Residency Salary Guide for New Physicians

October 1, 2025February 12, 2021 by Justin Nabity

Once Match Day and med school graduation are behind you, the idea starts to sink in:

You’re about to become a physician.

For most medical school graduates, this is an exciting time in life. It’s your first chance to work full-time in a hospital.

It’s your first real opportunity to understand what hands-on patient care is all about. And it’s finally time to start earning a paycheck.

Regardless of the school of medicine you attend, residency is a requirement for every physician.

But residents, unfortunately, do not earn the big bucks.

So how much do residents actually make? Does it matter where you do your residency? Is specialty a factor? Do you get a raise or an increase for every year you’re in training?

Whether you’re about to start medical school or are already starting to interview for residency programs, here’s our residency salary compensation guide for new physicians.

Compensation: Comparing the Top Reports of 2020

January 3, 2025December 4, 2020 by Justin Nabity

As we approach the end of the year, millions of healthcare professionals are reflecting on their financial year. The COVID-19 pandemic has disrupted virtually every aspect of social and economic life in the United States. Therefore, it is an especially important time to think about how best to preserve your financial health moving forward. There … Read more

Preparing For Your Job Search After Residency

December 19, 2024October 14, 2020 by Justin Nabity

Life as a medical resident is full of ups and downs. On the positive side, you’re reaching the end of your schooling and training, and you’re almost ready to find that first full-time job as a practicing physician. On the negative side, you’re reaching the end of your schooling and training — and finding a … Read more

Physician Compensation Report 2020

August 6, 2025September 11, 2020 by Justin Nabity

Regardless of your specialty or what city you work in, most physicians are curious about how their salary stacks up against the competition. Moreover, whether you’re thinking about practicing in a new state or wondering if your signing bonus is what it should be. Know the facts to protect yourself and your earnings.

Let’s answer some questions:

Which physicians make the most money?
Moving a few states away to increase your salary?
How your specialty compares against the salaries of physicians in other areas of medicine?

We wanted to know:

How much physicians are really making
Which specialties are in the greatest demand
Which regions of the country are hiring the most
Where physicians are being offered the biggest bonuses

Spending hours pouring through hundreds of pages in pricey compensation reports is usually the only way to find this information — but we did the legwork for you.

Therefore, we have created our second annual physician compensation report to help.

In this report, we detail:

How physicians in different medical specialties and regions of the United States are being paid for their work
The gender wage gap
How much physicians are earning in bonuses and incentives
Which specialties are in the greatest demand

In addition, we’ve compiled data from nearly a dozen different sources to offer you:

The Free Physicians Thrive 2021 Physicians’ Compensation Report

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**The Free Physicians Thrive 2021 Physicians’ Compensation Report**