Whether it’s a locum psychiatrist or a regular one, the profession landed as one of the highest paying jobs in the U.S. for 2017, according to U.S. News & World Report’s list.
The list also named jobs in the healthcare sector as among the best industries in the country. It showed healthcare jobs accounted for 22 of the top 25 and 52 of the 100 best jobs.
In terms of salaries, psychiatrists in the U.S. earn a median salary worth $187,200 that is the seventh highest-paid job nationwide. With a 1.2% jobless rate and 4,200 projected jobs for 2017, the profession is a lucrative choice.
Other top-paying jobs in the healthcare sector included an anesthesiologist, orthodontist and a general surgeon. An increasing need for medical services and the population’s longer lifespan serve as the reasons behind the industry’s growth. Interim Physicians notes that this somehow prompted the industry to make certain changes on how they provide services, as the increasing demand has led doctors to think of other ways for providing service.
Physicians still play a major role in the field, but most hospitals have now delegated work to physician extenders, including nurse practitioners or physician assistants. The increasing costs of healthcare and the impact of managed care have caused evolving roles in the sector.
While doctors may have enviable salaries, there are certain drawbacks. A physician, for instance, faces high levels of stress. Physician burnout is also a growing concern within the industry, according to Karen Reivich, director of Resilience and Positive Psychology Training Programs for the Positive Psychology Center.
Several healthcare jobs provide anyone with attractive compensation, yet there are more factors to consider aside from money for job satisfaction. A high salary may be a good feature for a profession, but work-life balance and low workplace stress are just as equally important.