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How much do doctors typically make in a year?

I'd like to know more about their salary!

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Michel’s Answer

As others have said this is variable no matter how you look at it but ill give it a stab. In residency you can expect to make around 80k which is a pretty good check but you are going to work very hard for that pay. Once you finish depending on what you are interested in you can make between 200k to about 600k. this is a huge range and there is a reason for that. Some of the physicians such as pediatrics, family medicine, public health make a lot less than their counterparts. Yes not very fair but its part of the game of residency and where you end up going to school and how you perform in medical school. Your very difficult to get into specialities are going to be Orthopedics, Plastic Surgery, Urology, Dermatology these people can make a lot more because they bring a lot of money in depending on the procedures that they are doing. The other big thing that is going to determine your pay is where you are going to practice. If you want to practice in a very desirable location lets say New York City you are going to make less than if you were interested in practicing in a rural area this is because a lot of doctors want to practice in big cities and live a bigger city lifestyle. Smaller communities and more rural areas have a more difficult time retaining physicians so they have to pay more, but this can be a trade off in some cases to work more hours. The other issue you run into is if you work in a town with 10,000 people they are most likely going to need a family practice doctor and not a plastic surgeon because the market is not there. In all reality if you do pursue medicine the pay will vary a lot but you will make enough to have a good lifestyle no matter where you end up or what speciality you match into.
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Pamela’s Answer

Hi Justice,
As others have noted, the pay is variable depending on practice location, specialty, years of experience, private practice vs academic, etc. the range given all the variables could be in the low 100K range as a starting salary, on up from there. Senior doctors in certain specialties make much much more. Average overall is probably in the mid- to upper 200K range. Keep in mind some of the compensation includes benefits such as matching retirement/pension plans, health insurance, disability, tuition assistance, and bonus/incentives.
Hope this helps!
Pam
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Aisha’s Answer

Salary is more than likely based on what type of Doctor, but acccording to the Medscape Physician Compensation Report, in 2021, Primary Care Physicians in the United States earned on average $260,000, while Specialists earned $368,000.
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Joseph’s Answer

This is a really tough one to answer, mostly because there are so many different variables. Qualifications can be a big part, for example where you went to school or did the residency program. A lot of large physician groups pay as fee for service, the doctors have a set amount agreed upon, and some are called accountable care organizations that get paid based on meeting certain quality measures thru the year set by insurance companies. Residency physicians make upper 5 figures, once out of residency depending where you work you can expect $150,000 or more. It depends on location, skill level, education and more. Hope this helps! Joey
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