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Physician compensation rises 5.1% in US this year, report says

December 19, 2017

Physician compensation in the US rose 5.1% this year and physician job advertisements increased year-over-year in 10 large metropolitan areas, according to a new research study on the 2017 labor market for doctors released by Doximity, a social network for physicians and advanced practice clinician.

These are the five metro areas with the largest compensation growth, according to the report:

  1. San Francisco: 16%
  2. Indianapolis: 14%
  3. Los Angeles: 13%
  4. Philadelphia: 11%
  5. Milwaukee: 10%

Among 10 common medical specialties analyzed, physician job postings have increased overall. Geriatrics saw the most growth, at 164%, compared to a 23% increase in cardiology.

And these are the most in-demand medical specialties:

  1. Geriatrics: 164% job growth
  2. Urology: 49%
  3. Oncology: 45%
  4. Hematology: 39%
  5. OB-GYN: 31%

The study draws from a sample of more than 12,000 physician job advertisements nationally. Compensation growth was drawn from 40,000 self-reported compensation surveys.