doctors

Here’s how much money your fellow doctors actually make

Ed. Note: This article first appeared in Business Insider

Not all doctors take home the same amount of money. Orthopedists — doctors who treat bone and muscle problems — make the most on average.

Pediatricians, or those who take care of children, earn the least. And white doctors take home significantly more than their equally qualified peers of color, regardless of specialty.

This data comes from the WebMD-owned medical resource Medscape, which crunches the numbers on self-reported annual income from more than 19,200 doctors across 27 specialties for its annual Physician Compensation Report. Here’s the breakdown:

How much money doctors make_2017_updatedMike Nudelman/Business Insider

Doctors are making more overall

Over the past seven years, the average physician’s income has steadily risen. The reason? “Intense competition for doctors,” said Travis Singleton, senior vice president of the national physician search firm Merritt Hawkins.

Competition for patients across hospitals, healthcare systems, and direct-care groups has been steadily increasing over the past decade.

The result is that doctors’ salaries have increased on average, Singleton says.

The biggest earnings increases went to plastic surgeons and allergists, who earned about 24% more and 16% more this year than they did last year, respectively.

Other incomes have flatlined — salaries of pediatricians, oncologists, and cardiologists have basically remained unchanged over the last year.

Physicians of color earn less than their white colleagues

This year’s survey was the first time Medscape asked respondents to identify their race.

On average, physicians who identified as white received the most money, according to the report.

Despite having the same training and experience as their white peers, physicians who identified as Asian, Latino, or black received significantly less. Black doctors made the least, taking home about 15% less than white doctors.

How much money doctors make_by race_2017 

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Here’s how much money your fellow doctors actually make - overview

Summary: Not all doctors take home the same amount of money. Orthopedists — doctors who treat bone and muscle problems — make the most on average. Pediatricians, or those who take care of children, earn the least. And white doctors take home significantly more than their equally qualified peers of color, regardless of specialty.

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  • HockeyDave

    I would love to see why white doctors make more money than their equally qualified minority peers. Is it the particular jobs that are chosen by the individual doctors? Is it overt racism? Covert racism? Is it the number of hours worked? Is it the location? Is it the specialties chosen? Gender distribution? There are many different possible explanations and I think it is journalistic baiting and lack of integrity to play the race card and then choose to not delve into it deeply. If it is truly a race problem from the standpoint of employers, then why wouldn’t the TWD staff explore and explain that in detail thereby exposing EXACTLY what the problem is and starting a legitimate discussion. Absent a thorough explanation, I consider it race baiting and cheap journalism.
    I challenge TWD to THOROUGHLY investigate the race aspect and report it THOROUGHLY. I would LOVE to see a very thorough and honest exploration of the subject and if it is truly racism, I’ll be denouncing it on the front lines. But I won’t be race baited, that’s for sure.