Wondering how much doctors are earning in Australia and New Zealand? A doctor's ability to earn varies - It depends on what level of training they are at and what specialty of medicine they are in. This article will cover how much doctors are earning in Australia and New Zealand, and how you can increase your earnings.
In Australia the overall average doctor's salary is around $180,000, however, a doctor can make depending on many factors, including their grade, and their specialty. If you are a doctor-in-training or junior doctor in Australia you will earn around $70,000 – $85,000, whereas a top-level consultant can be earning an average of $394,866.
New data from the Australian Tax Office has revealed that the average salary in Australia is now just over $60,000, so even junior doctors are earning over the national average, and consultants are earning over 6 times as much.
If you are wondering what kind of doctor earns the most, the highest-paid specialty in Australia is surgery, with an average income of around $400,000. Specialty surgeons (like neurosurgeons and ophthalmologists can earn over $500,000). Surgery is followed by anaesthetics and internal medicine (which are all in the over $300,000 bracket).
A doctor in New Zealand earns an average salary of between $72,000 and $182,000 a year. A junior doctor in New Zealand makes around $80,000 – $140,000 a year, whereas Consultants could be earning between $155,000 and $219,000 a year. Those working in the private sector could earn up to $600,000.
As of 2022, the average New Zealand wage is $58,836 per year, with doctors of all grades and specialties earning above the median wage.
Yes, in Australia with an average income of over $190,000 a Specialist Consultant is the second highest paying job (followed only by banking), according to Seek.co.nz's 2022 data.
As detailed above specialists in private practice or certain specialties have the ability to earn well over the average income. On top of this, Australia offers its doctors great locum rates and a great work/life balance.
If that wasn't enough, New Zealand is known for its outdoor lifestyle and as a great community-centric country to raise a family - so you can earn while you enjoy life in New Zealand.
Locum work is a great way to earn more by working extra shifts alongside a usual role or instead of. Locum Consultants are earning up to $3000 a day, and in some cases, junior locums are earning $2,000 a day.
Locuming also provides the opportunity to travel, learn, and work in different settings - travel and accommodation and often covered which means you can save money on the job!
There are also ways outside of medicine that doctors can supplement their income, this includes things like property investment or investment funds.
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