10 Highest Paying Specialties for Physicians

Here are the salaries for the 10 highest paying physician specialties (out of the top 20 recruited specialties) based on average salary from 2008-2009, according to the Merritt Hawkins & Associates’ 2009 Review of Physician and CRNA Recruiting Incentives.

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1. Orthopedic surgery

  • Low — $300,000
  • Average — $481,000
  • High — $1.0 million

2. Cardiology

  • Low — $180,000
  • Average — $419,000
  • High — $880,000

3. Urology

  • Low — $230,000
  • Average — $401,000
  • High — $550,000

4. Gastroenterology

  • Low — $250,000
  • Average — $393,000
  • High — $600,000

5. Radiology

  • Low — $300,000
  • Average — $391,000
  • High — $500,000

6. Otolaryngology

  • Low — $280,000
  • Average — $377,000
  • High — $450,000

7. Anesthesiology

  • Low — $250,000
  • Average — $344,000
  • High — $500,000

8. Hematology/Oncology

  • Low — $250,000
  • Average — $335,000
  • High — $450,000

9. General surgery

  • Low — $175,000
  • Average — $321,000
  • High — $616,000

10. Dermatology

  • Low — $200,000
  • Average — $297,000
  • High — $400,000

Source: Merritt Hawkins & Associates’ 2009 Review of Physician and CRNA Recruiting Incentives (pdf).

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