What junior doctors really earn (2024)

How much money do junior doctors really earn? If you’ve been listening to the British Medical Association – the trade union which represents junior doctors – this week you will have seen comparisons made between their salaries and the wages of Pret A Manger employees. The union talks about members having to ‘cut back on food and heat to pay bills’. To think of notoriously overworked junior doctors in such circ*mstances is outrageous. But how typical is that scenario of those demanding a 35 per cent pay rise?

First-year junior doctors are still some of the better-paid workers in Britain, and this is only the jumping-off point

A doctor can be classified as ‘junior’ for years, depending on what type of medicine they practise. Being stuck on a salary of roughly £29,000 per year – the lowest rung on the pay scale – would surely be an injustice, not least because of the unsociable hours and inevitable stress that the job demands. But that isn’t happening, not even for junior doctors in their first year on the job.

The latest figures, for last year, show a typical doctor in their first year of work for NHS England is paid just more than £37,000. This combines the basic pay rate with non-basic pay fees (including working unsociable hours), and adds up to thousands more than the average UK worker is paid. Average earnings for a Foundation Year 2 doctor were just over £43,000 in the same fiscal year, more than £10,000 higher than the average salary.

Is this a banker-level salary? No. But at these levels, first-year junior doctors are still some of the better-paid workers in Britain. And this is only the jumping-off point for doctors’ pay. Get through those first years, and a junior doctor’s pay, based on the latest set of data, approaches double the average wage: doctors classified as being in ‘core training’ or as ‘speciality registrars’ earned, on average, just under £56,000 and £63,000 respectively last year. This is all while still carrying the ‘junior doctor’ title.

Even this does not take in the full picture. For every £10 paid to a junior doctor, the taxpayer contributes £2 to their pension pot – a 20 per cent contribution scheme. The UK average is just under 5 per cent. Both doctors and nurses benefit from this hugely generous pension plan, which is why, when everything is factored in, the average NHS nurse is on a package of £50,000, rising to £60,000 in London. Quite right, you might argue: nurses are some of the most valued people in society. But can we really say that this is not reflected in their remuneration?

Inflation has without doubt brought misery to millions. But those striking are, comparatively, the well-remunerated. First look at the whole pay package. Then job security. And then lifetime earning
prospects: the average doctor can expect to retire on a personal fortune that stands in enviable comparison with peers in the private or public sectors.

There is a reason last month’s Budget from Jeremy Hunt removed the ‘lifetime allowance’ on pensions in a bid to keep more doctors in the NHS: very few professions see workers earn enough (and get such big pension top-ups) to come near a £1 million pension pot limit. Again, this is not to say that doctors don’t deserve their money: every society needs to lure the best and brightest into the health service. But are doctors really treated so unfairly that they can justify a four-day strike (after a bank holiday) which cancels an estimated 350,000 appointments?

One of the leaders of the junior doctor strikes has been away on holiday this week, an odd priority for someone spearheading a would-be revolution. There’s a feeling inside government that this is the first GenZ strike, organised by people in their twenties and demanding a 35 per cent rise. That is hard to square with other public priorities, in particular the urgent need to address NHS England’s waiting list of seven million.

While it may be incorrect to say that junior doctors are outrageously underpaid, they are, however – like all other doctors and, indeed, patients – trapped in an often dysfunctional bureaucracy that does sometimes require them to tolerate dangerous conditions. The BMA’s own reporting of the strikes put far more emphasis on the relentless nature of the job: endless night shifts, zero breaks. The shortage of medical staff is a huge problem, as it all but guarantees burnout for the doctors and a less certain quality of care for patients.

Yet the BMA should take responsibility for its role in the UK’s dwindling healthcare workforce. It voted back in 2008 to cap the number of places for medical students in Britain, arguing that an increase of staff risked ‘devaluing the profession’, and, ironically, would make these doctors ‘prey to “unscrupulous profiteers”.’ Fifteen years on, the lack of doctors is being used as leverage to request an off-the-charts pay hike. This is one of the many risks in allowing a monopoly in healthcare, whether it’s state-run or private.

‘Is there a credible offer in the house?’

Still, there is a case to be made for junior doctors to get a salary raise – perhaps taking more of their remuneration as salary and less as pension. But it must go hand-in-hand with system reform. There is renewed focus this week on the growing exodus of UK doctors to Europe and Australia in search of better pay and conditions. But many countries’ health systems, while still offering universal access to care, are more marketised than the NHS, increasing the flow of resources that allow for a better life and better pay.

For all the talk of a doctor’s ‘market rate’, the UK does not have any meaningful market in healthcare. This is not by accident, but by design. The consensus for decades has been that the NHS should remain one of the most centralised healthcare systems in the world, with the salaries funded by the taxpayer and its workers classed as ‘public servants’. This may sound attractive in the abstract, but in practice it means lower salaries for workers and worse outcomes for patients.

There is nothing fair about this for either group. But while the junior doctors weigh up their options, it’s the patients who are truly helpless – made to delay their care once again, with nowhere else to turn.

What junior doctors really earn (2024)

FAQs

How much does a Junior Doctor earn in the US? ›

As of Sep 9, 2024, the average hourly pay for a Junior Doctor in the United States is $26.96 an hour.

What do the top 1 percent of doctors make? ›

More than 25 percent of physicians in 2017 earned above $425,000 annually and the top 1 percent of physicians averaged $4 million in annual earnings — 10 times the average annual earnings in the sample and more than twice the average earnings in the top 5 percent.

How much do junior doctors earn around the world? ›

Junior doctor starting salaries around the world: Australia: £60,000 Canada: £46,000 USA: £41,900 France: £43,700 UK: £29,384 Now tell me that the UK doesn't undervalue its doctors?!

How much does a Junior Doctor earn in California? ›

As of Sep 6, 2024, the average hourly pay for a Junior Doctor in California is $25.51 an hour.

Can a doctor make $1 million a year? ›

Doctors in the top 10 percent averaged $1.3 million. And those in the top 1 percent averaged an astounding $4 million, though most of that (85 percent) came from business income or capital gains.

What is the average salary of a first year resident doctor in the US? ›

$56,832

What is the lowest paid doctor? ›

The lowest-paid physician specialties
  • Diabetes and endocrinology specialists: $256,000.
  • Pediatricians: $260,000.
  • Infectious disease specialists: $261,000.
  • Public health and preventive medicine specialists: $263,000.
  • Family medicine specialists: $272,000.
  • Internal medicine specialists: $282,000.
  • Rheumatologists: $286,000.
Apr 18, 2024

Are most doctors millionaire? ›

In order to qualify as a millionaire, you must have assets worth $1 million or more. The 2021 physician wealth report showed that 56% of physicians reported a net worth of over $1 million. The majority of family physicians become millionaires by the age of 55 — only 11% had a $1 million net worth before 45.

How rich is the average doctor? ›

Twenty-eight percent of physicians have a net worth ranging between $2 million and $4.9 million in 2024, according to Medscape's 2024 "Physician Wealth & Debt Report," published June 12. An additional 25% of physicians have a net worth of less than $500,000, while 21% are worth $1 million to $1.9 million.

Who is the richest doctor in the world? ›

The 5 richest physicians of 2024
  • Thomas Frist Jr., MD, $20.2 billion, founded Hospital Corp. ...
  • Patrick Soon-Shiong, MD, $5.8 billion, was a practicing physician before inventing the cancer medication Abraxane.
  • Gary Michelson, MD, $1.8 billion, is a retired orthopedic and spine surgeon who holds over 340 U.S. patents.
Jan 9, 2024

Which type of doctor has the highest salary? ›

The highest-paid doctor is typically a specialist with advanced training and expertise in a medical field. Specialists such as cardiologists, neurosurgeons, oncologists, and pulmonologists are the highest-paid doctors in India. On average, doctors in India can earn around 10 to 15 lakhs per annum.

What is the US equivalent of a junior doctor? ›

In the USA and Australia, a doctor in the early junior doctor stage is called an 'intern' (equivalent to F1s). At a later stage (before they become registrars), they are called 'residents'. A registrar is called a 'fellow'.

What is the highest paid children's doctor? ›

High Paying Pediatrician Jobs
  • Neonatologist. Salary range: $200,000-$400,000 per year. ...
  • Pediatric Surgeon. Salary range: $204,000-$400,000 per year. ...
  • Critical Care Pediatrician. Salary range: $170,000-$220,000 per year. ...
  • Perinatology Physician. Salary range: $104,500-$220,000 per year. ...
  • Med Peds.

What is the highest paying job in the world? ›

1. Chief Executive Officer (CEO) Topping the list, being a CEO gets you the highest paying job in the world, no matter where you work. A CEO is the highest-ranked position in any organisation's structure.

What is a cardiologist's salary in California? ›

As of Sep 10, 2024, the average annual pay for a Cardiologist in California is $338,254 a year.

What is the minimum salary of a Doctor in us? ›

According to Glassdoor, the average doctor's salary in USA is $294,000 (INR 2,25,70,274.58) per year, with the average annual highest wage at $208,000 (INR 17,085,224) and the lowest reported salary at $126,470 (INR 10,388,309). This salary encompasses base salaries, transportation, and housing benefits.

What is the highest paid Doctor in USA? ›

Neurosurgeons are the highest paid doctors, earning an average salary of $788,313 per year. That's based on Doximity's 2023 Physician Compensation Report, which surveyed more than 190,000 licensed physicians in the US about their earnings.

How much do junior resident doctors make in the US? ›

The salary range for a Resident Doctor job is from $68,475 to $82,092 per year in the United States. Click on the filter to check out Resident Doctor job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

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