The report, which was released Sept. 26 and surveyed 10,011 participants across more than 29 specialties between October 2022 and January 2023, defined “young physicians” as those 40 and younger.
- Young physicians earn an average of $326,000 annually.
- A total of 48% percent of young physicians are women, compared to 36% of those older than 40.
- Young male physicians make more than their female counterparts, earning $363,000 and $288,000 annually, respectively.
- Young physician compensation is rising the most in the western part of the U.S., at 17%.
- A total of 16% of young physicians experienced income decline.
- A total of 85% of young physicians work for an employer.
- A total of 15% of young physicians are self-employed.
- Young physicians average $51,000 in incentive bonuses annually.