2024 Review of Physician and Advanced Practitioner Recruiting Incentives
starting salary increase for internal medicine 6.7%
starting salary increase for pediatricians 4.7%
Starting Salaries Up in Primary Care The 2024 Review indicates starting salary offers in primary care (family medicine, internal medicine, pediatrics) were up year-over-year, after being flat in previous years. Average starting salaries in family medicine grew from $255,000 last year to $271,000 this year, a 6.7% increase. Similarly, the average starting salary for internal medicine physicians grew from $255,000 last year to $271,000 this year, also an increase of 6.7%. General internists play an important role in managing the care of older patients, many of whom have multiple chronic conditions, and demand for their services will grow as the population ages. They also are the most numerous physician specialty, but the supply of general internists is likely to diminish as more of them are choosing to subspecialize. The average starting salary for pediatricians grew from $233,000 last year to $244,000 this year, a 4.7% increase.
PRIMARY CARE PHYSICIANS SEEING STARTING SALARY YEAR-OVER-YEAR STARTING SALARY INCREASES 2023/24 2022/23 INCREASE Family Medicine $271,000 $225,000 +6.7% Internal Medicine $271,000 $225,000 +6.7% Pediatrics $244,000 $233,000 +4.7%
These starting salary increases demonstrate that though search activity for primary care physicians has decreased relative to previous years, demand for primary care physicians remains robust while supply remains limited.
Starting Salaries for Specialists Over the last several years, starting salaries for medical specialists as tracked by the Review have generally increased, though not always on a year-over-year basis. These increases have reflected the growing demand for specialty services driven by population aging and other factors.
© AMN Healthcare 2024
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