A recent survey of nearly 2,000 physicians found cardiologists had the highest annual income, at an average of $364,000, edging out urologists and dermatologists. (Surgeons were not included.)
Conducted by PracticeMatch, a healthcare recruiting and staffing company, the survey also noted cardiologists received average signing bonuses of $26,536 with their current practices. This was more than $8,000 more than the average across all specialties.
Hospitalists were the most likely to receive a sign-on bonus, however, with 44 percent of hires receiving such compensation. Cardiologists received sign-on bonuses 33 percent of the time.
Twenty-nine percent of the physicians reported having outstanding student loans, while just 9 percent received loan assistance in 2016.
The average respondent had an average tenure of 11 years in a current position and 17 years in practice.
Nicholas joined TriMed in 2016 as the managing editor of the Chicago office. After receiving his master’s from Roosevelt University, he worked in various writing/editing roles for magazines ranging in topic from billiards to metallurgy. Currently on Chicago’s north side, Nicholas keeps busy by running, reading and talking to his two cats.