Salaries in the Medical Field

March 9th, 2011 by admin

Medical careers offer challenging, but rewarding, jobs, that require a fair amount of education. Here are how various medical positions stack up in terms of wages earned and the cost of schooling.

Medical assistants require an associate’s degree, costing around $5,000 on average to obtain, but earn around $29,760 each year. One advantage of a career as a medical assistant is that it only requires about two years of schooling, and it costs much less to earn an associate’s degree than other degrees, allowing one to gain experience in the medical world rapidly. With a bachelor’s degree, costing around $28,000, one can become a registered nurse and earn about $47,000 per year. Nurses usually have about four years of schooling total.

Primary care physicians earn about $179,060 per year, but need both a bachelor’s and doctorate degree which gets pretty pricey. Specialist physician’s need the same amount of schooling, but can earn significantly more per year or more due to their extensive training through internships and residency programs. Physicians usually attend school for eight years, and spend another few years as residents in a hospital.

Hospital CEOs can earn the most of all, on average, $440,000, and need both bachelors and master’s degrees, which take six years to earn, and cost about $99,000.

Physicians take around eight years to earn their medical degree, after which, they have a period of residency at a hospital in order to earn their certification. Doctors earn anywhere from $30,000-$50,000 each year of residency. The length of residency for different types of doctors varies; while most primary care physicians spend around three years as residents, surgeons usually need about five to six years of residency.

If you are interested in the field of medicine, becoming a certified medical assistant is a great way to get started. You can start by doing online research into medical assistant colleges and medical assistant programs.

Information gathered from the Bureau of Labor Statistics, American College of Healthcare Executives, and Answer.com

 

Salaries in the Medical Field

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