Here are six statistics on physician training and income based on an infographic from MD Salaries.
1. Medical education costs vary but add up over the years. The average pre-med program costs $13,500 per year, with the education at Johns Hopkins costing $229,768 per year. A four-year medical program costs $103,725 at the Medical University of the Americas while it costs $198,000 at Yale.
2. The Medical Licensing Examination costs $3,100.
3. Specialists spend several years in residency; sports medicine residencies are three years with an additional one or two year fellowships. Orthopedic surgeons spend an average of five years in residency — the same as ENT and urology. Neurosurgeons spend seven years in residency.
4. The most competitive specialties are:
• Dermatology
• Orthopedic surgery
• ENT
• Plastic surgery
• Radiation oncology
• Vascular surgery
5. The average civilian doctor earns 63 percent more than average military physicians. The average military physician earns $58,000 annually, compared with $156,164 for civilian physicians.
6. There are opportunities for physicians to earn extra salaries; non-clinical salaries include chief medical officer at an average salary of $343,334; physician executives at $305,000; and medical directors at $269,050.