Women and Minority Doctors Earn Much Less Than Their Counterparts

Although physicians typically pull in six-figure salaries, there are still significant wage gaps within the field, according to a new report.

Medscape’s annual Physician Compensation Report for 2017 found that male primary care physicians earned an average of $229,000, while their female counterparts earned $197,000. The wage gap decreased slightly to 16% from 17% in 2016, according to the report.

The report surveyed more than 19,200 physicians across more than 27 specialties and found that the average earnings among doctors is about $294,000. Specialists earned about $100,000 more on average than primary care physicians. According to the report, physician incomes have been on the rise over the past 7 years.

Among specialists, there is a 37% wage gap between average annual earnings of men and women, who earned $345,000 and $251,000, respectively. The report said the gap grew 4% from last year, possibly influenced by a smaller percentage of women in higher-paying specialties.

For the first time this year, the survey asked respondents to identify their race, and found that white doctors earn the most at $303,000. Black doctors earned the least at $262,000, while Asian doctors earned $283,000 and Hispanic doctors earned $271,000. The report found that more white and Asian doctors chose to specialize in their field than Hispanic and black doctors.

Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. Sign up today.

Read More

CryptocurrencyInvestingBanksReal Estate