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I was glancing through NEJM's site the other day and found an article about medical education as a possible bubble: http://www.nejm.org/doi/full/10.1056/NEJMp1310778
The interesting part of the article are the two accompanying graphs. The first shows debt to salary taken on by different medical specialties. The second shows debt to salary in different professions. It's enlightening to note that MDs are concerned with debt to salary ratios, yet their specialty with the highest debt-to-salary ratio (family practice) is still much better off than pharmacy. We're only below optometry and veterinary medicine in debt-to-salary ratio. Not a good sign at all, folks.
There are lessons to be learned here. Schools, you are charging too much money. Pharmacy has looked like a cash cow for too long. Students are not to be used as your golden goose eggs! Students, choose the cheapest schools possible and keep your debts low!
The interesting part of the article are the two accompanying graphs. The first shows debt to salary taken on by different medical specialties. The second shows debt to salary in different professions. It's enlightening to note that MDs are concerned with debt to salary ratios, yet their specialty with the highest debt-to-salary ratio (family practice) is still much better off than pharmacy. We're only below optometry and veterinary medicine in debt-to-salary ratio. Not a good sign at all, folks.
There are lessons to be learned here. Schools, you are charging too much money. Pharmacy has looked like a cash cow for too long. Students are not to be used as your golden goose eggs! Students, choose the cheapest schools possible and keep your debts low!
