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Medicine Outcomes & Career Options

Outcomes & Career Options

Physicians diagnose and treat various medical conditions, with many specializing in specific areas like cardiology, neurology, or pediatrics. Depending on their specialty, they perform procedures, prescribe medications, and offer advice tailored to their field of expertise. Physicians may choose from a variety of settings such as working in a managed care system (HMO, PPO), a clinic, hospital, laboratory, industrial, or military venues, or in a combination of these.

Educational Qualifications

The minimum educational requirement for entry into most US and Canadian medical schools is a 4-year Bachelor’s degree. In medical school, students spend most of the first two years in laboratories and classrooms studying the basic sciences with some clinical exposure. During the last two years, students proceed through clinical rotations working with patients in hospitals, which consists of on-the-job training in one or more specialties, under the direction of experts in that discipline. Once completed, the physician must pass national board exams before he/she is licensed to practice medicine.

Job Outlook

Overall, becoming a physician requires physical, emotional and intellectual stamina and lots of perseverance. It takes the desire to work with and for people, and particularly, the ability to use critical thinking to solve problems. Prospective physicians must be prepared to study throughout their careers to keep up with medical advances, and to be flexible enough to respond to changes in the healthcare system.

 


3% Job Market Growth

$239,200 Median Salary

 

Wages for physicians and surgeons are among the highest of all occupations, with a median wage equal to or greater than $239,200 per year. Mean annual wages for physicians and surgeons in May 2023 were as follows:

  • Pediatric Surgeons $449,320
  • Cardiologists $423,250
  • Orthopedic Surgeons (except pediatric) $378,250
  • Radiologists $353,960
  • Surgeons (all others) $343,990
  • Dermatologists $342,860
  • Anesthesiologists $339,470
  • Emergency Medicine Physicians $306,640
  • Obstetricians and Gynecologists $278,660
  • Neurologists $271,470
  • Family medicine physicians $240,790
  • Pediatricians $205,860

Partial information in this page was retrieved from Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Physicians and Surgeons, at https://www.bls.gov/ooh/healthcare/physicians-and-surgeons.htm (visited April 17, 2024).

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