MD vs MBA Earning Potential

[ChymeofPassion]

As the cost of a medical school education increases, as well as the fact that one is postponing making any money for 4 years during medical school, and not making "doctors money" during residency, is it worth it to pursue medicine for money anymore (not saying that this is right in the first place, but I'd be willing to bet the financial benefits drives many medical students)? This is in comparison to other professional paths, such as pursuing an MBA out of undergrad, making ~120k at the age of 24, and in a decades time, doubling or tripling that value, all with far less debt.

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[jd989898]

If earning potential is your motivation, it would be a really bad idea to pursue a salary of any kind. You'd be much more likely to achieve your goal as an entrepreneur/share holder of some sort. Summoning the will to make it through any sort of long term professional training you're otherwise uninterested in would be miserable.

 

[Lucca]

If you go to a target school, skip the MbA and jump in the recruiting pipeline for consulting or ibanking. If you don't, get some experience and then either pay for or get sponsored to complete an MBA at a target business school. Probably the most straightforward way to make beaucoup dollars if you are a competitive workaholic.

Medicine still makes people loads and loads of money comparatively and is a lot more straightforward once you make it through the tight, initial bottleneck.

Still not worth it for the money, but you won't be poor. You will most likely just be in debt a long time but it'll be debt you can pay while paying your bills.

 

[Flashfan]

An MBA right after undergrad is worthless. It si much better to wait until you have reached a certain degree of expertise and business experience. You can then use your experience to understand the material rather than relying on theory. The benefits are networking and application of material. Also, if you are working somewhere, they may pay for your MBA, at least in part.