Alexei Volkov
Plastic surgeons are among the highest-paid doctors, with those in private practice earning more than employed plastic surgeons. In 2018, the average private practice plastic surgeon earned $510k, while the average employed plastic surgeon earned $492k. This equates to around $300-350k per year, or $400k for a private plastic surgeon working at an average clip.
| Characteristics | Values |
|---|---|
| Average salary | $300,000 - $510,000 |
| Average salary of a new grad | $400,000 |
| Average salary of a private practice owner | $510,000 |
| Average salary of an employed plastic surgeon | $492,000 |
What You'll Learn
- The average plastic surgeon in private practice earns $510k per year
- The average employed plastic surgeon earns $492k per year
- Plastic surgeons who own their own practice made an extra $18,000 per year on average
- Plastic surgeon compensation is affected by where they live and practice
- Plastic surgeon compensation is affected by the types of procedures they perform
The average plastic surgeon in private practice earns $510k per year
The salary of a plastic surgeon is affected by a range of factors, including how much they earn in salary vs bonus compensation, where they live and practice, the types of procedures they perform, and whether they're employed or work in private practice. For example, the average employed plastic surgeon earned $492k in 2018, while a private practice owner earned $510k.
Plastic surgeons who own their own practice made an extra $18,000 per year on average in 2018, according to Medscape. This extra money isn't the only benefit of private practice ownership, as it also means more autonomy in how you're able to care for your patients and the potential for geographic expansion.
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The average employed plastic surgeon earns $492k per year
The salary of a plastic surgeon can also vary depending on the type of procedures they perform and whether they are employed or work in private practice. Some plastic surgeons may earn a combination of base salary and bonus compensation, which can affect their overall earnings.
Location also plays a significant factor in the earnings of plastic surgeons. For example, in non-rich areas, cosmetic procedures may not be as lucrative due to less demand and increased competition. On the other hand, big cities with a high concentration of wealthy individuals can offer higher earning potential, with some plastic surgeons in this top 10% earning $600k to $2 million or more.
It is worth noting that the salary of a plastic surgeon can also be influenced by the economic climate. During a recession, for instance, some plastic surgeons may have taken home significantly less, with some earning only $30k per year.
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Plastic surgeons who own their own practice made an extra $18,000 per year on average
The salary of a plastic surgeon varies depending on a range of factors, including location, qualifications, and the types of procedures they perform. For example, reconstructive surgery pays poorly compared to other specialities. The average salary for a plastic surgeon is well over $300,000 per year, but this can be as low as $30k during a recession or as high as $2 million for the top 10% of earners.
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Plastic surgeon compensation is affected by where they live and practice
The average plastic surgeon earns well over $300,000 per year, but this can vary by state and subspecialty. For example, reconstructive surgery pays poorly, and cosmetic surgery in non-rich areas is not a gold mine. On the other hand, big-city big-name surgeons can make up to $2 million or more.
Owning a private practice also gives surgeons more autonomy in how they care for their patients and the freedom to expand their practice geographically. This could give them the opportunity to treat patients in multiple cities or countries.
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Plastic surgeon compensation is affected by the types of procedures they perform
Plastic surgeons who work in private practice can also expect to earn more if they perform a high number of procedures. For example, a plastic surgeon working at an average clip of around 5700 RVUs and earning $70 per RVU will make about $400k per year.
The type of procedures a plastic surgeon performs can also impact their compensation. For instance, cosmetic procedures in wealthy areas tend to be more profitable than reconstructive procedures. Additionally, plastic surgeons who perform a high volume of procedures may be able to negotiate higher compensation rates.
It's important to note that plastic surgeon compensation can vary depending on other factors as well, such as location and qualifications. However, the types of procedures they perform can significantly impact their earnings.
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Frequently asked questions
On average, plastic surgeons in private practice make $510k per year.
In 2018, plastic surgeons in private practice made $18,000 more than employed plastic surgeons.
New graduate plastic surgeons can expect to make around 400k per year, though this can vary depending on location and qualifications.
Plastic surgeon compensation is affected by factors such as location, the types of procedures performed, and whether they are employed or work in private practice.
