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I apologize if I offended anyone with that post
No problem, tone is hard to pick out on the internet.
You are welcome here, and I hope you get something useful out of this thread.
I apologize if I offended anyone with that post
It is complex and confusing.
The official military pay calculators on the web all suck, because they weren't written with doctor pay, or doctor training, or doctor obligations, or doctor pay-after-getting-out in mind. They're a useless as recruiters. So I wrote a web app to
- estimate active duty pay until retirement eligibility based on specialty, rank, and other factors
- estimate the value of a military retirement, not counting health or other benefits
- compare lifetime earnings of a milmed career vs departure immediately after ADSO fulfillment
In the next week or so, when I'm done debugging it, I'll post it here. And then you'll be able to see exactly how much military physicians make.
- attempt to determine a rough "break even" point, after which it makes financial sense to stay in until retirement
If money is not a motivator don't worry about calculators and confusing paycharts/bonuses, the military pay will be fine.Thank you pgg, this is exactly the type of response I was looking for. I'm not looking for someone to coddle me or say everything is sunshine and lollipops. I think most of us newbies are just seeking answers to questions we cannot answer ourselves from experienced individuals who aren't going to ridicule us because we haven't been there.
This sounds like a very time-consuming endeavor and also an incredibly useful one. I (and I'm sure all potential milmed candidates) really appreciate you taking the time to make a program like this.
The 50k thing was a generality about myself. I currently make around 25k/yr and am perfectly happy financially, just bored to death with the actual job. Though if I had a family to support I would obviously want to be making more than 50k, that was more of a generality of supporting myself as an individual. I'll also have to read through the thread you posted. I've read a decent amount of the HPSP posts on here, but I hadn't come across that one yet. Thank you again for taking the time to provide constructive guidance to someone just starting their medical education.
Well obviously money is a motivator, but I consider anything over 50k a year to be more than sufficient for me.
LOL, I hope you either plan on never getting married and having kids, or living in a very rural area. Otherwise you'll find that 50k for a family doesn't go very far.
I'm not going into medicine for the money at all. I think I'd actually do it for free if all of my needs were provided for, but I'd definitely like to know that I'll be able to support myself and my family when the time comes.
I didn't come here to get a bunch of BS about how naive you perceive me to be. I came here to get legitimate perspectives about the HPSP and life as a military physician, not a misguided and misquoted analogy from an middle school level book.
The general consensus I've been seeing here is to run as far away from the military as possible, I'll ask the question differently. If I'm interested in providing medical care to members of the military but still want to maximize my financial gains (which is apparently inevitable from what everyone has written or implied), would people recommend taking the HPSP, staying debt-free, and then moving into civilian medicine after fulfilling the obligation if I no longer wanted to , or would you recommend taking the normal med school route and trying to get a contract with the DOD or at a VA hospital after racking up a massive amount of debt that I probably wouldn't be able to pay off until I'm well over 40?
I was just curious about the monetary thing because even though I've researched it I can't find how much military physicians typically make and if there is a difference between specialties. I know it's based on rank, but I've found and been told conflicting information about what rank physicians start at and how much that actually pays. If you don't mind sharing, how long were you/have you been in the military and how long did you/are you planning on staying in the military as a physician? Are you just fulfilling obligations or are you staying for the duration of your career?
. . . , my civilian counterpart . . His contract information is available online, it was last renewed for $385,000."
Holy scheiB!!!!!!!! I shoulda stuck around as a contract doc!
Well, back up a bit. The contract price is what goes to the contracting company, not the contractor. The actual person makes less than the contract ... often a LOT less. And it's 1099 pay ... and they may have a whole 15 days worth of job security. It's not all groovy.
The army has afforded me and my family a great life (grew up in a big suburban D.C. house, prep school, an elite university, country clubs, fancy cars, etc) and I feel like I owe the army for this. I, too, would want this life for my wife and kids.
The off-the-top skim the contracting companies take is ridiculous. I've heard of percentages as high as 30%.
FWIW, my department contracts directly with the individual. In fact, some of them actually talked the government into contracting with the LLC/S-corporation owned by the individual. So, at least in one corner of the DoD, that $385K really is $385K. Of course, that doesn't account for the 1099 income advantages/disadvantages vs. getting a W2.
Hi everyone!
I appreciate everyone's informative responses. I'm still deciding where I'll go to med school next year. Some days I wake up and I'm 110% committed to USUHS, other days not so much (usually the days I read SDN lol). My dad's already making me study the latest edition of Tortora's Anatomy and Physiology and testing me on it periodically (yay helicopter parents).
Do you guys think brigade surgeon spots will decline as we move out of the middle east? Any predictions on how the landscape of milmed looks in 10 years? Since this conversation has gravitated towards civilian contractors, I asked my dad what he thinks about it, and he thinks in the coming years, milmed will undergo an effective downsizing and do away with many of the civilian contractors. Keep in mind that he sees the world through rose-colored glasses though.
Thanks again everybody!
Ah the old pre-med "I'd do this for free" gambit. We're not a medical school admissions committee: the shibboleths need not be uttered and no "party line" need be toed.
I'll take a page from history and graciously accept your salary while in return making sure that you and your family's "needs" are taken care of. Pretty soon you'll be saying things like "Napoleon is always right", and "I'll just work harder."
#Benjaminthedonkey