After the stress of the USMLE comes the job. But before you get there, it’s only natural to wonder what your paycheck will look like. The truth is, several factors can influence your pay after the USMLE. So, let’s dive into the salaries you can expect from residency to attending with hard numbers and real stories.
Resident Salaries
In 2023, first-year residents (PGY-1) made an average of $60,000 to $65,000 yearly, according to Medscape’s 2023 Resident Salary & Debt Report. That’s manageable, but with 60–80 hour workweeks, it may feel like you’re working minimum wage.
Different specialties pay differently:
- Internal medicine or pediatrics: around $58,000
- Surgical residencies: about $70,000 by PGY-3 or 4
Imagine you got an internal medicine residency in Chicago. You’re thrilled to match but grumbling about rent. Scraping by on $62,000 after taxes may not be easy, but as you progress, the pay does get better.
Location also matters:
- California or New York residencies: $65,000–$70,000
- Rural Midwest programs: as low as $55,000
Benefits like health insurance or loan repayment can help, but you’re still stretched thin. You might wonder if the low pay is fair for saving lives, or just a brutal rite of passage. It’s temporary—3 to 7 years depending on your specialty. Remember, after residency comes attending, and this is where the USMLE grind starts paying off.
Attending Salaries
According to Medscape’s 2024 Physician Compensation Report, primary care attendings such as family or internal medicine make around $265,000 a year.
Specialists also make bank:
- Orthopedic surgeons: $550,000
- Cardiologists: $400,000
- Psychiatrists: $280,000
Still, factors such as location, experience, and type of practice (private vs. academic) change the numbers. For example, a dermatologist in New York City might clear $500,000, while the one in Montana earns $350,000.
Imagine Dr. Ahura, a gastroenterologist in Texas making $450,000 a decade after USMLE Step 3. To the outside eye, it may be worth the sleepless nights, but those first years as an attending were very rough. Building a practice and tackling debt isn’t easy at all.
And here’s the shocker: specialists don’t always earn more than primary care. Some family doctors in private practice hit $300,000 with bonuses. At the end of the day, different hospitals pay differently.
IMG Salaries
For IMGs, the case is a bit different. IMGs often start lower, around $200,000 in primary care, because you’re more likely to work in underserved areas.
Step 2 CK is your shot to shine. Score below 240, and top residencies can ghost you. Your choice is to study as much as you can to score as high as you can. Use every material and resource at your disposal, such as question banks like CanadaQBank. Do not enter the exam with fear—at the end of the day, it is an exam and can be passed.
Take Chima, an IMG we know. He barely passed Step 2 CK but landed a rural family medicine residency at $58,000, with loan repayment. Now he’s an attending making $270,000. Your path isn’t straight, but it’s doable.
What Else Affects Your Earning Power?
Location
Salary isn’t just about passing the USMLE. Location plays a huge role.
- Urban centers: higher pay but higher living costs.
- Academic hospitals: around $250,000 for internists.
- Private practice: $300,000+ for internists.
Subspecialties like interventional cardiology can push you past $600,000, but that’s after years of fellowship (Doximity 2023 Physician Compensation Report).
Debt also matters. The average med school debt is $200,000–$250,000 (AAMC).
Gender
Gender is another factor. Female physicians typically make about 25% less than male counterparts.
- Female cardiologist: $350,000
- Male cardiologist: $450,000
That’s a $100,000 difference. Maybe negotiation gaps, maybe plain bias—but either way, it’s frustrating.
Overtime, bonuses, and RVUs (relative value units) also boost pay. Hospitals reward procedures, so busy specialists cash in.
Rural jobs sometimes beat higher urban salaries because of loan forgiveness programs (HRSA).
Is USMLE Worth the Money?
It all depends on what’s important to you. You need to think long-term.
- As a resident, you’ll get $60,000–$70,000 for 80-hour weeks, scraping by on $62,000 after taxes in places like Chicago.
- In California or New York, salaries go up to $65,000–$70,000.
- As an attending, you’re looking at $265,000–$600,000, depending on your specialty—like Dr. Ahura earning $450,000 as a gastroenterologist, though building a practice and tackling debt wasn’t easy.
- As an IMG, you may start at $58,000 in residency like Chima, reaching $200,000–$270,000 as an attending in underserved areas.
Salary isn’t just about passing the USMLE. Location, specialty, gender, and negotiation all play huge roles, with debt hitting $200,000–$250,000.
To maximize your potential, use CanadaQBank to study and boost your score. That means better residencies and better pay.
But the big question remains: Are you in it for the money, or the mission? Maybe it’s both. Only you can answer. Start with CanadaQBank to secure your future.

