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If you’ve ever spent your morning commute daydreaming about starting afresh with your career, this feature is for you. Each Monday, the Money blog speaks to someone from a different profession to discover what it’s really like. This week we chat to consultant child and adolescent psychiatrist at Berkshire Healthcare NHS Trust, Dr Guy Northover…
The pay is good, but the career path is a long one… After five or six years at medical school, you are usually earning about £36,000. This salary goes up as you progress through the resident doctor stages to £70,000 – it takes a minimum of eight years. Once you become a consultant, the salary increases again, and for a full-time consultant child and adolescent psychiatrist, you can expect to earn between £105,000 and £140,000 depending on experience.
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A great advantage of working in the NHS is that you get a really good pension… through a Career Average Revalued Earnings (CARE) scheme. This means that for each year of membership, a fraction of your pensionable earnings is added to your pension pot and then revalued annually until you retire. Contributions are tiered, starting at 5.5%; however, I contribute 12.5% of my salary to this pension, and my employer adds a further 22%.
Children and their families can be affected by money worries… Parents often need to stay at home to look after their children, taking them to appointments, which can require a lot of travel time and cost, while also taking a step back from work so that they can do this. Young people on the road to recovery won’t just need therapy or medication but also opportunities to engage with society through clubs, the gym and meeting friends which all ends up costing money as well.
My job does make me cry… I think that every child and adolescent psychiatrist will find themselves struggling with the emotions that arise out of supporting very unwell young people. Fortunately, this is well recognised, and in my…
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