Fiance say wants to lateral out of medicine
Greetings Board,
My fiance' is an experienced board certified physician with a pretty good sub-specialty and graduated from a top 10 ugrad and top 5 med school. Recently she has become aware of a small exodus of physicians leaving the field and lateraling over to Ibanks and hedgefunds with no prior finance experience. Is anyone familiar with this phenomenon and how hard would you reckon it to be given her credentials and the prestige whore-dom of the industry
greetings
Well, Michael Burry did it, and he's only got one good eye.
http://www.gurufocus.com/news.php?id=86250
[quote=Edmundo Braverman]Well, Michael Burry did it, and he's only got one good eye.
http://www.gurufocus.com/news.php?id=86250[/quote]
If your fiance has Asperger's, she should be all set.
You should be glad the papers aren't signed yet.
http://www.wallstreetoasis.com/blog/sell-your-options-dearly-marriage
I think people should try for whatever really want in life no mater the odds! but from a rational perspective, its a bad idea- throwing away a guarantee high income in medicine for a shot at high finance. I personally have not heard of any ex-doctors at investment banks and hedge funds. And to be honest, the idea sounds pretty silly to me. But I'm sure there are- just like there must be people without college degrees at all. Of course, It'll be hard to make the case to hire somebody in their late 20s with no relevant education or experience for a prestigious position in high finance. There are just too many better qualified people. And unlike medicine- not every position at a bank or hedge fund is something to be proud of (for someone of your caliber that is). What are your reasons? Have you lost interest in medicine, are you hoping for a higher payout in another industry, or has finance just caught your interest post-08?
"hoping for a higher payout "
i told her that bitching about 285k a year is a little silly given the fact that she would be starting all over again and she has no debt from school as it is. plus, IB is very cut throat and folk are land locked to nyc, conn, chicago and sf
Let's get some facts down.
She went to med school and is a physician who now wants to enter IB. I'm guessing she's around 30yrs old.
I have no idea how this could be possible, perhaps buy-side ER with a speciality in the pharms. industry shows a glimmering light. But still, she has no knowledge of finance/business/valuation/economics.... has she even read the WSJ more than 5 times in the past ten years?
It's doable, however 30 is over the hill for an analyst. I have and admissions offer to med school but I'm attempting to go to IB.
Stupid idea.
If she is bored maybe she should start a small business on the side, or maybe you should pump some kids out. I'm assuming you work as well, if she is earning 285k p.a. then you guys should have more than enough funds to do something entrepreneurial and try and raise your income.
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