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I know I'm late to the party, but this is a fascinating thread. I'm a graduating MSTP at a competitive program and most of my classmates and I have extensively discussed these issues. One particular aspect that we've noticed is that there seems to be pressure for MSTPs to go into more "traditional" fields of training for residency (at least at our school). We've been flat out told that if we don't go into Medicine, Pediatrics, or Pathology we're wasting our training. This is likely in response to the fact that over the last several years there has been a noticeable increase in our MSTP graduates going into "non-traditional" fields such as Psych, EM, Anaesth, Derm, and Ortho. My personal opinion is that this expansion of MSTP graduates into a variety of fields is healthy because it spreads out research-trained physicians instead of concentrating them in a few fields. Additionally, some of the "lifestyle" specialties have more research-friendly schedules. Whether the research funding available in these fields is another question...
It's not that there aren't any diseases to be had in these other specialties. Or at least scientific mechanisms that remain to be explored. (I have not noticed any issues with psychiatry or neurology, btw, they are very common choices nowadays, especially neurology). I think the concern is more that if you do IM, path, neuro, peds, etc. your potential academic salary as a researcher is not so very far off from the salary in private practice, with a few notable exceptions (cards, GI, etc.) If you're trying to figure out the cure for TB or type 2 diabetes, you don't have all that financial incentive to jump ship from your academic ID or endocrine position to some crazy well paid PP job. There are not a ton of lucrative procedures in these specialties, thus making it less likely that you will feel financial pressure within academia itself to do clinical work over research.
In contrast, radiology, anesthesia, EM, rad-onc, derm, etc. - while perfectly amenable to research, have that constant temptation of doing more ER shifts, reading more scans, doing private practice rad-onc, concierge cash-only derm, etc. to make a LOT more money than the academic researchers. Not only that, but because they can make a lot more money from clinical work than from research, the academics face a lot more pressure from their department seniors to do clinical work rather than fight for two R01s so they can match what their clinic-only peers are making seeing patients.