Hello,
I hate to ask this question, but here goes. How does one find out about salaries for Pediatric physicians (general pediatricians vs. specialists)? I'm an out-of-state student at a state school and have a lot of loans to pay back. When I mention that I'm interested in Peds, I invariably get asked how I plan to pay them back. Is that a valid concern?
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Figuring out how to payback loans is always a valid concern. Doesn't matter what specialty you go into. If you make a large salary and buy a new expensive house and a new Lexus, it'll be a concern despite your income. Point is that at any income, you have to consider the other factors in your life and your lifestyle as a very large factor.
In terms of salary, you'll find all the usual sources of salary information out there on the internet. They probably converge on fairly accurate current numbers. Consider the following though:
1. If you do a specialty, you won't be in the job market for 7-9 yrs depending on where you're at in the job market. A lot changes in that time frame.
2. Salary offers on these sites and that others may tell you often don't make it clear what the benefits are. For example, travel, college tuition, retirement, etc.
3. Salary offers listed often do not account for additional salary that may be obtained via night call, moonlighting, etc.
4. For academic jobs, loan repayment and substantial retirement benefits are all possible and affect the calculations.
There are many more issues. This topic is debated daily on SDN. Bottom line is that general pedi makes about the same as any other primary care. Some specialties, such as neo, have the opportunity to make a lot more, others don't make any more.
Do what you'd like. You'll be able to pay the loans back if you pick a reasonable lifestyle. You might always drive a Subaru like I do, but that's okay for me. You can decide the trade-offs for yourself.