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Ms4 considering peds, salary?

Jester4321

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Dec 25, 2015
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Hello all,

I'm a new ms4 still trying to figure out my specialty. I really like peds and was wondering what one can expect to make first year out of residency and on (for outpatient or mixed not academics). Jobs online seem to vary a lot. Obviously money is not my only concern but i also don't want to be buried in debt forever (and just fyi to all you out there thinking you're going to get public loan forgiveness less than 3% that apply actually get it). Also willing to live almost anywhere but prefer south us. Thanks for the help.
 

sdfa8

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10+ Year Member
Aug 11, 2010
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  1. Resident [Any Field]
Hello all,

I'm a new ms4 still trying to figure out my specialty. I really like peds and was wondering what one can expect to make first year out of residency and on (for outpatient or mixed not academics). Jobs online seem to vary a lot. Obviously money is not my only concern but i also don't want to be buried in debt forever (and just fyi to all you out there thinking you're going to get public loan forgiveness less than 3% that apply actually get it). Also willing to live almost anywhere but prefer south us. Thanks for the help.

I'm only JUST starting off in peds as a PGY 1 so I can't say I know a lot, but I looked this up too, as I have a family and a ton of debt.

South US is way better than NE (aka NYC) from what I've heard (not a huge sample size so take that with a grain of salt). But, anywhere from 150K - 225K startingseems like the range-- the lower range in cities like Manhattan. Also consider state income tax or not, cost of living, benefits, etc., and that'll definitely add up and matter, too.

From what attendings have told me during my rotations 4th year, many peds specialty won't give you a bump in salary (some, like peds pulm, might pay less) but cards, NICU, PICU and peds EM seem to be the subspecialties that'll pay more. So definitely subspecialize if you have the passion and in the end, so many kids will benefit from that, but don't go into a specialty like Peds GI with the hopes of making $$ like adults GI.

Don't underestimate gen peds tho-- I have a colleague whose parents have a private practice and don't get me wrong, they put in a lot of work, but make $500K+ from their hours and huge patient base. They've been in the field for ~20 years though.


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MLNS

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May 26, 2019
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  1. Resident [Any Field]
Hello all,

I'm a new ms4 still trying to figure out my specialty. I really like peds and was wondering what one can expect to make first year out of residency and on (for outpatient or mixed not academics). Jobs online seem to vary a lot. Obviously money is not my only concern but i also don't want to be buried in debt forever (and just fyi to all you out there thinking you're going to get public loan forgiveness less than 3% that apply actually get it). Also willing to live almost anywhere but prefer south us. Thanks for the help.
I’m gonna guess you didn’t actually research this. Everyone who was denied was because they didn’t qualify. Wrong loans, didn’t submit the proper paperwork, etc. Its pretty amazing how bad they screwed up tbh

If you do everything according to the regulations for the program you don’t get denied. That’s how the program works...
 
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Funke

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Oct 29, 2012
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I'm also an intern so this is not first hand experience, but what I've heard from residents at my home institution was anywhere from 150-250. Lower for 3-4 day work week with no call. Higher for 5 days a week with occasional hospital/newborn call and occasional weekend/urgent care shift. You can make over 300 as an established private pediatrician in a well-oiled practice.
 
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Ladholyman

General Pediatrics
10+ Year Member
Apr 18, 2008
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Hmm that's really not that bad for peds. Are these jobs easy to come by? Northern California seems like a cool place to live.

With all the COVID-19 stuff going on its tough to find an open position. Go on their website and call the recruiting department directly for best options.
 
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Ladholyman

General Pediatrics
10+ Year Member
Apr 18, 2008
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Sorry just to clarify, does this mean 4/5 full days of clinic? Or does this include things like "administrative" time or whatnot?

It's full days in clinic. Admin time is separate. However each Kaiser site calculates the clinic time versus Admin time a bit differently.
 
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zeppelinpage4

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10+ Year Member
May 17, 2009
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Hello all,

I'm a new ms4 still trying to figure out my specialty. I really like peds and was wondering what one can expect to make first year out of residency and on (for outpatient or mixed not academics). Jobs online seem to vary a lot. Obviously money is not my only concern but i also don't want to be buried in debt forever (and just fyi to all you out there thinking you're going to get public loan forgiveness less than 3% that apply actually get it). Also willing to live almost anywhere but prefer south us. Thanks for the help.
It's very good you're asking about income. I wish more people counseled me on it before I chose this specialty, it's a real issue in medicine. You worked too hard to not have a better life for it and part of that is financial stability.

From talking to friends who recently graduated, in north east it seems to start at ~150K/year for a full time position fresh out of residency. West coast at Kaiser I believe they start ~180K/year iirc, but cost of living can be higher.
150K/year starting is in line with what the AAP reported.


However, the average pediatrician salary as per Medscape compensation report is higher at 232K/year (though I don't know if this average data includes salaries from pediatric cardiologists and NICU or PICU doctors who will raise the average up). But it's similar to MGMA data from a few years back which showed general pediatricians making ~220-250K/year depending on region.

Generally everyone says to get away from saturated areas like NYC where they'll pay you very little and work you harder for those earnings. Private practice you'll always earn more and have higher potential salaries.
 
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Stone Cold

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Mar 15, 2020
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It's very good you're asking about income. I wish more people counseled me on it before I chose this specialty, it's a real issue in medicine. You worked too hard to not have a better life for it and part of that is financial stability.

From talking to friends who recently graduated, in north east it seems to start at ~150K/year for a full time position fresh out of residency. West coast at Kaiser I believe they start ~180K/year iirc, but cost of living can be higher.
150K/year starting is in line with what the AAP reported.


However, the average pediatrician salary as per Medscape compensation report is higher at 232K/year (though I don't know if this average data includes salaries from pediatric cardiologists and NICU or PICU doctors who will raise the average up). But it's similar to MGMA data from a few years back which showed general pediatricians making ~220-250K/year depending on region.

Generally everyone says to get away from saturated areas like NYC where they'll pay you very little and work you harder for those earnings. Private practice you'll always earn more and have higher potential salaries.
I'm currently a resident in NYC and most gen peds folks I spoke to were offered $180-210k in and around NYC. A cousin of mine who graduated last year from the same program as mine got into a peds hospitalist position in upstate NY for $230k

PICU & NICU docs in my hospital system ranged around $280-340k in salary. Seeing compensation trends for other specialties and peds as well, North East and Southern states pay relatively lower when compared to Central and Western states

 
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Stone Cold

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Mar 15, 2020
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Northern California PP my partner was offered 1.0 FTE for 235k. He was also offered from Sutter Health 180k for 0.8 FTE, he was quoted 230-240ish for 1.0 FTE
The 1.0 offer from Sutter was actually pretty good given it's for gen peds/hospitalist since I was under the assumption that Sutter & Kaiser pay much lower than PP
 
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