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Podiatry Ranks Second in Highest Average Medical Salaries of Professions Surveyed
Profession carries lower student loan debt, higher quality of life than similar careers
For Immediate Release
June 17, 2008
Bethesda, MD – Students searching for the right opportunity to launch a successful career in medicine have never had more choices than they do today. But according to a recent survey by the American Podiatric Medical Association (APMA), entering the field of podiatry will guarantee graduates something many specialties cannot – one of the highest average salaries in the medical field.
The survey, which compared podiatry to five other popular professions requiring similar medical education, found that the average salary of a podiatrist is $176,000, ranking second out of six. While dentistry has the top-ranked average salary at $200,000, the dental profession also carries a substantial amount of student loan debt of $130,000, which is $20,000 more than podiatry’s student loan figures.
Podiatry also sits at the top of the rankings for providing its specialists with a wide range of practice options and high quality of life both in and outside of the office. According to the APMA, the combination of a comfortable work environment, stable amount of hours worked per week and work schedule flexibility gives all podiatrists the chance for a six-figure income while still working a typical, 40-hour week.
"Podiatric medicine not only provides a comfortable salary and flexible work week, it also offers the opportunity to work with state-of-the-art medical equipment, perform life-changing surgery and help treat and manage major medical conditions such as diabetes," said Dr. Ross Taubman, president of the APMA.
Does anyone have any workforce salary data on other countries?
I suspect in the UK, NZ and Australia the average salary might be anywhere from 1/2 to 1/3 of the US figure.
Yet another reason to have wider scope of practice?
LL
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***************************************** Remember, it's just a foot.
Very smart way to market the profession to potential newcomers......maybe in Australia we could learn a thing or two about the way the APMA has done this.
I suspect in the UK, NZ and Australia the average salary might be anywhere from 1/2 to 1/3 of the US figure
.
If you factor in that on average, in terms of purchasing power, $1 in the US buys the same as £1 in the UK then top wages for a UK Podiatrist are around 1/5th of the US podiatrist. UK Podiatric surgeons may earn more tho.
Dave
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Descartes seems to consider here that beliefs formed by pure reasoning are less doubtful than those formed through perception.
That's intersting when you consider that in Victoria, Australia, federal award pay rates for a podiatrist first year out are less than that of a teacher first year out of university....
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Adrian Misseri
B.Pod.,M.Hlth.Sci.(Pod.)
You know.. we could just cut it off.....?
Last edited by Adrian Misseri : 22nd September 2008 at 02:23 PM.
Reason: clarification
Let's not get too far ahead of ourselves here since the podiatric medical education in the States is much different than that in other countries.
At the age of 18 here in the States, pre-podiatry students first will do four years of undergraduate education at a college or university at about $10,000 per year (at least) expense. Then they will enter a four year podiatric medical school at about $23,000 per year for tuition alone (excluding books, lab fees, room and board). They will then enter their 3 year surgical residency where they will be making a relatively low salary, working 50-60 hour weeks, and having their student loans deferred (often amounting to over $150,000) . Then by the age of 29 (if they are young when they start podiatry school) they can work toward making this "$176,000/year" salary after they have taken about 10 years of full time practice to pay off their student loans by the age of 39.
How many of you have had similar training and educational expenses to this average US podiatrist? How many of you would be willing to sacrifice this much time out of your youthful twenties and take on this type of debt for the prospect of possibly making this type of salary? These are all facts to think about before you start making salary comparisons between a podiatrist in one country to a podiatrist in another country.
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Sincerely,
Kevin
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Kevin A. Kirby, DPM
Adjunct Associate Professor
Department of Applied Biomechanics
California School of Podiatric Medicine at Samuel Merritt College
The Victorian public Sector EBA rate for a new grad (grade 1 Year 2) is currently $43,650 with a new agreement currently in arbitration, that should adress this imbalance. Still not enough though
Hi all,
This is a web site i found. Rather interesting. Have a look at some of the other health care professional's salaries..................................
A friend of mine is an American MD who works and lives here in Australia. Unlike the majority of Australians he has attempted his Fellowship (FRACP) exams multiple times for Radiology. Eventually, he passed.
Yes, he has an MD, yes he is now a Consultant Radiologist, but he often complained at the levels of demands place on him for his Fellowship exams. His 4 years undergrad pre-med (BSc) + 4 years post Grad (MD) + residency etc , has NOT adequately prepared him for Specialization in this Country. I also know another US MD who faced similar issues in Plastic Surgery.
Just because the educational model is different in the US (longer, vocational post grad, expensive etc) , by no means implies greater 'rigour' or quality of education, not that anyone is claiming so.
A patient of mine is a Scottish Professor of Education who was seconded to the US for a few years at an Ivy League University. He told me that the last year of High School in Australia is roughly equivalent to the first year of University in the US.
I know it doesn't mean much, but, at US high Schools they wear a Mortar Board and Academic regalia at Graduation, at my (Alma Mater) University we weren't considered 'good' enough to wear a Mortar Board until we get a Masters !
No doubt, US Pods are great, but not on a 'different planet' to Pod's of other Nations.
Just my 2 cents
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A bientot...
Julian
Podiatrist-at-large
Quote:
Let him who is without sin , cast the first stone...
Last edited by ja99 : 23rd September 2008 at 02:26 AM.
Reason: Poor grammer
Having surveyed the incomes of American podiatrists for over a quarter century, I seriously question the legitimacy of this number. It may represent the net income of a hospital-based surgeon with many years of experience in a metropolitan area, but it bears no resemblance to the average net income of a typical podiatrist, which is closer to $120,000 US.
Having surveyed the incomes of American podiatrists for over a quarter century, I seriously question the legitimacy of this number. It may represent the net income of a hospital-based surgeon with many years of experience in a metropolitan area, but it bears no resemblance to the average net income of a typical podiatrist, which is closer to $120,000 US.
Welcome to Podiatry Arena. Do you have any knowledge of what the average amount of student loans that podiatry students accumulate by the end of their podiatric medical school experience and how long, on average, they require to pay them off?
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Sincerely,
Kevin
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Kevin A. Kirby, DPM
Adjunct Associate Professor
Department of Applied Biomechanics
California School of Podiatric Medicine at Samuel Merritt College
The average student loan repayment (of those with student loans) is $14,895 according to our 2007 survey. We do not collect statistics on the amount of the original loan or how long it takes to repay it.
Let's not get too far ahead of ourselves here since the podiatric medical education in the States is much different than that in other countries... (some cut)
How many of you have had similar training and educational expenses to this average US podiatrist? How many of you would be willing to sacrifice this much time out of your youthful twenties and take on this type of debt for the prospect of possibly making this type of salary? These are all facts to think about before you start making salary comparisons between a podiatrist in one country to a podiatrist in another country.
Kevin
Different educational paradigms, different funding mechanisms.
To practice as a podiatric surgeon in this country you are required to do an undergraduate podiatry degree (4 years), develop one year postgrad experience, complete a Masters degree (2 years), complete Fellowship training with the Australasian College of Podiatric Surgeons (3-5 years) which includes interprofessional, interstate and international rotations at great expense.
Granted the majority of podiatrists do not follow this path, but the closest way to compare apples and apples would be to consider the above.
My guess is that the average podiatric surgeon salary in Australia might comfortably exceed the US figure, but with a much lower proportion of student debt thanks to the way tertiary education is funded here. I know from experience that the personal sacrifice costs would be at least equivalent.
LL
__________________
***************************************** Remember, it's just a foot.
Having surveyed the incomes of American podiatrists for over a quarter century, I seriously question the legitimacy of this number. It may represent the net income of a hospital-based surgeon with many years of experience in a metropolitan area, but it bears no resemblance to the average net income of a typical podiatrist, which is closer to $120,000 US.
I subscribe to Podiatry Management from Australia and find it the most practical and useful podiatry periodical that comes into my in-tray.
I only wish it were more accessible and better known to podiatrists outside of the USA - there's a big market out there for you that is untapped and hungry for this information!
LL
__________________
***************************************** Remember, it's just a foot.
Different educational paradigms, different funding mechanisms.
To practice as a podiatric surgeon in this country you are required to do an undergraduate podiatry degree (4 years), develop one year postgrad experience, complete a Masters degree (2 years), complete Fellowship training with the Australasian College of Podiatric Surgeons (3-5 years) which includes interprofessional, interstate and international rotations at great expense.
Granted the majority of podiatrists do not follow this path, but the closest way to compare apples and apples would be to consider the above.
My guess is that the average podiatric surgeon salary in Australia might comfortably exceed the US figure, but with a much lower proportion of student debt thanks to the way tertiary education is funded here. I know from experience that the personal sacrifice costs would be at least equivalent.
LL
LL:
Exactly the point I was making. I know that the best trained Australian podiatric surgeons would fit right in here with the podiatric surgeons of the States. However, the big difference is the percentage of podiatrists that have these qualifications in each country. In the States, probably 85% of the practicing podiatrists do forefoot and simple rearfoot osseous surgeries. (Barry, please correct me if I'm wrong.) What would you say, LL, are the percentages of similarly trained podiatric surgeons in Australia compared to the population of podiatrists as a whole?
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Sincerely,
Kevin
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Kevin A. Kirby, DPM
Adjunct Associate Professor
Department of Applied Biomechanics
California School of Podiatric Medicine at Samuel Merritt College
I subscribe to Podiatry Management from Australia and find it the most practical and useful podiatry periodical that comes into my in-tray.
I only wish it were more accessible and better known to podiatrists outside of the USA - there's a big market out there for you that is untapped and hungry for this information!
LL
I'll second that one. Dr. Barry Block has published Podiatry Management magazine for the past quarter century here in the States and I have always found it to be the podiatry magazine/journal that I most look forward to reading every month. I know that many other podiatrists here in the US also share my respect and admiration for Dr. Block. There is probably no one single podiatrist that has done more for podiatry here in the States than has Barry Block in the past 20 years.
It's great to have you contributing to this international academic website, Barry. Your contributions to the podiatric profession are monumental.
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Sincerely,
Kevin
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Kevin A. Kirby, DPM
Adjunct Associate Professor
Department of Applied Biomechanics
California School of Podiatric Medicine at Samuel Merritt College
What would you say, LL, are the percentages of similarly trained podiatric surgeons in Australia compared to the population of podiatrists as a whole?
Miniscule, I lament to say. Unfortunately, this a reflection of funding and political matters here more than anything else.
My point was where we can compare 'like and like' the efforts, sacrifices and rewards are possibly the same? There is just little hard evidence of this.
LL
__________________
***************************************** Remember, it's just a foot.
Thank you for your kind words. Podiatry Manangement also publishes a daily Internet Newsletter which is free and can be found at www.podiatrym.com
Hello Barry, get my Podiatry Management regularly in the post, great read full of usefull info. Welcome and a long time in hearing from you, I'm sure you and your legal knowledge will be a benifit to us all on Podiatry Arena.
Judith Sullivan
The Following User Says Thank You to betafeet For This Useful Post:
Hello Barry, get my Podiatry Management regularly in the post, great read full of usefull info. Welcome and a long time in hearing from you, I'm sure you and your legal knowledge will be a benifit to us all on Podiatry Arena.
Judith Sullivan
I am not intending to disrupt the thread but would like to enquire RE: Subscribing.
I followed Dr. Blocks' link & I appreciate that as a non USA based Podiatrist I would have to pay for a subscription.
Quote:
Free offer limited to the U.S., Canada, and Puerto Rico
Free subscriptions are available only to DPM's.
Students and non-podiatrists are welcome to subscribe at the rate of $30 per year or $49 for two years; if you would like a paid subscription, please do NOT fill out the form below. Click HERE to request a paid subscription.
As individuals have praised this publication I also have made enquiries with regard to subscribing.
My question, is the internet newsletter content the same as the publication?
Sorry to disturb the thread.
Regards,
Mandy.
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:)
twirly
Mandy Brooks
Brooks Podiatry
S64 0DE
Suffering a fondness for odd things.
The Internet publication PM News is free and contains entirely different content than Podiatry Management, which is a 250-Page+ print publication, which contains full-length articles. Subscription information is available on our website, www.podiatrym.com
Sorry Mandy a bit late but LL and Barry answered your question www.podiatrym.com picture of Kevin Kirby along with other members of the orthotics round table on the front of this months journal.
Jude
Last edited by betafeet : 24th September 2008 at 11:46 AM.
Reason: spelling
Average US podiatry salary $176,000pa
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