Originally posted by texdrake
I thought I would throw out what I have figured out for myself about my future pay using the same criteria above. I plan to practice in FP or Internal so I will use those numbers. I also took a three year scholarship so I will figure that as well.
Max Loan x 3 years: $115,500 + 35,000 (interest @ 5% over 10 years) = $150,500
Total Pay x 3 years = $48,000
Total Pay + Loan / commitment = $66K
Pay: Captain 46K
Basic Allowance Housing: 10k
Basic Allowance Supplement (food): 2K
Variable Specialty Pay: 5K
Board Certification Pay: 2.5K
Medical Additional Specialty Pay: 15K
Incentive Specialty Pay: 13.5K
TOTAL: 94K
AVG Malpractice Saving for FP & IM = 12K
Total = $172K annually for 3 year commitment
Drops to around 105-110K if I stay in longer as loose loan advantage
Average starting salary for FP / IM - Malpractice = $125K - 12K = 113K.
Average salary in private sector after 3 years (when my commitment is up), minus malpractice = $128K