How Much Do Dermatologists Make Yearly?

Dermatologists provide essential services related to the care of the skin. They are medically trained as surgeons or physicians and specialize in all problems of the skin. Dermatologists should receive an undergraduate degree with a pre-medical course of study, as well as complete a residency and attend medical school. Their income reflects this measure of training.

Dermatologist Job Description

According to the AAD (American Academy of Dermatology), dermatologists can treat up as many as 3,100 conditions of the hair, skin, and nails. They are skilled in identifying psoriasis, eczema, skin cancer, and other problems.

Dermatologists undergo extensive training and education to be able to identify problems with the hair, skin, and nails; treat those conditions; and perform operations when required. Dermatologists generally work within a medical office and operate during regular business hours, taking appointments and emergency visits when required.

[Also Read: How to Become a Freelance Dermatologist]

Dermatologist Education Requirements

The American Academy of Dermatology advises that dermatologists must undergo several years of training before they are permitted to practice. They first attend an undergraduate course and receive a degree in a 4-year, pre-medical track. Then, they attend medical school for 4 years and become either an MD (Medical Doctor) or a DO (Doctor of Osteopathy).

Next, dermatologists pursue a 1-year internship to gain hands-on experience in their specialization. Once they have completed this, they should work in a DRP (dermatology residency program) for a minimum of 3 years.

After successfully completing this training path and education, a dermatologist can become board-certified by taking a comprehensive examination. This certification comes from either the ABD (American Board of Dermatology), the AOBD (American Osteopathic Board of Dermatology), or the RCPSC (Royal College of Physicians and Surgeons of Canada). To know whether a dermatologist is a board-certified, check for the letters FAAD after their name. This suggests that they are a fellow of the AAD.

Dermatologist Industry Basics

Like most medical industries, the dermatologist industry is dependent on factors like the concentration of competitors and population density. There are generally fewer dermatologists in a given region than there are primary care physicians.

Dermatologists typically start a practice with just one or two other doctors or go into practice alone. They may purchase or rent office space, and they typically work during the daytime on weekdays. Most offices have an administrator who handles insurance issues and appointment scheduling.

How Much Do Dermatologists Make

Careers in the U. S:

Average dermatologist pay is $219,627 as of February 2020, with higher salaries reported in cities and among those with more experience.

As with any occupation, the longer you have been a dermatologist and the more respected your practice is, the more you can expect your income to be. According to PayScale, dermatologists who have practiced for less than 5 years can expect to earn around $226,000 yearly.

For those who have worked between 5 and 9 years, this number increases to $253,000 per Medscape. For those who have more than twenty years of experience, salaries rise to $307,000. Note that PayScale collects self-reported data, and 318 dermatologists provided the salary data reported(1).

Dermatologist Income Trends

According to the Indeed Career Guide portal, dermatologist salary is an average of $219,627 per annum, although this differs by location. For example, a dermatologist salary in Houston is slightly higher, with Texas’s average at $226,953. A dermatologist in Wisconsin can expect to earn a bit less, at an average of $208,065 per year.

Careers in Europe: An entry-level dermatologist (1-5 years of experience) earns an average salary of 141.336 € (Germany). On the other hand, a senior level dermatologist (9+ years of experience) earns an average salary of 283.106 €.

Careers in Asia: An entry-level Dermatologist with less than one year experience can expect to make an average total compensation (includes bonus, tips, and overtime pay) of ₹1,000,000. An early career Dermatologist with 1-5 years of experience makes an average total compensation of ₹1,008,413. A mid-career Dermatologist with 5-10 years of experience makes an average total compensation of ₹1,200,000. An experienced Dermatologist with 10-20 years of experience makes an average total compensation of ₹1,900,000.

Dermatologist Growth Trends

According to the BLS, the employment prospects for surgeons and physicians like dermatologists are up-and-coming. From 2018 to 2028, they report an estimated seven percent job growth rate for members of this industry, which is quicker than average. They also indicate an estimated growth of over 55,000 practicing dermatologists at the same time.