How much do neurosurgeons make on average during residency?
Resident salaries are not usually determined by specialty, but by the institution and year of training. So, all first year residents in a given facility will make the same amount of money, regardless of whether they are pediatricians or neurosurgeons. Here is Mayo Clinic's compensation: http://www.mayo.edu/msgme/benefits.html Here is UCSF: http://psych.ucsf.edu/education.aspx?id=...
How much does a neurosurgeon get paid for each surgery or yearly?
There are different ways doctors get paid and their incomes vary wildly. In an academic center (where there are residents, med students, etc.) many surgeons are salaried, meaning they get a basic income assuming they do a certain number of surgeries. They may have incentives for more surgeries and penalities for less, but basically they are guaranteed an income if they live up to the agreement to do a certain number of procedures. It varies from region to region and level of experience (like all jobs) but neurosurgeons in this environment make anywhere from 200 (unspecialized, young surgeon) to 500 grand (senior surgeon). In the private practice world, where the surgeon focuses more on work, and there is no teaching of residents, etc., they make more but get paid pretty much procedure for procedure. Again, there is a range, but neuro guys do well...a minimum of 300 to 400 grand for a not-real-busy unspecialized surgeon to over a million a year for a busy spine surgeon. Spine surgeries are very lucrative...20 grand per procedure and up. Other stuff (brain, peripheral nerve surgery) is less lucrative. They don't have any problems putting dinner on the table, I assure you.
How much do Neurosurgeons get paid?
A typical neurosurgeon salary varies depending on the location and the setting. HOURLY According to the BLS the Neurosurgeon mean salary is $85.43 per hour. The lowest 10% earn $56.04 per hour and those in the upper 10% earn more than $100.00 per hour. ANNUALLY On an annual basis the median Neurosurgeons salary is greater than $184,350. The lowest 10% earn $116,560 per year while the upper 10% earn more than $200,000 per year. These salaries are calculated as a mean or average. According to a Jackson and Coker salary survey the median Neurosurgeon salary is over $500,000 annually in the Northeast. Lowest and Highest Neurosurgeon Salary The lowest paid Neurosurgeons earn less than $120,000 annually while the highest paid Neurosurgeons earn as much as $700,000 per year according to one salary survey found online at Physicians Search
How much do Neurosurgeons really make a year?
Q. How much money do neurosurgeons make annually on average?A2A: TN's answer to What is the average salary of a neurosurgeon in the United States in 2017?
How much do Neurosurgeons really make a year?
I'm planning on doing premed and going to med-school. I never used to be so passionate about the brain, but ever since I started taking a closer look at the brain, and how intricate it was, it sparked something in me, so I got interested in Neuroscience, especially Cognitive Neuroscience, but when I thought about Neurosurgery and how it packages the intricacy of the brain with saving people's lives, I think I've really hit the jackpot. Anyhow, I always knew Neurosurgeons had a good pay, but I never focused on or checked how much they actually made. Until now I've only assumed that maybe $200000 thereabout was the average pay, maybe $300000 or $400000 for the really brilliant guys, because my cousin was telling me that he was looking into cardiology one time and that's what they made, so I thought the top surgical specialties, like neuro, spine, ortho, cardio and so on would get this. Some maybe a little more than others, but in that range, but now I'm seeing statistics that say $700000 as median and $1000000 as top. Now this is a ridiculous amount of money, in fact it sounds a bit far-fetched to me, so I just want to be sure, no assuming or false reports, how much do Neurosurgeons actually make?
How much money do you make during neurosurgical residency training?
I'm not going to claim to be an expert, but mostly it depends on where you match. I'd guess you'd be at/around $50k on the low end, first year - with annual increases of $5k to $15k (7 or 9 year program?).A smaller city with a lower cost of living would put you in the $50k to $60k range, where as a spot in Manhattan's Upper East side might put you closer to a $90k starting salary. Usually the wage graduates up each year.You'd also have a shot at research money, again, depending on where you match and how much competition that program has for the research positions.Good luck!
Could a neurosurgeon become a billionaire from their salary of $500,000+ a year if invested properly?
No. The chances are (almost) impossible, even being very frugal.Let us assume and use a basic model:Annual Salary of $750,000 (average for whole career/year)Tax at 50%Annual Living costs at $150,000Take Home Savings $225,000Invest this at a 7% annual rate (average for the whole stock market) in something like the S%P500 and you get this:Compound interest = [math]Initial Amount * (Percentage Multiplier ^ n)[/math]Where n is the number of years.$24,935,292.37 after 30 years! That is a nice sum, but far from a billion.So let us be more frugal and only live on $50,000 per year. That gives take home savings of $325,000. 30 years later and you get:$36,017,640.42. You see, this is still far from a billion. Using that mathematical model, you would need an annual rate of 22%. That is very difficult; especially in current market conditions.But there was a huge flaw in our model. We started our career earning the average salary! Anyone who has studied compound interest knows that this is a huge flaw; the more time advances the less significant the yearly amount becomes.So using a quick excel model starting at $300k and growing at an annual rate of 5% you end up with:$31,349,426.93(Same assumptions as our first model)Now that is nice, but not quite $1bn. $1bn is a lot of money. The best way to achieve $1bn is to use your skills to develop a new drug/technique patent this and sell it.Here is a screenshot of the spreadsheet that I produced.
Typical Neurosurgeon salary?
All depends on where you work: If you have made any mistakes, and you go somewhere good (boston, seattle, etc) your first year would be just a bit over $180,000. Then it grows a little bit more until your 20th year, then you make around $350,000 or even more. But you must realize that some of that money goes to insurance for in case you mess up a surgery. But you are still making some good money. Residency: you would be making what a normal doctor would make (depending on where you are $60-$100 + k a year. not bad, but find a good place to do that. Good luck, and make sure you have a steady hand :)
What is the lifestyle of a neurosurgeon?
I can speak to a sample of 1, uncle, Jeff, who I’ve written about before:Handsome fellow, right?Well, my perception of the neurosurgeon lifestyle is, unfortunately, mixed.There’s a big upside: It is a noble path that demands only the very very best, who are charged with saving people’s lives with highly complex surgeries.They indeed make massive paydays and probably have options in the dating market. They can afford just about any toy one could desire.They usually have the comfort of knowing, or at least suspecting, that they are among the smartest people on the planet.They have massive street cred everywhere they go. If you imagine the respect you get when telling someone you are a doctor, consider further their response when they ask what type and you respond “Neurosurgeon.”Respect often molds into downright inferiority complexes.However, it is a very extreme career even by medical standards.It requires an obsession with the craft and science, that can have you sustaining the infamous residency hours (80 hours+) well into middle age.The actual surgeries that my uncle performed were sometimes pushing the 10-hour mark.It can put a strain on relationships, your physical health, your emotional health, basically — it puts a strain on everything except your bank account.With regret, those physical demands, I attribute at least partially in causing my uncle’s death (heart attack) at age 50.Yes, there are lots of upsides to the life of a brain surgeon, but as I learned through my uncle, the risks are high.However, those who manage the demands of their physical and emotional needs against the rigors of the career, will likely live quite fruitful lives.