How to Negotiate an Increased Physician Signing Bonus — And What To Do With It

After spending most of your 20s in college, medical school, and residency, you’re probably eager to start working as a doctor and making a doctor’s salary. After all, medical school didn’t come cheap, and you have the student loans to prove it.

But before you start work, you must agree on a contract with your new employer. As with your salary and benefits, your signing bonus is up for negotiation.

So how can you negotiate for an increased signing bonus without risking your chances of getting hired? Here are some tips on the process, as well as advice on what to do with this cash windfall once you get it.

How to Negotiate an Increased Physician Signing Bonus

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As you can tell, signing bonuses vary greatly. The amount depends on several factors, including your field of medicine and prospective place of employment. 

Do research so you know what’s a reasonable request

Once you have a figure in mind, clarify your priorities before going into negotiations. Of course, not everyone’s finances will allow them to be selective. But if you have some wiggle room, make sure you know what you’ll accept.

Determine what you’ll accept and what you won’t

According to Physicians’ Advocates, bringing in a professional is more likely to impress the employer than alienate them. Hiring an attorney or negotiator could send a message that you’re careful about the business aspect of your contract.

Consider bringing in an attorney or professional negotiator

Some employers even require doctors to return signing bonuses if they leave before a certain period. 

Find out if any strings are attached to the signing bonus

Whether your bonus has this stipulation, it’s probably best to make sure you’re committed to a workplace for the foreseeable future before accepting a big bonus check.

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