![]() ![]() The lowest-earning specialty was public health and preventative medicine, with an average salary of $249,000. This year, plastic surgery topped the list of highest-earning specialties, with an average annual salary of $619,000. ![]() By contrast, family medicine, pediatrics, and diabetes and endocrinology have hovered in the bottom five during that same span of time. In the past five years of Medscape’s reports, cardiology and orthopedics have remained at the top of the list-both landed among the five highest-earning specialties each year. What’s relatively consistent year to year are the highest-earning and lowest-earning specialties. Their 2018 report showed the average physician earning $299,000 while only five years later, that has risen to $352,000. Medscape notes that across the board, physician compensation continues to rise. Not only are these impressive average salaries, they are also significant increases from salary averages reported by Medscape in 2015. Overall, the average physician salary is $265,000 annually for primary care physicians and $382,000 for specialists, according to the 2023 Medscape Physician Compensation Report. We’ve taken a deep dive into the financial nitty-gritty of becoming a doctor. You probably have some of the following questions: What’s the average salary for doctors nationwide? Does salary vary state to state? Between specialties? Are you more likely to be more competitively paid if you work for certain types of institutions? Are there benefits to opting for certain lower-paying specialties? What jobs give you forgiveness for medical school loans? Are there wage gaps that correspond with gender and race that you should be aware of-and push back against-as you enter the job market? The average medical student debt upon graduation is currently $250,990. Between application fees for medical school and residency, medical school tuition, travel expenses for interviews, and living on a resident’s salary for several years, the costs can be substantial. You probably want to know how much money you’ll earn in your future profession, especially given how expensive it is to become a doctor in the first place. Obviously, your number one focus is on healing people and learning about the human body.īut it’s also fair to begin to plan your life on practical terms. If you’re interested in becoming a doctor or you’re already on the road to entering the field of medicine, you’ve probably given a lot of thought to what your life in medicine will look like. ![]()
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