Well. Here are some counterpoints:
1. You start medical school at age 18
2. You start earning a resident salary at age 23
3. Residents overall in the UK earn more than Residents in the U.S. Using an exchange rate of 1.7 (pre brexit average), the PGY4 equivalent salary is around 65 to 70k. And resident salaries are exactly the same throughout the country.
4. You work 48 hours a week max. This includes neurosurgery residents. Therefore, you have more time to moonlight (average pay is 70 bucks/hour for moonlighting).
5. Much less litigation
6. Medical school until 5 years ago was 3000 pounds (5K USD) a year. So that's 25K for M.D from Oxford or Cambridge potentially (#2 and #3 in the world). However it is now 9 000 pounds a year. But still cheap compared to U.S. and medical school tuition are all the same across all 33 medical schools.
So it's not all bad in the UK. I'm not saying it's better, there are obviously a lot of cons (Lower pay for attendings, longer training, much higher taxes).
But when you have 4 kids, free healthcare and dirt cheap education doesn't look too shabby.
And residencies are even longer in Britain.
I didn’t get into medicine just for the money but after a dozen or more years of schooling you should make more than someone who just got a bachelors/masters degree.
I don’t think I would have become a physician in Britain.
Do you know if their medical school training is realatively inexpensive? Should be seeing as they makes as much as a pharmacist in the US.
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