Talking about money is one of the most important steps in your first job search as a physician, yet most residents finish training without being coached on how to discuss salary. Compensation transparency is improving across healthcare, and it’s important to ask informed questions before accepting an offer.
The good news is, you don’t need to be an expert in contract law to have these conversations. You just need to know what to ask, when to ask, and what information matters most.
Here’s where to begin!
1. Ask for a Compensation Range
Before you spend time on travel or long interviews, it’s appropriate to request a ballpark range in the first serious conversation. At minimum, ask for:
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Expected salary or guarantee range
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Incentive or bonus structure
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Whether there is a productivity component (RVU/collections)
Professional employers will share a range without hesitation.
2. Ask When Pay Is Reviewed or Adjusted
Even a strong starting salary matters less if it never moves. During interviews, ask:
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How often are salaries reviewed?
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Is there a cost-of-living or merit increase schedule?
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What benchmarks must be met for an increase?
This helps you understand whether the role grows with you or stays static.
3. Compare the Whole Package, Not Just Salary
Compensation is broader than the paycheck. Clarify what else is included:
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Signing bonus and relocation assistance
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Loan repayment options
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CME funding and protected time
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Health, retirement, and malpractice coverage
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Call pay or differential pay
A “lower salary” can still be the stronger offer once benefits are factored in.
Compensation discussions are a normal part of physician hiring. Employers expect these questions.
Call (800) 880-2028 to explore jobs with work-life balance today!
