October 23, 2023- New research results announced from Medical Group Management Association (MGMA) and Jackson Physician Search, a leading firm in physician recruitment, confirm that physicians who completed residency or fellowship in the past six years spent less than two years on average in their first jobs before leaving, compared to practicing physicians of all ages who spent an average of six years at their first jobs.
The new report – “Early-Career Physician Recruiting Playbook“ – reflects feedback from physicians and administrators across the nation who took part in the 2023 Early-Career Physician Recruitment and Retention Survey commissioned by MGMA and Jackson Physician Search in August/September 2023. The survey sought medical group administrators’ and physicians’ unique views on the top factors influencing residents and fellows to accept and remain longer in their first jobs to inform better physician recruitment and retention strategies.
New physician job search survey takeaways:
- higher compensation (50%), geographic preference (37%), proximity to family (28%), career track/advancement (24%), and ability to work part-time or flexible hours (22%).
- The top factors physicians cited for leaving their first jobs were practice ownership/governance models (35%), followed by a tie between compensation (30%), geographic preference (30%), and career track/advancement opportunities (30%).