Physicians over age 40 earn $60K more annually

Emily Rappleye - Thursday, September 5th, 2019

Physician earning power gets better with age, according to Medscape's "Young Physician Compensation Report 2019."

The report is based on a survey of 3,400 physicians under age 40 and data from Medscape's other compensation surveys.

Physicians ages 40 to 69 generally earn about $60,000 more each year than their younger counterparts under age 40. This pay gap is much wider for specialists ($72,000) than primary care physicians ($32,000).
Younger physicians are more likely to be employed (79 percent) than older physicians (60 percent).
Physicians under age 40 are more diverse. The young cohort surveyed was 45 percent female, compared to 34 percent of older physicians. Younger physicians were also less likely to be white (56 percent versus 66 percent). The younger cohort had greater representation across all minority groups.