What?s up doc? salaries, perks
Compared to the salaries paid by the All India Institute of Medical Sciences (AIIMS), the private sector salaries look extremely attractive.india Updated: Apr 06, 2006 02:37 IST
Super-speciality doctors are in demand. Corporatised hospitals as well as knowledge process outsourcing units are hunting for doctors and are employing search firms to look for them. And as a result the salaries are perks are also rising.
A young doctor entering the profession after completing his super-speciality studies commands around Rs 80,000-Rs 1 lakh a month as a fixed salary along with a variable component.
Senior doctors with substantial patient-pull easily command upwards of Rs 2.5 lakh a month with a variable component that can be as much or even more than the fixed amount.
Compared to the salaries paid by the All India Institute of Medical Sciences (AIIMS), the private sector salaries look extremely attractive. The entry-level salary at the AIIMS for a super-speciality doctors would be around Rs 25,000 per month, while a senior who can command a salary Rs 2.5 lakh in the private sector would earn around Rs 45,000 per month along with a housing facility.
K. Sudarshan, Managing Director of EMA Partners a global search firm says that he company has been receiving mandates for searching for super-speciality doctors over the last six months.
“Obviously, the tried and trusted method of word-of-mouth is not enough, specially when there are so many corporatised hospitals and KPOs,” he says.
An AIIMS doctor recently left with a package exceeding Rs1 crore with a private sector company. Sudarshan said, “Senior doctors who are established names in their field and are a brand name on their own can easily command such a salary.”
KPOs like Quintils, Aventis and Altana have started up in India. These organisations work on clinical trials and need to have electro-cardiograms constantly on monitored. This job is outsourced to India. Quintils, for example, has a team of 25-30 cardiologists who are looking at ECGs for six hours a day and are writing reports on them.
Sudarshan says, “These doctors can earn anything between Rs 12 lakh to Rs 24 lakh a year for a fixed period of six to seven hours. The earning depends on their level of current practice. They are also free to practice outside these hours.”