- Joined
- Mar 12, 2019
- Messages
- 54
- Reaction score
- 25
Hello everyone.
current R1 here. Doing some self reflection and I think I really fit in well with Academic profile. I like participating in research, I love the prospect of teaching residents at the workstation, and enjoy working in a large tertiary care center and interacting with similar minded clinicians.
I have read a lot about private practice vs academia over the years. However, a lot of these discussions tend to be vague. I feel like especially over the last five years things have changed in terms of the private practice land scape (growth of private equity firms, lack of true partnership, cutting reimbursements) and academics (increased volume requirements).
specifically at my institution, some attendings have mentioned they are reading at PP pace while still balancing educational requirements. Where I went to medical school, some attendings said they made like half of the community Rad down the street.
Can anyone with some expertise break this down more for us:
1. Compensation : is it true that Academic rads make less? If so, how much less? Is it half the amount, or closer to 80-90%?
2. If the above is true and that people are taking significant pay cuts for academia, why would anyone do that? Aside from the noble aspects of teaching residents and moving the field forward, isn’t it a tough pill to swallow to take such a cut? Or is it because the breakneck pace of PP is not worth it?
3. what does the average week look like? How many days in the reading room? Any academic days
4. how hard is it to get a job at an academic institution? What are the differences between clincal instructor roles and assistant prof/associate prof role?
5. what is considered in terms of career advancement and promotion?
6. many community hospitals are being gobbled up by nearby universities. Do “academic” appointments at these clinical hospitals truly count within academia
I really want to get into the nitty gritty of this. I appreciate any and all insight - I hope open discussion will help people like me in finding our career path
current R1 here. Doing some self reflection and I think I really fit in well with Academic profile. I like participating in research, I love the prospect of teaching residents at the workstation, and enjoy working in a large tertiary care center and interacting with similar minded clinicians.
I have read a lot about private practice vs academia over the years. However, a lot of these discussions tend to be vague. I feel like especially over the last five years things have changed in terms of the private practice land scape (growth of private equity firms, lack of true partnership, cutting reimbursements) and academics (increased volume requirements).
specifically at my institution, some attendings have mentioned they are reading at PP pace while still balancing educational requirements. Where I went to medical school, some attendings said they made like half of the community Rad down the street.
Can anyone with some expertise break this down more for us:
1. Compensation : is it true that Academic rads make less? If so, how much less? Is it half the amount, or closer to 80-90%?
2. If the above is true and that people are taking significant pay cuts for academia, why would anyone do that? Aside from the noble aspects of teaching residents and moving the field forward, isn’t it a tough pill to swallow to take such a cut? Or is it because the breakneck pace of PP is not worth it?
3. what does the average week look like? How many days in the reading room? Any academic days
4. how hard is it to get a job at an academic institution? What are the differences between clincal instructor roles and assistant prof/associate prof role?
5. what is considered in terms of career advancement and promotion?
6. many community hospitals are being gobbled up by nearby universities. Do “academic” appointments at these clinical hospitals truly count within academia
I really want to get into the nitty gritty of this. I appreciate any and all insight - I hope open discussion will help people like me in finding our career path