Despite being a popular career choice for women, it is not the best specialty for everyone. The lifestyle is challenging, as you are always on call for gynecologic emergencies. Many patients will challenge you with issues like IV drug abuse or difficult pregnancy, which can take a toll on your mental state and psyche. The rewards of the job, however, are great, as you get to build a relationship with each patient and see them through the entirety of their lives.
The average salary for an OB Gyn Resident is $266,050 in New York. However, there are several cities that pay above the average. Choosing the right location is important for your career. It is a good idea to consider the cost of living in each area, as a higher salary may not go as far in an expensive city.
A number of factors can influence a physician’s salary, including the type of practice and location. For example, OB/GYNs earn the most in hospitals, which have a median income of $364,440. This is followed by other majority-owned facilities, which make a median of $354,545. Single-specialty practices make a median income of $331,385. The type of practice also plays a role in the amount of overtime that you can expect to do. A professional can help you review your contract and negotiate your compensation, ensuring that you are making as much as possible. In addition, you should consider investing in disability insurance to protect your financial future.