There is no way to deny that the medical field is a booming industry and a great one to train for a job in, because jobs will always be available. If you can get a job in a hospital, it is generally thought that you are pretty set in terms of how much you make every year. This is only half true, because just as there is a huge range of jobs available at hospitals, there is a huge range of salaries that go along with all of those jobs.
That being said, it is not true that those employees that actually provide medical attention make more than those who do not. Jobs that work in a hospital office, like medical transcriptionists, billers, and coders make about $20,000-$30,000 annually, which is the same range as a Medical Assistant or a nurse. Nurse’s aides actually make less than office workers with a yearly range of $15,000-$20,000.
With salaries in the medical field, it is generally true that the more schooling you went through, the more you will make. Any job that ends in ‘technician’ or ‘assistant’ means that you will probably not make over $50,000 a year, even at the upper ranges of earned salaries. These positions can usually be done with four or fewer years of college or a technical school of some sort. On the other hand, jobs that require four years of undergraduate work plus more years of specialized schooling will usually bring in at least $50,000 a year, which is great for those who have to pay off lots of years of school loans. These positions include physicians and surgeons of all kinds.
There is some disparity among doctor’s salaries, and that also usually comes down to years of schooling and training and whether or not the doctor is a specialist. Generally, surgeons will make more than physicians because they have extra training and can be trusted with cutting people open. Surgeons and physicians in specialized fields will also make more than general family practice doctors. For example, podiatrists generally bring in more per year than family practice physicians (especially if they are also certified podiatric surgeons) while super specialized cardio-thoracic surgeons make more than podiatrists, which makes sense because you want a better surgeon working on your heart than your foot. Anesthesiologists, who anesthetize you (put you to sleep) before surgery and then assist during surgery, also make a lot per year. While they are doctors, their specialty means that they rarely work with a patient who is awake, so if one has terrible bedside manner but wants to make over $200,000 a year, anesthesiology is the way to go.
The highest medical salaries go to those who run hospitals and their subsequent programs. Doctors who rise to the Chief of Surgery position can make anywhere from $150,000 a year to over $600,000, depending on the size and area of the hospital. Hospital CEOs, who are responsible for running the entire hospital, average about $500,000 a year, giving them the highest average salary of all hospital positions.