Hey all!
I've been lurking on these forums for the past year or so, and have been toying with the idea of going back for a post-bac to gain admission to medical school with the ultimate goal of becoming a doctor. Apart from passion for the field, interest in medicine as a discipline, and a desire to help people, which I believe I possess, there are a number of things I am considering before I spend some serious money and forego some serious income to try my hand at a post-bac. Below are some of the reasons, which I see as huge positives and differences from my current field in consulting, which I would like you all to chime in on as to how true these really are. I would especially appreciate advice/feedback from folks already in the field as MDs or DOs:
1. Stable, High Paying Employment: while my current job pays fairly well, nowhere near a doctor though, it is a very 'up or out' culture. If I fail to make it to the next career level in a set amount of time, I can essentially be fired, or moved to a lower paying career tract. I can always leave for an industry job as they call it, but the pay will be lower and raises very low. On the other hand, my understanding is that, depending on specialty, doctors are able to pull in ~$250-500k+ annually pretty consistently, and, this is big for me, there isn't some huge pressure to 'advance' to the next level and get that big promotion every 3-4 years. You pretty much get through the rigor of medical school, residency, and then you are basically set if you do your job and do it well. There may be constant learning, but you aren't essentially fighting for your job every few years just to stay employed. In addition, the medical field will always be in high demand, and there is little chance of losing your job due to demand only. In my field, and my others, demand can be very cyclical, and if you catch yourself in an economic downturn...be prepared to get no raise, or worse...
2. Flexibility of Schedules: now I understand this may come down highly to specialty, but from various sources, it seems as though doctors are able to pretty much set their own hours, and have much more flexibility in terms of how often they work, and around what schedules. For instance, it seems many can do a few long shifts per week, and then have 3-4 days off. In my field, and pretty much all related ones, it is a strict M-F, 8:30 - 5:30 or so work day, with the occasional long day thrown in around deadlines, etc. In addition, there is zero room for me to decide I would like to work, let's say 60% of my current hours for 60% of my current pay; that just isn't a thing here or at any other firm I know of.
3. Office Politics & 'BS': I can see how this would still come into play as a resident for sure, or if you're in a large hospital/team setting, but for say someone in private practice or a small team, I would assume there is much less brown nosing, office politics to get that promotion (related to 1) or general stress of having a 'boss' on you all the time.
4. Ability to be an Entrepreneur: Yes, I could theoretically do this in my current industry, but the chance if failure is huge, and there is very little money to be made in the early stages. As an MD or DO, it seems that it would be -relatively- easy (depending on specialty), after gaining some experience, to go out on your own and start a private practice. Yes, you'll need to know how to run a business and deal with the insurance and regulatory side of things, but that is present in many businesses. Being in a very high demand field like medicine basically gives you a huge edge, in that your service is always in demand with a very small number of providers in comparison to the population.
5. Location of Work: Another big one for me personally. I don't love cities or even close in suburbs, however my job pretty much requires that I be within 60 minutes of one of our offices in a major US city. This means lots of traffic, high prices, and high taxes. I hear that many doctors are actually paid -more- to live in more rural areas, which for me sounds fantastic!
These are just the biggies I've been thinking about in weighing my choices, would love for anyone to chime in and comment on the validity of these. I'm just trying to get the best information possible before making a decision, thank you all!
I've been lurking on these forums for the past year or so, and have been toying with the idea of going back for a post-bac to gain admission to medical school with the ultimate goal of becoming a doctor. Apart from passion for the field, interest in medicine as a discipline, and a desire to help people, which I believe I possess, there are a number of things I am considering before I spend some serious money and forego some serious income to try my hand at a post-bac. Below are some of the reasons, which I see as huge positives and differences from my current field in consulting, which I would like you all to chime in on as to how true these really are. I would especially appreciate advice/feedback from folks already in the field as MDs or DOs:
1. Stable, High Paying Employment: while my current job pays fairly well, nowhere near a doctor though, it is a very 'up or out' culture. If I fail to make it to the next career level in a set amount of time, I can essentially be fired, or moved to a lower paying career tract. I can always leave for an industry job as they call it, but the pay will be lower and raises very low. On the other hand, my understanding is that, depending on specialty, doctors are able to pull in ~$250-500k+ annually pretty consistently, and, this is big for me, there isn't some huge pressure to 'advance' to the next level and get that big promotion every 3-4 years. You pretty much get through the rigor of medical school, residency, and then you are basically set if you do your job and do it well. There may be constant learning, but you aren't essentially fighting for your job every few years just to stay employed. In addition, the medical field will always be in high demand, and there is little chance of losing your job due to demand only. In my field, and my others, demand can be very cyclical, and if you catch yourself in an economic downturn...be prepared to get no raise, or worse...
2. Flexibility of Schedules: now I understand this may come down highly to specialty, but from various sources, it seems as though doctors are able to pretty much set their own hours, and have much more flexibility in terms of how often they work, and around what schedules. For instance, it seems many can do a few long shifts per week, and then have 3-4 days off. In my field, and pretty much all related ones, it is a strict M-F, 8:30 - 5:30 or so work day, with the occasional long day thrown in around deadlines, etc. In addition, there is zero room for me to decide I would like to work, let's say 60% of my current hours for 60% of my current pay; that just isn't a thing here or at any other firm I know of.
3. Office Politics & 'BS': I can see how this would still come into play as a resident for sure, or if you're in a large hospital/team setting, but for say someone in private practice or a small team, I would assume there is much less brown nosing, office politics to get that promotion (related to 1) or general stress of having a 'boss' on you all the time.
4. Ability to be an Entrepreneur: Yes, I could theoretically do this in my current industry, but the chance if failure is huge, and there is very little money to be made in the early stages. As an MD or DO, it seems that it would be -relatively- easy (depending on specialty), after gaining some experience, to go out on your own and start a private practice. Yes, you'll need to know how to run a business and deal with the insurance and regulatory side of things, but that is present in many businesses. Being in a very high demand field like medicine basically gives you a huge edge, in that your service is always in demand with a very small number of providers in comparison to the population.
5. Location of Work: Another big one for me personally. I don't love cities or even close in suburbs, however my job pretty much requires that I be within 60 minutes of one of our offices in a major US city. This means lots of traffic, high prices, and high taxes. I hear that many doctors are actually paid -more- to live in more rural areas, which for me sounds fantastic!
These are just the biggies I've been thinking about in weighing my choices, would love for anyone to chime in and comment on the validity of these. I'm just trying to get the best information possible before making a decision, thank you all!