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5 Highest Paying Specializations for Doctors

Curious which areas of medicine on average make the most money? Below you will find the top paying specializations for doctors according to a 2015 Forbes study conducted between April 2014 and March 2015 in association with Merritt Hawkins & Associates. This information is presented as estimated salaries of each specialization.

1. Cardiology (invasive)
Average: $525,000

Cardiologists are in demand with heart failure still a major threat to the majority of people in the United States. Invasive cardiology consists of skilled surgeons conducting emergent angioplasties, electrophysiology studies, permanent pacemaker insertions and cardioversions. These surgeries can occur at any time as well, with the average cardiologist working a 56-hour week on-call and in the office.

2. Orthopedic Surgeon
Average: $497,000

The procedures that these doctors are typically involved in include conditions involving the musculoskeletal system. Injuries typically occur after unfortunate sports injuries or could be caused by degenerative diseases. This year, orthopedic surgery was top choice for recent medical school graduates being matched with their new residency programs. Be prepared, orthopedic surgeons need to possess a high scholastic aptitude, mechanical ability and 3-D visualization skills.

3. Gastroenterology
Average: $455,000

A gastroenterologist specializes in the esophagus, stomach, intestine and liver. Often, graduating medical students choose this profession for the combined ability to perform surgeries and also practice medical specialties. This makes for a great mix of cognitive and manual skills used on a daily basis.

4. Urology
Average: $412,000

Urology is known for its advancement in minimally invasive surgeries and is a top choice for medical students to be at the forefront of these surgical technologies. An urologist can branch into many subspecialties that focus on the treatment of specific medical diseases of the male and female urinary tracts and the male reproductive organs.

5. Dermatology
Average: $398,000

Specializing in all things related to the skin and outer layers of the body, a dermatologist performs several minimally invasive procedures such as skin biopsies and local anesthesia as well as more advanced procedures such as cryosurgery and electrosurgery. A dermatologist may also treat conditions of the nails, hair, and mucous membranes. Common treatments include tests for skin cancer, cosmetic procedures, and treatment for various skin disorders such as acne, fungal infections, dermatitis or psoriasis.