Most 2021 final-year medical residents want to work in hospital settings, none want to work in rural areas, and male residents expect to earn more than $250 000 in their first practice.
According to results from the Merritt Hawkins 2021 Survey of Final-year Medical Residents, most ready to enter the health care work force have no interest in starting a solo practice, preferring a hospital setting to the potential headaches of running a business.
Very few are interested in working in rural areas and most are more concerned about earning potential and leisure time than about COVID-19 health risks in their first setting.
Surveys were emailed to residents in March, results compiled in April, and the complete report released in May, 2021. (Please see the full report for methodology.)
2021 residents receiving fewer recruitment offers, likely a result of COVID-19. Only 62%of final-year medical residents surveyed said they had received ≥26 job solicitations during their training, compared to 82% in 2019.
Geography leads the wish list with hard times ahead for rural health care. None of the medical residents surveyed would prefer to live in a community of ≤10 000 people, a bad sign for rural communities. Only 3% would prefer to live in a community of ≤25 000.
Hospital settings preferred, no-go on solo practice. More residents (45%) would prefer hospital employment as their first practice setting than any other type of setting. Only 1% would prefer a solo setting signaling the further decline of traditional private practice.
2021 final-year medical residents more concerned with income, lack of leisure time than COVID-19 health risks. As they enter their first practice setting, 45% of residents said COVID-19 health risks are very or somewhat concerning.
Women are in demand post-residency, but expected earning power lags. Women finishing residency received more job solicitations than men: 70% of female residents said they received ≥26 job solicitations during their training Only 54% of male residents said the same.