PracticeMatch 2018 Physician Salary Survey
PracticeMatch is now conducting a physician compensation survey on an annual basis to report trends in salary, sign-on bonuses, and job satisfaction by specialty.
2018 Average Psychiatrist Salary & Additional Survey Findings
Psychiatrists participating in the 2nd annual PracticeMatch Physician Salary Survey reported an average income of $253,820, which is competitive by most industry benchmarks. However, psychiatry income data was not collected by PracticeMatch last year for comparison.
A few additional survey findings
Only one-third (37%) of physicians reported earning more in 2017 than they did in 2016. One-fourth of respondents reported receiving a signing bonus when they accepted their current job, with the average signing bonus being $15,000.
A larger proportion of respondents reported proactively contacting a physician recruiter at least once this year (60%), compared to about 44% the previous year.