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Old 09-12-2013, 08:02 PM   #51
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i like how the median is at 34,000 a year... wow damn... just like in school, at least i can say i am above avg LOL... but seriously...

the other numbers just seems... wrong
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Old 09-12-2013, 08:17 PM   #52
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I think the specialist doctor salary is low because they probably incorporated residents into their statistics (those guys make <80k/year) for up to 5-7 years..
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Old 09-12-2013, 08:29 PM   #53
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Quote:
Originally Posted by R. Mutt View Post
Are these gross or net figures? I'm assuming gross...and if so they are lower than I expected.
pretty sure those are net, pre-tax figures.

Yeah blue book is gross...it's what's billed to MSP so doesnt take into overhead.
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Old 09-12-2013, 09:09 PM   #54
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Quote:
Originally Posted by twitchyzero View Post
pretty sure those are net, pre-tax figures.

Yeah blue book is gross...it's what's billed to MSP so doesnt take into overhead.
Nor does it take into consideration hospital shifts which is $$$
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Old 09-12-2013, 11:20 PM   #55
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Quote:
Originally Posted by PeanutButter View Post
For the bluebook for doctors, is that just billed amounts? Ie. They still have to pay for their expenses?
Posted via RS Mobile
Family practitioners have to pay their own medical-receptionists, malpractice insurance, premises insurance, leasing costs, electric/hydro/etc., office supplies, computer equipment, etc.

That is why most doctors, if not all, share receptionists among 2 or more doctors.

Estimates:
Med-receptionists x 2 = $40,000 per year = $80,000
Lease for 2,000 sq. feet = $20 per sq./ft depending on location = $40,000
Malpractice Insurance = $12,000 for general practitioners (family doctors)
How Much Do Doctors Pay for Insurance? | Chron.com
Premises Insurance = $1,000
Electric/utilities/etc. = $3,000

So, for a doctor's clinic = $136,000 +/-.

It looks like even though doctors earn a lot on paper (the MSP PDF file shown earlier), doctors have a lot of expenses to pay.

Also, they have to study and PAY for the education:
4 years of an undergraduate degree
+
4 years of med school
+
a few more if you want to specialize

Add to these # of years, you will have 2 years of residency at a minimum for GP doctors or 4 or more for specialists or hospital doctors, etc.

By the time they are 30, they would then start to practice their skills and rake in the "big" bucks.

At that point, they still have to acquire patients through referrals.

Ophthalmologists earn the most, a lot comes from voluntary eye exams that are not covered by MSP.
Cardiologists and neurologists a close second.
Oncologists, and obstetricians are close.
General Practitioners earn the least, but it is really dependent on the # of patients.

For example, I know of a few doctors.
1 just became a real doctor after completing her residency, and is earning less than $50,000 (checked her MSP PDF file shown earlier).
1 is still a resident at a hospital, even after getting his MD degree from John Hopkins, arguably considered one of the best Med schools.
1 graduated with her med degree from Boston University but is not a practicing doctor.

It's a LONG, hard-earned road to become doctors.

In the end, they are really not in it for the money, or so I would assume.

It's good work they do, and very well-deserved.

Last edited by Marshall Placid; 09-13-2013 at 11:23 PM.
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Old 09-13-2013, 12:39 AM   #56
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Quote:
Originally Posted by Marshall Placid View Post
Family practitioners have to pay their own medical-receptionists, malpractice insurance, premises insurance, leasing costs, electric/hydro/etc., office supplies, computer equipment, etc.

That is why most doctors, if not all, share receptionists among 2 or more doctors.

Estimates:
Med-receptionists x 2 = $40,000 per year = $80,000
Lease for 2,000 sq. feet = $20 per sq./ft depending on location = $40,000
Malpractice Insurance = $12,000 for general practitioners (family doctors)
How Much Do Doctors Pay for Insurance? | Chron.com
Premises Insurance = $1,000
Electric/utilities/etc. = $3,000

So, for a doctor's clinic = $136,000 +/-.

It looks like even though doctors earn a lot on paper (the MSP PDF file shown earlier), doctors have a lot of expenses to pay.

Also, they have to study and PAY for the education:
4 years of an undergraduate degree
+
4 years of med school
+
a few more if you want to specialize

Add to these # of years, you will have 2 years of residency at a minimum for GP doctors or 4 or more for specialists or hospital doctors, etc.

By the time they are 30, they would then start to practice their skills and rake in the "big" bucks.

At that point, they still have to acquire patients through referrals.

Ophthalmologists earn the most, a lot comes from voluntary eye exams that are not covered by MSP.
Cardiologists and neurologists a close second.
Oncologists, and obstetricians are close.
General Practitioners earn the least, but it is really dependent on the # of patients.

For example, I know of a few doctors.
1 just became a real doctor after completing her residency, and is earning less than $50,000 (checked her MSP PDF file shown earlier).
1 is still a resident at a hospital, even after getting his MD degree from John Hopkins, arguably considered one of the best Med schools.
1 graduated with her med degree from Boston University but is not a practicing.

It's a LONG, hard-earned road to become doctors.

In the end, they are really not in it for the money, or so I would assume.

It's good work they do, and very well-deserved.

Keep in mind...IIRC, MSP Bluebook doesn't include what they bill privately (i.e. insurance, Worker's Comp, etc)
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Old 09-13-2013, 01:03 AM   #57
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I heard some ER doctors make $500,000+ mark.
Cosmetic surgeons make quite a bit too.
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Old 09-13-2013, 01:04 AM   #58
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oh, and that article is piece of shit.

it's too far from accurate.
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Old 09-13-2013, 10:55 AM   #59
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Quote:
Originally Posted by dark0821 View Post
i like how the median is at 34,000 a year... wow damn... just like in school, at least i can say i am above avg LOL... but seriously...

the other numbers just seems... wrong
Yup.. according to this chart, at least 1 out of every 2 people in Canada makes under 30k. Also, 100k+ incomes are rarer as a percentage of the population, which adds to the point others have made on this forum.

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Old 09-13-2013, 11:33 AM   #60
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I thought school teachers make a lot less then 60k a year. Somewhere in the 30-40k when I was looking for estimates on a salary website. If they make that much for 9 months of work then why all the protesting?
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Old 09-13-2013, 12:16 PM   #61
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Quote:
Originally Posted by twitchyzero View Post
pretty sure those are net, pre-tax figures.

Yeah blue book is gross...it's what's billed to MSP so doesnt take into overhead.
Gross is before tax

Net is after tax

These will be gross as everyone's exact tax bill differs - analysis is always done pre tax for that basis
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Old 09-13-2013, 12:18 PM   #62
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I thought school teachers make a lot less then 60k a year. Somewhere in the 30-40k when I was looking for estimates on a salary website. If they make that much for 9 months of work then why all the protesting?
Depends on level of education and years experience.

With masters degree and some years of experience, looking at 80k, from what I've been told

Teachers here have it very good compared to many other countries
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Old 09-13-2013, 12:30 PM   #63
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These will be gross as everyone's exact tax bill differs - analysis is always done pre tax for that basis
yes of course... when I said net income I was referring to total income minus overhead (lease, equipments, staff, etc)
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Old 09-13-2013, 01:25 PM   #64
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Also, 100k+ incomes are rarer as a percentage of the population
Don't say that too loud....most of the children on this forum are still under the illusion that 6 figure salaries grow on trees.




Nice table though...i've been looking for one like that
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Old 09-13-2013, 01:35 PM   #65
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Depends on level of education and years experience.

With masters degree and some years of experience, looking at 80k, from what I've been told

Teachers here have it very good compared to many other countries
AFAIK, someone can clarify if I am wrong, but teachers start out with a lower income range, but their income goes up each year they teach; so after a few years they have very good income and to top it off they have an excellent pension plan!
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Old 09-14-2013, 09:57 AM   #66
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Another "calculator" which displays the median income based on Ethnicity, Age, Education, and Gender.

How much money do people just like you make? (online calculator) | Vancouver Sun
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Old 09-14-2013, 10:53 AM   #67
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feels type of forecast
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Old 09-14-2013, 12:19 PM   #68
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AFAIK, someone can clarify if I am wrong, but teachers start out with a lower income range, but their income goes up each year they teach; so after a few years they have very good income and to top it off they have an excellent pension plan!
Teaching Salaries in BC's Metro Region | Make a Future

It is all public information, most teachers are category 5
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Old 09-14-2013, 01:26 PM   #69
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MFW my GP makes 240k and she only works 3 full days and one half day
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Old 09-14-2013, 01:35 PM   #70
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I know electricians who are making $100k+, hell my dad is a technologist and he's been making $150k plus overtime for the past 25 years. Not really sure if this list is that accurate.
I wish I could make that much...
I am below the average with 10 years under my belt.

It's probably an average between the higher paid guys and lower paid guys (me)
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Old 09-14-2013, 01:57 PM   #71
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Don't say that too loud....most of the children on this forum are still under the illusion that 6 figure salaries grow on trees.
They do.

You just gotta go where those trees are growing.
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Old 09-14-2013, 02:12 PM   #72
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They do.

You just gotta go where those trees are growing.
Let's see:

Pharmacists - 80-90K
Manager at a Big-4 - same as above
Lawyer with a few years under his/her belt - same as above
EITs with a few years of experience - ditto (more for P.Engs)
Random project/program manager with some Crown corporation or some level of government - 70-80K

So, while these professions don't make six figures, they are close enough to be easily achievable to anyone with any sort of work ethic, the ability to network, and a bit of luck (which is what everyone needs).
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Old 09-14-2013, 02:21 PM   #73
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Let's see:

Pharmacists - 80-90K
Manager at a Big-4 - same as above
Lawyer with a few years under his/her belt - same as above
EITs with a few years of experience - ditto (more for P.Engs)
Random project/program manager with some Crown corporation or some level of government - 70-80K

So, while these professions don't make six figures, they are close enough to be easily achievable to anyone with any sort of work ethic, the ability to network, and a bit of luck (which is what everyone needs).
If only it was as easy as work ethic, networking, and luck...
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Old 09-14-2013, 02:38 PM   #74
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If only it was as easy as work ethic, networking, and luck...
I see Pharmacy as one of the easiest high-paying professions to get into. By easy, I mean, you don't really have to do much other than finish the prerequisites at an above-average rate, study once you get into the program, and pass your exams. You may not get a job in Vancouver right away anymore, but basically, you could work anywhere in the province and start at 70-80K. Not really that hard, particularly for the typical student who lives at home and does not need to support him/herself.

Becoming an engineer definitely requires discipline and a work ethic, but if you have the skill set (math, physics, etc.), you really just need to put in the time, and get a few co-ops under your belt.

Most law students do end up finding work at a firm after they get called up to the bar. You have to put in the time and eventually be good at what you do, but again, it's not really that hard if you do those things. I work with many former lawyers and the reason why they're former lawyers is because they couldn't really cut it in the law world. However, they still make very good money doing what they do. A legal education can take you places if you know how to network and sell yourself.

If you're studying to be an accountant, you just need to impress when the firms come to the schools to do their recruiting. If they like you, they'll take you on and you'll work for like a dog for one. But, if you're good and know how to play the game, you'll get your designation paid for and you'll become a manager in 4-5 years. I have several friends who have gone down this route.
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Old 09-14-2013, 02:56 PM   #75
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With the recent news of temporary foreign workers, outsourcing and unpaid interns in the tech industry, I would have expected the salary for software engineers and designers to be a lot lower...maybe 65-70k.

Quote:
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Depends on level of education and years experience.

With masters degree and some years of experience, looking at 80k, from what I've been told
Sounds about right. My calculus instructor at Douglas has a MSc and makes about $86k plus expenses.

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