Average salary, compensation, and wages for Physicians and surgeons in the United States


Physicians have among the highest earnings of any occupation. According to the Medical Group Management Association�s Physician Compensation and Production Survey, median total compensation for physicians in 2002 varied by specialty, as shown in table 1. Total compensation for physicians reflects the amount reported as direct compensation for tax purposes, plus all voluntary salary reductions. Salary, bonus and/or incentive payments, research stipends, honoraria, and distribution of profits were included in total compensation.
Table 1. Total compensation of physicians by specialty, 2002
   

Anesthesiology

$306,964

Surgery, general

255,438

Obstetrics/gynecology

233,061

Psychiatry

163,144

Internal medicine

155,530

Pediatrics/adolescent medicine

152,690

Family practice (without obstetrics)

150,267

 

 

Footnotes:
(1) SOURCE: Medical Group Management Association, Physician Compensation and Production Report, 2003.


Self-employed physicians—those who own or are part owners of their medical practice—generally have higher median incomes than salaried physicians. Earnings vary according to number of years in practice, geographic region, hours worked, and skill, personality, and professional reputation. Self-employed physicians and surgeons must provide for their own health insurance and retirement.




More information on Physicians and surgeons from The U.S. Department of Labor Bureau of Labor Statistics Occupational Outlook Handbook
Overview of Physicians and surgeons occupation
Number of Physicians and surgeons in the U.S.
Salary and earnings for Physicians and surgeons
Working conditions for Physicians and surgeons
Significant points for Physicians and surgeons
Training requirements for Physicians and surgeons




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