I am a 3rd year Navy HPSP dental student and I need some info about what programs I should be applying to soon. I want to stay in the Navy until I retire. I am not interested in a specialty and would like to be a general dentist. For those of you in the Navy and know the programs, how would I maximize my pay for my career in the Navy?
First off, plan on taking a board exam. There are those who chose to receive licensure through PGY-1, and as a result were ineligible for their annual ASP bonus for their first year, until they finished their AEGD/GPR through the Navy and obtained their CA/NY license. That was about $10K they were giving up. Yes, taking a board exam is expensive, but think of it as the Navy giving you 2 shots at the board for free. Or, if you pass the first time, $5000 extra in your pocket in the first year.
Secondly, if you are fluent in a second language, you can get additional bonus pay for languages in demand. Farsi, Arabic, Persian, Dari, Korean, and Chinese are among the languages they will give you a monthly bonus for. You will have to take a proficiency test to get the $ though.
Thirdly, rent below your means. Consider sharing a house/apartment with someone and pocketing the difference between rent and BAH.
If you would like to be a general dentist for the entire navy career, then you really are looking at Operative specialty or the Comprehensive Dentistry residency (aka 2-year AEGD). Talk to the recruiter about applying to Comp straight out of school. It is uncommon for people to get in straight out of school, but that's one way to do it. Another good route to take is Prosthodontics, as the coordination between different departments closely mimics GD in real life. I've had classmates get into Navy prosth straight out of school, and prosth is always in demand in the navy.
The way the pay works with specialization/comp is that you only get the Dental Officer Multi-Year Retention Bonus (DOMRB) only after you've finished paying off all other Active Duty obligations. This becomes an important factor for the following reason:
If you do specialty training through the Navy, at a civilian institution, whatever # of years you spend training will be tacked on to the end of your ADO. However, if you do training through the Navy at the NPDS in Bethesda, then you are eligible for concurrent payback, and you can start collecting your DOMRB.
Comp is only offered through the NPDS, though, so the above paragraph really applies to other specialties.
Please keep in mind that things may change every year... this is just what's current right now.
TL;DR: Pass the board exam before coming in, apply to specialties straight out of school, and get training in Bethesda to collect your bonus sooner.