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What is the income of physicians?

Home General Investing What is the income of physicians?

  • Avatar benign_user 
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    Status: Physician
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    Joined: 01/14/2016

    Does anyone know what the 25%, 50%, 75% income percentiles are for physicians?

    #223048 Reply
    CordMcNally CordMcNally 
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    Status: Physician
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    What kind of physicians? So much goes into it such as locations, specialty, etc. There’s a lot of variation within the same specialty not to mention physicians as a whole. You can always look at Medscape surveys but I don’t think they tell the whole story.

    “But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.”
    ― Benjamin Graham, The Intelligent Investor

    #223049 Reply
    Avatar Peds 
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    Status: Physician
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    Joined: 01/08/2016

    no.

    Avatar StarTrekDoc 
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    Status: Physician
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    Joined: 01/15/2017

    Medscape, AAMC, MGMA are three largest surveys out there.  Ironically medscape probably has more accurate data than the other two industry standards due to # of responses, which is sad to say.

     

    #223080 Reply
    White.Beard.Doc White.Beard.Doc 
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    Status: Physician
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    Joined: 02/06/2016

    A reasonable guess based on the salary surveys out there, likely typical annual physician salaries:

     

    25th percentile: perhaps $250,000 (typical for many docs in Peds, Family Medicine, Internal Medicine)

    50 percentile: perhaps $320,000 (typical for many docs in Emergency Medicine, OB, General Surgery)

    75 percentile: perhaps $400,000 (typical for some in Urology, GI, Anesthesia, but likely with increasingly large variability in salaries for the higher paying specialties)

     

    And then you have the orthopedic surgeons and plastic surgeons to the stars, $1,000,000 or more, along with those psychiatrists who get paid to cover 24 hour call for emergencies at 5 different hospitals simultaneously.

    #223083 Reply
    Craigy Craigy 
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    #223084 Reply
    Liked by Tim
    Avatar benign_user 
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    Status: Physician
    Posts: 180
    Joined: 01/14/2016

     

    Lol I didn’t ask for the income of physicists, I asked for the income of physicians.

    #223357 Reply
    Liked by Craigy, Tim
    Avatar benign_user 
    Participant
    Status: Physician
    Posts: 180
    Joined: 01/14/2016

    A reasonable guess based on the salary surveys out there, likely typical annual physician salaries:

     

    25th percentile: perhaps $250,000 (typical for many docs in Peds, Family Medicine, Internal Medicine)

    50 percentile: perhaps $320,000 (typical for many docs in Emergency Medicine, OB, General Surgery)

    75 percentile: perhaps $400,000 (typical for some in Urology, GI, Anesthesia, but likely with increasingly large variability in salaries for the higher paying specialties)

     

    And then you have the orthopedic surgeons and plastic surgeons to the stars, $1,000,000 or more, along with those psychiatrists who get paid to cover 24 hour call for emergencies at 5 different hospitals simultaneously.

    Click to expand…

     

    These numbers seem awfully low to me. I  know almost no physician making 250K and most I know are making > 400K. I am in private practice though so this might skew the numbers higher.

    #223359 Reply
    Lordosis Lordosis 
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    Status: Physician
    Posts: 2222
    Joined: 02/11/2019

    A reasonable guess based on the salary surveys out there, likely typical annual physician salaries:

     

    25th percentile: perhaps $250,000 (typical for many docs in Peds, Family Medicine, Internal Medicine)

    50 percentile: perhaps $320,000 (typical for many docs in Emergency Medicine, OB, General Surgery)

    75 percentile: perhaps $400,000 (typical for some in Urology, GI, Anesthesia, but likely with increasingly large variability in salaries for the higher paying specialties)

     

    And then you have the orthopedic surgeons and plastic surgeons to the stars, $1,000,000 or more, along with those psychiatrists who get paid to cover 24 hour call for emergencies at 5 different hospitals simultaneously.

    Click to expand…

     

    These numbers seem awfully low to me. I  know almost no physician making 250K and most I know are making > 400K. I am in private practice though so this might skew the numbers higher.

    Click to expand…

    I was going to say that seems high to me.  In primary care it is possible to get to the upper 200K to the low 300K range but you need to bust it.   I still see a lot of low 200K physicians.  Last I looked the average for primary care was 225K.  That is salary not total compensation. Benefits, etc.

    “Never let your sense of morals prevent you from doing what is right.”

    #223367 Reply
    Avatar Tim 
    Participant
    Status: Accountant
    Posts: 3380
    Joined: 09/18/2018

    Yes it’s a shell game. Self reported to whom and what is included? Base salary or is call pay and incentives or benefits included? Job title ? How many attendings listed as instructors, associate or assistant professors?
    Compensation for provider services or what else is added. Forget about w-2 vs 1099 vs self employed or partnerships. Pick your poison let alone try to average it.
    Medscape this year switched to “adjusted averages” based on the self reported data. BLS, MGMA, AMGA, Sullivan-Cotter all depend incomplete data at best.

    For example, here is Texas public data.
    https://salaries.texastribune.org/search/
    It takes some playing with but eventually you can find doctors. No matter which of the three shells you pick, it’s like a box of chocolates, not sure what’s inside.
    Good luck in your scavenger hunt.

    #223369 Reply
    Avatar jhwkr542 
    Participant
    Status: Physician
    Posts: 1339
    Joined: 02/15/2016

    A reasonable guess based on the salary surveys out there, likely typical annual physician salaries:

     

    25th percentile: perhaps $250,000 (typical for many docs in Peds, Family Medicine, Internal Medicine)

    50 percentile: perhaps $320,000 (typical for many docs in Emergency Medicine, OB, General Surgery)

    75 percentile: perhaps $400,000 (typical for some in Urology, GI, Anesthesia, but likely with increasingly large variability in salaries for the higher paying specialties)

     

    And then you have the orthopedic surgeons and plastic surgeons to the stars, $1,000,000 or more, along with those psychiatrists who get paid to cover 24 hour call for emergencies at 5 different hospitals simultaneously.

    Click to expand…

     

    These numbers seem awfully low to me. I  know almost no physician making 250K and most I know are making > 400K. I am in private practice though so this might skew the numbers higher.

    Click to expand…

    I’m married to one. It’s much much lower than $250k.

    #223405 Reply
    Avatar benign_user 
    Participant
    Status: Physician
    Posts: 180
    Joined: 01/14/2016

    Does he/she work part time?

    #223418 Reply
    Avatar GoBlueMD 
    Participant
    Status: Physician
    Posts: 82
    Joined: 05/27/2017

    @OP, sounds like you need to purchase MGMA to find your heart’s desires. Also not sure why it matters since you are a presumably a physician. You should be focused on your specialty’s compensation and how you can maximize it. Unless, you are thinking of ditching it and specializing in something else. Like everyone says, median probably 300k with range of 80k (ivory tower academic peds heme onc) to 1M+ (ortho/neuro/plastics/MOHs surg with ancillary income).

    #223423 Reply
    Hank Hank 
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    Not to pile on the original poster, but what results did you find when you initially researched physician compensation?

    #223424 Reply
    Avatar benign_user 
    Participant
    Status: Physician
    Posts: 180
    Joined: 01/14/2016

    @OP, sounds like you need to purchase MGMA to find your heart’s desires. Also not sure why it matters since you are a presumably a physician. You should be focused on your specialty’s compensation and how you can maximize it. Unless, you are thinking of ditching it and specializing in something else. Like everyone says, median probably 300k with range of 80k (ivory tower academic peds heme onc) to 1M+ (ortho/neuro/plastics/MOHs surg with ancillary income).

    Click to expand…

    I’m more interested in the global median and SD are for physicians in the United States. This is purely for curiosity as I am interested in the financial aspects of being a physician. Also I know my specialties medians and SDs so that wouldn’t answer my question.

    Not to pile on the original poster, but what results did you find when you initially researched physician compensation?

    Click to expand…

    I didn’t do any research outside of posting on this thread.

    #223431 Reply

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