- Joined
- Jul 30, 2016
- Messages
- 17
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Long story in my job hunting as graduating fellow. Now with 3 offers to compare, all from the same city in midwest
- my first offer is with a satellite practice with an university system. 4.5 days a week, $400k guarantee salary for 2 years, bonus structure is not well-defined and likely at discretion of my boss. $25k sign on bolus. Benefit is soso. Call 1:4. Unfortunately this practice fell apart overnight in the process of hospital merging. End of story.
- now got an offer from another big name in the city, satellite, group of 12, 4.5 days a week, call is very light, compensation is unrelated to your productivity, $350k written in stone, no sign-on bonus, no room for negotiation. Benefit cannot be better. Yearly contract. A lot of docs in the pool are mid 30s to mid 40s with small kids. I personally know several of them, they are all happy.
Pro-it functions very close with academic main campus, colleagues are well-trained and friendly, hence it might build a solid foundation for my career trajectory;
Con-I don't quite like their compensation structure
- the other offer is from the same brand name but recently acquired and still functions like private practice. A group of 7, soon to be 6, as one or two docs are retiring. 5 days a week (they claim to be flexible with scheduling knowing that I have small kids and a working husband). $380k base salary as long as I meet 4250 wRVU, $25k bonus as long as I meet quality metrics, $88.7 per wRVU above 5000. $100k sign-on bonus. Benefit is great. 5-year contract; hospital and physician may terminate without cause providing 90 day notice.
Pro-better compensation, still room to negotiate;
Con-5-year contract, no guarantee first-year salary though I did not ask yet, things are still in movement as the practice being integrated into the big name system, a few older docs choose to retire at once, shall I consider it as a red flag?
Thanks for sharing your thoughts
- my first offer is with a satellite practice with an university system. 4.5 days a week, $400k guarantee salary for 2 years, bonus structure is not well-defined and likely at discretion of my boss. $25k sign on bolus. Benefit is soso. Call 1:4. Unfortunately this practice fell apart overnight in the process of hospital merging. End of story.
- now got an offer from another big name in the city, satellite, group of 12, 4.5 days a week, call is very light, compensation is unrelated to your productivity, $350k written in stone, no sign-on bonus, no room for negotiation. Benefit cannot be better. Yearly contract. A lot of docs in the pool are mid 30s to mid 40s with small kids. I personally know several of them, they are all happy.
Pro-it functions very close with academic main campus, colleagues are well-trained and friendly, hence it might build a solid foundation for my career trajectory;
Con-I don't quite like their compensation structure
- the other offer is from the same brand name but recently acquired and still functions like private practice. A group of 7, soon to be 6, as one or two docs are retiring. 5 days a week (they claim to be flexible with scheduling knowing that I have small kids and a working husband). $380k base salary as long as I meet 4250 wRVU, $25k bonus as long as I meet quality metrics, $88.7 per wRVU above 5000. $100k sign-on bonus. Benefit is great. 5-year contract; hospital and physician may terminate without cause providing 90 day notice.
Pro-better compensation, still room to negotiate;
Con-5-year contract, no guarantee first-year salary though I did not ask yet, things are still in movement as the practice being integrated into the big name system, a few older docs choose to retire at once, shall I consider it as a red flag?
Thanks for sharing your thoughts