In the increasingly competitive and demanding job market, one of the many factors that can determine an individual’s success is the salary that their job provides. For those interested in becoming a neurological physical therapist, this article will explore the salary that can be expected from such a career. Through researching the current landscape and job market for neurological physical therapists, we will examine the various factors that influence the salary of this career and how a potential therapist can maximize their earning potential.
Salary of a Neurological Physical therapist:
The average salary of a neurological physical therapist in America is a whopping amount of $150,000. The lowest mark salary is around $30,000 per year, and the highest is $300,000. The range of salary will vary on things like location, experience, education, etc. Simply put there is no single number for the salary to talk about.
Description of salary rate:
A neurological physical therapist works around 8 to 10 hours a day and on average 5 days a week. Though this number can go up and you might need to work 6 days to a whole week including weekends, it is very rare. So, I will count the rates according to the average working time of 8 hours a day, 5 days a week.
If we talk about the lowest salary of $30,000 per year then we get an hourly wage rate of $11.16, a daily rate of $89.28, a weekly rate of $625, and a monthly salary rate of $2,500. Talking about the average salary of $150,000 per year we get an hourly wage rate of $55.80, a daily rate of $446.40, a weekly rate of $3,125, and a monthly salary of $12,500. Last but not least talking about the highest salary rate of $300,000 per year, we get an hourly wage rate of $111.60, a daily rate of $892.85, a weekly rate of $6,250, and a monthly rate of $25,000.
Bonuses and benefits a neurological physical therapist gets:
- Medical and dental insurance: Employees are offered affordable insurance packages. These insurance packages can cover from 52% to 80% of the total cost of any medical, or dental treatment of the employee, and his family member depending on the total cost and company policies.
- Life insurance: The employers provide life insurance at a low cost. By life insurance, an employee can get a really good return by just putting down a small amount in intervals accordingly.
- Retirement plans: To the staff, the company avails retirement plans. Plans may include traditional pension plans, 401(k) plans, 403(b) plans, and Roth IRAs. The therapist should speak to their employer to find out the exact retirement plans that are provided.
- Paid time off: Depending on the work agreement with the company the worker can get from 10 to 20 days of time to get paid off work every year. This time can be taken to simply take a rest or go on vacation.
- Continuing professional education: There is no denial of continuing education while working. As an employee, a worker can get full support for getting higher education with some financial support sometimes depending on the employer.
- Licensing fee reimbursement: Some companies may offer financial support to get a professional license. How much they will give will depend on the cost of the type of job, the cost of the license, and company agreements.
- Sick leave: Every year employees get 10 days off of work with pay due to reasons caused by sickness.
- Bonus structure: In this field, the bonus structure is well-defined. More education, experience, and certification will get you more payment. Each year of experience, each degree, each certificate, and in the end the total productive job done will increase your salary significantly. All the hard work for years will get paid in this profession.
- Reimbursement for professional memberships: Reimbursement for professional memberships is when an employer compensates an employee for the cost of joining a professional organization or association. This compensation is typically in the form of a check or other form of payment. Simply meaning the firm is going to pay you for a period for you to get familiar with the workspace and its work system.
- Competitive salary: Competitive salary is one of the best benefits of this job. Competitive salary means a salary that is according to market value and good compared to others. Getting the best possible salary is convenient.
Factors deciding the salary of a neurological physical therapist:
- Education level: Neurological physical therapists require specialized training and qualifications, so the higher their education level, the higher their salary.
- Location: Physical therapists generally earn more in larger cities or regions with higher costs of living.
- Experience: The longer a physical therapist has been practicing, the higher their salary. Each year of experience will add up to 8%-10% of the rookie’s salary. So, it can be said that experience will be a great factor in deciding the salary.
- Specialization: Those who specialize in areas such as stroke recovery or traumatic brain injury tend to make higher salaries due to the increased demand for their skills and services.
- Credentials: Professionals with certifications, such as certified neurological physical therapists (CNPT), tend to make more than those without.
- Employer: Some employers, such as hospitals or private practice clinics, may offer higher pay than other employers in the same market.
- Professional reputation: Those with established reputations in the field may command higher salaries than those just starting out.
- Position: Position determines what level of salary in a firm an individual will earn. If you have entered the firm as a simple therapist then you will get a low income compared to the position a manager or executive gets.
Things a neurological physical therapist can do to increase his salary:
- Education Credits: Continuing education courses and credits are an important criterion for salary advancement and getting a higher salary.
- Pursue Advanced Certifications: Pursuing advanced certification in the field or specialty serves to increase pay, as well as open up new career opportunities.
- Opportunities to Lead: Taking charge of a project or program in the organization can be an important factor in getting higher pay.
- Network: Networking with other professionals in the field can be an important factor in obtaining a higher salary.
- Professional Resources: Furthermore, leveraging resources such as professional associations and journals can lead to new knowledge and increased qualifications.
- Negotiate: Negotiating for better pay and benefits is an important factor for salary advancement. Be sure to have a clear understanding of your skills and value before negotiating.
- Challenging Assignments: Taking on challenging positions within the organization or developing new skills can be an important way to increase salary. Taking on more responsibility and gaining more experience can mean more pay.
Conclusion:
In conclusion, the average salary of a neurological physical therapist is $150,000 per year. The overall salary can vary depending on the education level, experience, location, and other factors. The lowest salary is $30,000 with some areas paying higher than others and those with more experience and higher education have the potential to make close to $300,000. The job outlook for neurological physical therapists is quite positive, with the profession expected to see around 18% growth in the next decade.
