Physician Salary(Honestly)

Started by StraightShooter
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StraightShooter

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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
 
StraightShooter said:
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
Click to expand...


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.
 
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.
 
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EM_Rebuilder said:
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.
Click to expand...

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.
 
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.
 
StraightShooter said:
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
Click to expand...

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.
 
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.
 
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Adrenaline21 said:
Strong thread bump, but $200/hr seems high for a new EM Physician...
Click to expand...

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+.
 
EM_Rebuilder said:
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+.
Click to expand...


Really? I thought that there was a pretty decent gap between new and old physicians(experienced) in pay?
 
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.
 
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?
 
D0CTORX said:
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?
Click to expand...

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
 
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?
 
DrMom said:
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.
Click to expand...

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