who is richer, doctor or lawyer

Doctors are richer than lawyers, but rich lawyers are richer than rich doctors. If you're goal is a high 6 figure salary, medicine is a better choice for you. If you are obsessed with great riches, however, law might be a better choice than medicine. Of course, this is all relative.

Full Answer

Are doctors richer than lawyers?

Jul 16, 2021 · In Lawyers, Legal Encyclopedia Who is richer doctor or lawyer? The highest paid physicians are anesthesiologists, who had a median salary of $453,687 in 2015, according to the Medical Group Management Association. The top 10 percent of lawyers earned over $208,000, according to the BLS, while the bottom 10 percent had a median salary of $56,910.

Why do some lawyers make more money than others?

Feb 15, 2022 · A Dozen of the Richest Practicing Lawyers in the World . Wichai Thongtang. Net Worth: $1.8 billion. … Charlie Munger. Net Worth: $1.6 billion. … Bill Neukom. Net Worth: $850 million. … Judge Judy. Net Worth: $440 million. … Robert Shapiro. Net Worth: $120 million. … John Branca. Net Worth: $100 million. … Roy Black. … Jane Wanjiru Michuki. Who is smarter lawyers …

How much does a lawyer make a year?

Apr 28, 2021 · Are lawyers richer than doctors? 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, 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.

Is being a doctor a prestigious profession?

Aug 28, 2014 · The answer is: Lawyers. Rich lawyers make more than rich doctors. Some simple calculations show that both lawyers and doctors in the top 1% make less than the average income in the top 1% (because CEOs and Financiers make up a big portion of this group). But, doctors in the 1% make 78% of the average while lawyers in the 1% make 85% of the average.

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.

What is the difference between a lawyer and a physician?

A physician , who knowingly cuts into a perfectly healthy patient (motivated by profit), is devoid of moral character which places value on human life. A lawyer, who doesn't uphold the laws of the jurisdiction in which s/he practices law, has no moral character which places value on truth (or human life).

What makes a good doctor?

That being said, someone who does well in the sciences will probably make a good doctor because the same traits will make you successful at either - a good memory, ability to focus, attention to detail, an analytical way of approaching problems. The road to becoming a doctor or lawyer is very long.

Is medicine a respected profession?

Continue Reading. Medicine is a respected profession, Law not so much. Doctors make more money, unless you’re a real shyster/lawyer, but a lot of doctors can still cheat the government with fake billings. Hillary did pretty good with Whitewater though. If you’re into math, be a doctor not a lawyer.

Legally and practically, what is stopping me from walking out of work, buying a boat and sailing off into the ocean

I don't care about drowning. I just want to know if the Navy would try to stop me or something.

Am I tripping or does it seem like Reddit has been hyper sexualized lately?

Am I tripping or does it seem like Reddit has been hyper sexualized lately?