The study covered specialties across the spectrum. Here are eight things to know:
1. Nearly 40 percent of physicians report their compensation was the same in 2016 as it was in 2015; 9.1 percent said their income decreased by 8 percent or more and 11.5 percent said their income increased 8 percent or more.
2. Some physicians received a sign-on bonus for their current roles, with the average bonus being $18,137. Physician compensation plus their annual bonus by specialty includes:
• Cardiology: $364,169
• Urology: $357,398
• Emergency medicine: $306,389
• Pulmonology: $281,519
• Family medicine: $210,112
• Pediatrics: $194,915
• Endocrinology: $190,081
3. The average physician attended two medical conferences last year.
4. Around half — 45 percent — of physicians report being satisfied with their income; 9.7 percent were extremely satisfied and 20.7 percent were very satisfied. Just under 20 percent were very dissatisfied and 5.1 percent were extremely dissatisfied.
5. Twenty-nine percent of physicians reported outstanding student loan balances and 9 percent said they received student loan assistance in 2016.
6. Two-thirds of the physicians reported no contact with medical recruiters to find their current position.
7. Most physicians reported job satisfaction in 2016:
• Satisfied: 40.5 percent
• Very satisfied: 34.5 percent
• Extremely satisfied: 13.1 percent
Eleven percent reported being dissatisfied.
More articles on physicians:
10 things to know about physician retirement—59% of physicians report declining career satisfaction
How physicians are ‘winning’ under Tom Price
Dr. Robert Burakoff tapped for ambulatory, gastroenterology leadership roles
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
