There are a number of important differences between W-2 and 1099 physician jobs. Most of these aren’t unique to physicians; however, since both types of work are so common in our profession, it’s especially important for doctors to understand the differences.
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Figuring out how to make extra money as a resident physician doesn’t need to be an added source of stress in your life. Here are some great clinical and nonclinical options.
You don’t need to be a dermatologist, plastic surgeon, or other procedure-heavy, narrowly focused specialist to enjoy a great income as a physician. There are a number of ways that family medicine physicians, internists, pediatricians, generalists, and doctors in traditionally “low-paying” specialties can earn a higher-than-average income.
Uncertainty about income is one of the main hesitations among physicians considering a transition to a nonclinical position. Average physician salary by specialty is easy to find, but is largely drawn from surveys of physicians practicing in traditional clinical settings. This post aims to provide a ballpark physician salary comparison for the most popular nonclinical jobs.
Employers don’t want to offer you a higher salary than they absolutely need to in order for you to accept a position. So some of them will try to find out what your current salary is. Sharing your salary is unlikely to help you, and highly likely to work against you when it comes to negotiating a job offer. Find out how to respond to this when you’re asked.
When asked, “What are your salary expectations?” during the application hiring process, many medical professionals feel backed into a corner. You don’t need to be forthcoming with this information. Here’s what to say instead of spitting out a number.