February 24, 2020
Choosing a medical specialty is one of the most important decisions that an intern or resident has to make in his career. Be it general or preventive care, a medical specialty hones skills and provides much-needed clinical experience. This, ultimately, sets the stage for one’s medical practice.
Over a five-year period—2013 to 2018—several lists of top paying medical specialties have been published, reflecting developments in healthcare trends and medical insurance. The highest paying medical specialties indicate the demand for their specialized care, particularly in addressing patients with heart failure, or those with injuries or degenerative diseases involving the muscoskeletal sytem.
Top specialties in the US
A 2015 Forbes article lists invasive cardiology, orthopedic surgery and gastroenterology as the best paying in-demand jobs for doctors. The data was based on survey of 3,100 physicians and practitioners in the US.
Meanwhile, the Doximity 2018 Physician Compensation Report, which surveyed 65,000 physician respondents, puts neurosurgery, thoracic surgery and orthopedic surgery on top of the rank of physician compensation by medical specialty.
Based on various studies, the highest paying medical specialties for consideration are as follows (from highest to lowest):
Ranking in the Philippines
An article published in Insider Monkey, an insider trading and hedge fund website, shows that the most in-demand specialties in the Philippines are invasive cardiology, pulmonology, oncology, nephrology and neurology. The listing puts together data on doctor compensation, as well as the demand for specialists based on the most common diseases.
On the other hand, a published infographics from MIMS Today states that the highest paid specialties are cardiology, neurology, and emergency medicine.
Commitment to patient care remains Knowing what specialties are most in-demand is a critical part of the decision-making process for your own medical specialty. Your own interests, personality, capabilities, as well as the inputs of mentors and other professionals can help in making that all-important choice.
As medical professionals, your commitment to provide care and treatment will be greatly enhanced by your choice of practice, whether as a general practitioners or as a specialist. The ultimate reward is the role you play for patients to achieve best state of health for them and their families.
10 Most In-Demand Doctor Specialties in Philippines (2017, August). Retrieved from https://www.insidermonkey.com/...
Doximity 2018 Physician Compensation Report (2018, March). Retrieved from
https://blog.doximity.com/articles/doximity-2018-physician-compensation-report Santiago, A C. (2018, March). 8 Highest Paying Physician Careers. Retrieved from
https://www.verywellhealth.com/what-are-the-highest-paying-physician-careers-1735995 Dill, K. (2015, July). The Best-Paying In-Demand Jobs For Doctors In 2015. Retrieved from https://www.forbes.com/sites/kathryndill/2015/07/22/the-best-paying-in-demand-jobs-for-doctors-in-2015/#2f3a178f36f7
The 10 Highest-Paying Medical Specialties. (2015). Retrieved from https://www.forbes.com/picture...
Dodge, K. (2015, November). Top 10 Highest Paying Medical Specialties. Retrieved from https://www.degreequery.com/hi... Top 10 Highest Paying Medical Specialties In The World. (2018, July). Retrieved from https://www.trendrr.net/9250/h...