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big bucks

Discussion in 'Pre-Medical - MD' started by sacrament, Aug 13, 2001.

  1. sacrament

    sacrament somewhere east 15+ Year Member

    Please tell me there's a problem with my math:

    Figuring that approximately 40,000 people are applying through AMCAS, and on average each one applies to about 10 schools, that's $420 * 40,000 = $16,800,000. Almost 17 million dollars?!? What do you figure their operating costs are? I'm guessing it isn't 17 million dollars.
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  3. kornphan

    kornphan Senior Member 7+ Year Member

    Jun 11, 2001
    good question! i wish i had the answer...
  4. Hopkins2010

    Hopkins2010 Banned Banned

    Nov 5, 1999
    Baltimore, Maryland
    You're right. New webservers and software development is expensive, but its NOT that expensive, so AMCAS cant play this off like the web application is soo expensive that they need all that money to support it.

    Also, they have a relatively small staff (somewhere around 20 full time employees) so their staffing costs arent that high also. This year, they hired some additional temp workers, but temps are even cheaper than full timers.

    I'd love to see their books. I'd be absolutely shocked if their costs actually come to around 17 million. If it really does cost them that much to operate, then they are surely the most inadept non-profit organization that I've ever heard of.

    No other non-profit gets away with the budgeting and delivery stuff that AMCAS does.
  5. LizardKing

    LizardKing Veteran Member 7+ Year Member

    Aug 6, 2001
    Don't forget, AAMC makes a ton of money off MCAT registration fees. I've heard AMCAS alone makes 31 million dollars each year.

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