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Physician Medical Director Salary in Cottage Grove, MN
How much does a Physician Medical Director make in Cottage Grove, MN?
$383,283 (USD)/year
Average Bonus
$67,534 (USD)
per Year
Total Compensation
$445,245.46
Entry Level
$257,349
Median
$377,711
Senior Level
$469,223
As of July, 23, 2026, the average physician medical director gross salary in Cottage Grove, Minnesota is $383,283 or an equivalent hourly rate of $184. In addition, physician medical directors earn an average bonus of $67,534. An entry level physician medical director with 1-3 years of experience earns an average salary of $257,349. At the higher end of the pay range, a senior level physician medical director with 8+ years of experience earns an average salary of $469,223. Salary estimates are based on salary survey data collected directly from employers in Cottage Grove, Minnesota.
Data powered by ERI
Salary Potential for a Physician Medical Director
Explore the estimated salary growth for a Physician Medical Director in Cottage Grove, MN for up to 5 years. The estimated salary of a Physician Medical Director will be $393,940 in 1 year and $439,614 in 5 years.
View Salary by Year
Estimated Salary
$404,893
Average Growth
5.6 %
The estimated salary for a Physician Medical Director in 2 years is $404,893, which is 5.6 % average growth. This information is based on ERI's compensation database.
Typical Physician Medical Director Education
This chart displays the highest level of education for Physician Medical Directors.
- 0% of Physician Medical Directors have less than a High School Diploma
- 0% of Physician Medical Directors have a High School Diploma
- 0% of Physician Medical Directors have an Associate's Degree
- 0% of Physician Medical Directors have a Bachelor's Degree
- 0% of Physician Medical Directors have a Master's Degree
- 100% of Physician Medical Directors have a Doctorate Degree
The typical field of study for a Physician Medical Director is Health/Health Care Administration/Management.
See how education can impact your salaryPopular Skills for a Physician Medical Director
Advises hospital
67%
Coordinates activities
33%
These are the most popular skills for Physician Medical Directors. About 67% of Physician Medical Directors have a skill in Advises hospital.
See how skills can impact your salaryAre you getting paid what you're worth?
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Physician Medical Director Salaries in Other Locations
Salaries for Similar Job Titles in Cottage Grove, MN
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View moreCost of Living in Cottage Grove, MN
The cost of living in Cottage Grove, MN is 2% lower than the national average.
2% lower
than the national average
Whether you're planning to move or just want to see the cost of living in different locations, our cost-of-living calculator is the place to start. Compare salaries for other locations by city, U.S. ZIP code, state, or country.
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Frequently Asked Questions
What does a Physician Medical Director do?
Directs, plans, and coordinates activities of employees engaged in medical services. Advises Hospital Administrator on matters related to medical services. Requires extensive experience as a medical doctor.
How much does a Physician Medical Director make in Cottage Grove, MN?
The average salary for a Physician Medical Director is $383,283 per year or $184.27 per hour in Cottage Grove, MN. Top earners have reported making up to $469,223. However, the typical pay range in Cottage Grove, MN is between $257,349 and $469,223 annually.
What is the salary trajectory for a Physician Medical Director?
Physician Medical Director is projected to see a 14.7 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Physician Medical Director salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
For Employers
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