approximate income from residency to subspecialties

[nighthawk3]

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Except for the malpractice climate. Florida has some of the highest premiums in the country.

Yeah but it's still not killing them. I don't know much about salaries anywhere else, but I assure you that just about every doctor here is doing more than fine. As for the socialization thing, and I think someone touched on this above, I think if socialization were to ever occur, there would be a considerable market for private physicians who are always available and can provide better care. A ton of doctors here in south Florida already offer "premium patient" plans where for about $2K a year you are guaranteed an appointment within 24hrs and a personal visit from your PCP if you ever end up at the hospital. You'd be surprised how easy it is for a lot of doctors to sign up 100-200 patients for these plans...

 

[Law2Doc]

but I assure you that just about every doctor here is doing more than fine.

There have been bankrupted medical practices and financially ruined doctors in So. Fla. Actually quite a lot because Fla homestead protects your house when you run your company into the ground in this way. So Florida is actually one of several havens for folks heading for financial ruin. Nothing is as cut and dry as you'd like to believe.

 

[nighthawk3]

There have been bankrupted medical practices and financially ruined doctors in So. Fla. Actually quite a lot because Fla homestead protects your house when you run your company into the ground in this way. So Florida is actually one of several havens for folks heading for financial ruin. Nothing is as cut and dry as you'd like to believe.

You should come on down and check out the situation. There probably are a few here and there that screwed up somehow, but the last thing on most sofla physicians' minds is homestead exemption.

 

[Law2Doc]

You should come on down and check out the situation. There probably are a few here and there that screwed up somehow, but the last thing on most sofla physicians' minds is homestead exemption.

It's a lawyer thing. Often the only time we see people is when they are badly in need of help. I'm just letting you et al know that while there are many high flying doctors out there, there are certainly more than you'd think who crash and burn.

 

[Katya00]

I wonder how many of these "successful" doctors are actually living on credit, which makes them look much more rich. It is so common for people to overextend themselves with credit, while making low or minimum payments every month, and just digging deeper and deeper into debt. I don't personally feel like it's worth being catastrophically in debt just to appear super successful.


Especially with all the whining we do on this site about wages, when so much of the rest of the world lives in squalor, and doesn't get the slightest chance for the opportunities we have.

 

[toofache32]

Feel better now? 🙄

What is that supposed to mean? Nice attempt at being evasive. But I'm glad to see that you don't deny the malignancy of your earlier remarks.

 

[jwsmiths]

If I remember correctly my father was making around 100k/yr at the end of his cardiology fellowship - but this was years ago and out in California so YMMV.

 

[uclaunita]

I love when people say stuff like, "Oh if you wanted to make money you should have become an investment banker". Do you have any idea how hard those jobs are to get? There are only a handful of investment banking positions in the country, and tens or hundreds of thousands of people apply for them each year.

With medical school, at least if you get a certain GPA, and MCAT score, you can have some certainty of getting in. With good paying business jobs out of college - unless you have some major connections, just forget about it.

INVESTMENT BANKING JOBS ARE NOT "DIFFICULT TO GET". COME ON--you cant compare that to the rigor of the med application process. ive done both, which is why im speaking on it.

 

[beetlerum]

INVESTMENT BANKING JOBS ARE NOT "DIFFICULT TO GET". COME ON--you cant compare that to the rigor of the med application process. ive done both, which is why im speaking on it.

I have experience with both and I totally disagree.
This is really person dependent though. If you have the right profile for I banking and go to Harvard, then, yes, it will be much much easier for you to get an i banking job. On the other hand, many people get into top med schools but would have no chance at landing I banking, much less moving up.

 

[Law2Doc]

I have experience with both and I totally disagree.
This is really person dependent though. If you have the right profile for I banking and go to Harvard, then, yes, it will be much much easier for you to get an i banking job. On the other hand, many people get into top med schools but would have no chance at landing I banking, much less moving up.

There are many more schools than Harvard that feed into I-banks. And certainly not one "right profile", or at least perhaps not the one you are thinking of. As far as moving up, a lot of that is effort dependant with some luck and aptitude mixed in. One is going to have to pass the various series exams and at some point at this path, one is going to have to be willing to get an MBA to move up the food chain. But being willing to bust your hump and to sit at the printers at all hours of the night are skills that will keep you around, in most cases.

 

[beetlerum]

There are many more schools than Harvard that feed into I-banks. And certainly not one "right profile", or at least perhaps not the one you are thinking of. As far as moving up, a lot of that is effort dependant with some luck and aptitude mixed in. One is going to have to pass the various series exams and at some point at this path, one is going to have to be willing to get an MBA to move up the food chain. But being willing to bust your hump and to sit at the printers at all hours of the night are skills that will keep you around, in most cases.

Huh, I didn't know you had personal experience with I banking in addition to law. In any case, yes, of course, there are other schools, but it can be very hard for people not from prestigious schools to break into it. And if you don't have the profile, you won't be able to do it, regardless of grades and whatever. And yes, there is basically a "profile", much more so than medicine. Of course this is a generalization, etc. But if you don't have the right personality, you'll have trouble.

And no, effort is not enough to keep moving up in I banking. If it were as easy as you make it sound, a ridiculous number of people would be trying to do it, since the financial rewards at the top are obscene. So no, your statement is false. Busting your hump is not enough to "keep you around," whatever that means exactly.

In contrast, if you get a 3.7 bio and 32 MCAT from any school, and you put a little effort into volunteering, you can get into med school. Actually, your post would apply much more accurately to medicine than I banking.