Considering a career as a lawyer or a doctor? You should know that both professions have similar traits. This article will cover the pay difference between doctors and lawyers, as well as the average starting salary for both. To make the choice easier, read on to discover the traits that each profession has in common. Also, find out the most common qualities of each profession. Here’s how to decide which field is better for you. This article will answer that question and more!
Average starting salary for doctors
Generally, doctors and lawyers make more money than the average person. While the highest-paid doctors earn around $200k a year, lawyers make up the other half of the list. However, the starting salaries of lawyers and physicians may be quite different. The average starting salaries of these professions vary widely, so it’s important to consider the specific career path you choose. Fortunately, there are many different options for both. Read on to learn about the average starting salaries of doctors and lawyers.
In 2016, the median annual salary for a medical doctor in the U.S. was $209,044; doctors earning less than that earned an average of $118,160. Lawyers and doctors are paid well for the work they do, but the gap between the two professions is large. The average starting salary of a lawyer or doctor is nearly three times higher than that of the average person in the U.S.
Average starting salary for lawyers
If you are considering a career in either field, you’ve probably wondered about the average starting salaries for doctors and lawyers. In both professions, physicians earn about $250,000 on average when they reach the ten-year mark. Fortunately, doctors are usually found in academic medicine, which pays less than private practice, so the difference is quite minimal. For lawyers, however, the median starting salary is just $118,000 per year.
The salaries of lawyers are significantly higher than those of doctors and are dependent on the number of years spent in law school. While most doctors start at around $100,000 per year, lawyers can expect to make up to $180,000. For top law school graduates, salaries can easily reach $500,000 or more. During their peak earning years, lawyers can earn upwards of $1 million a year. However, many attorneys do not stay in the corporate world. They don’t enjoy the hectic lifestyle.
Common traits of both professions
There are many similarities between lawyers and doctors, but there are also important differences. While the two fields require high-level education, both careers offer different types of work and potential for earning. Read on to discover what makes each field unique. If you are considering a career in medicine, read on to learn more about the differences between lawyers and doctors. You may find the two careers interesting, but they’re not the same. Here’s how to decide which one is right for you!
Pay disparity between them
Despite the growing number of women in the law, the pay disparity between doctors and lawyers remains a persistent issue. Women now make up about one-third of physicians and attorneys in the United States. Nevertheless, their earnings are far less than their male counterparts. Many female attorneys and physicians work in low-paying specialties, such as family practice and pediatrics, so it’s not surprising that their earnings are significantly lower than their male colleagues.
The RAND Corporation recently analyzed the salaries of roughly 65,000 physicians and found that male physicians earned an average of $2,043,881 less than their female counterparts in 2017. The wage gap increased as the number of physicians rose, with men earning an average of $319,000 in Charleston, South Carolina, while women made an average of $207,000. The pay gap between male and female physicians is even greater depending on where they practice, with an average wage difference of more than 30 percent in Kansas City and Nashville.