I am a young doctor facing a difficult decision
Basically, I'm this 26 year old junior doctor in the U.K. who had been dreading to leave the profession for greener pastures.
I'll be honest. I didn't want to train as a doctor in this country because of the meager pay, the long training, the lack of geographical flexibility (you get sent around the country, you often have to choose between your ideal residency vs. your ideal city, which is for me London and only London). I hated that I will only be part of a massive public and underfunded service, I hated the general lack of innovation, prestige, and competitiveness. A family doctor technically earns the same banded pay as a neurosurgeon.
I love flying, I love London, I love financial hubs, love good looking offices and want to look like a cool corporate elite. Medicine, especially in the UK, offers none of that, 99.9% of the time.
So I had my eyes set on Consulting/IB. I craved to have McKinsey or GS on my LinkedIn, craved to have sexy, million/billion dollar things to write on my CV.
I come from a mid-market non-target school brand in the UK. I had perfect scores for my high school diploma, had I opted for a liberal arts degree I would've had a decent chance at going to Oxbridge, and almost certainly in any top London school. But medical school demands 4.0s (or straight As) no matter where you go. I didn't care about university branding when I was 18.
I didn't enjoy most of clinical medicine, and ended up with pretty mediocre grades. A 2.1, or 3.3-3.7 equivalent in the USA. But it didn't matter for my residency. I was very active in academia and was genuinely passionate about heart surgery so I've been published in great journals, and had presentations in European, American, and even global heart surgery meetings. So I got into a good clinical training program in a leading centre.
I knew I wanted to leave early in my final year in med school. So I was spending most of my time prepping for standardized tests etc.
I applied to Wharton - dinged. I sent a 3 page CV and wrote crap on my essays. I was so out of touch with how the world really work. I made many changes, applied to Yale SOM's MBA and LBS' MiM - received offers for both.
Now I'm in a dilemma.
My initial plan was to join a T1/T2 boutique strategy consulting and work my way towards VC in the Asia pacific in the long term.
But now I am having second thoughts. Much of the business world isn't as fancy and bling as I imagined. It is a lot of hard work and toil too. A good compensation isn't guaranteed. YOU need to be good, and it's a competitive world out there.
I will be going into heavy student debts if I go for the MBA. But it isn't H/S/W, and given that I have a non target undergrad medical degree and just one year experience in a different country, I have to be realistic - I will almost 100% not get a senior associate level MBB job in NYC or SF or Boston. It'll probably be Deloitte etc. at best. because of the debt I won't ever be able to go back to clinical.
If I go for the MiM, I have enough savings and financial aid for the year. This financial liberty is important to me. I really don't want to be in a lot of debt. Given the London competition for MBB, I would be extremely happy to land a post-MD level position at a T2 firm such as L.E.K. post MiM. But I am not sure how useful the MiM is going to be. is it all fluff and no substance? It certainly feels a little bit so when compared to a proper MBA from such a top 15 US school as Yale. However it is much less of a financial investment so I can always go back to medicine, and see it as a diversification of my experience, no strings attached.
I am really afraid of making the wrong choices. I don't want to end as up a junior level analyst in a big 4 implementation practice with limited exit options. I am afraid that I will miss how rewarding clinical medicine can be, the hugs from patients, feeling close to others, feeling that you're making an immediate impact on lives - they are priceless.
Any thoughts/life wisdom? which one should I go for?