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The average signing bonus for U.S. psychiatrists in 2021 is $33,000. Bonuses for psychiatrists range from $1,000 to $75,000. Across all physician specialties, signing bonuses in 2021 average $29,656, up 6.3% from the average $27,893 bonus in 2020. Signing bonuses are a common recruiting incentive among hospitals and medical groups, however they may not be part of incentive packages offered by academic medical centers, direct pay/concierge practices, urgent care centers, some Federally Qualified Health Centers (FQHCs), Indian Health, and other settings.

Of the five specialties most in demand during 2021 (family medicine . . .

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