The dermatologist salary is the highest in New Zealand, where professionals earn NZ$334,698 (US$243,693) per year. New Zealand is followed by the US with $218,000, Canada with C$250,000 (US$192,575), the UK with £75,249 (US$97,093), and Australia with AU$105,000 (US$79,779). The lowest salaries for dermatologists are registered in South Africa where professionals earn R366,251 (US$27,391) and in India with Rs1,191,000 (US$18,435).
How Much Does a Dermatologist Make per Year?
|US||Canada||UK||Australia||New Zealand||India||South Africa|
Factors that Influence the Dermatologist Salary
As mentioned above, there is a wide variety of factors that can actively determine the income of a dermatologist. The primary factor that influences the earnings of a dermatologist is the geographic area.
Dermatologist Salary in the US
In the United States, the average income of a dermatologist is $218,000 per year. The starting salary for dermatologists working in the United States is $80,931 for the first few years. Experienced professionals, on the other hand, can take home up to $354,107 per year. However, based on the geographic area, the wage will vary accordingly.
Below you will find a table containing some other high paying states:
|State||Hourly Mean Wage||Annual Mean Wage||Percentile Increase/Decrease from National Mean Wage|
If you’re currently seeking employment in this profession, you should avoid these states as they have the lowest paying rates in the country:
|State||Hourly Mean Wage||Annual Mean Wage||Percentile Decrease from National Mean wage|
According to job market report published by Sokanu.com, the highest rate of employment for this occupation can be found in California, Texas, Rhode Island, and New York.
Dermatologist Salary in Canada
Payscale reports the mean dermatologist salary in Canada at C$250,000 (US$192,575), and the median at C$280,000 (US$215,625) per year. Neuvoo, on the other hand, reports the average at C$283,333 (US$218,251). The starting dermatology salary is C$198,000 (US$152,717), while experienced professionals can earn up to C$397,000 (US$305,888).
Dermatologist Salary in the UK
According to Payscale, dermatologists working in the United Kingdom earn about £75,249 (US$97,093) per year. Indeed.co.uk, however, reports the average at £90,618 (US$116,823), and reed.co.uk estimates an average of £100,000 (US$128,918) per year. No information is available on the starting and experienced dermatologist salary for this country.
Dermatologist Salary in Australia
According to Payscale, the average AU$101,000 (US$76,805). Although no info is available on the starting and experienced salaries of dermatologists in this country, our source also indicates entry-level and mid-career professionals earn less than the national average.
Dermatologist Salary in New Zealand
Even though no info is available on the dermatologist salary in New Zealand, we can take the physician salary as a reference. Therefore, a dermatologist working in New Zealand earns about NZ$334,698 (US$243,693) per year. Trainees start off somewhere between NZ$70,000 (US$51,121) and NZ$175,000 (US$127,654) per year, while experienced dermatologists can earn up to NZ$600,000 (US$438,180).
Dermatologist Salary in India
Payscale reports the national average for dermatologists in India at Rs1,191,000 (US$18,456). A beginner in this field takes home as little as Rs481,602 (US$7,457) per year and will reach the national average before their mid-career mark. Experienced professionals can expect salaries of up to Rs2,626,000 (US$40,694) per year.
Dermatologist Salary in South Africa
A dermatologist working in South Africa earns about R366,251 (US$27,391) per year on average, according to Payscale. The median salary for this profession is significantly higher, though: R429,767, or US$32,282. The same source tells us most of the dermatologists working here have less than 10 years of experience; in fact, only 13% of the professionals have between 10 and 20 years in this field.
Experience is also construed as a factor which influences the salary of a dermatologist, according to the number of years you have amassed in the field.
To become a dermatologist, you must first obtain a bachelor’s degree in an appropriate field like anatomy, physiology, biochemistry, biology, or biomechanics. After obtaining a bachelor’s degree, you have to graduate medical school either as a Medical Doctor or as a Doctor of Osteopathic Medicine. With Med School completed, you will have a to finish a 3-year dermatology residency program.
A dermatologist starts off with a good salary when compared to the national average for all professions no matter the country they are in. After a rapid spike in the yearly pay and after reaching the average dermatologist salary for their country, the salary will continue to rise. Nevertheless, after the 20-year mark, most dermatologists start to notice slight decreases in their yearly income.
Based on the industry and area of specialization, the salary of a dermatologist will vary accordingly. For instance, a dermatologist working in a private clinic or a private practice tends to earn 60 percent more than one employed in a hospital.
As mentioned above, specialization can also influence the average wage. For example, a pediatric dermatologist in the US has a yearly income of $203,727. However, the salary can go as far as $250,000 if we also include compensations.
Furthermore, practicing pediatric dermatologists in the US can earn up to $475,000 per year, compared to pediatric dermatologists who serve in an academic field. Pediatric dermatologist teachers can earn up to $176,661 per year in the US if they are an assistant professor and up to $232,375 per year if they are full-time teachers.
By comparison, a cosmetic dermatologist salary can be anywhere between $206,040 and $309,060 per year, depending on experience and employer. As for veterinary dermatologists, they tend to earn less than cosmetic and pediatric dermatologists.
Working Hours and Environment
Most dermatologists work in hospitals or clinic. Typically, a dermatologist works 40 hours per week, from 9 to 5. In rare instances, some dermatologists might work extra shifts or over the weekends to accommodate his patients’ needs.
Although most dermatologists work in hospital or clinics, some of them might establish private practices. The advantages of working in private practice are obvious, from boosting your yearly salary to flexible working hours.
Bonuses and Benefit Packages
Apart from their salary, dermatologists are also entitled to any number of bonuses and benefits, ranging from a substantial yearly bonus to a full medical insurance. According to payscale.com, a senior dermatologist can go as high as $74,666 in yearly bonuses. As per contract, the insurance policy bill can include eye insurance, malpractice insurance, dental insurance, and a substantial pension account.
As far as job outlook is concerned, the Bureau for Labor Statistics has projected a 14.1 percent increase in the 2012-2022 timeframe. The field of dermatology is constantly on the move, so specialists will always be welcome to occupy a position in a hospital or clinic.
Dermatology is one of the most lucrative and high paying jobs in the United States. Based on BLS’s projection, the job market for this occupation will increase over the next decade. Therefore, securing a job as a dermatologist will not be problematic. In addition, both the dermatologist salary and the bonuses are substantial.