If you want money and status, go to law school or go into investment banking and work on wall street. Money is a major motivating factor and makes medicine a really attractive profession. Not everyone has this incredible passion to help everyone and be a savior for the sick and all the other things touted on here that every premed is expected to have. Medicine is basically a high-level service job, but a service job nonetheless with a lot of the same negatives of the more ordinary service jobs. In an online questionnaire of 24,000 doctors representing 25 … Note the heavy sarcasm. By using our Services or clicking I agree, you agree to our use of cookies. I'd argue a doctor doesn't break even until age 45. Studying medicine usually involves 5 years of study at university, followed by more training years at the start of your career. There’s more demand for medical school than there are seats in a classroom. That being said, I do think AdComs can easily distinguish between a person who is faking passion for the field and who is genuine, so you are facing an uphill battle. This isn't considering that you become the top 10 percentile of your field and make way above the median income, which could very well happen if you apply the same work ethic you did in medicine. it often gets tossed around that "there are much better jobs for money than being a doctor" would anyone care to name a few? They also have 3 years of professional school and substantial debt, so the "time value of money" argument doesn't really apply to them like it does in some other fields. Let's compare this to CS: I believe that if you can work hard enough to get accepted to let's say.. A top 50 MD school; you could easily get a solid job as a CS major. I don't have a passion for science or helping people. This is fucking stupid. Cookies help us deliver our Services. I have friends and family in finance, consulting, accounting, and corporate law, and while many of them dislike their jobs, there aren't really any unique stressors that they have. But based on history, those in medicine are primary there to help themselves. Compound interest is working for the actuary at an early age, and it is working against the medical student/resident who is working 80+hrs/week. There are some people in big firms who make doctor money. Now; it's true that some doctors make crazy bank but they are not the average. I can guarantee you that if you get a 37 mcat and check the boxes you can fake it and get in somewhere. So maybe my future is in pharmacy or dental, I'll just have to wait and see. Press J to jump to the feed. But you'll never have the earning potential a doctor would. Welcome to /r/MedicalSchool: An international community for medical students. If anyone here is a med student or doctor in it just for the pay can you give me any advice on how not to be weeded out because I'm not passionate about medicine? A disturbing example, to be sure, but it just goes to show how valued the work of a physician is. 100k? That being said I worked in an investment bank for 3 months and it was without question my least favorite job that I've ever had, and that includes the job I had shoveling horse manure on a farm, so I have no regrets. If I had the option, I'd go back and do a normal "boring" office job that allowed me more mental sanity than this process. Every dollar you save and invest in your 20s and 30s becomes many dollars because of compound interest (and … However, if money is your sole reason for going into medicine, you've made a terrible decision, you're probably going to be miserable, and it'll be fairly obvious to colleagues and patients that you don't truly care about them, you just care about making $$$. I speak from personal experience. "Being in charge" sounds dictator like. In fact, only 41 percent of medical school applicants matriculated in the 2016–2017 school year, according to the American Association of Medical Colleges (AAMC).If you’re In addition, what are you investing in where you have compounding returns that grow at 8-10% per year? Be honest, we all want the money. I think if your objective is purely to make decent money you should look elsewhere because becoming a physician is an extremely long, frustrating and unpleasant path for someone who has little interest in medicine or patient care. I have compassion and empathy, I am not some monster. The latest version of an annual survey from Medscape/Web M.D., shows dissatisfaction among U.S. doctors rising. Dentistry: because holy fuck why are their students so damn attractive? It took multiple people dying and getting permanently disabled for them to finally stop him. You are free from medicine, from hard work, from dealing with truly heavy responsibilities. Same for programmers. Not everyone can work for Google...Meanwhile, pediatricians, i.e. If you have the smarts to get into medical school and be a doctor then you have the capability of succeeding in any other job that has better pay with less stressful, demanding, and expensive training. So don't just think I am going to not care about patients. Going into medicine for the money January 18, 2017 January 17, 2017 admin 0 Comments. 1st year neurosurgeon attending can clear $1 mil. Moreover, primary care physicians -- those who go into pediatrics, family and internal medicine -- earn barely more than the amount they accumulated in … Also I may not have a passion for helping people at this time. Law is not a good option. Being in charge of people is something that I don't see talked about on here, but I know that it's something that I enjoy. Today’s inane image of the day: With graduation around the corner, this struck me as an opportune time to talk about the finances of medical training. Just don't expect to like it. If you make 6 figures right out of college and save 70% of that, year after year, there's a limit to how much you can invest in 401K (18K/year) or Roth (5.5K/year), Yeah, no. I am seriously only in medicine for the high pay. I can think of a few... actuary, programming, engineering, finance, etc etc. Sure they might work 60 hours a week a lot, or have to travel, but that's about it. No amount of incentives were going to bring me back or cure me. Before you say why not go into finance or engineering or dentistry for the pay, I also want the status being a doctor gives you that you can't get in any other profession. I think the gist is about delayed gratification - you'll be accruing a scary amount of debt, but assuming you match, and finish your residency, you'll be able to find a job, pay off your debt and live comfortably. Or more likely, if I was only about the money, I'd try to find a way where I could a whole hell of a lot more than I'd ever earn as a doctor. The sooner you have money, the less money you need. I do think you should have other motivations, or at least like people/science, to pursue being a doctor. Press J to jump to the feed. May 13, 2015 October 24, 2019 Amanda Xi. its just kind of annoying when people brush it off like money isnt a part of it. There are limits to both. Law school is terrible right now, being a new lawyer is incredibly hard to find a good job if you don't get into a top ranked school. Why do over 400 doctors a year commit suicide? That opens you up to all kinds of liability. Go do dermatology, go do cardiology, be a radiologist. Do you mean 401K and Roth? No other career in the world all but guarantees a $200K+ salary. Now let's say that you do hypothetically get accepted somewhere. How do I convey why I want to be a doctor without them seeing right through me. I'm fine with the majority of what you said, but I hate the investment banking remark. Don’t go if you want a great work-life balance. Don’t go for prestige. When you say medicine is not very exciting, it sounds like you are trying to convince yourself. ... take back autonomy and rebuild the landscape of clinical medicine into … You are free giving, and free to take all you want. On the money side, the lifetime earnings and job security is second to none in other professions. If you defer your loans during residency, they'll rack up $600-900 per month in interest. However, know that its not like I dislike science, I am a chemistry major so I am not opposed to learning a lot more. 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