Physiatrist Salary Info


Physiatrist Salary Info

In the United States a physiatrist salary is on average $217,202 annually. Canadian physiatrist ‘s salary will be similar, earning a $109,925 CAD ($82,087.80 USD). While in Australia and New Zealand salaries are less with average salaries totaling $43,932 AUD ($32,260) and $125,000 AUD($87,805 USD) respectively. All salaries are affected by similar factors including location, and in what type of office a physiatrist practices in. Additionally, salaries can be much lower for new practitioners, and much higher for experienced physiatrists with larger practices.

How Much Does a Physiatrist Make?

Physiatrist SalaryUSACanadaUKAustraliaNew Zealand
Annual Salary$250,090 USDC$109,925
($82,256)
£107,612
($134, 040)
AU$144,500
($105,217)
NZ$125,000
($86,981)

Physiatrist Salary Determining Factors

1. How Much Does a Physiatrist Make According to State?

American and Canadian physiatrists command the highest average salaries, but all four nations show physiatrists having some of the highest paying positions and job prospects when compared to other occupations. Ranges in a physiatrist salary in each country can be influenced by unique factors in addition to those mentioned above.

Physiatrist Salary In USA

American physiatrist will earn the highest salaries on average when compared to other countries, but their incomes can vary widely between states. For example, in Nevada, a physiatrist averages $201,140 per year. Minnesota physiatrist salaries are slightly higher, at an average of $218,180. The salaries across the country range between $250,051 and $163,097.

Physiatrist Salary Canada

Physiatrist practicing in Canada can earn anywhere from $35,850 CAD to $184,00 CAD. These rates are lower than the gross salaries, as many physiatrists will face overhead operating cost of around 20%.

Physiatrist Salary UK

In the United Kingdom, experience is the greatest determinant of salary. Those just starting out will see salaries at lowest of £95,00. Over time this will increase to £120,255. Those working in the private sector may end up earning more, around £126,253.

Physiatrist Salary Australia

Total salaries in Australia are $10,305 AUD at lowest and $77,566 AUD on the higher end. Experience, again, weighs heavily as an influence in salary. Lower salaries are also offset by healthy bonuses and benefits.

Physiatrist New Zealand

Physiatrists in New Zealand have a wide range of salaries, the lowest being $85,000 NZD and the highest being $180,000 NZD, though this is a very small percent of practitioners. Averages are closer to $125,00 NZD.

2. How Much Does a Physiatrist Make Based on Experience?

Experience can drastically increase the salary of a physiatrist. Starting out, a salary can range between $202,086-$214,118. After 20 years of practice, the range is closer $215,043-$228,423 though few physiatrist will practice this long.

A majority of the physiatrists currently practicing have been doing so for between 1-5 years and above. At 5 years salaries have increased to $198,249-$210,663.

All licensed physiatrists have extensive experience, however. After primary school, a physiatrist must undergo 12 years of education: 4 years of undergraduate, 4 years of medical school, 1 year of internship, and 3 years of residence. Physiatry students are also encouraged to do volunteer work and participate in conferences and workshops. All physiatrists hold either an M.D. or D.O. Some doctors may also seek out fellowships following their residence, which usually last 1-3 years.

3. How Much Does a Physiatrist Make According to Work Environment?

Industry can also change the annual salary earned. Those specializing in sports medicine will earn the highest salaries. The average salary for those working in this field is $215,884. Academia and research have the lowest wages when compared with other industries.  An associate professor earns about $180,00 a year.

It is important to note that full professors will make an average of $210,00 per annum, though these positions are few-and-far-between.

Working Hours

Most physiatrists work 40-59 hours a week. Though this can vary depending on the work environment, and many will choose to work more hours so they can see more patients. Most physiatrist saw patients 30-45 hours a week (58%), and spent 10-14 hours on administrative tasks such as paperwork (30%). Only 18% saw patients less than 30 hours a week, and a very small percentage (2%) saw patients more than 65 hours a week. Hours for physiatrists can be challenging and often involve working evenings and weekends to accommodate patient’s schedules.

Bonuses and Benefits

Almost all physiatrist receive bonuses, though in the United States this did not constitute a large percentage of the total annual income. There were also other benefits given including: time off, insurance, pensions and disability pay.

American bonuses are on average $7,000, which is much smaller than in other countries. Part of this can be attributed to the much high base salary as well as the additional costs of providing the physiatrist with health insurance.

In Canada, physiatrist can expect bonuses of up to $20,000 CAD, the equivalent of $15,047.78 USD. Physiatrist salary bonuses in the UK are slightly lower than those in Canada, but still higher than the US. A physiatrist working in the UK can expect a salary bonus of £10,000, or $12,538.60 USD.

Australia has the highest bonuses of $40,00 AUD ($29,670.00). Higher bonuses are one of the consequences of Australia’s shortage of physiatrist, the workforce having decreased 20% in the last 5 years.

Physiatrists in New Zealand have some of the smallest pay bonuses, averaging around  C$5,000, or $3,500 USD, half of what a physiatrist in America could expect.

Career Prospects

In all four countries, career prospects for those entering physiatry are promising. There are shortages of doctors and growing patient populations. Physiatry faces growth rates well above average.

The cost of medical school is very high, sometimes close to $200,000+. In America this cost can be covered by loans, which will also incur interest, further adding to the cost. Also, the time, stress, and workload needed to earn a medical degree should also be taken into account. The length of time that medical training will take should be considered carefully, medical students usually do not have the time to work and are not earning income while in school.

Physiatry salaries are often very high a few years of experience, so when compared to the high cost of medical school, physiatry can still be very lucrative for students.

Conclusion

While it may come with a high price tag, it would still be beneficial for students to pursue a career in physiatry. With ample opportunities for employment and working physiatrist reporting some of the highest career satisfaction rates, the “pros” can easily outweigh the “cons.”

Image source: Deposit Photos

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