Psychiatry is the fastest-growing physician specialty, and the average annual salary in the field is $247,350.
This information comes from May 2022 data from the Bureau of Labor Statistics.
Here is how 12 physician specialties are expected to grow by 2032, along with their projected growth percentage and the current average annual salary:
1. Psychiatrists
Projected growth: 6.7 percent
Average annual salary: $247,350
2. Pathologists
Projected growth: 4.6 percent
Average annual salary: $252,850
3. Family medicine physicians
Projected growth: 3.7 percent
Average annual salary: $224,460
4. Radiologists
Projected growth: 3.6 percent
Average annual salary: $329,080
5. Neurologists
Projected growth: 3.2 percent
Average annual salary: $255,510
6. Cardiologists
Projected growth: 3.1 percent
Average annual salary: $421,330
6. Dermatologists
Projected growth: 3.1 percent
Average annual salary: $327,650
8. Emergency medicine
Projected growth: 2.8 percent
Average annual salary: $316,600
9. Anesthesiologists
Projected growth: 2.6 percent
Average annual salary: $302,970
10. Internal medicine
Projected growth: 2.5 percent
Average annual salary: $225,270
11. Obstetricians and gynecologists
Projected growth: 2.2 percent
Average annual salary: $277,320
12. Pediatricians
Projected growth: 0.9 percent
Average annual salary: $203,240