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Job Offers Abundant for New Doctors
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More than 6 in 10 physicians say they've received 50 or more job offers during their residency, and more than 4 in 10 received more than 100 job offers, according to data from a physician recruiting firm.
Physicians completing their final year of residency say they're entering the job market with scores of job offers and most anticipate earning $176,000 or more in their first year of practice.
More than 60% of the 1,208 new doctors responding to an email survey from physician recruiters Merritt Hawkins say they've received 50 or more job offers during their residency, and 46% received more than 100 job offers.
>>>View Job Offers Slideshow
"There is no such thing as an unemployed doctor," says Kurt Mosley, vice president of strategic alliances at Irving, TX-based Merritt Hawkins. "The good news is all of them need a job. The bad news is they only come out one time a year."
Healthcare Created 1 in 10 Jobs in 2014
Along with the strong job prospects, however, half of the residents say they owe $150,000 or more in students loans, and 25% of new physicians say they'd pick another profession if they had a do-over.
Ronald A. Paulus, MD, president/CEO of Asheville, NC-based Mission Health, says he's surprised the number of malcontents-in-residence is so low.
"Medical students measure extraordinarily high on compassion and empathy and by the time they're done with their residency it is very low," Paulus says. "The training process has been around since the early 1900s with only moderate changes. It is an extraordinarily grueling time."
More than 6 in 10 physicians say they've received 50 or more job offers during their residency, and more than 4 in 10 received more than 100 job offers, according to data from a physician recruiting firm.
Physicians completing their final year of residency say they're entering the job market with scores of job offers and most anticipate earning $176,000 or more in their first year of practice.
More than 60% of the 1,208 new doctors responding to an email survey from physician recruiters Merritt Hawkins say they've received 50 or more job offers during their residency, and 46% received more than 100 job offers.
>>>View Job Offers Slideshow
"There is no such thing as an unemployed doctor," says Kurt Mosley, vice president of strategic alliances at Irving, TX-based Merritt Hawkins. "The good news is all of them need a job. The bad news is they only come out one time a year."
Healthcare Created 1 in 10 Jobs in 2014
Along with the strong job prospects, however, half of the residents say they owe $150,000 or more in students loans, and 25% of new physicians say they'd pick another profession if they had a do-over.
Ronald A. Paulus, MD, president/CEO of Asheville, NC-based Mission Health, says he's surprised the number of malcontents-in-residence is so low.
"Medical students measure extraordinarily high on compassion and empathy and by the time they're done with their residency it is very low," Paulus says. "The training process has been around since the early 1900s with only moderate changes. It is an extraordinarily grueling time."