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Which Medical Degree Jobs Pay the Most

Published On: July 6, 2023 - Last Updated on: August 30, 2024 Filed Under: Career

Medicine is considered a noble profession globally and many students opt for different domains every year. Medical studies enable you to serve people directly by saving lives while being a well-paid professional simultaneously.

Medical professions are among the highest-paying careers with numerous options. You may choose to be a surgeon, anesthesiologist, nurse, pharmacist, veterinarian, radiation therapist, or any other – the choices are endless.

What’s better than choosing a profession of your interest that also pays well?

We have compiled the highest-paying medical degree jobs to make it easy for you to decide. Read till the end to not miss any important detail.

In this article,

Toggle
  • High-Paying Medical Degree Jobs
    • Anesthesiologist
      • How to Become an Anesthesiologist?
      • How Much Do Anesthesiologists Earn?
    • Surgeons and Physicians
      • How to Become a Physician or Surgeon?
      • How Much Do Physicians and Surgeons Earn?
    • Pediatrician
      • How to Become a Pediatrician?
      • How Much Do Pediatricians Earn?
    • Dentist
      • How to Become a Dentist?
      • How Much Do Dentists Earn?
    • Pharmacist
      • How to Become a Pharmacist?
      • How Much Do Pharmacists Earn?
    • Nurse Practitioner
      • How to Become a Nurse Practitioner?
      • How Much Do Nurse Practitioners Earn?
    • Physician Assistant
      • How to Become a Physician Assistant?
      • How Much Do Physician Assistants Earn?
    • Nurse Midwives
      • How to Become a Nurse Midwife?
      • How Much Do Nursing Midwives Earn?
    • Veterinarian
      • How to Become a Veterinarian?
      • How Much do Veterinarians Earn?
    • Physical Therapist
      • How to Become a Physical Therapist?
      • How Much do Physical Therapists Earn?
    • Speech Language Pathologist
      • How to Become a Speech Language Pathologist?
      • How Much do Speech-Language Pathologists Earn?
    • The Bottom Line

High-Paying Medical Degree Jobs

JobAnnual Salary
Anesthesiologist$331,190
Surgeon and Physician$206,800
Pediatrician$198,420
Dentist$163,220
Pharmacist$128,500
Nurse Practitioner$123,780
Physician Assistant$121,500
Nurse Midwife$114,210
Veterinarian$117,000
Physical Therapist$95,000
Speech Language Pathologist$80,480

Anesthesiologist

Anesthesiologists are physicians and surgeons who specialize in administering anesthesia to patients during a medical procedure. They are also responsible for injecting pain-management analgesics into the patients. Administering anesthesia is not easy as it may seem. It requires in-depth knowledge of the subject and experience to ensure adequate insertion.

Being an anesthesiologist is one of the most demanded fields of specialization in medicine. Anesthesiologists typically work in operating rooms, hospitals, and outpatient surgery centers. BLS projecting also predicts a 15% career growth for anesthesiologists by 2026. They are believed to be among the highest-paying medical jobs.

How to Become an Anesthesiologist?

You have to obtain the following education to be an anesthesiologist:

  • 4-year undergraduate education
  • 4-year medical school program to earn an MD qualification
  • 4-year specialization postgraduate residency in anesthesia
  • Licensing Exam

How Much Do Anesthesiologists Earn?

Anesthesiologists in the US earn $160 per hour or $331,200 per year on average.

Surgeons and Physicians

Most medical students aspire to be physicians and surgeons when stepping into healthcare. The job choices for physicians are wide as they can work at hospitals, clinics, operating rooms, and medical schools as professors. Surgeons and physicians take presenting complaints and history, diagnose the disease and prescribe medication to the patient. Surgeons also take part in operative surgeries.

How to Become a Physician or Surgeon?

You have to take the following education and specialization to become a surgeon or physician in the USA. It may take around 13 years after high school to get your specialization.

  • 4-year bachelor degree
  • 4-year medical degree
  • Internship and residency
  • Specialization (4 – 9 years)
  • Licensing Exam

How Much Do Physicians and Surgeons Earn?

The average income for a surgeon or physician in the USA is $206,800 annually or $100 per hour.

Pediatrician

Pediatrics is a medicine specialization that deals with the healthcare of young children and teens. Pediatricians typically diagnose and treat patients under 18 years of age. The treatment and medicine administration regimen is often different for children, which requires a specialized person. You can find a pediatrician in almost every hospital. They also work in schools and community health centers.

How to Become a Pediatrician?

Becoming a pediatrician is rewarding but requires extensive hard work and years of education. Here’s what you need to do to become a pediatrician.

  • Bachelor’s degree
  • 4-year medical school degree
  • 3-year pediatric residency
  • Licensing
doctor-check-the-childs

How Much Do Pediatricians Earn?

Pediatricians earn around $198,420 on average in the United States of America.

Dentist

Dentistry and pharmacy are considered to be among the medical degrees that pay the most besides physician specialization (anesthesiologists, pediatricians, etc.) Dentists are responsible for educating and taking care of people’s oral healthcare. They assess oral health and diagnose and treat conditions affecting teeth’ health and aesthetics. Besides the general practitioner dentists, you may opt to be an orthodontist or prosthodontist. Depending on the region, you may make much more than the average income.

How to Become a Dentist?

Here’s all it takes to become a dentist and start practicing.

  • 4-year bachelor program
  • 4-year dental education (DDM/DDS)
  • Licensing after written and clinical assessment

How Much Do Dentists Earn?

Dentists in the USA earn $163,220 per year or $78.47 per hour. However, this is the average income for dentists, and the highest income may vary.

Pharmacist

Pharmacists are often known as the backbone of healthcare as they ensure rational use of medicine and provide adequate treatment to the patients. They are responsible for researching new drugs, manufacturing effective and safe medication, and ensuring adequate administration. They also counsel the patients about the usage and side effects of the medicine. The scope for pharmacists is wide, from retail/ community pharmacies to hospitals, retirement facilities, pharmaceutical industries, and physician offices.

How to Become a Pharmacist?

Pharmacists do not require as much extensive clinical practice as surgeons and anesthesiologists before securing a job. However, a pharmacist must have adequate knowledge and obtain the following education.

  • Undergraduate degree from a medical college
  • On-site internship
  • Licensing exam

How Much Do Pharmacists Earn?

You can earn $128,500 annually or $61 per hour on average in the USA.

Nurse Practitioner

Nurse practitioners (NPs) are authorized to perform certain procedures general registered nurses cannot. NPS are APRNs (Advanced Practice Registered Nurses) who can treat several health conditions besides physicians and surgeons. Nurse practitioners are anticipated as a highly growing profession with a 45% growth forecast from the Bureau of Labor. They also rank as the second-best job in healthcare per the World Report and US news. Many nurse practitioners work in emergency care, outpatient, inpatient, surgery, nursing homes, community hospitals, and physician offices.

How to Become a Nurse Practitioner?

Nurse practitioners get their license by taking the NCLEX exam after your bachelor’s degree. You can study further after your bachelor’s degree to get better opportunities.

  • 2-4 year Master’s program after 2 years of experience
  • 6-year doctorate after bachelor’s

How Much Do Nurse Practitioners Earn?

Many people think nurses do not make good money, but it is one of the best medical degrees with the highest pay. You can earn $123,780 annually and work closely with physicians and surgeons.

Physician Assistant

Physician assistants are not the same as physicians, yet they perform many similar tasks. Physician assistants are medical professionals licensed to work with a physician or surgeon. They have a similar role in healthcare to that of a physician. They assess the condition, diagnose the disease, write prescriptions and assist in surgery. They work in physician’s offices and hospitals primarily. However, physician assistants are also a part of nursing homes, surgery centers, and outpatient care.

How to Become a Physician Assistant?

Physician assistants assist the physician in medical tasks that require them to have top-notch knowledge of the field. You can become a physician assistant by:

  • Bachelor’s degree in a medical field
  • Pass the PANCE licensing after graduation

How Much Do Physician Assistants Earn?

Physician Assistants make around $121,500 per year or $58 per hour in the US. You may earn more or less as this salary is an average of varying wages.

Nurse Midwives

Nurse midwifery is one of the demanded APRN careers essential to gynae and obstetrics. Nurse midwives help women through pregnancy and childbirth. Most women request a midwife during childbirth to assist and comfort them through the process. Nurse midwives are properly educated about birth and its complications. Thus they also help with medical care. Midwives can also diagnose and treat medical conditions in women during other phases of life. They work at public health clinics, hospitals, and birthing centers or practice privately.

How to Become a Nurse Midwife?

Unlike common belief, nurse midwives obtain extensive education and experience to help people with their birthing experience. To be a nurse midwife:

  • Bachelor’s degree in nursing
  • Master’s program with a specialization in nurse-midwifery
  • Licensing

How Much Do Nursing Midwives Earn?

According to the Bureau of Labor Statistics, midwives earn $114,210 annually on average.

Veterinarian

Being a veterinarian is one of the most in-demand medical degrees that pay the most. It is the best choice for animal lovers especially. Veterinarians are commonly known as animal doctors or vets. They specialize in animal healthcare and wellbeing. Veterinarians also specialize in surgery, dentistry, surgery, etc., to provide the best care to animals. They usually work in animal hospitals, veterinary clinics, farms, and zoos.

How to Become a Veterinarian?

Unlike other medical careers, Veterinarians do not necessarily require a bachelor’s degree to apply to a veterinary school. However, getting a bachelor’s degree in a medical or science field is recommended. It allows you to tick all the boxes, such as internships. The necessary requirements for becoming a veterinarian include:

  • Internship
  • 4-year veterinary education
  • Clinical exposure
  • NAVLE Licensing Exam

How Much do Veterinarians Earn?

Veterinary doctors make $100,000+ on average annually in the USA.

Physical Therapist

Physical therapists, also known as physiotherapists, are medical professionals licensed to treat musculoskeletal injuries. They work with patients to help them recover after a musculoskeletal system injury. They majorly contribute to improving movement, regaining mobility, and pain management. Physical therapists are a part of a wide range of healthcare systems, from hospitals to rehabilitation centers, sports facilities, and schools.

How to Become a Physical Therapist?

The path to becoming a physical therapist is similar to other high-paying medical professions. They all require a bachelor’s degree in medicine, so you have the basic skills and understanding. After your bachelor’s, you need the following education and experience.

  • Doctor of physical therapy (DPT) program
  • Clinical experience
  • NPTE Licensing Exam

How Much do Physical Therapists Earn?

Physical Therapists earn $95,000 per year.

Speech Language Pathologist

Did people around you tell you not to opt for speech therapy as it does not pay as much as other medical professions?

Well, it is among the top 20 medical degrees that pay the most. Speech pathologists help people with speech issues such as stammering, stuttering, delayed speech, etc. They also assist patients with swallowing disorders. Speech-language pathologists are licensed to diagnose patients and help improve communication. They usually work in hospitals and rehabilitation centers.

How to Become a Speech Language Pathologist?

The degree of speech-language pathologists does not require education in a medical field prior to the program. To become a Speech Language Pathologist, you need:

  • Bachelor’s in Communication Sciences and Disorders
  • Master’s degree in Communicative Sciences and Disorders or Speech-Language Pathology
  • Postgraduate fellowship
  • Speech Pathology national exam and license

How Much do Speech-Language Pathologists Earn?

Speech-language pathologists make around $80,480 annually in the USA.

The Bottom Line

Medicine is a vast field with numerous options to choose from. Many of these professions pay more than $100,000 annually, which is considered a fairly good income. You can choose from being a physician, psychologist, pharmacist, optometrist, pediatrician, nurse midwife, nutritionist, and many more. Some medical jobs that pay the most include physicians, surgeons, anesthesiologists, pharmacists, physician assistants, nurse practitioners, speech-language pathologists, etc. You can choose the one that interests you the most and follow your passion.

When you follow your passion, money comes along effortlessly!

matt harbour
Methew Harbor

Matthew is a Co-Founder at BusinessFinanceArticles.org. Matthew was a floor manager at a local restaurant in Wales. He lost his job after the pandemic and took initiative to make a team and start the project.

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