Compensation gap between men & women physicians: 3 key points

Average annual compensation for women physicians in primary care and specialties has increased since 2018, but pay disparities by gender are still prevalent, according to Medscape's 2019 female physician compensation report, comprising survey responses from over 5,300 women physicians across the U.S.

Three things to know:

1. In 2019, women primary care physicians earned $207,000, while women specialty physicians earned $280,000; men primary care physicians earned more than women, making $258,000. Men specialty physicians earned $372,000. Women primary care and specialist physicians' pay has increased from 2018, where they earned $203,000, and $263,000, respectfully.

2. The greatest income difference between men and women physicians by age was among those in the 34 and under group, with 43 percent of men physicians earning more than women. As physicians age, the income difference shrinks, with 30 percent of men aged 55-69 years old earning more than women.

3. Seventy percent of women physicians have a net worth of less than $1 million, compared to 48 percent of men physicians. Similarly, 42 percent of men physicians have a net worth between $1 million and $5 million, compared to 28 percent of women.

More articles on benchmarking:
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