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Average signing bonuses for 5 recruited medical specialties

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Internal medicine physicians saw the greatest average signing bonus offered to recruits this year among the five most requested medical specialties, according to Merritt Hawkins' 2020 Review of Physician and Advanced Practitioner Recruiting Incentives.  

The report tracks a representative sample of 3,251 permanent physician and advanced practitioner recruiting engagements Merritt Hawkins/AMN Healthcare's physician staffing companies conducted from April 1, 2019, to March 31, 2020. 

Searches were primarily conducted for hospitals (36 percent) and group practices (32 percent) but also occurred for urgent care, federally qualified health centers, academics, Indian Health Service and concierge medicine. 

Analysts found that signing bonuses offered to physicians averaged $27,893 this year, down from $32,692 the year prior. Average signing bonuses offered to nurse practitioners and physician assistants also declined year over year, from $9,000 to $8,500. 

The following figures are signing bonuses for the five specialties most in demand.  

Internal Medicine

Average: $26,000

High: $75,000

Low: $10,000

Family Practice

Average: $25,100

High: $75,000

Low: $2,500

Psychiatry

Average: $24,704

High: $50,000

Low: $10,000

OB-GYN

Average: $24,660

High: $100,000

Low: $10,000

Radiology

Average: $23,428

High: $100,000

Low: $8,000

To view a list of average base salaries for 20 recruited medical specialties, click here

 

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