For the seventh straight year, average physician compensation has increased, rising from just over $200,000 in 2011 to about $300,000 in 2018, reports Medscape in its 2018 Physician Compensation Report.
However, the report also found pay gaps by gender and race, noting that male primary care physicians earn, on average, $36,000 more than female primary care docs.
Among male and female specialists, the gap was even higher: $95,000. In general, African-American, Asian and Hispanic physicians of both genders all reported earning less than white physicians; Medscape listed age, choice of specialty and possible bias as factors that may be contributing to the discrepancy.
Here are the average reported annual salaries for physicians in the top five highest- and lowest-earning specialties:
- Plastic surgery, $501,000
- Orthopedics, $497,000
- Cardiology, $423,000
- Gastroenterology, $408,000
- Radiology, $401,000
- Public Health & Preventive Medicine, $199,000
- Pediatrics, $212,000
- Diabetes & Endocrinology, $212,000
- Family Medicine, $219,000
- Internal Medicine, $230,000
For the report, Medscape surveyed more than 20,000 physicians across 29 specialties. To learn more, see the full report at Medscape.