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Hi all. I am currently applying for the entering class of '05 and checked only the MD boxes on apps. However, I have been doing undergrad research and enjoy that. Anyhow--and I know it's considered faux pas to say this--but I am also somewhat money-motivated. I would not be satisfied with any job unless I can earn WELL over $100k per year. No, I'm not greedy but I've got some family members who will be retiring and will depend on me for their livlihood. Now I know that researchers with MDs sit at the top of the academic salary pyramid, but I think it is also likely that their average income is less--perhaps considerably--than practicing doctors. Can anyone shed some light on researchers' salaries? Along with all this, I have some other questions:
1) What are the career possibilities of one who pursues a joint MD/PhD degree? Is it only a medical school professor? Is it only a career that is 100% research? Can a person hold a career that is part research, and part practicing medicine? Can you do research with JUST an MD, or do you need the PhD too? What are the average salaries for all of these options?
2) What is the average level of competition for obtaining an MD/PhD scholarship which covers tuition and living expenses for the length of the dual degree? Do all MD/PhD students receive this scholarship, or only a few? What, if anything, does the scholarship recipient owe to the school from which he is obtaining his degree (or to any other institution)? The reason I am wondering is that the tuition and living expenses for 6+ years is probably close to $200k, and I find it hard to believe that the recipient would not owe something for that amount of money.
3) Can a researcher or researcher/practitioner have significant free time to devote to a hobby(s) (and I mean AFTER obtaining the degrees and training)? To be honest, I really don't want to be working more than 40-45 hrs/wk--not so I can sit and loaf, but so I can have time to pursue my hobbies. Which career would give me more free time--research or practice?
4) Is it more difficult to obtain a scholarship for an MD/PhD degree if you apply for it AFTER starting medical school as a straight MD degree candidate?
5) I hear repeatedly--albeit anecdotally--that it does not matter where you go to med school, UNLESS you want to go into research or teach. Is this true?
6) What is the average length of the entire MD/PhD program? Someone on this thread said 7-8 years. Is that correct? How likely is it to go longer? After that, do you do a residency or not? Only if you want to practice some?
7) I had an admissions advisor from a med school tell me that applying as an MD/PhD was like a backdoor into med school, as in it's easier to get in as long as you have the research experience. Is this true?
Thank you!!
1) What are the career possibilities of one who pursues a joint MD/PhD degree? Is it only a medical school professor? Is it only a career that is 100% research? Can a person hold a career that is part research, and part practicing medicine? Can you do research with JUST an MD, or do you need the PhD too? What are the average salaries for all of these options?
2) What is the average level of competition for obtaining an MD/PhD scholarship which covers tuition and living expenses for the length of the dual degree? Do all MD/PhD students receive this scholarship, or only a few? What, if anything, does the scholarship recipient owe to the school from which he is obtaining his degree (or to any other institution)? The reason I am wondering is that the tuition and living expenses for 6+ years is probably close to $200k, and I find it hard to believe that the recipient would not owe something for that amount of money.
3) Can a researcher or researcher/practitioner have significant free time to devote to a hobby(s) (and I mean AFTER obtaining the degrees and training)? To be honest, I really don't want to be working more than 40-45 hrs/wk--not so I can sit and loaf, but so I can have time to pursue my hobbies. Which career would give me more free time--research or practice?
4) Is it more difficult to obtain a scholarship for an MD/PhD degree if you apply for it AFTER starting medical school as a straight MD degree candidate?
5) I hear repeatedly--albeit anecdotally--that it does not matter where you go to med school, UNLESS you want to go into research or teach. Is this true?
6) What is the average length of the entire MD/PhD program? Someone on this thread said 7-8 years. Is that correct? How likely is it to go longer? After that, do you do a residency or not? Only if you want to practice some?
7) I had an admissions advisor from a med school tell me that applying as an MD/PhD was like a backdoor into med school, as in it's easier to get in as long as you have the research experience. Is this true?
Thank you!!