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For the fifth straight year, family physicians were the most sought-after physician group, according to a recruitment and retention survey conducted by physician search firm Merritt Hawkins. The survey found that the average salary for family physicians in 2010-11 was $178,000 compared with $205,000 for internal medicine physicians and $183,000 for pediatricians. Fifty-six percent of Merritt Hawkins physician search assignments in 2010-11 featured hospital employment of the physician, an increase of 5 percent from the previous year.
Although these salaries are lavish by the standards of most other professions, they're only moderate among physicians. For example, emergency physicians out-earn most primary care practitioners. The salary range for family medicine ran from $162,908 per year to $221,196, according to Modern Healthcare. Internal medicine paid $188,500 to $236,544. However, specialists tended to earn more than emergency physicians. For example, the salary of radiation oncologists ranged from $266,900 to $519,677, while gastroenterologists earned from $355,484 to $468,571 per year.