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Salary: LowerWhat exactly does a career in academic psychiatry look like (salary comparison, quality of life, daily routine) besides the obvious component of being able to teach and/or do research? Or, to put it another way - what are the reasons not to do academic psychiatry?
Sure there are lots of people who would love to do a little teaching while still making a competitive clinician's income. They're called 'voluntary' or 'adjunct' faculty and they do the teaching for free, in exchange for an academic affiliation they can put on their business card.Personally, I think academic depts should embrace part time faculty more than many historically have (see my second bullet point). Lots of people enjoy teaching and the camaraderie of being in academia but don't want to give up entirely on the money or play the full rat race.
To speak to the QOL issue: If the 'requirements' of projects/research are something you would actually enjoy and prefer to do with your time vs all clinical work, then academics may be for you. If you view these activities as a burdensome extra, then academics may not be for you.Academic psych has less money, more bureaucracy, more requirements (projects, lectures, research), and may be entitled to full ownership of things you create/invent in the field.
This I have to say I have not experienced. The only kind of pressure I've ever gotten from the dept is to make my clinical revenue targets. Other than that, they don't care what I do. I do research and teaching because I like it. Service I don't do, and nobody has ever cared.-The depts think they own your life and you should be working on the academic mission all the time, and will also pile on responsibilities without taking things away unless you aggressively and continuously boundary your time
To speak to the QOL issue: If the 'requirements' of projects/research are something you would actually enjoy and prefer to do with your time vs all clinical work, then academics may be for you. If you view these activities as a burdensome extra, then academics may not be for you.
Personally I would be quite unhappy doing clinical work 5 days per week. I love seeing patients... 2 days per week. 40 hours a week of patient care, I couldn't do.
Prestige is bull**** and means nothing unless you love research, in which case it is meaningful currency, but not a reason in and of itself.
I guess truly academic projects like research and posters aren’t bad if you enjoy them.
Are there psychiatrists that really enjoy quality improvement types of projects though?
Research in industry is driven by the financial interests of the company. You do what they tell you.Just remember, there are lots of ways to do teaching outside of a formal university FTE appointment. There are also lots of ways to do research in industry. And of course student loan forgiveness is offered by many if not most employers, some far surpassing PSLF. Academia, I have to assume, is stayed in for cultural reasons.
Honestly this isn't even true. A 5y research project grant with 500K direct costs per year brings the institution $1.7M in indirects (assuming a 69% indirect cost rate).The academics is pretty much exchanging somewhere around 10-20 h of clinical care with other duties such as research, teaching and/or administration. As a result, you get paid much less because research and teaching do not have as much monetary value in the medical system as much as service.
A very tiny minority of academic center physicians have grants of that type.Honestly this isn't even true. A 5y research project grant with 500K direct costs per year brings the institution $1.7M in indirects (assuming a 69% indirect cost rate).
As an individual clinician it would be difficult for me to bring in that much in clinical revenue to the university, over and above my salary. It would require a lot of cash pay patients at a pretty high rate.
500 K private sector work would also be alllooooottt more work and hours than the 70 k jobThe academics is pretty much exchanging somewhere around 10-20 h of clinical care with other duties such as research, teaching and/or administration. As a result, you get paid much less because research and teaching do not have as much monetary value in the medical system as much as service.
This kind of thing exists in some other fields as well. I know a IVY league lawyer who refused 500k in private sector in manhattan and currently working for 70k for a non profit environmental cause organization. So if you dont care about money and you enjoy the advancement of your field and raising next generations, academics might be a good place for you
My brother works on academics. He loves it because residents do a lot of the work for him. He's a health nut so he has a lot of time to exercise. He also gets a lot of vacation.This varies a lot by institution. Some of them are pretty hardcore about making you work for your pay and will discourage you from getting involved in education because they just want those RVUs. At point, you're basically working a regular psychiatry job but getting paid significantly less for the privilege of calling yourself a (Clinical) Professor. Also, if you don't get along with your chief, you might be toast! Be wary of signing a non-compete because then you're a captive of the system. It can be a good way to spend a few years among smart colleagues and getting to know the community as long as you have an escape route.
All this is different if you think you're a superstar educator or a grant magnet, but most doctors are not,
It's hardly that grim. Most of the jobs out there are non-academic, I had to go out of my way for something that let me teach. And there's always private practice.This was the old arrangement. Academics were paid less but given time to conduct research and teach. They had lower volumes but the eye residents did the work.
Post ACA? Not at all. You are expected to carry a large clinical load, expected to teach, and publish. Oh and you are expected to do the latter two mostly in your spare time.
It went from a decent deal to basically another crappy job with low prospects for most.
And now thanks to massive consolidation that will never end…you have no choice but to be an academic.
And now thanks to massive consolidation that will never end…you have no choice but to be an academic.
Maybe for Nephrology and Rad Onc. Not psychiatry.
Working for a health care conglomerate that has an academic center and being an academic psychiatrist/having an actual academic position are not at all the same thing.This was the old arrangement. Academics were paid less but given time to conduct research and teach. They had lower volumes but the eye residents did the work.
Post ACA? Not at all. You are expected to carry a large clinical load, expected to teach, and publish. Oh and you are expected to do the latter two mostly in your spare time.
It went from a decent deal to basically another crappy job with low prospects for most.
And now thanks to massive consolidation that will never end…you have no choice but to be an academic.
I really like the academic environment, being able to discuss complex cases with others, and want to continue teaching as an attending...however, the flexibility and control over my own schedule in private practice is really preferable to me.
Some people commented on how part time work isn't embraced in academia so I was wondering, is a hybrid private practice-academic work schedule feasible or hard to find?
If you publish a book that makes a lot, doesn't the institution have full rights and you get a paltry % royalty good enough for, perhaps, buying a fast food dinner on occasion or a pair of shoes?
The difference between every other field and us is that we can literally work from anywhere and require zero equipment. I could set up with a card table, a notebook, and a pen in the woods if I wanted and take cash-only payments (though depending on your clientele you're either going to end up with very well-to-do earthy types or people that pay you in eggs and moonshine). The only way PE can screw you over is if you hand them your balls on a silver platter and choose to let them own you.Hospitals and PE haven’t figured out how to really profit from psychiatry the way they have from every other field but if they ever did forget it they’ll sweep through so fast you’ll never know what hit you.
The difference between every other field and us is that we can literally work from anywhere and require zero equipment. I could set up with a card table, a notebook, and a pen in the woods if I wanted and take cash-only payments (though depending on your clientele you're either going to end up with very well-to-do earthy types or people that pay you in eggs and moonshine). The only way PE can screw you over is if you hand them your balls on a silver platter and choose to let them own you.
A friend of mine does just that. Telepsych from the road. He has a laptop and camera and can see patients as he travels as long as private space. He was in Hawaii, then Alaska, then Florida doing very well for himself making over $400K. I think Radiologists enjoy this freedom as well with their telerads services.The difference between every other field and us is that we can literally work from anywhere and require zero equipment. I could set up with a card table, a notebook, and a pen in the woods if I wanted and take cash-only payments (though depending on your clientele you're either going to end up with very well-to-do earthy types or people that pay you in eggs and moonshine). The only way PE can screw you over is if you hand them your balls on a silver platter and choose to let them own you.
I always thought that attendings in academic centers don't do as much work or see as many patients. The residents/fellows see the patients, do the history gathering, returns messages/calls from patients, and tells the patient the plan. Seems chill.My brother works on academics. He loves it because residents do a lot of the work for him. He's a health nut so he has a lot of time to exercise. He also gets a lot of vacation.
I always thought that attendings in academic centers don't do as much work or see as many patients. The residents/fellows see the patients, do the history gathering, returns messages/calls from patients, and tells the patient the plan. Seems chill.
I agree with this. Generally there are several different things called 'academia' that are actually pretty different from each other.Unless you have big grants and/or are one of the handful hand picked to climb the administrative rankings, you will be lowly and replaceable.
The culture of the environment will vary heavily though from program to program.
If you're not interested in higher up administration or research, I really don't see what's the positive of academia. High stress, low pay job. Thank you very much.
Psychiatry departments are money losers for hospitals.Hospitals and PE haven’t figured out how to really profit from psychiatry the way they have from every other field but if they ever did forget it they’ll sweep through so fast you’ll never know what hit you.
Yeah, I asked a higher up recently about why we don't expand psychiatric services with all of the demand, and the answer was basically, "we cost money, and that's always the issue. Why would the system give us office or inpatient space that they could give to a cardiologist or orthopedist instead?"Psychiatry departments are money losers for hospitals.
I agree with this. Generally there are several different things called 'academia' that are actually pretty different from each other.
For clinicians hired to keep the patient care machine churning, there really isn't an advantage to being a big box hireling. It's the same work for less money and autonomy. For this reason, the big AMCs have a constant churn of hiring their own recent grads to fill clinical needs. People who don't have an abiding interest in research, teaching, or administration figure out it's a bad deal in a few years and move on. This is actually fine from the point of view of the department, from which clinicians are largely replaceable widgets who bring the same amount of revenue whether they've been working there for 6 months or 10 years.
For those who do have career interests in research or education, there isn't really an option to do these things seriously outside academia, so you take the bad with the good because leaving academics would completely transform the content of your job to something you would find significantly less interesting and rewarding.
I would think Psych still has the advantage as far as independence, right? As mentioned, there's relatively little overhead & equipment needed for Psych. Even though Rads can still do telework just as easily from their computer, its workflow is still a hospital-based specialty that requires X-ray, CT, U/S techs, etc. not to mention the costly equipment. More importantly, imaging tests which radiologists generate their income from has to be ordered by another provider. Rads has to rely on the middleman, whereas Psych doesn't and can have a one-one-one, payor-payee model.A friend of mine does just that. Telepsych from the road. He has a laptop and camera and can see patients as he travels as long as private space. He was in Hawaii, then Alaska, then Florida doing very well for himself making over $400K. I think Radiologists enjoy this freedom as well with their telerads services.
Yeah, we are literally the most independent field in medicine, both practically and when you look at the data. No field has the freedom we do, and more of us take cash than any other field for a reasonI would think Psych still has the advantage as far as independence, right? As mentioned, there's relatively little overhead & equipment needed for Psych. Even though Rads can still do telework just as easily from their computer, its workflow is still a hospital-based specialty that requires X-ray, CT, U/S techs, etc. not to mention the costly equipment. More importantly, imaging tests which radiologists generate their income from has to be ordered by another provider. Rads has to rely on the middleman, whereas Psych doesn't and can have a one-one-one, payor-payee model.
I agree with this. I think some academic jobs can be cush bc volumes are lower (from what I've seen and the non academic jobs that get asked about here, this seems to be particularly true of inpatient unit work?) but they are not cush due to working with residents. At least, not if you care about ensuring good patient care and actually teaching.I like working with residents but they are not a net timesaver. They are orders of magnitude less efficient with their time than I am and they regularly leave critical information out of the H&P, which creates problems down the road and often requires me to go on fact-finding cleanup missions later in the course of treatment. All this is fine because they are learning. But from my perspective it's actually faster and more efficient for me to see patients solo.
We're never going to be the biggest profit center of the hospital, that's for sure. However, the level of financial incompetence I've seen in some academic depts when it comes to the business and logistical side of clinical care (efficient scheduling, collections, effective billing) makes me seriously wonder if we HAVE to be a money loser or if that's a product of mismanagement. Call me a conspiracy theorist but breaking even at least doesn't seem completely unattainable.Yeah, I asked a higher up recently about why we don't expand psychiatric services with all of the demand, and the answer was basically, "we cost money, and that's always the issue. Why would the system give us office or inpatient space that they could give to a cardiologist or orthopedist instead?"
I agree with this. I think some academic jobs can be cush bc volumes are lower (from what I've seen and the non academic jobs that get asked about here, this seems to be particularly true of inpatient unit work?) but they are not cush due to working with residents. At least, not if you care about ensuring good patient care and actually teaching.
With strong residents there's a point in the year where they are experienced or returning to a service and trustworthy you can lean back a bit. But that's not the all of them, and you have to have worked with them enough to know their skill set. Those residents are balanced by the ones who need additional help or remediation.
Yeah, I asked a higher up recently about why we don't expand psychiatric services with all of the demand, and the answer was basically, "we cost money, and that's always the issue. Why would the system give us office or inpatient space that they could give to a cardiologist or orthopedist instead?"