Physician Salary(Honestly)

[StraightShooter]

So I was just wondering what the salary of physicians really are.

I am speaking of these specialties:
-Anesthesia
-Family Practice
-Emergency Medicine


I am not out for the money, but I would like to put a number on it after taxes, malpractice, and paying off debt.

Thanks

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[danzman]

So I was just wondering what the salary of physicians really are.

I am speaking of these specialties:
-Anesthesia
-Family Practice
-Emergency Medicine


I am not out for the money, but I would like to put a number on it after taxes, malpractice, and paying off debt.

Thanks

Come on man, google be your friend. Check out the medscape salary survey for a pretty good idea. Far far too many variables to give you an accurate number though.

 

[cincincyreds]

After 3 years you could make 460k in my group before taxes. Figure 40% goes to tax of some kind like federal, state, city,... and health insurance and other fees, you are look at about 276k after taxes and fees. This is Anesthesia by the way.

 

[TexasPhysician]

Between 75k and 750k depending on location, hours, practice setting, your tax strategies, etc.

 

[EM_Rebuilder]

EM is all over the place depending on location, acuity, type of practice etc...

A good range is probably 200K-450K.... a few isolated even higher than that.

 

[EctopicFetus]

EM is all over the place depending on location, acuity, type of practice etc...

A good range is probably 200K-450K.... a few isolated even higher than that.

Also hours worked varies widely in EM which obviously has a strong impact on your income.

You could easily get a job making $200/hr out of residency.. How much you want to work is up to you.

 

[StraightShooter]

EM is all over the place depending on location, acuity, type of practice etc...

A good range is probably 200K-450K.... a few isolated even higher than that.

Is that after malpractice and taxes? I am assuming no?

 

[michaelrack]

Is that after malpractice and taxes? I am assuming no?

my guess is after malpractice, before taxes

 

[MidwestDoc25]

My wife is a Family Physician (with OB) in an upper Midwest rural community of around 20,000 and just completed her second year of practice. Her year to date gross earnings as of her July paycheck were $214K and she's on pace to gross $302K this year. She also has the opportunity to moonlight in a nearby walk-in clinic for around $200/hr if she wants.

 

[xf3rn4nd3sx]

So I was just wondering what the salary of physicians really are.

I am speaking of these specialties:
-Anesthesia
-Family Practice
-Emergency Medicine


I am not out for the money, but I would like to put a number on it after taxes, malpractice, and paying off debt.

Thanks

Keep in mind the situation will be vastly different, for better or for worse, when you start practicing, especially if you are just pre-med right now.

 

[deleted314957]

Keep in mind the situation will be vastly different, for better or for worse, when you start practicing, especially if you are just pre-med right now.

in 1992 i made 700,000k ( about 1 million in todays dollars). not any more.

 

[xf3rn4nd3sx]

in 1992 i made 700,000k ( about 1 million in todays dollars). not any more.

Yes, that seems to be the trend unfortunately. What specialty are you in?

 

[deleted314957]

yes, that seems to be the trend unfortunately. What specialty are you in?

path

 

[zinjanthropus]

after malpractice, before taxes in EM ~ $225,000 - $250,000

easy to find jobs between $130 and $200/hour
most work about 130-140 hours per month
most get some type of RVU bonus as well

 

[Ajax16]

Depends on Location i believe more than anything. If what i've been told is correct the bigger the city the less the money due to the city being the primary your are there. I'm sure the standard of living is factored in too though.

 

[nope80]

How about internal medicine??

 

[Adrenaline21]

Strong thread bump, but $200/hr seems high for a new EM Physician...

 

[EM_Rebuilder]

Strong thread bump, but $200/hr seems high for a new EM Physician...

Would happily disagree and would add that there are many many many examples of jobs paying more than that.

And there is little difference between new and old doc when it comes to actual pay. There is more likely to be differences in shifts/nights/weekends/etc. There are some places/private groups that might have a buy in period for a few years.


Regardless, espically in the South, there are many jobs paying $200/hr+.

 

[Adrenaline21]

Would happily disagree and would add that there are many many many examples of jobs paying more than that.

And there is little difference between new and old doc when it comes to actual pay. There is more likely to be differences in shifts/nights/weekends/etc. There are some places/private groups that might have a buy in period for a few years.


Regardless, espically in the South, there are many jobs paying $200/hr+.

Really? I thought that there was a pretty decent gap between new and old physicians(experienced) in pay?

 

[DrMom]

My group pays based on training (EM residency trained vs not EM residency trained). The new grad makes the same as a 25 year experienced EM trained doc. We do also have an all night-shift contract differential.

 

[zinjanthropus]

Right. I make more than most of the older docs bc I chose to work nights and more hours - EM is all about RVU generation, how many hours you are willing to work and when you work those hours (ie nighttime shift differential)

 

[D0CTORX]

Is there a limit to how much you can work? Could I put in 60 instead of the 40 to the shift work of EM each week?

 

[zinjanthropus]

Is there a limit to how much you can work? Could I put in 60 instead of the 40 to the shift work of EM each week?

the work is too stressful/intense - you won't be able to maintain that for very long but, no, there is no limit....full time in emergency medicine is about 120-140 hours per month. if people have clinical gigs that go beyond that it is usually by picking up extra hours at a slow place...really can't sustain more than 160-180 for very long but can do in short month to month spurts

 

[StraightShooter]

I've searched around and seen some FPs getting base salaries of ~200-225k in Texas/Nevada, and some even higher.

Are these outlier salaries for FPs?

 

[The White Coat Investor]

I've searched around and seen some FPs getting base salaries of ~200-225k in Texas/Nevada, and some even higher.

Are these outlier salaries for FPs?

Graduating residents are using the numbers $170-190K, but you can get more in the right location and for the right amount of work.

 

[ActionFigure]

My group pays based on training (EM residency trained vs not EM residency trained). The new grad makes the same as a 25 year experienced EM trained doc. We do also have an all night-shift contract differential.

what's the salary comparison between an EM residency trained vs non-EM residency trained (FP)?

 

[The White Coat Investor]

what's the salary comparison between an EM residency trained vs non-EM residency trained (FP)?

It's less. But more importantly you can't get a job in a good location without the residency training.

 

[zinjanthropus]

Exactly - In addition, as the number of EM residency programs continue to increase and grads come on the market, there will eventually be no room for non EM board-certified folks at all - it will take years, but if you are still training and intend to do EM, you should be doing your residency in EM

 

[emergentmd]

EM salary are all over the place. In the south, especially Texas there are many jobs and you can essentially make as much as you like. Pay for a Board trained EM in a decent volume ED should start at no less than 200 hr+ benefits. I work in a group in one of the big 4 texas cities and make way more than that. I am over $300/hr + benefits (Mal practice, health ins, funded retirement). I am a partner and some of the $$$ is from my partnership (100+K/yr).

There are many gigs in texas where you can Make $250+/hr IC. You do the math. 40hr/wk = 520k/yr. I know of jobs making 300-350/hr (depending how desperate they are to fill the spots). I have a friend working 45hrs/wk (16 days/month 12hr shifts at 325/hr IC) making 750k/yr.

45 hrs might sound light but for EM its pretty tough work. 45 hrs/wk with about 1hr to clean up after each shift puts you at about 50hrs/wk.

I am doing about 28hrs/wk working 14 (8hr shifts) days a month. So I have to say I am lucky to pull in over 400k being off 16 days a month. But even at 28 hrs/wk, I don't think I would want to work anymore. I could work 2 more days a month and pull in an extra 100k but its not worth it to me.

EM is one field where the more hours you work, the more you get paid. Everyone is essentially equal unless you are a partner. So a new grad would make the same as someone doing it for 20 years.