Obviously, the number of residency spots is already limited, does anyone know the stats on md/phd's who end up not matching into the specialty that they did their phd in?
See the NRMP publication "Charting Outcomes in the Match". There are releases based on data from 2011, 2009, 2007, 2005 at:
http://www.nrmp.org/data/historicalreports.html. The data includes numbers of PhDs that did not match overall and by first choice specialty.
I am planning on doing the phd in a very competitive field and would hate to not match into a residency related to my phd.
The real problem currently is that medical schools are opening and expanding class sizes while the number of residency positions has held mostly flat. Currently, IMGs are feeling the squeeze as their match rates fall, but AMGs feel this as increased competition in every measured factor of competitiveness. I wrote a paper about this, and am in the process of trying to get it accepted.
Any other thoughts on how this new budget plan may affect md/phd students?
My concern is not that the overall number of residency positions will fall (though it could happen), but more that the number of residency positions will not increase while medical school positions increase, further increasing competition. As I've repeatedly stated, the most important things for all applicants, including MD/PhDs, is class rank and step scores, and they've been rising very quickly for ALL specialties, and may continue to do so. The conventional wisdom for MD/PhDs has been to "take it easy" and your MD/PhD will get you whatever residency you want, but this is
not true.
Once you are in residency, the programs may have less money per resident for training. This may translate into less protected research time as programs use their residents to generate more clinical revenue by doing more clinical work. This would make it even harder to build the CV to obtain a mostly research faculty position, further lengthening training time. Obama's proposed budget also leaves the NIH budget flat, which further drags on the terrible funding environment for biomedical research.
Is it true that slots are not being cut? My assumption was that cutting funding added pressure to the residency programs to cut slots as well.
My understanding is that the number of positions is controlled by the specialty boards. The question is whether those positions the residency programs are approved for will be funded 1:1. The other possibility is that programs will be approved for more positions, fill those positions, and just take less money from the government per resident. My thought is that programs will simply stretch their funding more thin if the GME budget is stagnant or falls. I just can't see many programs removing residency positions entirely. That said, what we've been seeing in the Transitional Year world is that TYs aren't as clinical revenue generating as categorical residents or fellows or even just IM or surgical prelims, and so TY programs have been falling by the wayside. I have certainly used my TY time to work on several research projects as well as perform electives that my categorical programs requires, thus giving me more research time as a categorical. I do not feel this would have been possible in an IM prelim.
I would consider persuing a less specialized thesis project if my chances of matching into a residency related to my research were cut in half. I'm just trying to be practical and plan ahead.
I think you should name that specialty and backups of interest, frankly. I recommend those thinking about rad onc vs. med onc to just do rad onc research. It's not that competitive to get a good IM position and transition into med onc as an MD/PhD, but it's extremely competitive to get that rad onc spot. Meanwhile, rad onc mostly only cares about rad onc research. But for surgical subspecialties, surgical subspecialty research may not be very impressive to IM if that's your backup. Though, I'd still probably recommend you aim high and know your med school performance is most important.
I don't personally know of any md/phds that didnt match into their top choice specialty, but I was curious if these stats are available.
I know several. We had four MD/PhDs not match in one year--one went on to not match a second time and went to post-doc, one switched specialty, another matched prelim and moved into categorical, and I'm not sure what happened to the fourth. What we really don't know is how many MD/PhDs were talked out of applying to their top choice specialty because it's thought they couldn't match in it. I know several of those too, but they would never admit it outside of close personal friends, and there is of course no such data. That said, the PhD can only help you match to academic programs, just do well in med school on top of it.