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- May 9, 2000
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I'm *finally* going to be done with training (finishing my child psychiatry fellowship in June) and just starting to dip a toe into the job market. I'd love to do an inpatient/outpatient hybrid, but inpt jobs where I want to be are hard to come by in child, so the main options seem to be:
1. Take a faculty/academic position (I never thought I'd end up in academic medicine!) where I'm training. I love my program, love the hospital where I work, love the faculty who would be my colleagues. Salary is distinctly not great for child... starting is 140K, with some kind of way to bump that up with one's own clinical practice, but I'm not clear just how much you could bump that up. The university has a huge budget crisis and faculty recently had to take salary cuts. There would be consult responsibilities, which can mean later hours and can cut into your private patients. Plus call coverage (going in to staff floor consults, advising fellow over the phone for ED consults). Faculty positions are partially funded by community mental health contract work, which you do ~half time. The contract work could be done with #2, which might be the best of both worlds.
2. Take a position with a developmental pediatrics large, multidisciplinary practice, where I'm currently doing an elective in infant-toddler mental health. I love this place, love the work they're doing, love that there's in house OT/SLP services, love the devotion among the docs there to attachment issues and behavioral issues in young children. I'd see 6 hrs of pts/day, with the rest of the day for the unending hell of collateral that is child psychiatry. They're very into lifelong learning, and bring in major researchers in attachment theory (Allan Schore!) to educate the staff. We haven't talked numbers yet--no idea if it would be more or less than the faculty position. I hope not less!
3. Take an outpt position at Kaiser. Starting is ~180K, Kaiser benefits are second to none, a friend who accepted a job there recently got a 25K signing bonus. Downside: primarily med mgmt, potentially huge caseloads over which you don't have a ton of control. Upsides (aside from salary/benefits, which are a combined awesome): no billing issues, no dealing with insurance companies ever, malpractice is covered.
4. Go into private practice. I know several graduates of this program who have done that and are doing *really* well, like >$250K well. I worry that it would be isolating. I worry that it would be lonely. I like the idea of total autonomy, and good income potential, and having total control over who you do and do not treat. Billing, setting oneself up as a business, etc all seems like a huge hassle, but it's probably worst at the beginning, and once you settle on a system that works for you, it's probably pretty decent, I'd imagine.
5. Various community mental health options (residential, substance abuse, community treatment) while setting up a part time private practice.
What was your decision making process like for your first job out of fellowship or residency? Did you have a long term career trajectory you were following, or just looking at the most attractive offer at the moment? How much did salary factor into your decision? The combo of 1 & 2 sounds most appealing to me, but I worry about shorting myself anywhere from $40-90K--I have loans, I'm the sole breadwinner, I have 2 toddlers, and we'd like to buy a house soon (but have nothing saved yet, just scraping by as we have been for the past 10 yrs!).
1. Take a faculty/academic position (I never thought I'd end up in academic medicine!) where I'm training. I love my program, love the hospital where I work, love the faculty who would be my colleagues. Salary is distinctly not great for child... starting is 140K, with some kind of way to bump that up with one's own clinical practice, but I'm not clear just how much you could bump that up. The university has a huge budget crisis and faculty recently had to take salary cuts. There would be consult responsibilities, which can mean later hours and can cut into your private patients. Plus call coverage (going in to staff floor consults, advising fellow over the phone for ED consults). Faculty positions are partially funded by community mental health contract work, which you do ~half time. The contract work could be done with #2, which might be the best of both worlds.
2. Take a position with a developmental pediatrics large, multidisciplinary practice, where I'm currently doing an elective in infant-toddler mental health. I love this place, love the work they're doing, love that there's in house OT/SLP services, love the devotion among the docs there to attachment issues and behavioral issues in young children. I'd see 6 hrs of pts/day, with the rest of the day for the unending hell of collateral that is child psychiatry. They're very into lifelong learning, and bring in major researchers in attachment theory (Allan Schore!) to educate the staff. We haven't talked numbers yet--no idea if it would be more or less than the faculty position. I hope not less!
3. Take an outpt position at Kaiser. Starting is ~180K, Kaiser benefits are second to none, a friend who accepted a job there recently got a 25K signing bonus. Downside: primarily med mgmt, potentially huge caseloads over which you don't have a ton of control. Upsides (aside from salary/benefits, which are a combined awesome): no billing issues, no dealing with insurance companies ever, malpractice is covered.
4. Go into private practice. I know several graduates of this program who have done that and are doing *really* well, like >$250K well. I worry that it would be isolating. I worry that it would be lonely. I like the idea of total autonomy, and good income potential, and having total control over who you do and do not treat. Billing, setting oneself up as a business, etc all seems like a huge hassle, but it's probably worst at the beginning, and once you settle on a system that works for you, it's probably pretty decent, I'd imagine.
5. Various community mental health options (residential, substance abuse, community treatment) while setting up a part time private practice.
What was your decision making process like for your first job out of fellowship or residency? Did you have a long term career trajectory you were following, or just looking at the most attractive offer at the moment? How much did salary factor into your decision? The combo of 1 & 2 sounds most appealing to me, but I worry about shorting myself anywhere from $40-90K--I have loans, I'm the sole breadwinner, I have 2 toddlers, and we'd like to buy a house soon (but have nothing saved yet, just scraping by as we have been for the past 10 yrs!).