Physician is arguable the profession with the highest average pay for all those pursuing it. Yes, some doctors lament that investment bankers often earn much more. But investment banker isn’t a profession; it’s a high-paid specialty in the area of banking. The average banker does not enjoy the income the average physician has come to expect.
Yet a new survey of physician incomes by Medscape finds only about half believe they are fairly compensated, with a slight majority of primary care physicians feeling like they’re getting the shaft. Dermatologists (64%) and Emergency Room physicians (61%) are the most likely to feel fairly compensated. Plastic surgeons (37%) and pulmonary physicians and neurologists (both 39%) feel the least fairly compensated.
Internists (71%) and family medicine physicians (73%) and pulmonary physicians (69%) are the most likely to report they would choose a career in medicine if they had it to do all over again. Plastic surgeons (47%), Orthopedists (49%) and Radiologists (49%) are among the least likely to report they would choose a medical career again. Interestingly, the physicians who report being happy about their decision to go into medicine are among the lowest paid physicians, while those who (supposedly) regret their decision are among the highest paid. However, the grass is always greener… Nearly three-quarters of the happy doctors working in internal medicine and family medicine would choose a different specialty if they could make the choice again. The unhappy docs working in plastic surgery and orthopedics are happy with their choice of specialty — if not their decision to pursue a medical career.