Base salary Stats

[SteakandPODtatoez]

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Just wanted to take a quick poll from DPM's to see what are some of the current base salary trends for PODs after completing a 3 year surgical residency.

 

[jellybean2020]

 

[DR.QT]

It will be nice if we can get numbers; I am applying soon.

 

[jellybean2020]

Guys, there are enough salary threads floating around. Or better yet shadow and ask actual practitioners. It's not your or the OP's fault at all, but it kinda shows a lack of understanding and etiquette to approach this with literally a 2-choice poll. Hope I haven't offended.

Edit: Here are a few threads to get you started. It took me <1 min. I'm sure there's more if you search

http://forums.studentdoctor.net/threads/how-to-find-a-job-after-residency.1131966/
http://forums.studentdoctor.net/threads/podiatrist-salary-at-hospital-vs-private-practice.894351/
http://forums.studentdoctor.net/threads/income-of-podiatrist-right-after-finishing-residency.627703/

 

[SteakandPODtatoez]

Guys, there are enough salary threads floating around. Or better yet shadow and ask actual practitioners. It's not your or the OP's fault at all, but it kinda shows a lack of understanding and etiquette to approach this with literally a 2-choice poll. Hope I haven't offended.

Edit: Here are a few threads to get you started. It took me <1 min. I'm sure there's more if you search

http://forums.studentdoctor.net/threads/how-to-find-a-job-after-residency.1131966/
http://forums.studentdoctor.net/threads/podiatrist-salary-at-hospital-vs-private-practice.894351/
http://forums.studentdoctor.net/threads/income-of-podiatrist-right-after-finishing-residency.627703/

I'm sure that we are aware of the previous threads as we are very capable of utilizing the search function. However, the bulk of the information discussed in those threads were between 2009 and 2012, which is 4 to 7 years ago. It is possible that some things could have changed since that time and it's also possible that nothing could have changed at all. I posed the question to get an idea of how the market is mostly set up. This is a survey that can help current residents get a better idea of what type of approach to use when discussing potential offers with employers. That's the main reason I posted it in the resident/POD section and not the pre-pod section. I have shadowed multiple podiatrists, but even they are not always comfortable with throwing out solid figures or estimates. So I figured that asking in a forum would allow individuals to offer their 2 cents anonymously. You might not want to hear a discussion about salary, but I'm sure there are plenty of individuals with it on their minds who would not mind having a discussion. We tend to talk about everything else, but when the topic of salary comes up, everyone starts to shake their head as if a sin has been committed.

 

[jellybean2020]

I'm sure that we are aware of the previous threads as we are very capable of utilizing the search function. However, the bulk of the information discussed in those threads were between 2009 and 2012, which is 4 to 7 years ago. It is possible that some things could have changed since that time and it's also possible that nothing could have changed at all. I posed the question to get an idea of how the market is mostly set up. This is a survey that can help current residents get a better idea of what type of approach to use when discussing potential offers with employers. That's the main reason I posted it in the resident/POD section and not the pre-pod section. I have shadowed multiple podiatrists, but even they are not always comfortable with throwing out solid figures or estimates. So I figured that asking in a forum would allow individuals to offer their 2 cents anonymously. You might not want to hear a discussion about salary, but I'm sure there are plenty of individuals with it on their minds who would not mind having a discussion. We tend to talk about everything else, but when the topic of salary comes up, everyone starts to shake their head as if a sin has been committed.

Yes those threads are still relevant. I know you're not satisfied with that reply. The reason people can't easily talk about salary figures is because podiatry is largely private/group practice based. And there's a huge variation in range of salaries. It depends on so many factors. And it depends a lot on what kind of practice you have and what kind of training you had and how business savvy you are. You could be making 150k forever working for the government. Or you could have built up an incredibly busy practice and be making 250 in the right situation and location. Or maybe you bought into a surgery center and are making even more. It's really a lot more complicated than your poll suggests. And in private practice your base salary isn't nearly as important as what % of collections you get to keep (so your thread topic is sort of misguided). Since you probably just want to know a $ figure, how about this: I would hope that most well trained new practitioners are making between the mid-100k to 200k range when they get out. I hope that's helpful.

 

[Robert De Niro]

It's really a lot more complicated than your poll suggests. And in private practice your base salary isn't nearly as important as what % of collections you get to keep (so your thread topic is sort of misguided). Since you probably just want to know a $ figure, how about this: I would hope that most well trained new practitioners are making between the mid-100k to 200k range when they get out. I hope that's helpful.

Bingo! If there was ever a take home message, there it is.

 

[air bud]

I have/had interviews with 2 multi-specialty groups. Both offer generous base (more than 175k) for 1.5-2 years then very generous % production based. Signing bonus. One includes Benefits: full match of max 401k contribution. Defined benefit contribution. Health insurance premiums for you and family paid w/ one time yearly payment of deductible (only have to pay taxes on) along with HSA contribtution. Profit sharing. Moving expenses. Cell phone paid. 3-5k CME. 4-6 weeks vacation. Surgery center possibility. These jobs are out there, but they are not the norm. Contrast this with a private practice that I interviewed with - 100k base w/ 30% at 4x base. No benefits. Had another w/ person that would pay straight 40% and would fill up your schedule day 1. Health insurance for you only, 401k with matching.

 

[SteakandPODtatoez]

Yes those threads are still relevant. I know you're not satisfied with that reply. The reason people can't easily talk about salary figures is because podiatry is largely private/group practice based. And there's a huge variation in range of salaries. It depends on so many factors. And it depends a lot on what kind of practice you have and what kind of training you had and how business savvy you are. You could be making 150k forever working for the government. Or you could have built up an incredibly busy practice and be making 250 in the right situation and location. Or maybe you bought into a surgery center and are making even more. It's really a lot more complicated than your poll suggests. And in private practice your base salary isn't nearly as important as what % of collections you get to keep (so your thread topic is sort of misguided). Since you probably just want to know a $ figure, how about this: I would hope that most well trained new practitioners are making between the mid-100k to 200k range when they get out. I hope that's helpful.

I definitely appreciate your response. You had some good info in there. I think for me, although not important to many, it was just a curiosity to see where the trend of base salaries is going. Not so much the total salaries as you mentioned that they can vary a lot.

 

[SteakandPODtatoez]

I have/had interviews with 2 multi-specialty groups. Both offer generous base (more than 175k) for 1.5-2 years then very generous % production based. Signing bonus. One includes Benefits: full match of max 401k contribution. Defined benefit contribution. Health insurance premiums for you and family paid w/ one time yearly payment of deductible (only have to pay taxes on) along with HSA contribtution. Profit sharing. Moving expenses. Cell phone paid. 3-5k CME. 4-6 weeks vacation. Surgery center possibility. These jobs are out there, but they are not the norm. Contrast this with a private practice that I interviewed with - 100k base w/ 30% at 4x base. No benefits. Had another w/ person that would pay straight 40% and would fill up your schedule day 1. Health insurance for you only, 401k with matching.

Thank you very much for sharing that with us and going in detail to allow us to see some of the benefits offered. To be honest, I didn't even realize there were positions with sign on bonuses and relocation assistance for PODS. Great info!

 

[apollofx]

Mid 100k-200k?! Some yes, others no. Some positions you will have to build a patient base from nothing, you will work hard and not hit that kind of pay. These numbers are also highly dependent on location, numbers in the Midwest are going to look different than California.

 

[jellybean2020]

Are you kidding me, I'm not ballsy enough to want to start my own practice from scratch in the future! Major props to those who still have that desire in this day and age.