Candidate Corner

Medical Specialty Spotlight: Psychiatry

Posted by Anonymous at 11/3/2016 9:12:10 AM

Psychiatry Trends and Physician Salaries

Medical Specialty Spotlight: Psychiatry


In our special feature entitled “Medical Specialty Spotlight,” we review trends in a variety of medical specialties related to healthcare recruitment, physician compensation and industry trends. Today, we will look at Psychiatry.

  Number of active psychiatry physicians: 39,180   
  Most in demand medical specialty ranking: 2nd  
  Percentage of active psychiatry physicians that are 55 or older: 60%  
  Average starting psychiatry physician salary: $250,000    

Psychiatry Trends

  • For the first time in the 23 years Merritt Hawkins has conducted the Review, psychiatrists were second on the list of our most requested recruiting assignments. This is a clear reflection of the focus healthcare providers are putting on addressing mental health challenges in the United States.
  • With many psychiatrists aging out of the profession, and with a preference among psychiatrists for outpatient practice settings, it is becoming increasingly difficult to recruit to inpatient settings.
  • Average salary offers for psychiatry physicians increased by 11% in 2016, from $226,000 to $250,000.

We invite you to search our nationwide permanent psychiatry jobs. If you have any questions or want more information regarding a physician job or any other matter, request a call from one of our expert physician recruiters.

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