PracticeMatch 2019 Physician Salary Survey was conducted in March 2019 in partnership with M3 Global Research. 2,010 physicians were surveyed.
2019 Physician Salary Survey
Practice Setting Trends
Of the over 2,000 physicians who participated in the survey, 87% were employed full time. Q2: "Which of the following best describes your current practice setting?"
Time in Current Profession
Respondents have been in the profession for > 15 years and ∼ 12 years in their current position. Q3: "How many years have you been in the profession?" Q4: "How many years have you been in your current position?" Q5: "What percent of your responsibilities include: direct patient care, admin, other?"
Age Spread
Of the over 2,000 physicians who participated in the survey, almost half are ages 30-49. Q16: "Which of the following categories best describes your age?"
Job Satisfaction
Job satisfaction was slightly higher than earnings satisfaction, males were more likely to be satisfied than females on both metrics, and 47% are very or extremely satisfied with their current position. Q6: "Overall, for your current position, how would you rate your job satisfaction?"
Compensation Ranges Overall
Almost 70% of surveyed individuals had a total compensation in the $100k to $300k range, and hospitals seemed to have slightly more higher-salaried respondents. Q9: "To the nearest $1,000, approximately how much did you earn last year, not including annual bonuses?"
2017 vs. 2018 Compensation Trends
Roughly one third of physicians earned more in 2018 than they did in 2017. Data from Q9 + Q10 compiled with last year's survey data
Trends in Bonuses
More than half of physicians are not receiving annual bonuses, with $20,000 being the median bonus for those who receive bonuses. Q10: "How much did you earn as an annual bonus last year?"
Sign-on Bonuses
25% received a sign-on bonus, with the median bonus being $15,000.Q12: "When you started in your current position, did you receive a sign-on bonus?"
Student Loans
28% of respondents had outstanding student loans, and only 9% were receiving loan assistance. Q13: "Did you have any student loans with an outstanding balance in 2018" Q14: "Did you receive student loan assistance in 2018?"
Career Fairs
Almost 70% of physicians who attended a career fair found it to be helpful or somewhat helpful, and 70% of those who attended went to a live career fair. Q19b: "Did you attend career fairs in 2018?" Q19c: "Were the career fairs live or virtual?" Q19d: "How would you rate the career fairs?"
Email Recruitment
Email is the preferred method of recruitment for most physicians, but office physicians were more likely to prefer not beng recruited compared to hospital physicians.
