Find out how much your doctor made last year.

[Jassanova]

There wouldn't be one for lawyers since they don't bill a service like MSP.

A good lawyer/partner who i well known can gross $1 to $2 million though. But I'd say the average is around $150-$300k, all this depending on if you're looking at sole practitioners or small firm vs big law.

[Jassanova]

Originally Posted by Ulic Qel-Droma

fuck if i went to school for that long and worked those long hours, i'd be pissed if i was only making that much.

Yep, anyone who goes into medicine just for the money is stupid, it's definitely not worth it if you put that time and effort into another venture.

[Chairman Kaga]

Originally Posted by Eatman

the one on broadway, everything was wooden, the benches, the front desk... and I agree with you, parking is a pain!

Are you talking about his "newer" location?

[Presto]

Originally Posted by berniebennybernard

My doctor didn't do too bad, 440,000. Henry Leung.

He must not bill a lot to MSP considering how crazy-busy his office is. My family doctor is listed at 303,000, and I rarely have to wait more than 10 minutes, while waiting for Dr. Leung is always at least 1 or 2 hours.

[Ferra]

Originally Posted by Ulic Qel-Droma

fuck if i went to school for that long and worked those long hours, i'd be pissed if i was only making that much.

If money is what you after, don't' be a fucking doctor!

Most doctors make well over $200,000 a year if they work full time or even just 20 hours a week. The low #s are probably from those who are doing something else or bills the hospital/patient directly instead of the government.

Am I the only one here who think $200-$400K+ earning is too much for an average doctor? Yea, they had to go to school for a long time and deserve earning enough to give them a comfortable lifestyle. But isn't being a doctor about helping other instead of making money?
I dont' know how most people spend their money, but I think $100K-$200K a year is already more than enough to support a very comfortable lifestyle

[wouwou]

Originally Posted by Ferra

If money is what you after, don't' be a fucking doctor!

Most doctors make well over $200,000 a year if they work full time or even just 20 hours a week. The low #s are probably from those who are doing something else or bills the hospital/patient directly instead of the government.

Am I the only one here who think $200-$400K+ earning is too much for an average doctor? Yea, they had to go to school for a long time and deserve earning enough to give them a comfortable lifestyle. But isn't being a doctor about helping other instead of making money?
I dont' know how most people spend their money, but I think $100K-$200K a year is already more than enough to support a very comfortable lifestyle

that can be true, if you factor out any tuitions of medical school, and hellish hours.

I personally would MUCH rather to pay someone a lot to put them in a nice mood/place when they have a major influence on my life expectancy.

[Ferra]

Originally Posted by wouwou

that can be true, if you factor out any tuitions of medical school, and hellish hours.

I personally would MUCH rather to pay someone a lot to put them in a nice mood/place when they have a major influence on my life expectancy.

I have to agree with the last part...

But hellish hour + crazy pressure only if you're constantly working in the hospital / ER...
I think the posted compensation info is mostly for the typical family doctor who see their patient in their office and bill MSP.
I dont' know about your family doctor, but my family doctor work 4-5 hours a day, 4 days a week, and probably take 1-2month vacation every year...and he is still making $200,000K+.

[fobulaus]

haha, good find

[hypediss]

my gf's arthritus specialist only makes 280k o_O

[poweredbyph]

Originally Posted by azndude69

if they make $300,000.
Subtract $60K for receptionist. $24,000 (2,000x12months) for lease/rent. Utilities $2400 ($200x12) minus $25,000 for other misc.

You're still pulling in almost $190K.

Wow.. the receptionist makes $60K?! WTF

[LongDongSilver]

Lawl I looked up how much my uncle makes, poor guy, I wouldn't get out of bed for that much.

[macatacz]

My doctor isn't listed... =[

[Chuck Norris]

Friend of mine is a doctor.

They didn't have help from mom and dad and attending 3 years of undergrad and then went right into med school (they don't actually have a degree).

After they started working in residence and got their first paycheque (which was something like $1600 for the month after tax). They had a student loan bill of $150 grand.

Think about having a mortgage to pay but no home to live in, that's what it was like.

My friend was now 28. He had no savings, owed $150,000, a Honda Civic hatchback and no clue how to manage money, invest money or anything. All he knew was medicine.

He could start working in Canada and work at a clinic. They have a salary cap at $1500 a day so after tax that's decent but hardly anything that's going to get you into rich status.

At the time, he wouldn't even qualify for a mortgage to buy an average home in the Vancouver West area of Vancouver. I'm not talking UBC area, I'm talking about 60th and Cambie.

Many of his friends are married and have decent jobs, purchased their home already, have savings and investments.

So why become a doctor?

If you are a doctor because you want the money, you should have become a dentist. You decide to be a doctor because it's something that you really want to do. The sad thing is that many people end up going off to the states because they want higher compensation. My friend had considered it but it wasn't what they wanted to do.

They loved medicine and want to help people. You know what he decided to do? He's in some third world country practicing medicine for about $60 grand a year. Food and accommodations are taken care of so the money spent there is to pay off his loan and I think the money is virtually all tax free.

Some doctors that make 7 figures are the ones who have a very successful practice and likely do good work. You'll find the ones that make the most are also very good marketers and business operators (sound familiar?). Specializing also helps a lot and the way a salary is calculated for a doctor can take many forms.

Doctors are also rated the worst when handling money and the key to being wealthy is HOW you manage your money, not how much you make.

Lawyers salary has a wide variance as well. Some make 50-60 grand a year others make millions.

For what you have to go through, you practice medicine to help others. If you want to make money there are plenty of easier and faster ways to make it.

[Euro7r]

My doctor and his wife, rack in over $600,000 combined. In two or three years of work, that's what people make in a life. Pretty insane.

[Leopold Stotch]

This is kind of creepy lol

i'm going to tell him this the next time i see him.

[pearlaudi]

my doctor makes $577k and he still drives his mazda 626?
interesting.

[Gumby]

I understand that a majority of RS users are car enthusiasts, but why do people automatically assume that doctors making 6 digits have to drive nice cars?

[achiam]

Originally Posted by Ferra

If money is what you after, don't' be a fucking doctor!

Most doctors make well over $200,000 a year if they work full time or even just 20 hours a week. The low #s are probably from those who are doing something else or bills the hospital/patient directly instead of the government.

Am I the only one here who think $200-$400K+ earning is too much for an average doctor? Yea, they had to go to school for a long time and deserve earning enough to give them a comfortable lifestyle. But isn't being a doctor about helping other instead of making money?
I dont' know how most people spend their money, but I think $100K-$200K a year is already more than enough to support a very comfortable lifestyle

Supply vs. Demand my friend. Doctors in British Columbia could easily go to the States and earn about 35% more just being a GP, let alone a specialist. Indeed this is one of the reasons there are a lot that leave south (although much less these days).
Imagine you are 28 and finish Medical School and you owe about $100,000 in loans (not just tuition, but for living etc.). Wouldn't you rather earn 35% more?

If you think earning that is insane, try talking to this lawyer I know in Paris who works for a New York law firm. He earned $2 Million Euros last year at the age of 32.

[achiam]

Originally Posted by Ferra

I dont' know how most people spend their money, but I think $100K-$200K a year is already more than enough to support a very comfortable lifestyle

Really?? How could I even begin to mortgage a house in Shaughnessy or West Vancouver, have two or three kids, and travel annually?
If you think about it, there are LOTS of people who live in the West Side or North Shore. $200K clearly isn't enough to support that sort of lifestyle, let alone take family trips....
I'm not saying that $200K is bad, in fact its outstanding. But the reality is there are oodles of people who earn far more than that, even in Vancouver.

Another thing overlooked is malpractice lawsuits. I worked with and personally know one of the Eye Specialists listed, and he raked in $1.3M on that list. What you don't see though, is being sued by companies and such. The specialist I know was sued $10M CAD by a biotech pharma company after he reported that their product was flawed and carried risks. Not only was he sued and had to pay out of his own pocket to defend himself, he even had break-ins where the thieves mysteriously left everything in his house but went only to his study and searched his papers! Anyways, on a tangent.

[Mancini]

As has been said these are the charges billed to HIBC. Gross revenue.

They do not factor leasing of office space, staff salaries, liability insurance, repayment of student loans, etc, etc.

[AzNightmare]

So yeah, why are some doctors having a salary even lower than mines?
wtf?

my doctor was making almost 300,000. Wow...

anyone got a list for dentists?

[Hehe]

Wow... my doc is clearing almost half a mil?!?

[Dr-Vn]

Aren't Jamie / Phoebe Chan that are on those goddamn Chinese commercials considered dermatologist? I honestly WANT to know how much HE makes since he always has new commercials every goddamn week... and every week it gets uglier and even more disgusting.

[Speed2K]

Originally Posted by static

Then deduct 55% for tax....

Fwiw, the top Marginal Tax Rate in BC is not 55% it's actually only 43.7% for 2008.

[Speed2K]

Originally Posted by Chuck Norris

Friend of mine is a doctor.

They didn't have help from mom and dad and attending 3 years of undergrad and then went right into med school (they don't actually have a degree).

After they started working in residence and got their first paycheque (which was something like $1600 for the month after tax). They had a student loan bill of $150 grand.

Think about having a mortgage to pay but no home to live in, that's what it was like.

My friend was now 28. He had no savings, owed $150,000, a Honda Civic hatchback and no clue how to manage money, invest money or anything. All he knew was medicine.

He could start working in Canada and work at a clinic. They have a salary cap at $1500 a day so after tax that's decent but hardly anything that's going to get you into rich status.

At the time, he wouldn't even qualify for a mortgage to buy an average home in the Vancouver West area of Vancouver. I'm not talking UBC area, I'm talking about 60th and Cambie.

Many of his friends are married and have decent jobs, purchased their home already, have savings and investments.

So why become a doctor?

If you are a doctor because you want the money, you should have become a dentist. You decide to be a doctor because it's something that you really want to do. The sad thing is that many people end up going off to the states because they want higher compensation. My friend had considered it but it wasn't what they wanted to do.

They loved medicine and want to help people. You know what he decided to do? He's in some third world country practicing medicine for about $60 grand a year. Food and accommodations are taken care of so the money spent there is to pay off his loan and I think the money is virtually all tax free.

Some doctors that make 7 figures are the ones who have a very successful practice and likely do good work. You'll find the ones that make the most are also very good marketers and business operators (sound familiar?). Specializing also helps a lot and the way a salary is calculated for a doctor can take many forms.

Doctors are also rated the worst when handling money and the key to being wealthy is HOW you manage your money, not how much you make.

Lawyers salary has a wide variance as well. Some make 50-60 grand a year others make millions.

For what you have to go through, you practice medicine to help others. If you want to make money there are plenty of easier and faster ways to make it.

$1500 a day x 5 days a week x 49 weeks (assuming 3 weeks holiday) = $367,500. He should be able to net more than $60,000. Not being able to manage money, I believe it, that's what financial advisors are for.