Piggy Bank with Coins

Although I don’t have to choose a specialty now, it is something that’s been on my mind lately.  I think when I do rotations it will become more obvious which fields interest me and which ones don’t.  However, right now, they all look good!  One of my friends showed me this awesome website that shows surveys of physicians compensations in almost all specialties, and it really helped my left brain quantify the pros and cons of each specialty based on compensation and physicians’ satisfaction.

Here’s the website: http://www.medscape.com/features/slideshow/compensation/2012/public

I think anyone going into medicine will find it interesting, and the data is not just about money.  For example, here are some facts:

1. 33% of radiologists made over $400,000 last year, making it tied with orthopedics as the highest paid specialty (with a mean of $315,000).  19% of orthopedic surgeons made over $500,000 last year.

2. Physicians specializing in dermatology were the most satisfied with their jobs.

3. Pediatrics and family medicine were the lowest compensated, with mean salaries of $156,000 and $158,000 respectively.

4. If given the chance to do it over again, only 54% of physicians would choose medicine as a career.

You can also go into detailed reports for each specialty.  You have to create an account in medscape, but it’s free and easy to do.  Other interesting information you can find for each specialty: the practice setting in which physicians earn the most money, where in the US physicians earn the most money, what career they would have chosen if they did not choose medicine, the percentage of physicians who would choose their specialty again, and much much more.

Anyways, I hope you guys find it helpful!