Physician net worth: Which specialties see over $5M, under $500K

Physician compensation continued to rise in 2022, with 60 percent reporting a family net worth above the national average, according to Medscape's "Physician Wealth & Debt Report" published June 9. 

The report is based on survey responses from 10,011 U.S. physicians in more than 29 specialties collected between Oct. 7, 2022, and Jan. 17, 2023. 

Average physician compensation was $352,000 in 2022, up from $299,000 in 2018. About 59 percent of physicians reported family net worth exceeding $748,800 — the national average for an American family, according to the Federal Reserve.

Specialties ranked by the percentage of physicians worth more than $5 million: 

Plastic surgery — 31 percent 

Orthopedics — 28 percent

Gastroenterology — 25 percent 

Urology — 23 percent 

Cardiology — 22 percent 

Ophthalmology — 18 percent 

Radiology — 17 percent 

Oncology — 17 percent 

Pathology — 14 percent 

OB-GYN — 14 percent 

Diabetes & endocrinology — 13 percent 

Dermatology — 13 percent 

Anesthesiology — 13 percent 

Critical care — 13 percent 

Otolaryngology — 12 percent 

General surgery — 12 percent 

Pulmonary medicine — 12 percent 

Physical medicine and rehabilitation — 12 percent 

Rheumatology — 10 percent 

Infectious diseases — 10 percent 

Emergency medicine — 8 percent 

Neurology — 8 percent 

Psychiatry — 8

Internal medicine — 7 percent 

Allergy and immunology — 7 percent 

Nephrology — 6 percent 

Public health and preventive medicine — 6 percent

Pediatrics — 5 percent 

Family medicine — 5 percent 

 

Specialties ranked by the percentage of physicians worth under $500,000:

Family medicine — 35 percent 

Rheumatology — 33 percent 

Public health and preventive medicine — 33 percent 

Physical medicine and rehabilitation — 32 percent 

Neurology — 32 percent 

Nephrology — 30 percent 

Pediatrics — 30 percent 

Internal medicine — 29 percent 

OB-GYN — 27 percent 

Dermatology — 27 percent 

Psychiatry — 27 percent 

Critical care — 26 percent 

Diabetes and endocrinology — 26 percent 

Ophthalmology — 23 percent 

General surgery — 23 percent 

Infectious diseases — 22 percent 

Emergency medicine — 21 percent 

Oncology — 20 percent 

Urology — 20 percent 

Allergy and immunology — 19 percent 

Anesthesiology — 19 percent 

Pulmonary medicine — 18 percent 

Cardiology — 18 percent 

Pathology — 17 percent 

Radiology — 15 percent 

Plastic surgery — 15 percent 

Gastroenterology — 14 percent 

Otolaryngology — 13 percent 

Orthopedics — 13 percent 

 

View the full report here.

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