Medicine Assistance Tool helps connect underinsured people with patient assistance programs for which they may be eligible. Find out what you are passionate about and put in the effort to become respected in that field. Same for programmers. In addition, what are you investing in where you have compounding returns that grow at 8-10% per year? 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. 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. 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. 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. If you don't feel you can do this, then don't apply. You are free giving, and free to take all you want. This is fucking stupid. By using our Services or clicking I agree, you agree to our use of cookies. Disliked doctors get sued. I am asking seriously and don't appreciate being called a troll by some holier than thou commenter who thinks there aren't people out there who want to do medicine as a career and not a passion. I have a partner in one of the higher-paying engineering fields. A disturbing example, to be sure, but it just goes to show how valued the work of a physician is. Going into medicine for the money January 18, 2017 January 17, 2017 admin 0 Comments. The vast majority of doctors who leave clinical medicine don’t have the interest or skills necessary to be successful as an entrepreneur, nor the money required to move into an “encore career.” They tend to go work for healthcare-related pursuits involving a diverse set of interests such as medical writing, resource utilization, health insurance, medico-legal work, pharma, or managed care. I am seriously only in medicine for the high pay. Unlike accounting, consulting, finance, etc, I think it has a lot more stressors that make "going into it for the money" more of a chore. Your classmates will pick up on your attitude, and they'll resent you. You are free from medicine, from hard work, from dealing with truly heavy responsibilities. If you consider the 8 years of working that you lose while in med school plus the 200k in debt that's a little more than a million dollars lost out on, plus the enjoyment of your 20s (less leisure time in med school and residency). Students going into medicine probably cycle through most if not all of these reasons at some point in their decision process, sometimes multiple times in one day. The majority of employed lawyers will start out less than $100k, and cap out maybe in the $150k range. That's why people don't say it. He saves aggressively (20% of his income). Dude...really? Let’s face it, money is a necessity in modern life. If you defer your loans during residency, they'll rack up $600-900 per month in interest. Your narcissism is normative in American society. 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. Every dollar you save and invest in your 20s and 30s becomes many dollars because of compound interest (and … However, most people realize that they do enjoy not only caring for people but also being responsible and in charge of them. You don't need a passion for helping people, but you need to want to do it and feel that you'll be able to do it day in and day out effectively. Sure, but they are extremely rare. It requires a lot more sacrifice, time, and hard work than most other high-end professions, and most people who can get into med … 8. Press J to jump to the feed. can you elaborate on why you regret going into medicine, New comments cannot be posted and votes cannot be cast, More posts from the medicalschool community. You generate a massive amount of debt, and you get paid peanuts for several years after medical school. There are some people in big firms who make doctor money. Finally, ANY premed saying that high salary isn't influencing their decision is a liar. Doctors who decide to stop seeing patients are usually glad they did -- and in many cases, they're earning as much money as they did in clinical medicine, according to Steve Babitsky. ... been at the table as money decisions are made. Press question mark to learn the rest of the keyboard shortcuts. Also, AdComs are really adept at sniffing out bullshit. Studying medicine usually involves 5 years of study at university, followed by more training years at the start of your career. I think even with debt and the length of schooling, medicine is probably one of the highest paying jobs out there. Just don't expect to like it. We both know I'm still going to catch up within 3 years after residency. 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. On the money side, the lifetime earnings and job security is second to none in other professions. As much as I think that going medicine solely for the pay and status is a really bad idea, I also do appreciate your candidness and honesty. Eventually you will be making a good amount of money, but factor in the stress of applying, going through medical school, and getting into residency. I don’t think there are any significant number of people going into medicine for either status or money. A lot of people want to be doctors, and institutions can only accept so many students. But really we are at a time where we have many possibilities for interesting and well paying careers (if you're intelligent enough and hardworking). ... take back autonomy and rebuild the landscape of clinical medicine into … Choosing to enter into the medical profession for a primary reason of financial compensation would be considered by many a poor decision. 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. "Being in charge" sounds dictator like. Yeah, you can go concierge or urgent care and pull maybe 250-300k, depending on how many hours you work and base retainer fee if you go concierge. They also tend to have schedules that get easier as they move up the food chain, while most community physicians tend to start and finish on the same (high) salary and schedule. If I really just the wanted the money, I would have long ago dropped medicine and tried to find some other way. Not to mention the job security is second to none. NIA scientists and other experts review this content to ensure it is accurate … i dont just for the money. Is it impossible? 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 $$$. If doctors made 60-70k, a lot fewer people would be interested, and there's no shame in admitting that. They'll know that you don't give a shit about them. Okay I see where you're coming from. Why do over 400 doctors a year commit suicide? Maybe I'll have to re-examine if I really want to be a doctor, but I am applying anyway and if I don't get, I don't get in. However, know that its not like I dislike science, I am a chemistry major so I am not opposed to learning a lot more. Disliked doctors also get poor patient satisfaction scores- and guess where that hits you- also in the wallet. You're looking at a median student debt of $170,000 just to get through 4 years of medical school. Dentistry: because holy fuck why are their students so damn attractive? But for many in medicine, working overnights are part of the deal. I am not an asshole or rude. I'm fine with the majority of what you said, but I hate the investment banking remark. Money is a major motivating factor and makes medicine a really attractive profession. 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