Offices of physicians

Industry Group

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Workforce

2.67M

2019 BLS Estimate

Average Employee Age

43.9

Estimated Job Growth

11.5%

10-Year Projection

Average Salary

$92,544

Average Male Salary

$204,551

Average Female Salary

$206,054

About

The top three occupations in the Offices of physicians Industry Group are Physicians, Medical assistants, Receptionists & information clerks, Registered nurses, and Secretaries and administrative assistants, except legal, medical, and executive. On average, full-time employees in the Offices of physicians Industry Group work 43.6 hours per week and have an average annual salary of $102,686. Part-time employees in the same industry work 23.6 hours and earn an average annual salary of $45,312.

The locations with the highest concentration of employees in the Offices of physicians Industry Group are Wellington Village & Agricultural Reserve PUMA, FL, Birmingham & Bloomfield Area PUMA, MI, and Pima County (Northeast) PUMA, AZ. The industry that purchases the most products or services from the Hospitals Industry Group is Offices of physicians.

Photo by Lindsey Turner

Educational Services, Health Care & Social Assistance Health Care & Social Assistance

Workforce

A snapshot of jobs, wages, and opportunities in the Offices of physicians Industry Group. Physicians are the most common position, but the Offices of physicians Industry Group employs a relatively high number of Surgeons, compared to other industries.

The highest average salary in Offices of physicians goes to Other financial specialists.

Monthly Employment

Start Year

Y-Axis

8.44%

Year-over-year growth

Employment change between May 2020 and May 2021

As of May 2021, there are 1.74M people employed in the Offices of Physicians industry. This represents a 8.44% increase in employment when compared to May 2020.

This chart shows monthly employment numbers for Offices of Physicians over time (non-seasonally adjusted).

Occupations

Occupations by Share

2.67M

Workforce (BLS Estimate)

ACS Estimate: 1.77M

1.54%

1 Year Growth

± 2.57%

The Bureau of Labor Statistics estimates that there were 2.67M people employed in the Offices of physicians Industry Group in 2019.

According to ACS estimates, the number of people employed in the Offices of physicians Industry Group has been growing at a rate of 1.54%, , from 1.74M people in 2019 to 1.77M people in 2020.

The following graphic shows the share of employment in Offices of physicians by various occupations according to ACS estimates. Physicians represent the largest share of positions held in Offices of physicians at 16.2%, followed by Medical assistants with 12.5% and Receptionists & information clerks with 8.5%.

Most Common

The most common occupations in the Offices of physicians Industry Group, by number of employees, are Physicians, Medical assistants, Receptionists & information clerks, Registered nurses, and Secretaries and administrative assistants, except legal, medical, and executive.

Most Specialized

Compared to other Industry Groups, Offices of physicians employs an unusually high number of Surgeons, Medical assistants, and Physicians.

Highest Paid

The highest paid occupations in Offices of physicians, by average wage, are Other financial specialists, Surgeons, and Physicians.

Wages

Average Salary

$92,544

AVERAGE WAGE

± $2,320

On average, employees in the Offices of physicians Industry Group make $92,544 per year. This number makes Offices of physicians the 21 highest paying Industry Group in the United States out of a total of 269 Industry Groups.

Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

HIGHEST PAYING PUMAS

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Offices of physicians Industry Group.

Wage Distribution

0.557

WAGE GINI

Offices of physicians has a wage GINI of 0.557, which is more than than the national average of 0.478. In other words, wages are distributed less evenly in Offices of physicians (shown in red) in comparison to the national average for those wage buckets (shown in gray).

Opportunities

Spatial Concentration

Public Use Microdata Areas with RCA

This map shows the PUMAs in the United States that have revealed comparative advantage in the Offices of physicians Industry Group.

These are locations that employ more people in the Offices of physicians Industry Group than expected given both the size of that location's overall labor pool and the national size of the Offices of physicians Industry Group.

Diversity

Demographic information on the Offices of physicians Industry Group in the US. Male employees tend to earn less than Female employees, with average respective salaries of $204,551 and $206,054. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

1.37M

FEMALE WORKFORCE

±28.6k

400k

MALE WORKFORCE

±15.5k

77.4% of workers in the Offices of physicians Industry Group are Female, making them the more common sex in the workforce. This chart shows the sex breakdown of the Offices of physicians Industry Group.

Wage by Sex in Common Jobs

$204,551

AVERAGE MALE SALARY

±$7,098

$206,054

AVERAGE FEMALE SALARY

±$7,217

On average, Male workers in the Offices of physicians Industry Group make 0.993 times less than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Offices of physicians Industry Group.

Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

Asian
White
Two or More Races

On average, Asian employees in the Offices of physicians Industry Group earn 1.78 times more than other races and ethnicities. This chart shows the race and ethnicity-based wage disparities in the 5 most common occupations in the Offices of physicians Industry Group.

Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Offices of physicians Industry Group. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries. Professional and business services has the highest single input, by dollars, to the Offices of physicians Industry Group, and the largest industry purchasing services from the Offices of physicians Industry Group is Educational services, health care, and social assistance.

In this flow diagram, all of the industries listed to the left are those places from which the highlighted industry has made purchases. They are the intermediate inputs to the highlighted industry. All those industries listed on the right side are those industries that have made purchases from the highlighted industry. They are the use of outputs of the highlighted industry. The visualizations below offer alternative ways to see and understand this data.

Industrial Flow

The closest comparable data for Offices of physicians is from Educational Services, Health Care & Social Assistance.

Intermediate Inputs

The closest comparable data for Offices of physicians is from Educational Services, Health Care & Social Assistance.

HIGHEST INPUT INDUSTRY

The Offices of physicians Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Professional and business services Industry. This visualization does not include labor and capital costs.

Use of Output by Other Industries

The closest comparable data for Offices of physicians is from Educational Services, Health Care & Social Assistance.

LARGEST PURCHASING INDUSTRY

The Educational services, health care, and social assistance Industry purchases the greatest share of products and services from the Offices of physicians Industry Group in order to produce other goods and services. Purchases of the Offices of physicians Industry Group for final consumption by consumers, businesses, or government are not included here.

Projections

Growth projections of the Offices of physicians industry, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 7.66% in the next ten years. The Offices of physicians industry has a higher projected workforce growth at 11.5%. Its projected 10-year growth in output (36.5%) is higher than the projected national growth in output (24.2%).

Job Growth

11.5%

Estimated Job Growth

10-year Projection

7.66%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Offices of physicians. This industry is expected to grow more than than 7.66%, the average rate of national job growth.