Question:

How do I assess my physician salary by specialty?

Non-Monetary Factors Impact Specialty Salaries

If you are comparing physician salary by specialty and you think you are underpaid, it's important to consider the non-financial factors that contribute to compensation in physician specialties.

Have you learned that your take-home pay in your small town internal medicine job is less than that of your colleague, who practices internal medicine as a hospitalist in a big city?

Keep these points in mind:

  • Schedule: Do you have more flexibility in your work hours, or a more generous vacation plan, in exchange for a slightly lower salary?
  • Location: What is the cost of living where you practice? What will buy you a large home and yard in one part of the country may barely cover a townhouse in another area.
  • Commuter costs: Do you have two-hour drive to work, or can you walk or ride a bike?
  • Benefits: Do you have a retirement plan and health plan that meets your needs? Are you eligible for bonuses?
  • Career satisfaction: Are you happy with the opportunities you have to practice your physician specialty, and are there opportunities for advancement available if you want them?

Physician Jobs Frequently Asked Questions

How do I choose a medical specialty?

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How do I assess my physician salary by specialty?

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Patricia Walters-Fischer