Background: There is a high demand for shoulder/elbow experience among hand-fellowship trainees due to the perception that this exposure will improve their professional “ marketability” in a subspecialty they perceive as having higher compensation. Methods: Using Medicare data, we investigated the most common surgeries from these fields and determined which have the highest compensation [work relative value unit (wRVU), payment, charge, and reimbursement (payment-to-charge percentage] rates per operative time. We then determined whether the overall non-weighted and weighted (by surgical frequency/volume) compensation rates of shoulder/elbow surgery are greater than that of hand surgery. Results: Among 30 shoulder/elbow procedures, arthroplasty and arthroscopic rotator cuff repair had the highest payment and wRVU assignments. Among 83 hand procedures, upper-extremity flaps, carpal stabilization, distal radius open reduction internal fixation (ORIF), both-bone ORIF, and interposition arthroplasty had the greatest wRVU assignments with correspondingly high payments. A non-weighted comparison of the two subspecialties showed that hand surgery has a higher mean payment/min ($10. 46± 3. 22 vs. $7. 52± 2. 89), charge/min ($51. 02± 17. 11 vs. $41. 96± 11. 32), and reimbursement (21± 4. 7% vs. 18± 5. 1%) compared with shoulder/elbow surgery (all, P<0. 01). Non-weighted mean wRVUs/min were similar (0. 12± 0. 03 vs. 0. 13± 0. 03, P = 0. 12). When weighted by procedure frequency, hand surgery had greater wRVUs/min (0. 15± 0. 036 vs. 0. 13± 0. 032), payments/min ($14. 17± 4. 50 vs. $6. 97± 2. 26), charges/min ($75. 68± 30. 47 vs. $42. 61± 7. 83), and reimbursement (20± 5. 0% vs. 17± 6. 0%) (all, P<0. 01). Conclusion: According to Medicare compensation, and when weighted by procedure frequency, hand procedures are associated with greater overall mean wRVUs/min, payments/min, charges/min, and reimbursement compared with shoulder and elbow procedures. Hand-surgery fellowship applicants should be aware that subspecialty compensation is complex in nature but should seek shoulder/elbow elective experience to acquire an additional surgical skill-set as opposed to primarily monetary reason.