10 Highest Paid Residency | Best Specialties

Many medical students want to know how long medical residency lasts. What exactly is a medical resident?

Before we explain that, this article will discuss the highest paid residency programs and the best specialties for medical students. Stay with us.

What is a Medical Residency?

A medical residency is an in-depth training program that takes place in a hospital or clinic and provides in-depth training in a specific medical specialty.

Residency programs typically last three years.

Doctors-in-training learns laboratory work, medical procedures, patient care, quality control, and mental and physical self-care, as well as “disclosure of adverse events”—the delivery of bad news. 

Because the first year of residency, also known as PGY-1 (post-graduate year one), is considered an internship, first-year residents are referred to as “interns.”

Interns become “residents” after PGY-2 as they focus more on their specialties.

Doctors who advance to subspecialties after completing residency are referred to as “fellows,” as their training is referred to as a fellowship.

To be accepted into a fellowship, doctors must go through the application, interview, and matching process once more.

Residency is challenging and demanding, and residents work long hours putting their classroom and clinical knowledge into practice. 

In this post, we will look at the highest-paying residency programs as well as the best subspecialties.

Read:10 Highest Paid Pediatric Specialties In The World | 2023

Do residents make a lot of money?

In comparison to other professions with comparable or even lower levels of training, resident pay appears to be very low.

This is because Medicare primarily provides resident graduate medical education (GME) funding, but teaching hospitals set salaries. And there’s little incentive to raise pay. 

According to the most recent Medscape Residents Salary and Income report, the average resident’s salary are just over $57,200.

Why do residents get paid so little?

Resident doctors are most likely paid so little because Medicare funds a large portion of residency program funding, and Medicare funds (for training residents) have been frozen since 1997.

Other microeconomic factors come into play as well. While resident doctors are paid, the work they do is always overseen by an attending physician.

During their first post-graduate year, interns do not even have a license to practice medicine (PGY-1). Residents do not generate revenue on their own because they lack the ability to bill for services that are not provided by the attending. 

Residents, as ridiculous as it may appear, are both an investment and an expense, but they are not rainmakers. The care they provide has just as much clout in that the residents are trained as it does in that the patient is cared for.

Even if funds were unfrozen, there are fewer residency slots available than current medical graduates. An increase in funding would almost certainly result in more residency slots, not better pay.

How much do residents make? 

It’s pertinent to ask this question “how much do medical residents make” especially if you are about to become a resident doctor.

While several other factors can influence no clear-cut figures on how much residents make, medical residents’ salary is applaudable.

According to Medscape’s Residents Salary and Debt Report 2022, the average medical resident earns $64,000 annually, a 1% increase from the $63,400 they earned in 2020. 

Salary increases with years of experience, as expected. Salaries in the sixth through eight years of postdoctoral training average $70,300, significantly higher than the $57,500 paid in the first year of residency. 

Read: 15 Highest Paid Doctors In NYC

Is residency harder than medical school?

They’re both difficult but in different ways. However, residency is likely to be more difficult.

Med school is difficult because it requires the rapid assimilation of massive amounts of information, with the need to regurgitate that information either on tests or at the drop of a hat on a clinical rotation when an attending starts asking pimp questions on rounds.

All of this, plus extreme sleep deprivation and the constant awareness that your level of skill and competency is frequently all that stands between patients and death, is what residency entails.

How to Choose a Residency Program.

During interviews with internship and residency program directors, medical students can determine which training site best fits their personality and goals by asking the right questions.

When choosing a residency program consider the following:

1. Always consider the faculty’s caliber.

Are they challenging and supportive enough to allow you to spread your wings and develop your practice style before graduating?

2. Don’t be misled by “perks”

Perks like convenient call times, free parking, and discounted housing. “In the long run, perks don’t matter; what matters is the experience,”

3. Take into account the location.

Is the program located in an area where you want to live? Would you like to work in that area after you graduate? Is there any option for recreation during downtime?

4. Speak with predecessor residents

Speak with a resident from each program year to understand what lies ahead.

Also, look into what program the graduates are doing and make sure their careers align with yours.

5. Don’t pretend to have opinions you don’t normally have

During the interview, do not pretend to have attitudes or opinions you do not truly hold. “If you match into a program based on characteristics you don’t have, it can cause many unnecessary problems.

6. Inquire about the program’s strengths and weaknesses

They are present in all programs, and understanding what they are can help you make an informed decision.

7. Take advantage of the opportunity to speak with nursing staff during your visit.

They will be your coworkers for many years, so it is critical to gain their perspective on residents.

8. Don’t consider it a pass or fail experience

And, when training begins, don’t consider it a “pass/fail” experience. This is one of the last times in your career that you will have aca

demic support as a student, a reason to try new things, and help if you fail.”

Read: Highest Paid Psychiatrist Specialties in the World | Top 10 Psychiatrist Careers With Salaries

What comes after residency? 

First, he or she throws a huge party to commemorate the completion of the training phase of his or her career.

However, a few may pursue a fellowship (an additional 2–3 years) to gain specialized training. While this may result in a slightly higher salary, most doctors complete their training with residency.

A medical doctor will typically take a “board” examination specific to his or her field in the final months or shortly after residency.

Internists, for example, take the Board of Internal Medicine examination. OB/GYNs must pass the Board of Obstetrics and Gynecology (ABOG) examination, among other things. 

This may vary depending on the country. Passing these exams qualifies the doctor for employment as a specialist in their field.

After residency, one can decide to stay in academia, which provides more prestige and a slightly lower workload but requires teaching, publishing, and politics.

More vacation time, including conference and academic days. Lower pay is frequently the trade-off.

The other option is to go into private practice. This can be a solo, small to a large single-specialty group, a multi-specialty group as an employee with or without partnership potential, or hospital employment.

Last but not least, travel is required, but so is the opportunity to learn about different practices/lifestyles, etc.

Some people will spend their entire career with a single group if they are fortunate. Others may take a little longer to find the right fit. 

This is similar to graduating from college, but it is delayed by seven to ten years or more.

What are the 10 Highest Paying Residencies? List and Review Each Medical Residency Program, Their Work, and Pay.

Here is a list of the 10 highest-paid residency programs in 2023

1 Emergency Medicine Residency

Emergency medicine is one of the highest-paid residency programs. It is a medical specialty that focuses on recognizing, evaluating, and caring for patients who are critically ill or wounded.

It is a high-pressure, fast-paced, and diversified specialty that necessitates a comprehensive basis of medical knowledge and a wide range of clinical and technical abilities.

Pre-hospital care and the acute care components of the other specialties are prioritized. Emergency physicians treat people of all ages for a wide range of illnesses with various degrees of severity.

Clinical topics such as catastrophe medicine and large crowds are also included in emergency medical courses. 

A minimum of three years of postgraduate education in one of three forms is required for training (PGY 1-3, PGY 2-4 with separate internship, PGY 1-4). 

Following completion of an emergency medicine residency training program, subspecialty/fellowship training is offered in sports medicine, pediatric emergency medicine, EMS-prehospital, disaster medicine, medical toxicology, emergency ultrasound/imaging, palliative care, and critical care.

It is one of the highest paying residency programs in the world.

Emergency Room Physician Average Salary By State

Rank	State	Avg. Salary	Hourly Rate	Job Count
1	New Mexico	$129,183	$62.11	404
2	Maine	$127,048	$61.08	297
3	Hawaii	$157,683	$75.81	157
4	Florida	$138,071	$66.38	2,447
5	Louisiana	$133,363	$64.12	438
6	Nevada	$121,979	$58.64	384
7	Arizona	$123,589	$59.42	948
8	Mississippi	$133,424	$64.15	190
9	South Carolina	$121,619	$58.47	642
10	Vermont	$119,776	$57.58	132
11	Connecticut	$122,387	$58.84	503
12	Texas	$121,983	$58.65	2,814
13	Georgia	$124,123	$59.67	1,169
14	New Hampshire	$116,007	$55.77	332
15	Alabama	$124,894	$60.05	354
16	New York	$118,418	$56.93	2,060
17	California	$132,697	$63.80	2,716
18	Oregon	$119,186	$57.30	550
19	North Carolina	$116,691	$56.10	1,084
20	Pennsylvania	$109,079	$52.44	1,669
21	Arkansas	$117,679	$56.58	218
22	Delaware	$119,175	$57.30	93
23	Tennessee	$106,792	$51.34	698
24	New Jersey	$114,815	$55.20	947
25	West Virginia	$102,617	$49.34	200
26	Ohio	$110,030	$52.90	871
27	Virginia	$111,804	$53.75	968
28	Oklahoma	$101,313	$48.71	359
29	Wyoming	$97,909	$47.07	88
30	Utah	$109,076	$52.44	250
31	North Dakota	$97,142	$46.70	155
32	Wisconsin	$96,826	$46.55	921
33	Rhode Island	$109,220	$52.51	93
34	Maryland	$107,050	$51.47	668
35	Massachusetts	$107,686	$51.77	885
36	Alaska	$90,497	$43.51	165
37	Idaho	$103,521	$49.77	112
38	Indiana	$95,572	$45.95	818
39	South Dakota	$89,267	$42.92	224
40	Kentucky	$96,282	$46.29	363
41	Missouri	$98,295	$47.26	611
42	Washington	$98,812	$47.51	845
43	Illinois	$98,651	$47.43	1,134
44	Nebraska	$97,508	$46.88	183
45	Michigan	$94,584	$45.47	869
46	Montana	$78,597	$37.79	201
47	Kansas	$95,793	$46.05	284
48	Colorado	$95,980	$46.14	685
49	Iowa	$94,769	$45.56	374
50	Minnesota	$91,376	$43.93	811
51	District of Columbia	$99,274	$47.73	103

Read: Highest Paid Psychiatrist Specialties in the World | Top 10 Psychiatrist Careers With Salaries

2 Anesthesiology Residency

Anesthesiology is a branch of medicine that specializes in the care of patients who are made unconscious or insensitive to pain and stress during surgical, obstetric, and other medical operations.

This includes preoperative examination and treatment of these patients in specialist care for:

• pain management
• cardiac resuscitation
• respiratory care issues, and
• management of critically ill and/or injured patients in special care units. 

A minimum of four years of graduate medical study is required for training. Three years of clinical anesthetic training are required. One year of training must be spent on the clinical base year, which should offer the resident 12 months of extensive clinical instruction in medical specialties, with a maximum of one month, including anesthetic administration.

Typically, the clinical base year is the first year of graduate medical school. 

Following completion of an anesthesiology resident training program, subspecialty/fellowship training is available in anesthesiology critical care medicine, pain management, and pediatric anesthesiology.

Anesthesiology Resident Average Salary By State

Rank	State	Avg. Salary	Hourly Rate	Job Count
1	Minnesota	$196,523	$94.48	558
2	North Dakota	$200,867	$96.57	14
3	Wisconsin	$186,807	$89.81	146
4	Wyoming	$184,558	$88.73	7
5	Iowa	$175,890	$84.56	46
6	South Dakota	$178,204	$85.67	11
7	Ohio	$170,377	$81.91	133
8	Indiana	$170,438	$81.94	85
9	Idaho	$182,881	$87.92	11
10	Nebraska	$182,214	$87.60	14
11	Illinois	$176,178	$84.70	130
12	Michigan	$165,652	$79.64	201
13	Vermont	$187,518	$90.15	2
14	Maine	$181,049	$87.04	8
15	West Virginia	$172,412	$82.89	10
16	Montana	$179,443	$86.27	4
17	Mississippi	$165,956	$79.79	17
18	Utah	$176,268	$84.74	9
19	Oregon	$173,634	$83.48	33
20	New Mexico	$167,788	$80.67	14
21	Pennsylvania	$161,595	$77.69	165
22	Alabama	$162,342	$78.05	42
23	North Carolina	$164,185	$78.94	72
24	Tennessee	$158,411	$76.16	104
25	Colorado	$163,684	$78.69	76
26	Washington	$171,993	$82.69	55
27	Alaska	$161,875	$77.82	29
28	Kentucky	$157,901	$75.91	72
29	Missouri	$163,110	$78.42	43
30	Maryland	$163,140	$78.43	82
31	New York	$160,135	$76.99	291
32	Texas	$160,000	$76.92	162
33	Massachusetts	$166,975	$80.28	57
34	Arkansas	$161,484	$77.64	10
35	Arizona	$159,459	$76.66	44
36	California	$161,659	$77.72	267
37	Georgia	$153,103	$73.61	130
38	Louisiana	$158,983	$76.43	15
39	Kansas	$158,279	$76.10	13
40	Nevada	$153,591	$73.84	20
41	Connecticut	$160,138	$76.99	22
42	New Hampshire	$157,024	$75.49	12
43	New Jersey	$159,922	$76.89	52
44	Virginia	$158,222	$76.07	68
45	District of Columbia	$153,721	$73.90	14
46	Oklahoma	$155,119	$74.58	8
47	Florida	$139,952	$67.28	164
48	South Carolina	$150,304	$72.26	28
49	Hawaii	$90,695	$43.60	9
50	Rhode Island	$151,898	$73.03	1
51	Delaware	$145,046	$69.73	8

3 Medical Physicist Residency

The Radiation Oncology Physics Residency Program is one of the highest-paid residency programs. It is aimed at persons with an MS or Ph.D. who want to learn about clinical radiation oncology physics in preparation for a clinical career.

It offers clinical training in radiation oncology physics, preparing graduates for board certification and a career in radiation oncology. 

This Residency Program training includes the physics resident participating fully in the clinical routine while being supervised by experienced radiation oncology physicists.

Dosimetry, treatment planning, brachytherapy, radiation safety, multi-modality imaging, radiography and MR image guiding, particle therapy, specific procedures, and quality assurance are all covered in depth.

This residency provided training. The program prepares graduates for certification in the therapeutic medical physics specialty. (https://7ziphelp.com)

Graduates will also get enough clinical training, which should qualify them for employment as radiation oncology physicists., They benefit greatly from this high paying residency program.

State	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
New York	$70,880	$5,907	$1,363	$34.08
New Hampshire	$66,916	$5,576	$1,287	$32.17
Vermont	$65,928	$5,494	$1,268	$31.70
Arizona	$62,375	$5,198	$1,200	$29.99
New Jersey	$62,217	$5,185	$1,196	$29.91
Montana	$62,171	$5,181	$1,196	$29.89
Massachusetts	$62,017	$5,168	$1,193	$29.82
Wyoming	$61,865	$5,155	$1,190	$29.74
Hawaii	$61,219	$5,102	$1,177	$29.43
Nevada	$60,934	$5,078	$1,172	$29.30
Washington	$60,685	$5,057	$1,167	$29.18
Indiana	$60,011	$5,001	$1,154	$28.85
Tennessee	$59,710	$4,976	$1,148	$28.71
Connecticut	$59,648	$4,971	$1,147	$28.68
Minnesota	$59,117	$4,926	$1,137	$28.42
West Virginia	$59,105	$4,925	$1,137	$28.42
Rhode Island	$58,939	$4,912	$1,133	$28.34
Alaska	$58,639	$4,887	$1,128	$28.19
Pennsylvania	$58,524	$4,877	$1,125	$28.14
Oregon	$58,045	$4,837	$1,116	$27.91
North Dakota	$57,412	$4,784	$1,104	$27.60
Maryland	$56,603	$4,717	$1,089	$27.21
Wisconsin	$56,469	$4,706	$1,086	$27.15
Ohio	$55,782	$4,648	$1,073	$26.82
Virginia	$55,678	$4,640	$1,071	$26.77
California	$55,590	$4,632	$1,069	$26.73
Idaho	$54,954	$4,580	$1,057	$26.42
Iowa	$54,878	$4,573	$1,055	$26.38
Utah	$54,667	$4,556	$1,051	$26.28
South Dakota	$54,637	$4,553	$1,051	$26.27
Alabama	$54,596	$4,550	$1,050	$26.25
Nebraska	$54,395	$4,533	$1,046	$26.15
Delaware	$54,266	$4,522	$1,044	$26.09
New Mexico	$53,804	$4,484	$1,035	$25.87
Colorado	$53,219	$4,435	$1,023	$25.59
Florida	$53,149	$4,429	$1,022	$25.55
South Carolina	$53,052	$4,421	$1,020	$25.51
Kansas	$52,504	$4,375	$1,010	$25.24
Maine	$52,432	$4,369	$1,008	$25.21
Arkansas	$52,234	$4,353	$1,005	$25.11
Oklahoma	$51,312	$4,276	$987	$24.67
Mississippi	$51,185	$4,265	$984	$24.61
Michigan	$51,167	$4,264	$984	$24.60
Kentucky	$50,651	$4,221	$974	$24.35
Georgia	$49,439	$4,120	$951	$23.77
Illinois	$49,383	$4,115	$950	$23.74
Missouri	$48,996	$4,083	$942	$23.56
Texas	$48,540	$4,045	$933	$23.34
Louisiana	$47,296	$3,941	$910	$22.74
North Carolina	$44,620	$3,718	$858	$21.45

4 Family Medicine Residency

Family medicine doctors are educated to prevent, diagnose, and treat a wide range of illnesses in people of all ages. It is one of the highest paying residency programs in 2023.

It is a precise field that integrates a unique combination of biological, behavioral, and social sciences, despite its vast scope and practice. Family medicine is concerned with ongoing care within the framework of the family.

Family doctors use a wide variety of cognitive and procedural abilities and, when required, collaborate with other experts to coordinate treatment.

They are trained in surgery, psychiatry, internal medicine, obstetrics and gynecology, pediatrics, and geriatrics, among other specialties. 

Following completion of a family medicine residency training program, subspecialty/fellowship study in geriatric medicine and sports medicine is offered.

A minimum of three years of postgraduate education in an authorized training program is required for certification.

Residency In Internal Medicine Average Salary By State

Rank	State	Avg. Salary	Hourly Rate	Job Count
1	New Mexico	$74,925	$36.02	118
2	Hawaii	$115,522	$55.54	33
3	Oregon	$72,088	$34.66	219
4	New Hampshire	$68,846	$33.10	127
5	Nevada	$70,109	$33.71	95
6	Massachusetts	$70,450	$33.87	470
7	Maine	$66,230	$31.84	114
8	California	$76,616	$36.83	1,176
9	Connecticut	$68,795	$33.07	237
10	Vermont	$68,412	$32.89	36
11	North Dakota	$64,070	$30.80	50
12	Delaware	$71,038	$34.15	45
13	Arizona	$68,122	$32.75	267
14	New York	$70,001	$33.65	655
15	Mississippi	$73,875	$35.52	35
16	Louisiana	$66,318	$31.88	110
17	Wisconsin	$60,085	$28.89	326
18	New Jersey	$66,361	$31.90	373
19	Pennsylvania	$61,731	$29.68	460
20	Florida	$63,034	$30.30	683
21	Kansas	$60,492	$29.08	111
22	Arkansas	$64,101	$30.82	67
23	Utah	$64,536	$31.03	81
24	Georgia	$63,702	$30.63	329
25	Minnesota	$56,785	$27.30	342
26	Texas	$61,369	$29.50	742
27	South Carolina	$61,829	$29.73	154
28	Alabama	$62,489	$30.04	113
29	Ohio	$60,257	$28.97	276
30	Nebraska	$57,643	$27.71	80
31	Iowa	$56,218	$27.03	132
32	Wyoming	$58,831	$28.28	18
33	Idaho	$62,681	$30.14	36
34	Kentucky	$60,383	$29.03	95
35	Washington	$58,023	$27.90	361
36	Virginia	$63,078	$30.33	258
37	Illinois	$53,565	$25.75	626
38	South Dakota	$54,445	$26.18	35
39	North Carolina	$53,024	$25.49	489
40	Rhode Island	$58,058	$27.91	43
41	Indiana	$53,324	$25.64	271
42	Alaska	$49,875	$23.98	28
43	West Virginia	$56,636	$27.23	36
44	Maryland	$59,523	$28.62	199
45	Missouri	$54,006	$25.96	209
46	District of Columbia	$52,551	$25.26	66
47	Oklahoma	$51,751	$24.88	111
48	Tennessee	$54,894	$26.39	132
49	Colorado	$53,670	$25.80	198
50	Michigan	$50,037	$24.06	282
51	Montana	$46,448	$22.33	42

5 Internal Medicine Residency

Internal medicine is a broad-based specialty that encompasses the major organ systems of the body and is one of the highest paid residency programs in the world.

A general internist is a physician who treats adolescents, adults, and the elderly in both the office and the hospital, addressing both common and complicated problems.

Internists are experienced diagnosticians who diagnose and treat a wide range of acute and chronic diseases, as well as promote health and disease prevention.

They are also taught the fundamentals of basic care, which include illness prevention, wellness, substance misuse, mental health, and the effective treatment of common disorders of the eyes, ears, skin, nervous system, and reproductive organs. 

A minimum of three years of postgraduate education in an approved internal medicine residency training program is required. 

Training in a Subspecialty/Fellowship Following completion of an internal medicine residency training program, subspecialty/fellowship training is available in a variety of disciplines.

Cardiology, endocrinology, diabetes and metabolism, gastroenterology, hematology, infectious diseases, medical oncology, nephrology, pulmonary illness, and rheumatology are all certifiable subspecialties.

Qualification certifications in adolescent medicine, clinical cardiac electrophysiology, clinical and laboratory immunology, critical care medicine, geriatric medicine, and sports medicine can be earned.

Residency In Internal Medicine Average Salary By State

Rank	State	Avg. Salary	Hourly Rate	Job Count
1	New Mexico	$74,925	$36.02	118
2	Hawaii	$115,522	$55.54	33
3	Oregon	$72,088	$34.66	219
4	New Hampshire	$68,846	$33.10	127
5	Nevada	$70,109	$33.71	95
6	Massachusetts	$70,450	$33.87	470
7	Maine	$66,230	$31.84	114
8	California	$76,616	$36.83	1,176
9	Connecticut	$68,795	$33.07	237
10	Vermont	$68,412	$32.89	36
11	North Dakota	$64,070	$30.80	50
12	Delaware	$71,038	$34.15	45
13	Arizona	$68,122	$32.75	267
14	New York	$70,001	$33.65	655
15	Mississippi	$73,875	$35.52	35
16	Louisiana	$66,318	$31.88	110
17	Wisconsin	$60,085	$28.89	326
18	New Jersey	$66,361	$31.90	373
19	Pennsylvania	$61,731	$29.68	460
20	Florida	$63,034	$30.30	683
21	Kansas	$60,492	$29.08	111
22	Arkansas	$64,101	$30.82	67
23	Utah	$64,536	$31.03	81
24	Georgia	$63,702	$30.63	329
25	Minnesota	$56,785	$27.30	342
26	Texas	$61,369	$29.50	742
27	South Carolina	$61,829	$29.73	154
28	Alabama	$62,489	$30.04	113
29	Ohio	$60,257	$28.97	276
30	Nebraska	$57,643	$27.71	80
31	Iowa	$56,218	$27.03	132
32	Wyoming	$58,831	$28.28	18
33	Idaho	$62,681	$30.14	36
34	Kentucky	$60,383	$29.03	95
35	Washington	$58,023	$27.90	361
36	Virginia	$63,078	$30.33	258
37	Illinois	$53,565	$25.75	626
38	South Dakota	$54,445	$26.18	35
39	North Carolina	$53,024	$25.49	489
40	Rhode Island	$58,058	$27.91	43
41	Indiana	$53,324	$25.64	271
42	Alaska	$49,875	$23.98	28
43	West Virginia	$56,636	$27.23	36
44	Maryland	$59,523	$28.62	199
45	Missouri	$54,006	$25.96	209
46	District of Columbia	$52,551	$25.26	66
47	Oklahoma	$51,751	$24.88	111
48	Tennessee	$54,894	$26.39	132
49	Colorado	$53,670	$25.80	198
50	Michigan	$50,037	$24.06	282
51	Montana	$46,448	$22.33	42

6 Neurosurgery 

Neurosurgery is one of the highest-paid residency programs.

It is a medical specialty that specializes in the surgical and nonsurgical management, prevention, diagnosis, evaluation, treatment, critical care, and rehabilitation of disorders affecting the central, peripheral, and autonomic nervous systems, as well as their supporting structures and vascular supply, as well as the surgical and nonsurgical management of pain.

As a result, neurosurgery includes the modern treatment of disorders of the brain, meninges, skull, and their blood supply, including the extracranial, carotid, and vertebral arteries; pituitary gland disorders; spinal cord, meninges, and spine disorders; cranial and spinal nerve disorders throughout their distributions; and autonomic nervous system disorders. 

A minimum of six years of postgraduate study is required, including at least one year in a program recognized for the development of core clinical skills, as well as at least six months of structured educational experience in surgery other than neurosurgery.

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7. Invasive cardiology 

Cardiologists treat patients in the latter stages of heart failure and those in need of heart transplants.

They use blood flow, blood pressure, and other health markers to measure heart function and cardiovascular health. They use invasive techniques to detect and treat heart and peripheral vascular diseases.

Invasive cardiologists use catheterization and angioplasty procedures to detect if there is a blockage in blood arteries in the heart. 

Interventional cardiologists must undergo an additional year of training after completing a general internal medicine residency and a cardiovascular disease fellowship; this training is often completed immediately following a cardiovascular disease fellowship. 

They will spend an extra seven to eight years of training after graduating from medical school to specialize in invasive cardiology. They will also need to finish an internal medicine certification if they wish to become board-certified as a cardiologist.

8. Orthopedic surgery 

Orthopedic Surgery is one of the highest paid residency programs. It is a medical and surgical specialty that focuses on the research and prevention of musculoskeletal illnesses, disorders, and injuries, as well as their treatment by medicinal, surgical, and physical means. 

A minimum of 5 years of postgraduate education is required for training. 

Following completion of an orthopedic surgery residency program, subspecialty/fellowship training is available in adult reconstructive orthopedics, foot and ankle orthopedics, hand surgery, musculoskeletal oncology, orthopedic sports medicine, orthopedic spine surgery, orthopedic trauma, and pediatric orthopedics. 

9 Urology

A urologist is a doctor who diagnoses and treats urinary system problems. Patients who require treatment for bladder, urethra, ureters, kidneys, or adrenal gland problems are often referred to a urologist.

Female urology is concerned with the female reproductive systems and urinary tract diseases.

The urologist diagnoses and treats problems with the epididymis, penis, prostate, seminal vesicles, and testes in males.

To become a urologist, you must first get a four-year medical degree, followed by four years of specialized medical school study.

Urologist education, like those of other disciplines of medicine, is comprehensive.

It takes a total of 13 years of study and education, with board certification taking an additional two to five years. 

10 Dermatology

Dermatology is one of the highest paid residency programs with a broad field that includes illnesses and diseases of the skin, mucous membranes, hair, and nails, as well as a variety of sexually transmitted diseases.

Acne, warts, various inflammatory dermatomes, skin malignancies, autoimmune disorders, occupational dermatomes, and contact dermatitis are just a few of the ailments that dermatologists treat.

The treatment includes everything from conducting a wide range of surgical treatments (such as excisions, sclerotherapy, laser surgery, liposuction, hair transplants, and tissue augmentation therapies) to caring for normal skin, preventing skin illnesses, and malignancies, and treating photoaging skin.

 A minimum of four years of postgraduate education is required for training. A broad-based clinical year of training in an approved institution must be completed before entering a three-year dermatology residency program.

Four-year training curriculum must include a broad-based clinical experience in the first year, as well as three years of dermatological study in the second through fourth years.

Dermatopathology subspecialty/fellowship training is offered after finishing a dermatological residency training program; this specific qualification certification can be achieved after being certified in dermatology, pathology, or both and completing a year of training in dermatopathology.

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Conclusion

Residents are compensated according to their postgraduate year, not their specialty.

As a trainee, the longer the residency or extended fellowship, the more they are paid. If they work for the same company, a third-year medicine resident and a third-year neurosurgery resident get the same pay. They may have varied educational stipends, which can range from hundreds to thousands of dollars. 

Every resident at a particular hospital gets paid the same amount, with the only difference being their current year of training. This also applies to accredited fellows.

FAQs on Highest Paid Residency Programs

REFERENCES

• averagedoctor.com
• aafp.org
• mvorganizing.org
• ziprecruiter.com

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