Students on rounds confer

Many physicians are self-employed, although an increasing number have salaried positions with health care organizations and institutional positions in areas such as military services, public health services, academia and industry.

Salaries of first-, second- and third-year MCG residents as of July 1, 2012:

  • First year - $46,179
  • Second year - $47,573
  • Third year - $49,175
  • Fourth Year - $51,027
  • Fifth Year $52,999
  • Sixth Year - $55,231
  • Seventh Year - $57,326
  • Eighth Year - $60,731

The average income of practicing physicians who have completed a residency program is around $150,000. For physicians employed by institutions such as academia, salaries are somewhat lower.