who earns more doctor or lawyer

However, on average, the data shows that doctors make more than lawyers. Specifically, the average doctor makes $208,000 per year, while the average lawyer makes $118,160. These average numbers take doctors and lawyers who are in the peak of their careers — meaning that those just starting out do not take this amount.

Full Answer

Do lawyers make more money than doctors and engineers?

Feb 21, 2020 · Who earns more a doctor or a lawyer? However, on average, the data shows that doctors make more than lawyers. To the surprise of some, the reality is that the discrepancy is not even close. Specifically, the average doctor makes $208,000 per year, while the average lawyer makes $118,160.

What is the average salary of a doctor?

Apr 12, 2022 · While doctors earn statistically more than lawyers and accountants, that doesn`t mean it`s the median salary you can expect throughout your career. Based on this data, it is clear that lawyers and doctors earn more than technologists, at least based on average hourly and annual wage data.

How much does a lawyer make?

Does Medical Doctor earn more than a Lawyer? Yes, Doctors do earn more than Lawyers. The median wage of a Doctor is $208,000 compared to a Lawyer $126,930 per annum.

Which profession earns the highest salaries?

Jun 26, 2018 · According to the BLS, medical doctors which include both medical doctors (MDs) and doctors of osteopathic medicine (DOs) earned an annual median salary of $208,000 per year in 2016. Lawyers,...

Does Medical Doctor earn more than a Lawyer?

Yes, Doctors do earn more than Lawyers. The median wage of a Doctor is $208,000 compared to a Lawyer $126,930 per annum.

Does Medical Doctor earn more than an Accountant?

Yes, Doctors do earn more than Accountant. The median wage of a Doctor is $208,000 compared to an Accountant $73,560 per annum

Does a Lawyer earn more than an Accountant?

Yes, Lawyers do earn more than Accountants. The median wage of a Lawyer is $126,930 compared to Accountant $73,560 per annum.

Final Thoughts

While statistically, Doctors earn more than Lawyers and Accountants, that doesn’t mean that’s the median wage you can expect to earn through your whole career.

Median Salary Comparisons

According to the BLS, medical doctors which include both medical doctors (MDs) and doctors of osteopathic medicine (DOs) earned an annual median salary of $208,000 per year in 2016. Lawyers, according to the BLS, had an annual median salary of $118,160 in 2016, a significant difference between them of $89,840.

Highs and Lows

When you look at the highest and lowest earners, though, different comparisons emerge. The lowest paid physicians typically practice family medicine and in 2015 they earned a median salary of $230,456, according to the Medical Group Management Association.

Prestige and Geography

The more prestigious a law firm is, the more they pay their lawyers. In 2016, New-York-City-based law firm Cravath, Swaine and Moore made headlines by raising its first-year lawyers' salaries by $20,000 to $180,000. That's comparable to, or more than what many family practice physicians and pediatricians earn in various parts of the U.S.

Bases and Bonuses

At the same time that Cravath, Swaine and Moore announced the new first-year salary, they announced salary bumps throughout the firm. An eight-year associate received a base salary of $315,000 plus a year-end bonus which is on a par with many physicians.

Technologists vs. Lawyers vs. Doctors: Who Earns More?

You can earn a lot of money as a technologist, especially if you specialize in a highly sought-after skill set such as machine learning or artificial intelligence (A.I.). But even with skills and experience, how does a technologist’s salary match up against that of a lawyer, doctor, or even someone in finance?

Compensation over 10 years in banking, medicine, technology, consulting and law

The IT Salaries listed are false. Apparently, Indians that took jobs from Americans are getting paid well. My first 4 tech jobs paid less that $42,000 a year. All 4 outsourced positions to India which we all had to train to take our position because it was no longer needed. The American Developers that I know make $40k to $60k a year.

How much do gynecologists make?

Obstetricians and gynecologists make $216,760, while oral and maxillofacial surgeons are the highest paid dental surgeons at $216,440. When including other specialists, such as orthodontists, family and general practitioners, psychiatrists and prostodontists, doctors occupy almost half of the top twenty highest paid salaries.

What is the growth rate of chemical engineers?

Chemical engineers, electrical engineers and electronics engineers can expect a 6-percent growth rate, while aerospace engineers will only see a 5-percent growth rate. Terri Williams began writing professionally in 1997, working with a large nonprofit organization.

How much do petroleum engineers make?

At $147,470, petroleum engineers are the highest paid engineers, ranking 16th out of the top twenty highest salaries. However, they are the only engineers in the top twenty. Nuclear engineers are a distant second with $107,140, while aerospace engineers are the third highest engineering specialists, earning $104,810 annually.