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 Medical specialist salary in Malaysia, How much do specialists earn in private

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wild_card_my
post Jan 26 2020, 03:28 PM

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I have a good number of clients who are medical specialists. They start from RM40k a month and up
TSsean15 P
post Jan 27 2020, 04:14 AM

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QUOTE(pgsiemkia @ Jan 26 2020, 02:51 PM)
Never pay tax can la...ask hospital to underpay then balance send to own consultation. My friend specialist OBYGN told me that. But 300k a month is over stated, 100-150k a month gross maybe, its the profit sharing end of year and bonus can earn you 500k-2m depending on jow high and femes you are. Another friend in a specialist center near St Georges school is a prof and dato also gets high profit sharing but monthly less than 200k. Perks are better if you are consultant specialists and above.
IRB going after these surgeons anyway..
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This is actually quite shocking to hear. I thought that specialists in private are undercutting each other and its a stiff competition. But getting rm150k a month is crazy amount of money! So whats the reality out there?
TSsean15 P
post Jan 27 2020, 04:16 AM

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QUOTE(wild_card_my @ Jan 26 2020, 03:28 PM)
I have a good number of clients who are medical specialists. They start from RM40k a month and up
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Hi there. Care to share the industry you in and how are you aware of the salary of medical specialists in the private sector? Its good to know so that everyone is informed. Thanks a lot!
TSsean15 P
post Jan 27 2020, 04:17 AM

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QUOTE(ikankering @ Jan 26 2020, 12:10 PM)
great. meaning malaysian income now rm 100k a month?

because malaysian use generalization to think.
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What do you mean by that? Seems like many posts in this thread validates the perception of the majority that these medical specialists are raking in the moolah in the private sector!
wild_card_my
post Jan 27 2020, 04:28 AM

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QUOTE(sean15 @ Jan 27 2020, 04:16 AM)
Hi there. Care to share the industry you in and how are you aware of the salary of medical specialists in the private sector? Its good to know so that everyone is informed. Thanks a lot!
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You can start here: I am a service provider in the finance industry, so I get to see people's financial details

Medical specialists really start with RM40k in the private industries; but they are akin to running a business within the hospital, so their income can fluctuate quite a bit. Currently I am doing a service for a specialist, she earns about RM20k plus in her first month in the private sector after about 15 years in the public sector, and hey highest in come so far is RM60k.

QUOTE(sean15 @ Jan 27 2020, 04:17 AM)
What do you mean by that? Seems like many posts in this thread validates the perception of the majority that these medical specialists are raking in the moolah in the private sector!
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You are right, medical specialists really do make money. Those who do not have first-hand knowledge/experience should not talk nonsense they do not know about; I am at the forfront of people's finances, I know more about my clients' finances than their own spouses laugh.gif

This post has been edited by wild_card_my: Jan 27 2020, 04:37 AM
ladytarot99
post Jan 27 2020, 04:52 AM

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My Brother inlaw Cardiac Surgeon +-RM280K/month, My sis in law Family Physician RM 12k/month.
SUSTheBornLoser
post Jan 27 2020, 05:05 AM

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QUOTE(ladytarot99 @ Jan 27 2020, 04:52 AM)
My Brother inlaw Cardiac Surgeon +-RM280K/month, My sis in law Family Physician RM 12k/month.
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I think even Doc himself can share some light on this, though he is a Singaporean surgeon and his compensation is probably among best in the world let alone best in Malaysia - Singapore....
TSsean15 P
post Jan 27 2020, 04:50 PM

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QUOTE(wild_card_my @ Jan 27 2020, 04:28 AM)
You can start here: I am a service provider in the finance industry, so I get to see people's financial details

Medical specialists really start with RM40k in the private industries; but they are akin to running a business within the hospital, so their income can fluctuate quite a bit. Currently I am doing a service for a specialist, she earns about RM20k plus in her first month in the private sector after about 15 years in the public sector, and hey highest in come so far is RM60k.
You are right, medical specialists really do make money. Those who do not have first-hand knowledge/experience should not talk nonsense they do not know about; I am at the forfront of people's finances, I know more about my clients' finances than their own spouses laugh.gif
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That was very informative! Thx for the insight. But do all medical specialists earn that amount though in the private sector? I know they do make money but what is the average? With your experience I'm sure you would be able to give us some insight smile.gif Yes I am aware that it's on a profit sharing model with the hospitals, and they do not get paid a salary.

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post Jan 27 2020, 04:52 PM

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QUOTE(ladytarot99 @ Jan 27 2020, 04:52 AM)
My Brother inlaw Cardiac Surgeon +-RM280K/month, My sis in law Family Physician RM 12k/month.
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Rm280k a month??? That's alot! Are you sure they earn that amount? What does it take to make that amount in a month?
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post Jan 27 2020, 04:53 PM

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QUOTE(Asgaard @ Jan 26 2020, 03:01 PM)
100k+average in private hospital per month
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Any source for your info? Thanks smile.gif
aral3005
post Jan 27 2020, 04:58 PM

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kkk8787
post Jan 27 2020, 05:01 PM

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QUOTE(wild_card_my @ Jan 27 2020, 04:28 AM)
You can start here: I am a service provider in the finance industry, so I get to see people's financial details

Medical specialists really start with RM40k in the private industries; but they are akin to running a business within the hospital, so their income can fluctuate quite a bit. Currently I am doing a service for a specialist, she earns about RM20k plus in her first month in the private sector after about 15 years in the public sector, and hey highest in come so far is RM60k.
You are right, medical specialists really do make money. Those who do not have first-hand knowledge/experience should not talk nonsense they do not know about; I am at the forfront of people's finances, I know more about my clients' finances than their own spouses laugh.gif
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Depends, the physicians such as medical specialists like u said are very slowly paid. As they dont do procedures.
Whereas surgeons , orthopedics are well paid. On average 1.5m annual. But of course the training they went through is totally different between a surgeon and physician
itik_emas
post Jan 27 2020, 05:05 PM

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surgical based.maybe starts at 50k
medical based maybe 30k
depend on nego:split with hospital
i know somebody who requested minimal staff (nurses) so he can have staff salary also
Wedchar2912
post Jan 27 2020, 05:35 PM

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QUOTE(wild_card_my @ Jan 26 2020, 03:28 PM)
I have a good number of clients who are medical specialists. They start from RM40k a month and up
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May I ask... whats the average age of these medical specialists and if there is data, at what age generally do they start earning these RM 40K pm salary.

Based on the stats released by BN and PH gov over the years, there are ballpark only 5K persons earning above RM 1 million, and of which around 2K persons earning above RM 2 million.

I always thought the CEOs and c-suites of top firms in Malaysia and MNCs are the ones earning above RM 2 million above.

wild_card_my
post Jan 27 2020, 05:36 PM

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QUOTE(kkk8787 @ Jan 27 2020, 05:01 PM)
Depends, the physicians such as medical specialists like u said are very slowly paid. As they dont do procedures.
Whereas surgeons , orthopedics are well paid. On average 1.5m annual. But of course the training they went through is totally different between a surgeon and physician
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Thanks for sharing. You are right, and I was surprised the person I was talking about only had a "masters".

Are there two pathways to specialization? Masters of medicine and.... Surgeon training? How does a doctor get to become a surgeon?
wild_card_my
post Jan 27 2020, 05:39 PM

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QUOTE(Wedchar2912 @ Jan 27 2020, 05:35 PM)
May I ask... whats the average age of these medical specialists and if there is data, at what age generally do they start earning these RM 40K pm salary.

Based on the stats released by BN and PH gov over the years, there are ballpark only 5K persons earning above RM 1 million, and of which around 2K persons earning above RM 2 million.

I always thought the CEOs and c-suites of top firms in Malaysia and MNCs are the ones earning above RM 2 million above.
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Average age, please dont ask me because I only have a handful of medical specialists that have engaged my services, I would not be able to give an accurate figure

But none of them are below the age of 40. I think that is the time when they would have completed their contract with the government. That specialist I was talking about was approached by the hospital (head hunted) to join them. She was contemplating for a while because she was considering her pension issues (not just the money, but the first class facilities her family would be afforded to)


viole
post Jan 27 2020, 05:42 PM

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QUOTE(wild_card_my @ Jan 27 2020, 04:28 AM)
You can start here: I am a service provider in the finance industry, so I get to see people's financial details

Medical specialists really start with RM40k in the private industries; but they are akin to running a business within the hospital, so their income can fluctuate quite a bit. Currently I am doing a service for a specialist, she earns about RM20k plus in her first month in the private sector after about 15 years in the public sector, and hey highest in come so far is RM60k.
You are right, medical specialists really do make money. Those who do not have first-hand knowledge/experience should not talk nonsense they do not know about; I am at the forfront of people's finances, I know more about my clients' finances than their own spouses laugh.gif
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What about gov MO and at what years they can get 5 figures?

wild_card_my
post Jan 27 2020, 05:46 PM

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QUOTE(viole @ Jan 27 2020, 05:42 PM)
What about gov MO and at what years they can get 5 figures?
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MO lambat naik la, you need to go through the same politic-at-work process to get promotion. Waste time continue become MO unless you are vying for masters spot in the university

If you want 5-figures as a GP, quit MoH and apply for work at Alam Medic or similar private clinics. RM10k starting salary plus locum some more. That's 5-figures for you

This post has been edited by wild_card_my: Jan 27 2020, 05:47 PM
ladytarot99
post Jan 27 2020, 05:47 PM

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QUOTE(sean15 @ Jan 27 2020, 04:52 PM)
Rm280k a month??? That's alot! Are you sure they earn that amount? What does it take to make that amount in a month?
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With the stress, training, headache and s*cks time management? RM280K is not a lot, can make more than that overseas I bet. Well, he just told me,never show me his bank account tho, however i have no reason to doubt him. He has properties everywhere, wife kids all lives comfortably, got d*t*ksri title, own few nice cars, and always gives minimum RM20k hongbao to my son every CNY. i remember he manages +-3 surgeries on daily basis.

I think even hksgmy make roughly $200k/month before tax, is that correct doc?

Of course you are not jumping out of university and get paid that amount.. you have to build your career + skill first.
viole
post Jan 27 2020, 05:47 PM

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QUOTE(wild_card_my @ Jan 27 2020, 05:46 PM)
MO lambat naik la. Waste time continue become MO unless you are vying for masters spot in the university

U want 5 figures as a GP quit and work at Alam Medic. RM10k starting salary plus locum some more. That's 5-figures for you
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Then being doc is like late bloomer group. Have to fill in years and schools time before getting that nice paycheck.

I guess pilot is still the best job to rake in money quick yeh?

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