Compensation Issues

Sponsored by VMG Healthinfo@vmghealth.com | 214.369.4888

Physicians over age 40 earn $60K more annually

Physician earning power gets better with age, according to Medscape's "Young Physician Compensation Report 2019."

The report is based on a survey of 3,400 physicians under age 40 and data from Medscape's other compensation surveys.

  1. Physicians ages 40 to 69 generally earn about $60,000 more each year than their younger counterparts under age 40. This pay gap is much wider for specialists ($72,000) than primary care physicians ($32,000).
  2. Younger physicians are more likely to be employed (79 percent) than older physicians (60 percent).
  3. Physicians under age 40 are more diverse. The young cohort surveyed was 45 percent female, compared to 34 percent of older physicians. Younger physicians were also less likely to be white (56 percent versus 66 percent). The younger cohort had greater representation across all minority groups.

Read more here.

 

More articles on compensation:

10 metro areas with smallest, largest gender wage gaps for physicians
8 things to know about chief quality officer pay
Female surgical residents expect lower pay than men

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months