Surprisingly, Luxembourg is considered the most lucrative country for doctors around the world. Luxembourg is a small country in Western Europe, its population is around 632000. Luxembourg is among the top 10 countries that offer high quality of life around the world.
Neurosurgeons are the highest paid physician specialists, earning an average of $788,313 annually, according to Doximity's "2023 Physician Compensation Report." The results were drawn from survey responses from 190,000 physicians over the last six years, including 31,000 in 2022.
Neurosurgeons have the highest average taxable income in Australia at $575,687 AUD. Then come Ophthalmologists, ENT Surgeons, Cardiologists, Urologists, Orthopaedic Surgeons, Plastic Surgeons, Vascular Surgeons and Gastroenterologists.
What are your financial needs? British doctors earn an average of £70,000. But in Australia, they earn an average of a practice's income, which is normally on average somewhere between £150,000-200,000 per year. And they do it with much less mental stress and fatigue.
In general, doctors in Australia are well-compensated, with salaries that are competitive with other high-paying professions. It's worth noting that becoming a doctor in Australia requires a significant amount of education and training.
By expanding services and increasing the number of patients seen, income will increase. This increased income means there is motivation for GPs to work longer hours and see more patients which all leads to the highest paid doctors being in Australia.
Also, when you consider their experience, surgeons can expect to earn more annually. For example, the average salary for surgeons with experience between 10 and 19 years is approximately AU$200,000 per year. In contrast, those with over 20 years of experience earn up to AU$350,000 per year.
Based on our latest GP salary survey (May 2023), the average GP salary in Australia is $334,000 for GPs who work 7 or more sessions per week (full-time). The annual General Practitioner salary for part-time GPs, working 6 sessions or less per week, amounts to an average of $164,000 pa.
It should be noted that pediatricians have the lowest annual salary out of any specialty on our list; however, they also work fewer hours than most specialties. The biggest draw for pediatrics is that you get to work with children and adolescents.
Why such high pay? Doctors are valued and highly trained: they are deserving of an income that reflects this. And arguably, as a country's health and wealth rises, so should doctors' pay.
In New Zealand, the average yearly General Practitioner Salary in is between $145,000-200,000 NZD. In Australia, the average yearly General Practitioner salary is between $172,000-204,000 AUD. These salaries are based on working 38 hours/week without on-call time.
The strong influence of the Royal College of Surgeons of England in the formative years of the Royal Australasian College of Surgeons (RACS) led to the persistence of the use of Mr in Australia. In North America Surgeons use Dr or specify MD in their name.
Surgeons, as discussed earlier, are also in high demand across Australia. As the population ages, the need for surgical interventions, including orthopedic, cardiovascular, and general surgeries, increases.
The demand for surgeons in Australia has been steadily growing over the past few years, with numerous factors contributing to this increased need. As the population continues to age and expand, the requirement for medical professionals, especially surgeons, becomes increasingly vital.
The average Australia/New Zealand surgeon is working 53 hours per week.
The average surgeon salary in Australia is $191,148 per year or $98.02 per hour. Entry-level positions start at $131,926 per year, while most experienced workers make up to $203,151 per year.
1. Surgeon ($457,281) Surgeons were the top-paying job in the country, making an eye-watering $457,281 per year. There are 4,157 in Australia.
A specialist doctor's salary in Australia can vary based on the location. Western Australia is the highest-paying state for consultants and senior doctors with the average senior doctor salary close to $300,000.
Their monthly base pay is A$7,675, which is 1/12th of the annual base salary of A$92,098. Assuming a normal month, working 38 hours per week, they would have worked around 165 hours in that month.