I am a longtime lurker of this message board and remember looking here frequently as a student applying to med school and then later after I chose to apply to rad onc residencies. I went to Ivy league schools and a highly regarding training program, and genuinely felt (and still do) that rad onc was a really cool and interesting field unique from others. I have been very lucky to be able to obtain highly coveted jobs.
However, as I recently changed jobs and entered a new contract with a hospital, I have become increasingly concerned about the job market and what will happen once my contract is up for renewal (despite being many years out of training now). I have watched my friends struggle to find jobs in second tier markets and seen them uproot their families to totally new locations just to find viable opportunities. I have had to do the same myself. I have actually even given consideration recently to retraining in another specialty, not because I'm unhappy with my current job (my current situation is ideal - I'm in a great city working 4 days a week earning >500k), but because I know that this situation in untenable and that I will be very limited for options once my contract renews. Students/residents may not be aware of this, but hospitals are keenly aware of job markets and salary medians and everyone is replaceable at the end of the day, even if you're a great "employee." Their goal is simply to save money, so if a cheaper option is available, they generally will take it if it will not impact patient volumes. The issue with rad onc is that we are downstream as far as referrals. We are dependent upon referrals often from other employed specialists in a hospital setting. We are not the ones generally attracting the patients to the system.
I just wanted to add my 2 cents because I know many of the same people frequently post on this site, but I wanted to sincerely share my experience for others who may be reading. I am positive about the field of rad onc, but I am certain that the job market will continue to constrict which makes real life things that one may not think of as a resident or med student very difficult.. for example, myself and my colleague do not feel comfortable buying homes currently because we know there is a large chance we may have to uproot our lives to find new employment again once our contracts expire (we work in a major metro area, yet the opportunities are few and far between particularly for those who no longer want new grad salaries). My friends are concerned about having to pull their children out of schools in order to move for new work. They worry about their spouses having to find new jobs in new cities.
I would love to be a rad onc in my current situation for the rest of my career however I know it is unrealistic. This had made me consider alternative careers within and outside of medicine. I just think it's important for young students to be aware. This problem is not shared by my friends in other specialties. Many of them have switched jobs and they've mainly worked for other groups within our metro area. They don't understand why we do not have the same luxury until I explain it to them.
Bottom line - yes I like rad onc and my current job but I simply do not think even many of the "good jobs" at least at hospitals are tenable in the long term currently which is difficult when you're "adulting."
However, as I recently changed jobs and entered a new contract with a hospital, I have become increasingly concerned about the job market and what will happen once my contract is up for renewal (despite being many years out of training now). I have watched my friends struggle to find jobs in second tier markets and seen them uproot their families to totally new locations just to find viable opportunities. I have had to do the same myself. I have actually even given consideration recently to retraining in another specialty, not because I'm unhappy with my current job (my current situation is ideal - I'm in a great city working 4 days a week earning >500k), but because I know that this situation in untenable and that I will be very limited for options once my contract renews. Students/residents may not be aware of this, but hospitals are keenly aware of job markets and salary medians and everyone is replaceable at the end of the day, even if you're a great "employee." Their goal is simply to save money, so if a cheaper option is available, they generally will take it if it will not impact patient volumes. The issue with rad onc is that we are downstream as far as referrals. We are dependent upon referrals often from other employed specialists in a hospital setting. We are not the ones generally attracting the patients to the system.
I just wanted to add my 2 cents because I know many of the same people frequently post on this site, but I wanted to sincerely share my experience for others who may be reading. I am positive about the field of rad onc, but I am certain that the job market will continue to constrict which makes real life things that one may not think of as a resident or med student very difficult.. for example, myself and my colleague do not feel comfortable buying homes currently because we know there is a large chance we may have to uproot our lives to find new employment again once our contracts expire (we work in a major metro area, yet the opportunities are few and far between particularly for those who no longer want new grad salaries). My friends are concerned about having to pull their children out of schools in order to move for new work. They worry about their spouses having to find new jobs in new cities.
I would love to be a rad onc in my current situation for the rest of my career however I know it is unrealistic. This had made me consider alternative careers within and outside of medicine. I just think it's important for young students to be aware. This problem is not shared by my friends in other specialties. Many of them have switched jobs and they've mainly worked for other groups within our metro area. They don't understand why we do not have the same luxury until I explain it to them.
Bottom line - yes I like rad onc and my current job but I simply do not think even many of the "good jobs" at least at hospitals are tenable in the long term currently which is difficult when you're "adulting."