Statistics on the Compensation of Physicians

Here is a round-up of statistics on the growth and compensation of physicians.

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1. There were 633,000 physicians employed in the United States in 2006.
2. The projected number of physicians employed in the United States in 2016 is 723,000, an increase of 14 percent.
3. Here is a list of the median compensation of physicians in 2005 by specialty and years of experience, according to the Bureau of Labor Statistics’ Occupational Outlook Handbook, 2008-09 citing the Medical Group Management Association, Physician Compensation and Production Report, 2005.

Specialty Less than two years in specialty More than two years in specialty
Anesthesiology $259,948 $321,686
General surgery $228,839 $282,504
Obstetrics and gynecology $203,270 $247,348
Psychiatry $173,922 $180,000
Internal medicine $141,912 $166,420
Pediatrics $132,953 $161,331
Family practice $137,119 $156,010

Source: Bureau of Labor Statistics’ Occupational Outlook Handbook, 2008-09.

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