No One Is Immune to the Gender Pay Gap, Not Even Doctors

What's Hot

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

How a Mexican Tariff Will Boost the Cost of 6 Common PurchasesFamily

This Free Software Brings Old Laptops Back to LifeMore

How to Protect Yourself From the ‘Can You Hear Me?’ Phone ScamFamily

Report: Walmart to Begin Selling CarsCars

Is Your TV Tracking You? Here’s How to Tell — and Prevent ItAround The House

Trump Scraps FHA Rate Cut — What Does It Mean for You?Borrow

Where to Sell Your Stuff for Top DollarAround The House

11 Staging Tips to Help You Get Top Dollar When Selling Your HomeAround The House

8 Tuition-Free U.S. CollegesCollege

10 Overlooked Expenses That Ruin Your BudgetFamily

4 Car Insurers That Might Raise Rates Even When the Accident Wasn’t Your FaultCars

How to Invest If Trump Kills the ‘Fiduciary Rule’Grow

20 Simple Hacks to Make Your Stuff Last LongerAround The House

12 Surprising Ways to Wreck Your Credit ScoreBorrow

A new report produces this puzzling finding: The wage gap between highly trained women and their male peers in the medical profession is even bigger than the national average.

The gender pay gap is alive and well in the United States.

According to the Institute for Women’s Policy Research, there is a gender wage gap of 21 percent in the United States, meaning that women earn 79 cents for every $1 that men earn.

It seems no occupation is immune — even doctors. In fact, the pay gap is even worse for female physicians. According to a recent physician compensation report from medical information site Medscape, female doctors earn 24 percent less than their male peers. Overall, about 30 percent of doctors in the United States are women, the report said.

Medscape, which collected data from roughly 20,000 physicians in 26 different specialties, found that although women’s earnings increased more between 2012 and 2016 than men’s, female doctors still earn considerably less than their male counterparts.

For example, according to Medscape’s 2016 report, male primary care physicians earn an average of $225,000 a year compared with $192,000 for women. Male specialists earn an average of $324,000 to female specialists’ $242,000.

Not surprisingly, female physicians’ net worth is also much lower than that of their male counterparts. While half (49 percent) of male doctors report a net worth of $1 million or more, just one-third of female doctors can say the same, according to Medscape’s physician debt and net worth report.

“The persistence of these disparities is puzzling because we see no contractual bias from our clients against female candidates,” said Travis Singleton, senior vice president of Merritt Hawkins & Associates, a health care jobs placement service.

Women tend to work in medical specialties that aren’t as lucrative, according to Medscape. Still, there’s a significant wage gap even within specialty medical positions.

For example, male ophthalmologists are paid a whopping 36 percent more than women in that specialty, CNN Money reports, citing Doximity, a networking service for doctors. Anesthesiologists, radiologists and family practitioners have the smallest gender wage gap, the report said.

Check out “The Gender Pay Gap Is More Complex Than You Think.”

What do you think about the gender pay gap? Have you experienced it firsthand? Share your comments below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 11 Essential Money Matters to Discuss Before Marriage

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,790 more deals!