Becoming a doctor for the money

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So if a very smart person wants to become a doctor for the money, who cares? They'll end up miserable but I'm sure their patients will be in good status.
Because all patients deserve a doctor who turns to alcohol, takes illicit stimulants, or commits suicide because he/she is so miserable right? Educate yourself.
As you shouldnt...

getting to be a doctor is fairly straight forward. go to med school. Do well on x exams. finish y residency based on x exam score.
Earn z salary based on y residency.
Please just stop. People with your stated view are the first to fail out of residency.
Go look up what the wise Law2doc has written about this subject. I wish his words could be stickied.
There should be a Law2Doc tag on threads like these and the "I have long-standing depression, should I go to med school?" threads. He gives very real advice.

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Like I have said before. Medicine guarantees you 6 figure salaries and a job. That cant be said about other fields other than software development.

People tend to say if you could get into med school you could succeed anywhere, I dont really buy that at all. To get into med school you need a decent GPA and MCAT, some research engagement, and some volunteering, . This is very different than what it takes to be highly successful in CS which is actual tangible success in creating functional mods or software.

A lot of premed is doing BS "stuff". Engineering success is creating things that actually work.

I think medicine is a very ideal profession in that everything is streamlined, if you do this ---> then you get the salary you want.

Why are you a pre-med if you feel this way about medicine? Go into computer science then.

-selective

40% of applicants each year matriculate into a medical school. From there they get divided into specialties but they are all doctors.

-as for working hard

Plenty of big law lawyers work harder than residents for similar pays, spending their time doing scut work for years. Many of them work much as much as 110-120 hrs a week doing things that would not be considered worthy of a lawyer. The difference is that SOME of them become partners and get nice offices and 6 figure salaries that a doctor would have.

Silicon valley engineers work just as hard during the early phases of the company and sometimes, sometimes they get the big payout that an attending physician might make (I have personal experience with this when I got to work with a company in the valley for a short period of time.)

Wall Street financial investors work very hard in a cut-throat profession and most of them do not make it (much lower percentage than 40%)

The difference between all of these is that some of these people get to the top of the social ladder in this country; doctors graduating residency are all at least in the top 5% of earners. All of them have guaranteed employment in the US.

I have met, and know, lawyers/engineers that did not get into med school. My RA did not get into med school and pursued a second degree in chemical engineering. The reason that the success rate is lower for being a lawyer or engineer is b/c anybody can get into law school or an engineering program. For doctors, the weed-out-process happens at the front end. If you looked at the salaries for all EE majors that had over a 3.7(which is probably only a fraction) then their salary would be higher than typical physician's salary. If you weeded out all EE majors that did not or could not make a 3.7, then the run-of-the-mill electrical engineer would probably make 250K. Most people that have the grades and scores for medical school could get into almost any business school, law school, or into an IVY league PhD program. Only 40% get into med school, but, even more, get weeded out before the application season begins and never submit apps. Think of doctors as like the top 10%(number is arbitrary) of bio/chem majors. The median undergrad GPA for getting into Columbia Law School is a 3.71. Which is lower than the average matriculating GPA for medical students. The median starting salary for a Columbia law school student at graduation is 160 K. And the mid-career salary is a 190K. The average salary for a family care doctor is 165K. Surgeons and specialist are not run-of-the-mill doctors. To place in those you have done well in medical school. So I rest my case. The dogma you have about medicine is completely wrong and is very toxic

Sources,
http://www.forbes.com/pictures/efkk45egmid/1-columbia-law-school-2/

http://web.law.columbia.edu/careers/employment-statistics/employment-salary-information

http://web.law.columbia.edu/admissions/jd/experience/class-profile

https://www.aamc.org/download/321494/data/factstablea16.pdf

https://www.glassdoor.com/Salaries/primary-care-physician-salary-SRCH_KO0,22.htm
 
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I have met, and know, lawyers/engineers that did not get into med school. My RA did not get into med school and pursued a second degree in chemical engineering. The reason that the success rate is lower for being a lawyer or engineer is b/c anybody can get into law school or an engineering program. For doctors, the weed-out-process happens at the front end. If you looked at the salaries for all EE majors that had over a 3.7(which is probably only a fraction) then their salary would be higher than typical physician's salary. If you weeded out all EE majors that did not or could not make a 3.7, then the run-of-the-mill electrical engineer would probably make 250K. Most people that have the grades and scores for medical school could get into almost any business school, law school, or into an IVY league PhD program. Only 40% get into med school, but, even more, get weeded out before the application season begins and never submit apps. Think of doctors as like the top 10%(number is arbitrary) of bio/chem majors
Yeah, this is what I was going to say. My ex goes to a T14 law school. Firms are offering him $150K+ salaries along with big bonuses and offering to pay off part of his law schools debt. He is going to work hard, but he is guaranteed to make 6 figures the rest of his life just like a physician. If you go to a selective law school, you will have security. If med school gets to the point that anyone can get in (like the Caribbean schools), then we will have people without job security.

Plenty of other fields have well defined paths to making 6 figure salaries

Edit: @7331poas I work in a pharm lab at a well-known medical school and the PhD students in my lab chose the PhD over med school because they were afraid that the debt from med school will take away their freedom to live where they want and enjoy their lives. They are going to be set up well for an industry job where they can make 6 figures and be happy with what they are doing.
 
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Thats a pretty high estimate I feel like. Payscale has it around 130k for most engineers

http://www.payscale.com/college-salary-report-2014/majors-that-pay-you-back

I quoted pay scale for the average salary of a primary doc. So that means that salary estimate for a primary doc is on the higher end and, thus is lower in real life. Further proving my point. The academics you need to get into a run of mill medical school is equivalent to getting a masters in engineering at Harvard(average GPA of 3.7) or the PhD program in biomedical engineering at Duke or John Hopkins. In light of this, salary justification is easier. So comparing an MD to a median engineer is not fair. Most engineering grads at top 10 programs(people employed at google, ect) can easily command salaries that physicians due.

http://www.bme.jhu.edu/graduate/mse/prospective-students
http://bme.duke.edu/grad/faq
https://www.seas.harvard.edu/audiences/prospective-graduates/grad-data

Sorry for ranting, but your posts were just awful and somebody needed to share this with you.
 
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According to the Occupational Outlook Handbook (http://www.bls.gov/ooh/highest-paying.htm), pretty much all of the highest paying careers are in medicine. People say "don't become a doctor for the money," but the data shows that, if I want to get rich, becoming a doctor gives me the highest probability of doing so. How can people say becoming a doctor is a terrible way to make money when all the data says otherwise?

Because you're not comparing apples to apples. You can't compare physicians' pay to that of air traffic controllers or marketing managers and say that medicine is a good decision. For the most part, the "peer" careers to medicine are law, banking/consulting, and high end tech. All of my friends who started off in the finance world cleared 100K with bonus AT 22 (right after undergrad)! They also progressively earned more money each year. With biglaw, most people clear ~200 at age 25. If you factor in that motivated individuals in these professions will often earn this + your starting salary by the time they reach the age of an attending, you'll see that medicine for the money doesn't make sense.

Yes, if you can match derm/plastics/ortho/neurosurg/other mega competitive specialties, you might be able to make slightly below finance money at age 35. But I stand by that if you have what it takes to match into these then you could've made it in another, more lucrative field.
 
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Yeah, this is what I was going to say. My ex goes to a T14 law school. Firms are offering him $150K+ salaries along with big bonuses and offering to pay off part of his law schools debt. He is going to work hard, but he is guaranteed to make 6 figures the rest of his life just like a physician. If you go to a selective law school, you will have security. If med school gets to the point that anyone can get in (like the Caribbean schools), then we will have people without job security.

Plenty of other fields have well defined paths to making 6 figure salaries

Edit: @7331poas I work in a pharm lab at a well-known medical school and the PhD students in my lab chose the PhD over med school because they were afraid that the debt from med school will take away their freedom to live where they want and enjoy their lives. They are going to be set up well for an industry job where they can make 6 figures and be happy with what they are doing.
Your ex is confident he can hack it in big law working as a corporate drone all the way and stay to make partner? Unless he kills other just as hard working associate drones or flexes real connections to move to in-house counsel after he's drummed out of being an associate, he's not guaranteed 6 figures even with his pedigree. Vault/AmLaw says 50% of big lawyers are gone after year 3. I'd say your understanding of big law careers is off.
 
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Why are you a pre-med if you feel this way about medicine? Go into computer science then.



I have met, and know, lawyers/engineers that did not get into med school. My RA did not get into med school and pursued a second degree in chemical engineering. The reason that the success rate is lower for being a lawyer or engineer is b/c anybody can get into law school or an engineering program. For doctors, the weed-out-process happens at the front end. If you looked at the salaries for all EE majors that had over a 3.7(which is probably only a fraction) then their salary would be higher than typical physician's salary. If you weeded out all EE majors that did not or could not make a 3.7, then the run-of-the-mill electrical engineer would probably make 250K. Most people that have the grades and scores for medical school could get into almost any business school, law school, or into an IVY league PhD program. Only 40% get into med school, but, even more, get weeded out before the application season begins and never submit apps. Think of doctors as like the top 10%(number is arbitrary) of bio/chem majors. The median undergrad GPA for getting into Columbia Law School is a 3.71. Which is lower than the average matriculating GPA for medical students. The median starting salary for a Columbia law school student at graduation is 160 K. And the mid-career salary is a 190K. The average salary for a family care doctor is 165K. Surgeons and specialist are not run-of-the-mill doctors. To place in those you have done well in medical school. So I rest my case. The dogma you have about medicine is completely wrong and is very toxic

Sources,
http://www.forbes.com/pictures/efkk45egmid/1-columbia-law-school-2/

http://web.law.columbia.edu/careers/employment-statistics/employment-salary-information

http://web.law.columbia.edu/admissions/jd/experience/class-profile

https://www.aamc.org/download/321494/data/factstablea16.pdf

https://www.glassdoor.com/Salaries/primary-care-physician-salary-SRCH_KO0,22.htm

You are cherry-picking data, and at times outright speaking out of your hat.

Salary distribution at T14 law schools is bimodal: you have a peak between 40-70k, and a peak around 150-160k. The average is NOT 160k, it's much lower, because a significant portion of graduates work for the government or for community programs (Columbia's average is high, but it's also the highest of all T14s). There is a finite number of jobs in big law, and the conditions are absolutely, disgustingly dreadful. As @avgn pointed out, very few remain in a big law position for more than a few years (generally to pay one's debts).

And the median matriculant GPA at Columbia might be 3.71, but it's 3.93 at Yale, 3.89 at Stanford, 3.86 at Harvard, etc.

As for your engineering salaries, it's utter nonsense. A quick search shows ~150k starting including benefits for an engineering position at Google (your example), and around 200k for a senior position. To suggest that the average engineer with 3.7 undergrad GPA makes 250k out of school is absolutely laughable.

As for the rest: medscape shows an average of 195k for primary care last year, and 285k for specialists. Specialists ARE, literally, run of the mills. They constitute 70% of practicing physicians (and the number is growing every year).
 
As you shouldnt...

getting to be a doctor is fairly straight forward. go to med school. Do well on x exams. finish y residency based on x exam score. Earn z salary based on y residency.

There is no good reasons why such a streamlined process should net a person so much money when there are other fields with similar lengths of training with much more complex obstacles to overcome which make FRACTIONS what doctors make. (such as basic science PhDs for instance)

Doctors have the earning potentials that they deserve
Maybe because they're the only person who can save a life. Where the heck did your logic go?
 
You are cherry-picking data, and at times outright speaking out of your hat.

Salary distribution at T14 law schools is bimodal: you have a peak between 40-70k, and a peak around 150-160k. The average is NOT 160k, it's much lower, because a significant portion of graduates work for the government or for community programs (Columbia's average is high, but it's also the highest of all T14s). There is a finite number of jobs in big law, and the conditions are absolutely, disgustingly dreadful. As @avgn pointed out, very few remain in a big law position for more than a few years (generally to pay one's debts).

And the median matriculant GPA at Columbia might be 3.71, but it's 3.93 at Yale, 3.89 at Stanford, 3.86 at Harvard, etc.

As for your engineering salaries, it's utter nonsense. A quick search shows ~150k starting including benefits for an engineering position at Google (your example), and around 200k for a senior position. To suggest that the average engineer with 3.7 undergrad GPA makes 250k out of school is absolutely laughable.

As for the rest: medscape shows an average of 195k for primary care last year, and 285k for specialists. Specialists ARE, literally, run of the mills. They constitute 70% of practicing physicians (and the number is growing every year).
1) The peak around 70K is usually from people who choose a field where you need to start around there (ie judicial clerkships, non-profits).
2) The point is just that people who are at the top other fields generally do not have a problem making over $100K. And it's not that they just happened to have stumbled upon a job that pays $100K- they knew what they were doing
3) the median starting salary for most T14 law grads is $160K. The lowest is from Yale grads (median of $115K) because of how many people choose to do judicial clerkship from there

No one is saying doctors don't have a high salary or that they don't have security. Someone said that being a doctor is the only career besides CS that has a clear path to making a 6 figure salary. What I was saying is that if you actually look at the top people in the other fields and weed out the other people (like how most pre-meds get weeded out), you will see that those people have clear opportunities to make 6 figures if they so choose.
 
Maybe because they're the only person who can save a life. Where the heck did your logic go?

Not sure that logic follows. Ford showed us long ago that the human life is worth a finite amount. (a surprisingly small amount)
 
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3) the median starting salary for most T14 law grads is $160K. The lowest is from Yale grads (median of $115K) because of how many people choose to do judicial clerkship from there

No one is saying doctors don't have a high salary or that they don't have security. Someone said that being a doctor is the only career besides CS that has a clear path to making a 6 figure salary. What I was saying is that if you actually look at the top people in the other fields and weed out the other people (like how most pre-meds get weeded out), you will see that those people have clear opportunities to make 6 figures if they so choose.
Can you stop quoting this median salary number? It's quite apparent you have no idea where this number comes from and what it means. The median salary at most top law schools is $160k because that is the standard starting salary for first-year associates at big law firms in the major markets where big law dominates (NY, DC, LA, SF, Chi). The median T14 grad is going into big law; we know this. But this tells us little to nothing about their future earning potential compared to physicians. Like I said, half of associates are gone after year 3, and the vast vast majority are definitely gone by year 5/6. Where do they go? Some are lucky enough to make a lateral move to be a corporate drone at another firm (here the cycle starts all over again, b/c if you don't make partner, you're drummed out). Even fewer (almost none these days) stay on to make partner and go into the big boys club ($1-2m+). Some will go be a in-house corporate drone (er, "counsel" they call it lmao) at some client company they worked well with. Still others will leave big law far far behind because they hated it and don't need the high pay since their loans are gone. These people now move into the legal career they actually care about; there is no such thing as a guaranteed $100k+ job here. Still others leave law forever because they never had a good reason to be in law, hated it, and will now tout around the "my JD is a useful and flexible degree now pay me mofos" even though it's really not flexible at all but they'll make do with some policy job or some other more meaningful BS gig.

If you were really tuned into the legal world, you would understand that quoting this $160k median salary number is of little value to the discussion of physician job security/income due to the uncertainty for even big law drones after their big law stint is done. But you're obviously not and I hope you learned something here about what life after T14 and big law looks like. There is opportunity to make 6 figures but to compare it to the stability of being a physician? Puhlease lol.

@Law2Doc for confirmation on any and all of these points.
 
I've always thought average salaries were closer to ~45k/yr and considering residents work crazy hours, $/hr gets pretty close to minimum wage.
No average resident salary is close to 55-60/year. If you factor in hourly then yes, you are working close to minimum wage.
 
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You are cherry-picking data, and at times outright speaking out of your hat.

Salary distribution at T14 law schools is bimodal: you have a peak between 40-70k, and a peak around 150-160k. The average is NOT 160k, it's much lower, because a significant portion of graduates work for the government or for community programs (Columbia's average is high, but it's also the highest of all T14s). There is a finite number of jobs in big law, and the conditions are absolutely, disgustingly dreadful. As @avgn pointed out, very few remain in a big law position for more than a few years (generally to pay one's debts).

And the median matriculant GPA at Columbia might be 3.71, but it's 3.93 at Yale, 3.89 at Stanford, 3.86 at Harvard, etc.

As for your engineering salaries, it's utter nonsense. A quick search shows ~150k starting including benefits for an engineering position at Google (your example), and around 200k for a senior position. To suggest that the average engineer with 3.7 undergrad GPA makes 250k out of school is absolutely laughable.

As for the rest: medscape shows an average of 195k for primary care last year, and 285k for specialists. Specialists ARE, literally, run of the mills. They constitute 70% of practicing physicians (and the number is growing every year).

You are not seeing the bigger picture of what I am arguing here. Getting into med school is about as difficult as getting into an ivy league law school or grad program. ANd the training involved is equivalent to getting a PhD + 5 years of post-doc work. And if you want more data, the acceptance rate to Harvard law school is 17.5%. The admission rate to my state medical school is about 8%. Medicine is eltra selective. Go do something else if you feel this way about medicine. SD s for people that want to be doctors or are doctors. And when you get into medical school come talk to me. If you think it is so easy to make it in medicine, then go do it.

http://hls.harvard.edu/dept/jdadmissions/apply-to-harvard-law-school/hls-profile-and-facts/

Your ex is confident he can hack it in big law working as a corporate drone all the way and stay to make partner? Unless he kills other just as hard working associate drones or flexes real connections to move to in-house counsel after he's drummed out of being an associate, he's not guaranteed 6 figures even with his pedigree. Vault/AmLaw says 50% of big lawyers are gone after year 3. I'd say your understanding of big law careers is off.

Can you stop quoting this median salary number? It's quite apparent you have no idea where this number comes from and what it means. The median salary at most top law schools is $160k because that is the standard starting salary for first-year associates at big law firms in the major markets where big law dominates (NY, DC, LA, SF, Chi). The median T14 grad is going into big law; we know this. But this tells us little to nothing about their future earning potential compared to physicians. Like I said, half of associates are gone after year 3, and the vast vast majority are definitely gone by year 5/6. Where do they go? Some are lucky enough to make a lateral move to be a corporate drone at another firm (here the cycle starts all over again, b/c if you don't make partner, you're drummed out). Even fewer (almost none these days) stay on to make partner and go into the big boys club ($1-2m+). Some will go be a in-house corporate drone (er, "counsel" they call it lmao) at some client company they worked well with. Still others will leave big law far far behind because they hated it and don't need the high pay since their loans are gone. These people now move into the legal career they actually care about; there is no such thing as a guaranteed $100k+ job here. Still others leave law forever because they never had a good reason to be in law, hated it, and will now tout around the "my JD is a useful and flexible degree now pay me mofos" even though it's really not flexible at all but they'll make do with some policy job or some other more meaningful BS gig.

If you were really tuned into the legal world, you would understand that quoting this $160k median salary number is of little value to the discussion of physician job security/income due to the uncertainty for even big law drones after their big law stint is done. But you're obviously not and I hope you learned something here about what life after T14 and big law looks like. There is opportunity to make 6 figures but to compare it to the stability of being a physician? Puhlease lol.

@Law2Doc for confirmation on any and all of these points.

Go do something else if you feel this way about medicine. SD s for people that want to be doctors or are doctors. And when you get into medical school come talk to me. If you think it is so easy to make it in medicine, then go do it.
 
Can you stop quoting this median salary number? It's quite apparent you have no idea where this number comes from and what it means. The median salary at most top law schools is $160k because that is the standard starting salary for first-year associates at big law firms in the major markets where big law dominates (NY, DC, LA, SF, Chi). The median T14 grad is going into big law; we know this. But this tells us little to nothing about their future earning potential compared to physicians. Like I said, half of associates are gone after year 3, and the vast vast majority are definitely gone by year 5/6. Where do they go? Some are lucky enough to make a lateral move to be a corporate drone at another firm (here the cycle starts all over again, b/c if you don't make partner, you're drummed out). Even fewer (almost none these days) stay on to make partner and go into the big boys club ($1-2m+). Some will go be a in-house corporate drone (er, "counsel" they call it lmao) at some client company they worked well with. Still others will leave big law far far behind because they hated it and don't need the high pay since their loans are gone. These people now move into the legal career they actually care about; there is no such thing as a guaranteed $100k+ job here. Still others leave law forever because they never had a good reason to be in law, hated it, and will now tout around the "my JD is a useful and flexible degree now pay me mofos" even though it's really not flexible at all but they'll make do with some policy job or some other more meaningful BS gig.

If you were really tuned into the legal world, you would understand that quoting this $160k median salary number is of little value to the discussion of physician job security/income due to the uncertainty for even big law drones after their big law stint is done. But you're obviously not and I hope you learned something here about what life after T14 and big law looks like. There is opportunity to make 6 figures but to compare it to the stability of being a physician? Puhlease lol.

@Law2Doc for confirmation on any and all of these points.
Again, you are fighting details rather than general concepts. There is a clear path from T14 law school to a 6 figure salary. (And as far as I'm concerned, the fact that a lot of people leave big law isnt relevant. Half of doctors say they wouldn't do it again, which suggests that many doctors would want to leave the field. Many stay because by the time they break even on their debt it isnt worth changing careers and the worst is behind them anyways.) The parentheses part is not relevant to the argument, but rather an aside just so you dont focus on those details in your response

And completely ignoring law, there are still other fields where you can set yourself up for $100K if you are at the top. The point is if your goal is solely to make 6 figure and you aren't actually interested in being a physician, there are others ways to succeed besides going to med school.
 
Go do something else if you feel this way about medicine. SD s for people that want to be doctors or are doctors. And when you get into medical school come talk to me. If you think it is so easy to make it in medicine, then go do it.

There is a difference between liking medicine and thinking you are an intellectual gift to society because someone matriculated into a US MD program.

I am going to med school because I want job security, not because it takes intellectual talent. If I was hoping to be a genius I would be getting theoretical physics PhD instead. But I'm not because I know I'm not smart enough to make a doctors salary and have a guaranteed job in physics.
 
Again, you are fighting details rather than general concepts. There is a clear path from T14 law school to a 6 figure salary. (And as far as I'm concerned, the fact that a lot of people leave big law isnt relevant. Half of doctors say they wouldn't do it again, which suggests that many doctors would want to leave the field. Many stay because by the time they break even on their debt it isnt worth changing careers and the worst is behind them anyways.) The parentheses part is not relevant to the argument, but rather an aside just so you dont focus on those details in your response
Clear path, not guaranteed or stable path. The details matter here because the nature of the path is important. Graduating from any old med school nets guaranteed $100k+. Graduating from top law school does not even guarantee big law. Once in big law, nothing means you can stay. There is a clear path, but that's not what people are debating here.
 
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The reason that the success rate is lower for being a lawyer or engineer is b/c anybody can get into law school or an engineering program.
HA no
If you looked at the salaries for all EE majors that had over a 3.7 then their salary would be higher than typical physician's salary.
HAHA no
If you weeded out all EE majors that did not or could not make a 3.7, then the run-of-the-mill electrical engineer would probably make 250K.
HAHAHA no
Surgeons and specialist are not run-of-the-mill doctors.
Less than 1/4 of all allopathic grads become general internists or unspecialized FM practicioners. So...

HAHAHAHA no.
And when you get into medical school come talk to me. If you think it is so easy to make it in medicine, then go do it.
...
Go do something else if you feel this way about medicine. SD s for people that want to be doctors or are doctors. And when you get into medical school come talk to me. If you think it is so easy to make it in medicine, then go do it.
I have (and so has @avgn, btw) and am currently talking to you.
 
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Go do something else if you feel this way about medicine. SD s for people that want to be doctors or are doctors. And when you get into medical school come talk to me. If you think it is so easy to make it in medicine, then go do it.
Was this directed at me? If so...uh I have gotten into med school so we can talk. Beyond that I'm not sure what your beef is with me :shrug:
 
I think it's easier to get into med school than a top of the top law program, but harder to get into a top med school than a top law program. But what do I know (probably nothing).

Of course, ultimately, none of this actually matters because we are all trying to get into (or have gotten into) med school.
 
TFW @hopfeful is one of the few who has not gotten into med school ITT but tells other people to go get credentials first lmao
 
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I have never seen salaries as high as this guy claims in engineering. The best computer science salaries I have seen is around 150k and that is at pristine places like Google or Amazon or institutions like premier.

On top of that, the guys that get those salaries at Google are actual geniuses.
 
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There is a difference between liking medicine and thinking you are an intellectual gift to society because someone matriculated into a US MD program.

I am going to med school because I want job security, not because it takes intellectual talent. If I was hoping to be a genius I would be getting theoretical physics PhD instead. But I'm not that smart.
Do whatever you want. Every physician I have spoken with (even the ones who love their job) say not to go into medicine if I can see myself being happy doing absolutely anything else. That is why people here are saying that money and job security may not keep you motivated on this path, unless medicine is actually what you enjoy doing. Especially if you don't respect the field of medicine and think that lives have little worth.
It is your prerogative to pursue medicine for purely financial reasons.

Again, no one is saying that you won't make money as a doctor. It is just that if money is the only thing you like about being a doctor you will likely be unhappy. There are other secure ways to make $100K that could make someone who wouldn't like being a physician happy and which wouldn't require the sacrifices that medicine does.
 
Doing any profession for the money is a terrible idea. I would even go as far as saying that treating money as an end in and of itself is a moral mistake with real consequences.

Job stability and income potential are nice perks but they cannot sustain you through an entire career or a lifetime.
 
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My parents are both lawyers and live in an affluent neighborhood. I've talked to a lot of our neighbors and the majority of them seem to either be doctors or lawyers. The Occupational Outlook Handbook data supports this observation. I have yet to meet a software developer or former business major that lives in our neighborhood.
You obviously live nowhere near silicon valley then lol
 
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Yeah, this is what I was going to say. My ex goes to a T14 law school. Firms are offering him $150K+ salaries along with big bonuses and offering to pay off part of his law schools debt. He is going to work hard, but he is guaranteed to make 6 figures the rest of his life just like a physician. If you go to a selective law school, you will have security. If med school gets to the point that anyone can get in (like the Caribbean schools), then we will have people without job security.

Plenty of other fields have well defined paths to making 6 figure salaries

Edit: @7331poas I work in a pharm lab at a well-known medical school and the PhD students in my lab chose the PhD over med school because they were afraid that the debt from med school will take away their freedom to live where they want and enjoy their lives. They are going to be set up well for an industry job where they can make 6 figures and be happy with what they are doing.

I'm not sure where you heard about firms offering to pay part of his debt. That never happens at top firms. (I have worked as a lawyer at a top firm for years.) Yes, the starting salary is $160k and you get a bonus, but you work in general bad hours at the top firms. (You're probably working 60-80 hour weeks (the hours depend on the firm, practice area and workflow) plus you are on call 24/7 via blackberry.)

I also went to a Top 14 law school. Plenty of people make six figures for life after graduating from one, but the hours are generally bad (as it probably is in medicine as well). Plenty of people burn out of law and quit entirely. There's less job security in law than in medicine.

Honestly, if I could redo life, I wouldn't go to law or med school. I'd have become a computer programmer. Out of my undergrad, the average computer science major made over $100k starting and many of us had no undergraduate debt. That's far better than spending money and years in school just to make not that great pay.

And if your only goal is to be rich, go to a top undergrad business program and work your but off in finance/investment banking. I know people in their early 30s making close to one million a year.

Medicine and law in general do not make people rich. And frankly, the lifestyle sucks for both. If you guys are still in college, study CS and make $100k starting (at least out of a good undergrad). The lifestyle is generally easier than law/medicine/i-banking/top finance. You won't get "rich" as a programmer unless you do a big start-up, but you won't get "rich" in medicine or law either.
 
I have never seen salaries as high as this guy claims in engineering. The best computer science salaries I have seen is around 150k and that is at pristine places like Google or Amazon or institutions like premier.

On top of that, the guys that get those salaries at Google are actual geniuses.

If you work in the Silicon Valley, starting salaries straight out are often in the six figures. At my undergrad, starting salaries were over $100k for the average computer science major. And frankly, most of us didn't have much debt. Most of the CS/engineers I went to school with make around $150k or more now, but with better lifestyle than I have.

Just go to an undergrad with a good engineering program - it's the best investment you could make.
 
If you work in the Silicon Valley, starting salaries straight out are often in the six figures. At my undergrad, starting salaries were over $100k for the average computer science major. And frankly, most of us didn't have much debt. Most of the CS/engineers I went to school with make around $150k or more now, but with better lifestyle than I have.

Just go to an undergrad with a good engineering program - it's the best investment you could make.

Those numbers aren't even close to representative. Just look at the statistics and not your anecdotes.
 
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Those numbers aren't even close to representative. Just look at the statistics and not your anecdotes.

Which is why I said to go to a good school with a good engineering program and you're pretty much set (as long as you can graduate).
 
For everyone here, I came on this "older" thread but reading all the replies i came up with an important question.. YES becoming a doctor just for the money isn't entirely "right" but what if money is a big factor due to the MASSIVE debt you'll be in once you finally finish schooling and such.
I, personally, am afraid of that one idea of not paying off my loans and living "comfortably" until im in my late 50s! I love medicine but considering other lifestyles due to the debt problem is fast coming a reality.


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