, broken down by specialty.
Job Outlook For Orthopedic Surgeons
According to the Bureau of Labor Statistics, the demand of orthopedic surgeons should increase 7% over the next decade. They are also projected to increase in demand due to researchers constantly uncovering new diseases, prevention and cures. More surgeons will be needed to treat and cure any diseases and disorders.
As the need for healthcare continues to increase, especially for older and aging patients, the need for orthopedic surgeons will heighten so they can care for more aching muscles and joints. As the population increases over the years, more orthopedic surgeons will be needed to care for infants and children that are experiencing problems with their growing bones and muscles.
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Orthopedic Surgeon Salary In Florida
How much does an Orthopedic Surgeon make in Florida? The average Orthopedic Surgeon salary in Florida is $490,380 as of September 26, 2022, but the range typically falls between $385,530 and $634,390. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Jobs with a similar salary range to Orthopedic Surgeon :Pediatric Neurosurgeon
|10th Percentile Orthopedic Surgeon Salary||$290,070|
|25th Percentile Orthopedic Surgeon Salary||$385,530|
|50th Percentile Orthopedic Surgeon Salary||$490,380|
|75th Percentile Orthopedic Surgeon Salary||$634,390|
|90th Percentile Orthopedic Surgeon Salary||$765,504|