infinity ag said:Ags4DaWin said:
Would recommend staying as far away from healthcare as possible unless it is their passion and they don't care about being in perpetual debt and the risk of getting sued every 2 seconds.
I never understood this.
If you are a doc with a good specialization, you make good money. If you don't waste money, then why can't you get out of debt in a few years?
What is the average debt for a doc like? Can't they live within their means?
The issue is threefold.
1) If you're an MD being a family practitioner is no longer an option. That is what NP's are used for now. You are basically forced to specialize after you graduate which not all docs are suited for. So some would be better going the NP route.
2) Residencies have become total DEI cluster****s so good luck matching if ur a straight white male.
3) the amount of debt as Kiddoc pointed out after getting UR MD is about 250k. That's the average. There are some that graduate with nothing either through scholarships (mostly DEI driven so once again good luck to straight white males and asians) or military service but that drives down the average. The MEAN which is the experience of most MD's is more like 350k....basically a home mortgage ur saddled with at graduation.
The first several years in residency u make 70k-80 ish and are working 70 hrs per week at slave wages at the hospital due to our ****ed up MD training system. (They may have capped the hours at 60 with recent legislation...I haven't kept track of that lately)...but 60 hours is still 60 hours.
So MD's on average aren't making good money until they are 30ish.
Once ur an attending or have ur board certification ur making good money low-mid 6 figs on average.
If ur a surgeon ur malpractice insurance is going to be through the roof and you will get sued at some point...pretty much guaranteed.
UR Med School loans are not going to be paid off until ur 35ish because that interest is a ***** to knock down when ur a resident and ur basically only making minimum payments.
So as an MD you are investing minimum 10-12 years post highschool graduation, hoping that you make it through your education, that the match system for residency doesn't **** you over, that you maintain your sanity during residency and pass your specialty boards and that you don't injure your hands or your eyes during your 12 years of post graduate schooling, or that some other family or personal related life crisis does not derail your education and training before you start making good money for 1 year.
That is 12 years of potential pitfalls that can completely derail your life if something happens wrong- and there is ALOT that can go wrong during that time. Just before you start to see a return on your investment.
If something does go wrong then ur saddled with the debt and no high level income to pay it off.
It's a 12 year gamble...not to mention that quality of life for docs has steadily dropped over the years with increased patient load ohhhh and you are pretty much guaranteed to get sued unless u go into pediatrics or dermatology. And if ur a straight white male you need to be Jesus to get into either of those residencies nowadays.
Why would someone in their right mind take that kind of gamble?
Alot of the docs recommending the med school route went through the process before it got turned on its head right around 2010 ish so they don't have a frame of reference for just how whacky the system has become. Add to that the debt and it just does not make economic sense to go that route.
Thanks for the compliment on my posts.
I don't like to toss around things like that as a means of giving my posts authority. I don't believe that test scores, IQ, or academic accolades should give anyone's views more weight than anyone else's and it certainly doesn't make me smart. There are plenty of people either smarter than me or who just plain know more than me.
I know plenty of people that have all that and couldn't hold a candle to my "less educated" friends in the intelligence department.
Some of my dumbest friends are docs