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REPORT: Plenty of Job Offers for Newly Graduated Physicians

01/21/15

Some good news just came out that might be eye-opening for medical school graduates entering or finishing up residency. According to newly released data, a majority of new physicians—more than 6 out of 10 survey respondents—have been getting dozens of job offers during their final year of residency training.

Per HealthLeaders Media, physician recruiters Merritt Hawkins surveyed physicians completing their final year of residency. Of the 1,208 respondents, more than 60% of these physicians reported receiving 50 or more job offers during their residency. Nearly half—46%—saw 100 or more offers.

“This is outstanding news for medical school students. These survey results confirm what we already knew—that there’s a great demand for physicians in the United States, and that this demand isn’t expected to go away anytime soon,” says Joseph A. Flaherty, MD, Dean and Chancellor of Ross University School of Medicine (RUSM). “I have no doubt that this is encouraging news for the 800+ RUSM graduates who started residency in 2014.”

Other takeaways from the survey results include:

  • 78% of physicians surveyed expected to earn $176,000 or more in their first year of practice.
  • Work/life balance has become increasingly important for physicians. Geographic location, lifestyle, and adequate call coverage/personal time all ranked as the three most important factors when considering practice opportunities.
  • Thirty-six percent of respondents indicated that they’d be most open to working for a hospital, followed by partnerships (20%), multi-specialty groups (14%), and single-specialty groups (11%).

Source: HealthLeaders Media

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