The report made several findings, according to information shared with Becker’s. Physician demand and pay has recovered from COVID-19 declines. Orthopedic surgeons now have the highest average starting salary at $565,000.
While specialists, as opposed to primary care physicians, are most in demand among physicians, Merritt Hawkins has had more search engagement for nurse practitioners than any other position for the second year in a row. The increased demand for nurse practitioners is due to an increase in urgent care-type facilities.
The top five specialties with the highest starting salaries:
Orthopedic surgeons
Average: $565,000
High: $790,000
Low: $400,000
Year-over-year difference: +3 percent
Cardiology (interventional):
Average: $527,000
High: $668,000
Low: $425,000
Year-over-year difference: -16 percent
Urology:
Average: $510,000
High: $600,000
Low: $400,000
Year-over-year difference: +3 percent
Gastroenterology:
Average: $486,000
High: $600,000
Low: $375,000
Year-over-year difference +7 percent
Cardiology (non-invasive):
Average: $484,000
High: $1,000,000
Low: $300,000
Year-over-year difference: +8 percent
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