The problem I have with this question is that I want to know exactly what is meant by "respect." Respect to a premedical student seems to be defined as:
- Having people envy you.
- Having people wish they were you.
- Having people "Oooo" and "Ahhh" at you.
- Having people never question your decisions or ideas.
Have you ever noticed this? If this is respect, I don't want any part of it.
As for money... are you nuts?! Same work = same pay. There is no such thing as separate payment scales for MDs and DOs. In fact, DO family docs that incorporate OMM into their practice can pull in up to 50% more income, than their MD counterparts. I worked with a doc that made an extra $500 per day just by treating people with OMM.
By the way, as a DO you won't find many people that "think less of you" compared MDs. From my experience, 99% of the patients I encounter don't know what a DO is... or what an MD is, for that matter. They only know what a "physician" is. So if I introduce myself as, "Hi, I'm an osteopathic physician" then my patients will say... "Huh?!" Likewise, if an MD introduces him/herself as "Hi, I'm an allopathic physician" then their patients will also go... "Huh?!" The public is largely ignorant of medical education in general and will frankly be confused if you try to explain what a DO is. So when asked about what a DO is, I say "One of the two degrees given out by medical schools. Of the 140 schools in the U.S., only 20 give out the DO degree." I don't go into manipulation or wholism unless asked specifically.
So basically, you will encounter much more ignorance (which is easily corrected) than prejudice (which is not so easily corrected). And you may even see that there is a trend among people who are prejudice... they tend live in trailers and make comments like, "Welp, my pappy done told me once that them thar DOs ain't real doctors *SPIT*" These are the kind of patients I would be more than happy to invite to leave my office. It ends up saving me money in the end because they are often uninsured and I inevitably have to expend an entire can of Lysol in order to remove their "scent" from the exam rooms.
In sum... there are a number of reasons to go into medicine... and if respect and money are your driving force, you will probably end up droping out of medical school. No amount of money or respect is worth the abuse and frustration of medical education.