How much MONEY I EARN as a Doctor in the UK | How much MONEY do Junior Doctors make?

Doctor-Nosa

How much MONEY I EARN as a Doctor in the UK | How much MONEY do Junior Doctors make? by Doctor-Nosa

The YouTuber, Dr. Nosa, explains that doctors in the UK don't always make a lot of money and that there are many factors to consider, such as location, rotation, and doing extra shifts. While low-com jobs pay more, some doctors prefer the security of a full-time job. The speaker notes that General Practitioners (GPs) can earn a lot of money by running their practices like a business, while Hospital Consultants may earn extra from private work but have to manage the risk of not having enough patients. The speaker cautions against going into medicine solely for the money and emphasizes the importance of enjoying the work while working smartly.

00:00:00

In this section, Dr. Nosa discusses how much doctors in the UK earn and how much they take home after tax. She explains that there is a misperception that doctors make a lot of money, which is true if they do a lot of private work, but false if they solely rely on their NHS salary. She gives several points to consider, such as an extra £2,000 a year for doctors working in London, assuming full-time work, and paying off student loans, which decreases the monthly salary. Dr. Nosa also explains how locum work, or picking up extra shifts due to staff shortages, can boost a doctor's salary. She provides an example of an ST1 doctor earning £45 per hour, which translates to £5,000 per month after tax for a full-time locum position.

00:05:00

In this section, the youtuber explains the difference in pay for doctors depending on which rotation they are in, whether they do locums or not and if they work full-time or part-time. She notes that while low-com jobs pay more, some doctors may prefer the security of having a full-time job that pays a guaranteed amount each month, rather than waiting around for shifts. For example, an F1 doctor in the UK can expect to take home around £2,100 a month after tax, which varies according to rotation. Meanwhile, an F2 doctor will earn on average £2,400 a month, while an ST1/IMT1 doctor will earn just under £3,000 a month, which can increase significantly with locum work that can pay around £70-80 an hour. Finally, consultants can expect an average salary, with some earning as much as £115,000 a month.

00:10:00

In this section, the speaker discusses how much money General Practitioners (GPs) and Hospital Consultants can earn in the UK. The speaker notes that some GPs can take home a lot of money by running their practices like a business and sharing profits with partners. However, this is not the norm for most GPs, and they have to work hard to make a lot of money. Hospital Consultants can also make money through private work but have to take on the risk that they may not have enough patients seeking their services. The speaker cautions viewers not to go into medicine just for the money and emphasizes that it's important to enjoy the work while also working smartly.

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