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According to the 2022 Medscape Physician Compensation Report, physicians on average earn $339K annually. Primary care physicians earn $260K annually while specialists earned $368K annually. [6] The table below details the average range of salaries for physicians in the US of medical specialties: [6] [7]
On average, physicians in the US work 55 hours each week and earn a salary of $270,000, although work hours and compensation vary by specialty. [ 6 ] 25% of physicians work more than 60 hours per week.
A 2010 national study of physician wages conducted by the UC Davis Health System found that specialists are paid as much as 52 percent more than primary care physicians, even though primary care physicians see far more patients. [18] In 2005, primary care physicians earned $60.48 per hour; specialists, on average earned $88.34. [18]
Another factor that is potentially turning recent grads away from primary care is pay. “The average physician leaves training with more than $250,000 in debt,” says Falkner. And primary care ...
In 2012, the gross average salary for doctors in Canada was CDN$328,000. Out of the gross amount, doctors pay for taxes, rent, staff salaries and equipment. [90] In Canada, less than half of doctors are specialists whereas more than 70% of doctors are specialists in the U.S. [91] Canada has fewer doctors per capita than the United States.
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)
A primary care physician (PCP) is a physician who provides both the first contact for a person with an undiagnosed health concern as well as continuing care of varied medical conditions, not limited by cause, organ system, or diagnosis.
CEO pay includes salary, bonuses, stock sales, and other payments. Average CEO Pay is calculated using the last year a director sat on the board of each company. Stock returns do not include dividends. All directors refers to people who sat on the board of at least one Fortune 100 company between 2008 and 2012.