Having a Net Worth > $5M (applicant)

[Dailux]

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In a perfect world, medical school admissions would be based entirely on an individual's potential to make a high quality quality physician. As we all know though, there are variables outside the realm of academia that weigh significantly in the process.

So the question is this: If a potential applicant with marginal stats has an extremely high individual net worth (not family net worth), for context let's say greater than $5 million, would this carry any weight with an admissions board?

 

[sinombre]

How would the admissions board have any knowledge of the applicant's net worth? How they became aware of this would likely significantly affect the answer to your question.

 

[music2doc]

In a perfect world, medical school admissions would be based entirely on an individual's potential to make a high quality quality physician. As we all know though, there are variables outside the realm of academia that weigh significantly in the process.

So the question is this: If a potential applicant with marginal stats has an extremely high individual net worth (not family net worth), for context let's say greater than $5 million, would this carry any weight with an admissions board?

Yes... IN THE REVERSE DIRECTION (but only if you mention it, in which case you'll come off as an a**hat).

Otherwise, no, but the fact that you are asking this is not exactly a good sign...

 

[Dailux]

How would the admissions board have any knowledge of the applicant's net worth? How they became aware of this would likely significantly affect the answer to your question.

Well I think that leads to another question; would this information be pertinent enough to put into an application?

At the very least, from a logistical perspective, it would eliminate the concern that the applicant is "only in it for the money."

 

[Doctor Strange]

Well I think that leads to another question; would this information be pertinent enough to put into an application?

At the very least, from a logistical perspective, it would eliminate the concern that the applicant is "only in it for the money."

Unless you're planning on donating a large amount of money and a new building wing to the university, then, no; ain't nobody care.

 

[DrBowtie]

This is only relevant if said person wanted to endow a chairmanship.

 

[Dailux]

Unless you're planning on donating a large amount of money and a new building wing to the university, then, no; ain't nobody care.

There's a school of thought that successful people will be successful in any field. If an individual was savvy enough to earn this amount of money prior to completion of undergrad, does this in itself not speak volumes about their ability?

 

[Doctor Strange]

There's a school of thought that successful people will be successful in any field. If an individual was savvy enough to earn this amount of money prior to completion of undergrad, does this in itself not speak volumes about their ability?

If you started a small business or something like that, then that would be worth mentioning. If you played the stock market, that's not as important. The main point is that nobody cares what your net worth is, and mentioning it would just give off a bad impression to most people.

 

[sinombre]

There's a school of thought that successful people will be successful in any field. If an individual was savvy enough to earn this amount of money prior to completion of undergrad, does this in itself not speak volumes about their ability?

No, because plenty of wealthy people inherit money and/or lucrative positions.

 

[Dailux]

If you started a small business or something like that, then that would be worth mentioning. If you played the stock market, that's not as important. The main point is that nobody cares what your net worth is, and mentioning it would just give off a bad impression to most people.

Obviously no one is going to respond positively to someone gloating about their fat bank account. But I would argue that the only people that would actually be offended by this credential would be those with a low net worth; which in effect is probably most adcoms.

With the exception of winning the lottery or inheriting a fortune, making money isn't easy and in my view shows a high level of competence that would place you more than three standard deviations above the norm in at least one aspect -- which in the end, isn't that an applicant's goal, to stand out?

 

[Doctor Strange]

Obviously no one is going to respond positively to someone gloating about their fat bank account. But I would argue that the only people that would actually be offended by this credential would be those with a low net worth; which in effect is probably most adcoms.

With the exception of winning the lottery or inheriting a fortune, making money isn't easy and in my view shows a high level of competence that would place you more than three standard deviations above the norm in at least one aspect -- which in the end, isn't that an applicant's goal, to stand out?

Wooooow. Okay, go ahead and mention it. Good luck, buddy.

You had me going there for awhile. 8/10

I'm done here now.

 

[red doctober]

OP:

 

[notbobtrustme]

when daddy's name is on the conference room, it's pretty much assured you have a spot.

 

[HughMyron]

Don't mention it verbally, just flash hundreds at random points to impress people. They'll be mirin'.

 

[phikapdoctor]

On interview day have a magnum and a wad of hundreds fall out of your pocket. This way they know you have a big dong and a lot of money.


Sent from my iPhone using SDN Mobile app please excuse punctuation and spelling

 

[sliceofbread136]

Well it works for girls, maybe it'll work for adcoms

 

[BABSstudent]

My family physician was worth that much before medical school. He started a business and grew it into something huge. However, that took time. He applied at about the age of 38. That was the limiting thing for his application.

He had a few schools tell him he was too old. They didn't care how successful he was outside of medicine.

 

[gyngyn]

No.

 

[tiedyeddog]

No.

 

[FSU2013]

I swear, trolls take no pride in their work anymore.

 

[sazerac]

A huge net worth is kind of like an EMT license. You gotta use it. Will it make up for marginal stats? Hell no. Will it impress an adcom? No. Will using the net worth in a manner consistent with the mission of the school (education? health to the under served?) help an app? Yes.

But it won't make up for bad stats, which is what you are asking.

 

[calvnandhobbs68]

On interview day have a magnum and a wad of hundreds fall out of your pocket. This way they know you have a big dong and a lot of money.


Sent from my iPhone using SDN Mobile app please excuse punctuation and spelling

Do it.

 

[pre med 2014]

so how did you make 5 million dollars?

 

[eefen]

I think you should wire a large portion of your funds to my bank account in Nairobi....but that's just me...

No, you shouldn't bring this up--unless HOW you amassed your fortune is particularly awe-inspiring.

And legal.

 

[lobo.solo]

so how did you make 5 million dollars?

This^