For free help with your job search, call (800) 776-8383

 
 

How to know the average physician salary by specialty

 

After devoting years and dollars to training and specializing, physicians are often greeted by lucrative opportunities upon completion of residency or fellowship. Just how much you’ll make, though, depends on a number of factors. Salary will differ greatly by specialty. Other influences may include location, experience and how tight the job market is. Of course, base salary can’t be the only deciding factor in a job search. When comparing offers, you’ll want to be sure you understand  the base salary vs. total compensation. Plus, what you’ll earn is only part of ch....

 

Read PracticeLink articles by Drew Terry Drew Terry
 

Be sure to get answers to these 4 compensation questions

 

Lots of factors go into determining how physicians get paid - and how much. There’s the size and established compensation structure of a given organization. The type of practice can be a factor, along with whether it’s rural or urban. And of course there’s physician experience and expected responsibilities to consider. As you search and interview for your first or next practice, salary isn’t the topic with which you want to start a conversation, but it is an important one to have. When that time comes, here are four questions you’ll want to get answered to help ....

 

Read PracticeLink articles by Drew Terry Drew Terry
 

How physicians get paid

 

A compensation primer Check out the fundamentals below for a financially and otherwise satisfying career. Structure set. If you’re in a very high-profile specialty or your services are extremely unique, you may be able to write your salary ticket. But compensation structures are generally set in stone, with oversight committees monitoring them. Balance your negotiating approach. "I’ve watched physicians fight tooth and nail for every last penny," Swanson says. "But it leaves a bad taste with a new employer because you’ve already become the stereotypical difficult physician." ....

 

Chris Hinz
 

What’s in a compensation package?

 

You may be focused on salary when you’re job hunting, but salary alone isn’t an accurate portrayal of compensation. Other elements of a benefits package have significant monetary implications, and even benefits without dollar signs attached can make a major difference when it comes to work/life balance. If you don’t take these into account as you negotiate and consider offers, you could be leaving something on the table. "Upwards of 25to 35 percent of a comp package is the benefits," says Richard Roberts, M.D., JD, professor emeritus of family medicine at the ....

 

 

Is your offer fair?

 

We’ve all heard this in the past: Life isn’t fair. Though that may be true, it’s reasonable to expect your compensation package to be fair when compared to your colleagues, to the market and to the sacrifices and years of training you spent preparing yourself for this profession. But how do you set expectations when you are looking for a new position? There are many formal (and sometimes costly) surveys out there, from MGMA to Sullivan Cotter and AMGA. You can look to social media or ask your colleagues or maybe your program director. But what’s the best way to answer t....

 

Jon Appino
 

Newsletter Sign-Up