Which is better?
1. Making 65k as a resident and then making 80k the rest of your life
2. Making 30k as a resident and then making 160k the rest of your life.
You do the math. Keep in mind that Germany's tax rate is also MUCH higher than the United States.
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Which is better....hmmmm...
1. making 65k as a resident and having a life where you actually see your family, take vacations and enjoy living life while you learn and then making 100k+....(maybe you know of a doc earning 60k, but I think there was an optho here who posted something about only earning 70 or 80k in the US and we all chose to disregard that...so I'm throwing out the 60k...I've not heard of such a low physician salary in germany....sorry) with no student loans to pay back.
The tax rate for someone making that kind of a salary would be about....425% or so...hmmmm.....but...no student loans to rip off $2000 a month, no pesky consumer debt to get yourself through residency and help you pay for the thousands of dollars for board exams and state license fees as well as multiple moves.....
or
2. Making 30-40k as a resident in the US and working your a$$ off to take q3 call for years and trudge through in less time than your european counterparts because you owe 150k in student loans that just won't defer themselves forever....sleepless nights, lack of family time, financial struggles when it comes to financing moves, paying for your license fees, etc....
and then earning between 100-170k annually before taxes. Lets face it....most physicians are not earning well above 150k...unless you are a surgeon, radiologist or a specialist, you will be earning much less...think pediatrician, family practitioner, psychiatrist, internist, hospitalist, etc. You can go to all of the little statisitics sites that google will hand you, but the real 'proof' is what the market is paying physicians. Also, consider that many of the stats are after someone has been in practice for many years and is established as a partner..
BTW...MacGyver, lets dispel your Canada myth...thanks for the links...now here is some info for you:
http://www.cmps.ca/
Permanent Practice Opportunity #23011
Internal Medicine
Red Deer, Alberta, Canada
Canadian Medical Placement Service
Summary
Opportunity Calls in Central Alberta! High Income, High Tech Surroundings Quality of Life, Permanent or Locum We are the search consultants for the David Thompson Health Region and want to reach you about outstanding opportunities available for General Internists matching your qualifications. Subspecialties in Cardiology, Oncology, Rheumatology and Intensive Care are of particular interest. This established facility presents an opportunity to work with an excellent team of committed physicians in a well-equipped environment. The opportunity offers the following: ? Population draw of approximately 290,000 within a rapidly growing community ? Challenging case opportunities ? Fully equipped and well staffed hospital ? Established clinics in anti-coagulation, hepatitis C, renal, cardiac function ? Completion of a major hospital addition which includes additional beds, state of the art Emergency Ward, MRI, Spiral CT Scanner, Full Rehabilitation Program. ?
Income potential up to $600K with the lowest taxes in Canada ? No fee caps or restrictions ? Bonuses include moving expenses, interest free loan, additional bonus for Alberta graduates Live in this gem of a city! . Its rapid growth offers all the amenities for a satisfying professional and personal lifestyle. Its size offers the safety of a close-knit community. Schools, colleges, churches, cultural arts, recreational facilities, spousal employment opportunities all contribute to its attraction. An easy drive to the beach or the ski hill. Just over an hour?s drive to Calgary or Edmonton.
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Internal Medicine
Lindsay, Ontario, Canada
Canadian Medical Placement Service
Summary
Re: Exceptional Internal Medicine Opportunity with High Income; Attractive Call Schedule; Quality Lifestyle in Scenic Vacation District, Lindsay Ontario ? ?Gateway to the Kawarthas? As medical search consultants for the Ross Memorial Hospital, we invite you to respond to this excellent opportunity for an Internal Medicine Specialist matching your qualifications. Located east of Toronto (within 1 ? hour drive), you would join dedicated personable colleagues, serving a community of over 80,000 in this well equipped 156 bed full-service community hospital. (A major expansion to be completed in early 2004 will see the hospital grow to 218 beds.) This quality position offers the following: ? Fee for Service: $300,000 - $350,000 ? Attractive Call ? On Call Incentive Revenue (to $21,000) ? Fully accredited 218 Bed Hospital ? CT Service ? Expansion includes enhanced ER; 30 additional inpatient beds; 10 bed palliative care program; new 16 bed rehabilitation unit; new 15 bed mental health unit; ? Spousal employment opportunities ? Two school boards, public and private schools (French immersion programs) Lindsay Ontario, ?Gateway to the Kawarthas?, is a valued-historic tourist destination with year round recreational and cultural activities and events. With 13 golf courses in the immediate area, 2 downhill ski venues, 8 cross country trails, numerous 4-season recreational trails, 2 sailing clubs, 9 marinas, 9 public beaches, 2 provincial parks, a flourishing arts community with Summer Shakespeare fest, jazz and classics, Lindsay offers the opportunity for an active quality lifestyle. The appeal of affordable housing is a major attraction. Churches of all denominations are located throughout the area, and well established synagogues and mosques are nearby. This may be even better than you initially thought so we encourage your reply if you or indeed someone you know is interested in learning more about this exceptional opportunity. Please call toll free 1-800-991-6661 or fill in email form to respond. Your reply will be handled confidentially.
Date Required: , Negotiable
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Internal Medicine
Medicine Hat, Alberta, Canada
Canadian Medical Placement Service
Summary
As search consultants for the Palliser Health Authority, we would like to draw your attention to this existing opportunity for an Internist with special interest in Oncology or Geriatrics. Activities will be concentrated in the Medicine Hat Regional Hospital, a 190-bed regional referral centre, in a community of 55,000 and a referral area with a population of 105,000. An ability to handle ICU cases would be essential to allow for on call scheduling. ....
Financial Package & Incentives
Salary Range: $300,000 +
Bonuses: signing bonus
or
Internal Medicine
Northwestern, Ontario, Canada
Canadian Medical Placement Service
Summary
GOLDEN OPPORTUNITY IN INTERNAL MEDICINE! HIGHEST INCOME IN ONTARIO! MANY INCENTIVES! PERMANENT AND LOCUM POSITIONS AVAILABLE! We are the search consultants for a large modern well-equipped Regional Hospital located in a thriving lakeshore resort city in Northwestern Ontario. You would join your colleagues and have privileges at this modern Hospital site with affiliations and linkages to major teaching Centres in Ontario. The community is designated as under serviced. Earn great income and other incentives without restrictions while trying something new. Under serviced area program incentive grant of up to $40,000 plus tuition reimbursement available to qualified applicants! Income guarantees for locums! Accommodations provided and travel paid for locums! Brand new state of the art hospital under construction to open in 2002! fully trained support staff included. Full range of specialty services with large referral base. Excellent fully equipped modern facilities and offices. Candidates must be certified by the royal college (FRCPC) and meet the licensing requirements of the College of Physicians and Surgeons of Ontario and the credentialling and privileging requirements of the hospital. Involvement with research programs and affiliations with major teaching, academic and research centres in southwestern Ontario is available.
Salary Range: $500K plus
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