Getting Paid What You’re Worth as a Physician: How to Know Your Value and Get It

Most physicians have little to no formal business training. The only negotiating we do is with our patients, trying to convince them to take a statin to bring that total cholesterol value back under 300.

On the other hand, those that prepare our contracts often have business degrees. They negotiate contracts for a living, and their incentives and interests are rarely aligned with yours. It’s not a fair fight.

Fortunately, there are physicians and physician advocates looking to level the playing field, arm you with the data you need, and help you negotiate a deal that falls in your favor.

Getting Paid What You’re Worth as a Physician: How to Know Your Value and Get It


When I graduated from my residency in OBGYN in 2017, I went from making $49,000 per year to $250,000. Little did I know, one of my fellow residents was only making $235,000, at basically the same job, while another just got offered upwards of $350,000 just a few miles up the street.

I Thought I Was Paid Well…

Especially in my field of OBGYN, we’re a field heavily dominated by female physicians. Female physicians are historically known to have drastically lower salaries than our male counterparts and women are also known to be less likely to negotiate.I was wrong.

The Impact of Below Market Pay

Because these survey data sets are expensive to purchase, they are often prohibitory for individual clinicians to access. In order to obtain information that is pertinent to your field and situation, you can contact a physician contract lawyer or company who owns this data set and can pull and share the MGMA data on your behalf.

Get Your Hands on the Data