How many doctors are underpaid?

While exact numbers vary, a significant majority of physicians feel underpaid, with surveys in 2024-2025 showing around 61% of doctors believe physicians as a profession are generally underpaid, and over half (around 52%) feel personally undercompensated given their workload and demands, despite modest salary increases. This dissatisfaction stems from burnout, increasing administrative tasks, high education debt, rising overhead, and compensation not keeping pace with inflation or workload, leading many to seek extra work or consider leaving medicine.

Are doctors in the US underpaid?

Primary care physicians are grossly underpaid compared to procedural-based specialties. Pediatric subspecialists often earn less than general pediatricians despite years of extra training. The gender pay gap remains a staggering 24%, costing female physicians $2 million over their careers. There are endless examples.

What is the most underpaid doctor?

Medical Specialities with Lowest Reported Salaries

• Pediatric Endocrinology: $218,000.
• Pediatric Infectious Disease: $221,000.
• Pediatrics: $243,000.
• Family Medicine: $255,000.
• Geriatrics: $275,000.
• Preventive Medicine: $275,000.
• Endocrinology: $276,000.
• Infectious Disease: $288,000.

Are doctors making less money now?

And while pay for doctors is actually increasing overall, top-line numbers don't tell the whole story. Average physician pay went up 6% in 2023, according to the report, and physicians in major metro areas like San Jose, Calif., and St. Louis, Mo., are earning salaries of around $450,000.

What doctor makes $500,000 a year?

Doctors in surgical and high-demand procedural specialties frequently earn over $500,000 annually, with top earners often being Neurosurgery, Orthopedic Surgery, Plastic Surgery, Cardiology, and Thoracic Surgery, driven by complex skills, high demand (especially with aging populations), and lucrative elective procedures or emergency needs. Other fields like Radiology, Gastroenterology, Urology, and Anesthesiology also see average incomes exceeding this threshold.
 

Why DOCTORS are UNDERPAID

Is the average doctor a millionaire?

One-quarter of doctors in their 60s are not even millionaires. The chart from the prior year was even more stunning, as it showed 11%-12% of doctors in their 60s didn't even have a net worth over $500,000, and only 48% of doctors over 65 were multi-millionaires.

What jobs in the US pay $300,000 a year?

Jobs paying $300,000 or more in the U.S. are concentrated in medicine, finance, law, and high-level tech/executive roles, including specialist doctors (surgeons, anesthesiologists), C-suite executives, investment bankers, partners in big law firms, senior tech leaders (VPs/Directors of Engineering), management consultants (Partners), private equity executives, and top-tier sales directors, often involving significant bonuses, commissions, or profit-sharing. Some roles, like senior airline pilots or successful entrepreneurs/tradespeople, can also reach this level without traditional degrees. 

Who are the most overpaid doctors?

The highest-paid doctors in the U.S. are neurosurgeons, thoracic surgeons, and orthopedic surgeons. These surgical specialists earn average annual salaries between $650,000 and $760,000, making them the top earners among physicians.

Do doctors struggle financially?

Yes, doctors often struggle with money management due to massive student debt, high expenses, lack of financial education, and lifestyle creep, despite their high incomes, leading to a stereotype that they are bad with finances, but proactive education and planning can help them overcome these challenges. They often start late in saving and investing, facing a steep learning curve with significant debt and a high tax burden, which makes disciplined financial habits essential. 

What job pays $400,000 a year without a degree?

Yes, jobs paying over $400,000 without a college degree exist, with Walmart Store Managers being a prominent example due to increased bonuses and stock, while other high earners include roles in enterprise tech sales, commercial real estate, high-level trades (like nuclear operators, air traffic controllers), and self-made entrepreneurs/influencers, all relying on high skill, performance, and market demand, not just degrees, according to sources from Tallo and The Wall Street Journal. 

Which doctor works the least?

Public Health & Preventive Medicine

Because they are more likely to work in academic, governmental, nonprofit, or corporate settings, these jobs offer a similar work/life balance to many professions outside of medicine, working the fewest hours of many doctors.

Which doctor is the lowest paid?

The lowest-paid doctor specialties consistently fall in primary care and certain pediatric subspecialties, with Pediatrics often cited as the lowest overall, followed by Public Health/Preventive Medicine, Family Medicine, and pediatric subspecialties like Endocrinology, Rheumatology, and Infectious Diseases. These roles offer lower compensation than surgical or high-demand adult specialties, often due to the broad nature of primary care and the focus on children's health, though they provide excellent work-life balance for many.
 

Is it financially worth it to be a doctor?

Is becoming a doctor worth it financially? Yes, doctors can earn a good amount of money, thus ensuring an excellent return on investment. But it takes a long time and effort to become a doctor, so you need to be ready for that.

Who is the lowest paid doctor?

The lowest-paid doctor specialties consistently fall in primary care and certain pediatric subspecialties, with Pediatrics often cited as the lowest overall, followed by Public Health/Preventive Medicine, Family Medicine, and pediatric subspecialties like Endocrinology, Rheumatology, and Infectious Diseases. These roles offer lower compensation than surgical or high-demand adult specialties, often due to the broad nature of primary care and the focus on children's health, though they provide excellent work-life balance for many.
 

Do doctors work 7 days on 7 days off?

Yes, many hospital-based doctors, especially hospitalists, work a common "7 days on, 7 days off" schedule, working long shifts (often 12 hours) for a week, including weekends, then having a full week off, which allows for long periods of rest but can lead to burnout during work weeks. This schedule ensures continuity of care for patients but is just one model, with other specialties like emergency medicine or surgery having different patterns, and some doctors even prefer more frequent, shorter shifts.
 

What profession has the highest debt?

The typical student in the U.S. borrows more than $35,000 in student loans to earn a bachelor's degree. However, graduates of certain professions owe significantly more. Oral surgeons, orthodontists, and radiologists face some of the highest average student loan debts.

What is the golden rule for doctors?

But the essence of medical ethics, the golden rule, has been largely overlooked or undervalued: “Whatsoever ye would that men should do to you, do ye even so to them” (Matthew 7:12). If man lived alone, a code of ethics would be superfluous; only in society does it become requisite and intelligible.

Do doctors ever pay off their debt?

Medical School Debt Repayment

The federal government recommends repaying student loans on a 10-year timeline; most borrowers cannot manage this. 31% of practicing physicians have repaid their medical school debt.

Do most doctors retire as millionaires?

Most physicians earn millions over the course of their careers — yet many don't retire wealthy. Why? In this week's episode of Off the Chart: A Business of Medicine Podcast, Jim Dahle, MD, FACEP, founder of The White Coat Investor explains the biggest financial mistakes that doctors make — and how they can fix them.

What is the easiest doctor to become with a high salary?

15 highest-paying doctor jobs

• Psychiatrist. ...
• Obstetrics and gynecology physician. ...
• Pathologist. ...
• Internal medicine physician. ...
• Family medicine physician. ...
• Emergency medicine physician. ...
• Orthopedic surgeon. ...
• Radiologist.

Do doctors get a kickback on prescriptions?

In the context of healthcare, kickbacks can occur when drug or device companies pay doctors to prescribe their products, even when those products may not be the best choice for the patient. Such practices can lead to increased drug costs, inappropriate prescribing, and even harm to patients.

What jobs allow you to make $500,000 a year?

Jobs paying $500k+ annually are typically in specialized fields like medicine (surgeons, anesthesiologists), high-level finance (investment banking, private equity), law (big law partners), senior tech roles (CTOs, VPs), executive management, and top-tier sales, often requiring advanced degrees, extensive experience, or significant risk/reward structures like commissions or ownership, though some skilled trades or specialized sales can reach this level. 

What jobs make $1,000,000 a year?

Jobs paying over $1 million annually typically involve C-suite executive roles (CEOs, CFOs), high-level finance (investment banking MDs, hedge fund managers, PE partners), specialized medicine (surgeons, anesthesiologists, top dermatologists/radiologists), top-tier tech (AI/ML, senior cloud/cybersecurity), and elite sales/entrepreneurship, often through high commissions, large bonuses, equity, or business ownership, requiring extreme expertise, responsibility, and long hours. 

What profession makes $400,000 a year?

Professions making $400,000 a year typically fall into medicine (specialized surgeons, anesthesiologists), law (partners in major firms), finance (investment banking, C-suite execs), big tech (senior engineers, executives), high-level sales (enterprise tech, medical devices), and executive leadership (CEOs), often requiring advanced degrees, specialized skills, and extensive experience, though top sales roles might bypass degree requirements for performance.