Any info?
so usually you are a fully fledged Doctor at 30 let’s say. And let’s say you are generally a 2nd year post MBA associate
as a 2nd year associate you are pulling on $250-300k. What are you pulling in as a doctor?
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this is such a stupid comparison. Doctors save/better peoples lives. Post MBA ASO's are an MD's bitch and adjust font colors on ppt slides.
This
Tbf this is a very stupid post on your end.
at no point have I compared the importance of each profession or the responsibility one needs to take in each profession.
Think about how stupid the average person is. Then imagine interacting with them daily as part of your job.
Source:
Medscape Physician Compensation Report 2020
https://www.medscape.com/slideshow/2020-compensation-overview-6012684
I just don't want my bills to go up if I can only do everything online.
Thanks for the chart. Crazy that orthopedic doctors make the most, considering most of the ones I’ve had an experience with that were supposed to be “high level” were a complete joke. I wonder if that includes orthopedic doctors that also perform special surgeries
Neurosurgeon isn’t on the chart and they make quite a bit as well, but go through many years of training.
I took a 700 level PhD curriculum class in Neuroscience and we had three teachers, one of which was a neurosurgeon. He was the first neurosurgeon I ever met in person and a really cool guy. Always wearing slacks and nice leather shoes and a collared shirt looking crispy. He was an innovator in the field and invented medical devices that obtained patents. Very impressive.
A friend of a friend is in neurosurgery. He will be finished with residency (I think neurosurgery is like 8 years long) + fellowship (and start making actual money) at the age of 40.
My friends who are doctors are like 300-400k in debt. I don’t think even one of them is happy with their career choice.
Father in law & brother in law are anesthesiologists and from what I understand, their comp structures at private practices are eat-what-you-kill. Each of them can handle X number of cases per day and that is what they get paid on - I think there is some seniority progression but dont think it's multiples like it is in finance. I think they have some upside by taking additional on-call shifts (idk if thats exactly how it works) but my main takeaway was that the comp outcomes are within a pretty narrow distribution (excluding covid where no elective surgeries tanked anesthesia demand). This obviously precludes any doctors turned business people opening private clinics - totally different ballgame.
My thought is that 30 years from now, assuming I have a reasonably successful career which includes a few big hauls and mostly average years, that it will be pretty close to raking in constant anesthesia money. Or not. I'm an upside junkie and I can live with the risk. Also note my WLB is shit compared to theirs.
TL;DR: doctors make a lot of money with little variability vs finance with high variability and long tails
Not to mention you can get to associate much faster too.
"eat-what-you-kill" probably not the best choice of words lmao
Medicine has to be way more stressful than high finance. Getting even one diagnosis or procedure wrong can lead to disability or death in s person. Even if you make a poor trade while doing something like prop trading those gains can come back later on. A disability however is unlikely to be reversed and a death is final.
Good points - yeah being a surgeon would stress me tf out.
I'm a doc currently in residency and nearly all specialties can clear 300K if they locate the right practice environment.
Isaiah's post is pretty accurate.
I wouldn't count on this. I'm 34 and have a lot of doctor friends my age - most of them are just now finishing training and becoming attending physicians. A ton of people spend 2-3 years pre med school working in research or other things to bolster their application, there are a lot of specialties with residencies longer than 3 years, and almost every single doctor I know has done a 1-2 year fellowship after residency. I also have friends who started their first residency, hated the specialty and thus applied to a different specialty, a process which set them back 2-3 years.
Agreed, 30 seems a little early to me. My wife went straight from undergrad to medical school then to residency. 3 years of residency and finished at 29. Cardiology fellowship is 3 years (not assuming further subspecialty) so will be 32-33 as a first year attending. Can't speak to each and every type, but specialized fields generally require more than 3-4 years post-medical school
A family friend is a doctor who went to an ivy undergrad. His college friends who studied business always tease him by saying "I make what you make but add a 0 at the end." lmao
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