Corporate salary new grads

[SCDP]

As a new grad, are there a lot of opportunities from corporate dentistry to make 150k+ as well as benefits like healthcare, 401k, CE allowance...?

I feel like I read that you can make over 150k at corporate with benefits but then I see so many people saying you won't make much out of dental school...

I want to be able to buy a BMW and save up for retirement/practice loan right out of school(luckily won't have any debt)... but can only do so if I am making 150k+

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[HookahLungs]

Lucky bastard, but you most likely will be making somewhere in the 100-120k range out of d school so that m6 gran coupe will have to wait. I suggest the corvette C7

 

[THS]

As a new grad, are there a lot of opportunities from corporate dentistry to make 150k+ as well as benefits like healthcare, 401k, CE allowance...?

I feel like I read that you can make over 150k at corporate with benefits but then I see so many people saying you won't make much out of dental school...

I want to be able to buy a BMW and save up for retirement/practice loan right out of school(luckily won't have any debt)... but can only do so if I am making 150k+

This may be one of the most irresponsible things I have ever read. I get that BMWs are cool cars and everything, but if you want to go to corporate just so you can buy a car, you really need to check your priorities. And since you didn't mention which BMW you want, I can tell you're not a car guy/gal saving up for your dream, you just want a cool car.

You probably won't make $150K right out of school. Expect $100-$125 from corporate. After taxes, that's about $70-87k.

 

[b-rad12]

This may be one of the most irresponsible things I have ever read. I get that BMWs are cool cars and everything, but if you want to go to corporate just so you can buy a car, you really need to check your priorities. And since you didn't mention which BMW you want, I can tell you're not a car guy/gal saving up for your dream, you just want a cool car.

You probably won't make $150K right out of school. Expect $100-$125 from corporate. After taxes, that's about $70-87k.

Geez, I can't imagine paying 30k in taxes. That's crazy.

 

[SCDP]

This may be one of the most irresponsible things I have ever read. I get that BMWs are cool cars and everything, but if you want to go to corporate just so you can buy a car, you really need to check your priorities. And since you didn't mention which BMW you want, I can tell you're not a car guy/gal saving up for your dream, you just want a cool car.

You probably won't make $150K right out of school. Expect $100-$125 from corporate. After taxes, that's about $70-87k.

I'm sorry but no, I want that F82 M4, black sapphire metallic, black kidney grilles, carbon fiber front lip, rear diffuser, full black leather interior, and some HRE forged wheels. But that's what i want right now, I'm sure by the time I'm done with dental school, the new M4 will be out or just about to come out. Then again, right out of school I wouldn't mind going with a 435 m-sport and just tuning it, would be cheaper.

so no I don't just want a cool car, I have a very specific model in mind, I hate people who buy base 320's just for the brand name when a 32o is straight garbage.


Also, there are other benefits from corporate I see, become a faster worker, learn the business side of things, as well as get great benefits i believe

 

[HookahLungs]

That's weak get an m5 on classy forgiatos. At the point of being a debtist in your life I would imagine you wouldn't want to ride around in a car that looks cool to all the younger people but classy for you and your wife

 

[SCDP]

That's weak get an m5 on classy forgiatos. At the point of being a debtist in your life I would imagine you wouldn't want to ride around in a car that looks cool to all the younger people but classy for you and your wife

Well I'd probably be 26/27 at that point so I'd still like to consider myself young. The M5 can wait a decade or so. But I will say BMW struck GOLD with this current M5. The car is a beauuuuuuuty. I've driven a 2014 550 and that thing is fricking insane, can't imagine the M5

 

[HookahLungs]

Well I'd probably be 26/27 at that point so I'd still like to consider myself young. The M5 can wait a decade or so. But I will say BMW struck GOLD with this current M5. The car is a beauuuuuuuty. I've driven a 2014 550 and that thing is fricking insane, can't imagine the M5

Exactly why I suggested the m5 over the m4. I didn't think highly of the m5 in pictures, but once I saw it in person, I realized I'd like to own one later in my life. Hah good luck man.

 

[Silent Cool]

That's weak sauce, brah.

If you're not driving the Bugatti Veyron, you're a chump.

-Cool out.

 

[b-rad12]

That's weak sauce, brah.

If you're not driving the Bugatti Veyron, you're a chump.

-Cool out.

Atleast get something classy and something that looks good. Ferrari 458 Speciale for example.

 

[Silent Cool]

Atleast get something classy and something that looks good. Ferrari 458 Speciale for example.

That would be the suck, dude.

At least get a McClaren F1.

 

[b-rad12]

That would be the suck, dude.

At least get a McClaren F1.

McClaren? You want to look like a dentist, not the dental assistant.

Get a Lamborghini Aventador at the least.

 

[HookahLungs]

Just buy the earth since you won't have any loans out of D school

 

[Silent Cool]

McClaren? You want to look like a dentist, not the dental assistant.

Get a Lamborghini Aventador at the least.

Haha, well played.

 

[CMistry]

I know people who shortly after dental school bought $100k+ cars. Depends on how badly you want it (a.k.a. are you willing to live in the middle of nowhere and make other sacrifices to make it happen). It is definitely more the exception than the rule, even for car enthusiasts.

 

[coolslugs]

Sure you can. You just might add on to your debt (if you have any). Don't do it at your patient's expense (corporate upsell, overtreatment etc).

 

[Daurang]

Income does not equals wealth when you have debts and taxes. I suggest you save for retirement and practice first. "86% luxury cars are driven by non-millionaires and most popular car driven by millionaires is Toyota"... The Millionaire Next Door: Surprising Secrets of America’s Wealthy.

 

[yappy]

Income does not equals wealth when you have debts and taxes. I suggest you save for retirement and practice first. "86% luxury cars are driven by non-millionaires and most popular car driven by millionaires is Toyota"... The Millionaire Next Door: Surprising Secrets of America’s Wealthy.

What should someone do once they get the basics covered? For example, once debt is taken care of, reasonable living standards, and market based retirement vehicles maximized (roth, 401k, etc.) how does one invest their money in a responsible way? Are there other investments worth looking into that are not securities based as to hedge against market fluctuations? Thanks.

 

[Localnative]

OP- you're a D-bag.

Yappy- whole life insurance. very stable investment, builds cash value nicely over time.

overall take on corporate from my experience, colleagues:
~35% collections for GP
~40-45% collections for specialists

Don't settle for a "salary" with "bonus". With expectations of most corporate offices you won't crack the production ceiling to capitalize on that "bonus" scale.

 

[Daurang]

What should someone do once they get the basics covered? For example, once debt is taken care of, reasonable living standards, and market based retirement vehicles maximized (roth, 401k, etc.) how does one invest their money in a responsible way? Are there other investments worth looking into that are not securities based as to hedge against market fluctuations? Thanks.

1/2 money I bought real estates returning 10-20% on investment. 1/4 money I have in Vanguard ETF. 1/4 money I have in money market...waiting for the next real estate or market crash to buy into.

DON'T BUY whole life insurance. Get term life for a few hundred bucks annually and save and/or or invest the rest yourself.

 

[Localnative]

Durango-
I've invested in all kinds.
when it comes to a question of MARKET STABILITY, whole life is a nice way to get some return while surviving periodic fluctuations over several years, a decade, etc.
Over a short period of time I have enough to pay for one year of private university tuition for my kid. Not too shabby.