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Between 2019, compensation for U.S. doctors grew on average about 1.5%, according to the fourth annual Physician Compensation Report from professional medical network Doximity. When compared against the 2019 inflation rate of 2.3%, physicians experienced a decline in real income over the last year, they said.
“This year’s report shows how significantly the COVID-19 pandemic is impacting the healthcare industry,” said Peter Alperin, M.D., vice president at Doximity, in a statement.
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The survey was based on responses from 44,000 licensed U.S. doctors.
The study also found the gender wage gap has increased since last year study. According to the survey responses, the wage gap was 28% this year compared to 25.2% last year, with female doctors reporting to earn an average of $116,289 less than male doctors.
RELATED: The list of the top 10 highest physician salaries by specialty for 2019
While overall compensation among physicians plateaued, some specialties are still seeing increases.
Among the specialties experiencing the most growth right now, the report shows vascular surgeons were on top at $534,508, a 4.9% increase in their average compensation in 2020 over the average of $509,335 they reported in 2019.
Likewise, physical medicine, geriatrics, genetics, emergency medicine and oncology all saw a more than 4% jump in their average annual compensation between 2019 and 2020.
“It’s possible the pandemic has generated more demand in these areas, impacting pay for specialists who treat high-risk patients such as those with severe respiratory complications, those 65 and older, and patients presenting at the emergency room,” the authors of the report said.
So which specialties are doing the best when it comes to annual compensation? Here’s a look at what Doximity found:
- Neurosurgery — $746,544
- Thoracic surgery — $668,350
- Orthopedic surgery — $605,330
- Plastic surgery — $539,208
- Oral and maxillofacial — $538,590
- Vascular surgery — $534,508
- Cardiology — $527,231
- Radiation oncology — $516,016
- Gastroenterology — $485,817
- Radiology — $485,460
- Urology — $472,941
- Otolaryngology (ENT) — $472,273
- Dermatology — $449,494
- Anesthesiology — $445,533
- General surgery — $439,824
- Colon & rectal surgery — $438,811
- Oncology — $437,280
- Ophthalmology — $424,488
- Pulmonology — $374,293
- Nuclear medicine — $367,741
The top 10 highest paying medical specialties in 2019
Neurosurgery and thoracic surgery were the highest paying medical specialties in 2019, according to a new physician employment report from Doximity.
By THE DO STAFF Email
WEDNESDAY, JAN. 8, 2020
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Neurosurgery and thoracic surgery were the highest paying medical specialties in 2019, with average salaries north of $550,000, according to a new physician employment report from Doximity.
Orthopedic surgery, radiation oncology and vascular surgery rounded out the top five.
The report’s salary information comes from Doximity’s compensation survey, which roughly 70,000 full-time physicians who practiced at least 40 hours a week in 2018 and 2019 completed.
The following are the top ten highest paid specialties in 2019, according to Doximity.
Highest paying medical specialties in 2019
| Rank | Specialty | Average compensation |
|---|---|---|
| 1 | Neurosurgery | $616,823 |
| 2 | Thoracic surgery | $584,287 |
| 3 | Orthopedic surgery | $526,385 |
| 4 | Radiation oncology | $486,089 |
| 5 | Vascular surgery | $484,740 |
| 6 | Dermatology | $455,255 |
| 7 | Cardiology | $453,515 |
| 8 | Plastic surgery | $433,060 |
| 9 | Gastroenterology | $431,767 |
| 10 | Radiology | $428,572 |
Top 19 Highest-Paying Doctor Jobs
A doctor graduates from medical school and earns a state license before working on a full-time basis. The expertise they gain throughout their education helps them make a deliberate choice on a patient’s diagnosis and treatment. They also work in different settings such as a hospital or their practice’s office, but the profession gives a doctor many options to explore their career path.
In this article, we will discuss what high-paying doctor’s jobs are and present you a list of ones you can apply for today.
Read more: Choosing a Career Path in 9 Steps
What are the highest paying doctor jobs?
Doctors can specialize in various areas regarding patient care, and they should have impeccable communication skills to promote quality relationships with their patients. The highest-paying jobs in this field relate to practitioners who either work in a surgical setting, such as an anesthesiologist and a surgeon, or specialists including a cardiologist or an orthopedist.
Read more: Communication Skills: Definitions and Examples
Top 19 highest-paying doctor jobs
Here is a list of the top 19 highest-paying doctor jobs. Take note of this list when you’re applying for jobs to earn a higher salary for your career.
- Pharmacist
National average salary: $104,180 per year
Primary duties: A pharmacist gives medications to patients through the direction of their physician and refills prescriptions at their discretion. They also provide advice to patients on the dosage they should take for their medication and keep them secure within the pharmacy or hospital they work at.
- Podiatrist
National average salary: $111,339 per year
Primary duties: A podiatrist renders treatments to an individual’s feet and takes active measures to monitor and relieve a patient’s pain. Some treatments include wart removals, athlete’s foot and injuries maintained while playing sports. They also give tips to patients on how to take care of your feet and the best shoes to wear.
- Optometrist
National average salary: $119,386 per year
Primary duties: An optometrist is a specialist that examines the structure of the eye makes diagnoses and treatments based on their observation. They can prescribe medications, therapeutic procedures and lenses as well as conduct surgical procedures and evaluate the current vision of the patient.
- Primary care physician
National average salary: $163,828 per year
Primary duties: A primary care physician is the first contact to address a patient’s medical needs. They observe the symptoms given by the patient, examine their body and come up with a diagnosis or refer them to a specialist. They can prescribe medications that can help a patient manage pain and treat their symptoms depending on their conditions.
- Pediatrician
National average salary: $179,775 per year
Primary duties: A pediatrician oversees the health of children that come into their practice. They check on the status of a child’s physical, mental and emotional health and advise on preventative measures to take for illnesses and diseases. They also give vaccinations, answer questions about their nutrition, along with writing referrals to specialists when necessary.
- Obstetrics and gynecology physician
National average salary: $180,639 per year
Primary duties: An obstetrics and gynecology physician, or OBGYN, cares for the needs of a woman’s reproductive health, including when they’re in labor and delivering their child. They screen patients to ensure mothers and babies can be free from diseases and perform surgeries if a major health risk arises.
- Oncologist
National average salary: $188,554 per year
Primary duties: An oncologist is responsible for treating cancer for patients when they’re diagnosed. They can either work in radiation, medical or surgical, so a patient should expect to interact with different doctors throughout their diagnosis. Each type of oncologist can remove tissues or administer treatments that can increase their chances of treating their cancer.
- Internal medicine physician
National average salary: $194,477 per year
Primary duties: An internal medicine physician is similar to a primary care physician, but the main difference is that they only work with adults instead of children. They give diagnoses and treatments related to their physical health and focus on short-term care, leading to a patient becoming fully healthy.
- Dentist
National average salary: $197,453 per year
Primary duties: A dentist removes bacteria and evidence of decay from your teeth. They fill cavities, repair the alignment of teeth and decide on the preferable methods a patient should take to care for their teeth and gums. They take x-rays and make measurements for appliances they might need to realign your teeth.
- Family medicine physician
National average salary: $201,862 per year
Primary duties: A family medicine physician, or family doctor, can be perceived as a personalized version of a primary care physician who follows the full life cycle of your health. This option is good for patients who want an in-depth relationship with their doctor, so they can follow their suggestions on what’s best for their health and treat an illness they have suffered. In addition to annual physicals, they also look at illnesses like infections or arthritis.
- Urgent care physician
National average salary: $207,468 per year
Primary duties: Urgent care physicians examine patients with a critical need for medical attention. Patients may go to an urgent care clinic instead of an emergency room setting depending on the severity of their illness. Some conditions an urgent care physician can help a patient with include illnesses like the flu, severe rashes or an accident that led to a fall.
- Surgeon
National average salary: $216,944 per year
Primary duties: A surgeon uses advanced medical equipment to repair bones, tissues and other physical abnormalities suffered through injury. They record a patient’s medical history, give medications to manage the pain of an injury or a procedure and offer dietary advice that can help them prevent future conditions.
- Dermatologist
National average salary: $229,467 per year
Primary duties: A dermatologist examines the health of a patient’s skin, hair and nails. They look for acne, sunspots and other skin abnormalities that may require treatment. They also prescribe medicines and perform treatments like laser surgery or ultraviolet therapy to address specific conditions.
- Orthopedist
National average salary: $229,779 per year
Primary duties: An orthopedist is focused on treatments of a patient’s bones. They examine a patient to determine if bones are broken or require an additional procedure to remedy the diagnosis. Some conditions an orthopedist can treat include bone tumors, back pain and ankle injuries.
- Urologist
National average salary: $230,433 per year
Primary duties: A urologist addresses problems related to the urinary tract and can treat certain conditions like kidney stones or a urinary tract infection (UTI). After the examination, they can refer patients to a specialist to address kidney stones, issues with sexual health or infertility for further consultation.
- Neurologist
National average salary: $237,309 per year
Primary duties: A neurologist solely works on patients who require treatment for their nervous system. The nervous systems allow for movements to the brain, spine, eyes and ears. They can run tests and provide a diagnosis, but they do not perform surgical procedures. However, they’ll render treatments for conditions like headaches, seizures and strokes.
- Orthodontist
National average salary: $259,163 per year
Primary duties: An orthodontist can make corrections between the teeth and the jaw. They look at teeth to get a better glimpse at the overall condition of the mouth if there’s overcrowding and if you have an overbite or underbite. They perform procedures to insert equipment like braces or expanders to fix the alignment and schedule checkups accordingly.
- Anesthesiologist
National average salary: $328,526 per year
Primary duties: An anesthesiologist works in a preoperative setting where they give anesthesia to patients before they undergo surgery so the patient can not feel pain during the procedure. They also advise the optimal way for patients to manage pain following surgery and consult with surgeons regarding their advice.
- Cardiology physician
National average salary: $345,754 per year
Primary duties: A cardiology physician diagnoses and treats conditions of the heart and blood vessels. They also demonstrate which types of behaviors can put the heart at risk and describe what you can do to improve your heart’s vitality. They evaluate patterns in a patient’s medical and familial history that lead to a specific condition.
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