Top 10 Specialties Ranked by Annual Compensation
If you’re looking for salary information for different specialties, PracticeMatch has it all right here for you. The following information was collected between October 5, 2021 and January 19, 2022. The data you will find below is being compared to data that was collected between October 5, 2020 and February 11, 2021. The numbers in the report reflect salary, bonus and profit-sharing contributions for employed physicians. Only full-time salaries are included, and percentages have been rounded to the nearest whole number. This report has been created using responses from 13,000 physicians across 29 specialties between October 5, 2021 and January 19, 2022.
Plastic Surgery: $576,000 (up 10% from previous data)
Orthopedics: $557,000 (up 9% from previous data)
Cardiology: $490,000 (up 7% from previous data)
Otolaryngology: $469,000 (up 12% from previous data)
Urology: $461,000 (up 8% from previous data)
Gastroenterology: $453,000 (up 12% from previous data)
Dermatology: $438,000 (up 11% from previous data)
Radiology: $437,000 (up 6% from previous data)
Ophthalmology: $417,000 (up 10% from previous data)
Oncology: $411,000 (up 2% from previous data)
Physician compensation is seeing an increase as the demand for physicians is higher now than it has been in awhile. There was a 30% decrease in client physician recruiting engagements year over year, starting in 2020, but physician recruitment engagements hit an all-time high in the fourth quarter of 2021.
According to Medscape’s 2022 Physician Compensation Report, primary care physicians earn an average annual compensation of $260,000 while specialists earn an average of $368,000.
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