Not that money is even a consideration...but..

[bulletproof]

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Take a look at the following. Suddenly all this studying doesn't seem so bad. 😀

http://msn.careerbuilder.com/custom...a1ffb30d0844b88a4672da59f75da0-199986474-XC-2

 

[me454555]

Where do those numbers come from? They seem a little low. I dont know any surgeon making less than 200k/year

 

[burntcrispy]

These are just averages with alot of deviation above and below. For instance, physician can include residents. And for attorneys there is major variation. Here in Texas we have one on TV all hours of the day, "The Texas Hammer", whose got to be bringing in more than some small countries 🙂

 

[UTSouthwestern]

These are just averages with alot of deviation above and below. For instance, physician can include residents. And for attorneys there is major variation. Here in Texas we have one on TV all hours of the day, "The Texas Hammer", whose got to be bringing in more than some small countries 🙂

Jim Adler is actually a really nice guy. Despite the somewhat corny commercials, he seems to be a genuine good guy per my friends in the legal profession.

 

[cloud9]

Jim Adler is actually a really nice guy. Despite the somewhat corny commercials, he seems to be a genuine good guy per my friends in the legal profession.

Don't know him, but his son (soon to be MD) is a super-cool-down-to-earth guy so I would expect his parents to be cool as well.

 

[cfdavid]

Jim Adler is actually a really nice guy. Despite the somewhat corny commercials, he seems to be a genuine good guy per my friends in the legal profession.

Not talking to this guy per se, but some of those "nice guys" turn into pit bulls in a deposition.....

 

[mdub]

Where do those numbers come from? They seem a little low. I dont know any surgeon making less than 200k/year

Sites like that tend to only have information for salaried employees. And they generally exclude those who own or partially own a business. That's why they're almost always way off for dentists and some lawyers.

 

[UTSouthwestern]

Don't know him, but his son (soon to be MD) is a super-cool-down-to-earth guy so I would expect his parents to be cool as well.

Jim came to a social function in Dallas and was totally unobtrusive and humble. Also made a big donation anonymously (I know the treasurer so I know it was him). On the other hand, some dipwad of a rookie lawyer came in a leased Hummer with the license plates BadAss, spouting about how much he had made off custody suits.

 

[Sammich81]

Jim came to a social function in Dallas and was totally unobtrusive and humble. Also made a big donation anonymously (I know the treasurer so I know it was him). On the other hand, some dipwad of a rookie lawyer came in a leased Hummer with the license plates BadAss, spouting about how much he had made off custody suits.

Well damn, he has to make up for his lack of endowment somehow!

Most of the other more medically related sites I looked at quoted about 225-250k as the average anesthesiology salary, albeit before taxes. Those sites didn't specify whether or not this took account of being a partner or not. Sound about right?

 

[cloud9]

Jim came to a social function in Dallas and was totally unobtrusive and humble. Also made a big donation anonymously (I know the treasurer so I know it was him).

That sounds like something his son would do. Obviously takes after his father. Jim is called the "Texas Hammer", thus many of us called his son the "Texas scalpel".

On the other hand, some dipwad of a rookie lawyer came in a leased Hummer with the license plates BadAss, spouting about how much he had made off custody suits.

It takes a real man to use a child as the bone in a dog-fight between a mother and father. A real man indeed. These are types of attorneys that give the profession a bad rep.

 

[UTSouthwestern]

Well damn, he has to make up for his lack of endowment somehow!

Most of the other more medically related sites I looked at quoted about 225-250k as the average anesthesiology salary, albeit before taxes. Those sites didn't specify whether or not this took account of being a partner or not. Sound about right?

I'd say it's accurate if they are talking a nationwide average including partnership track salaries.

 

[jetproppilot]

I'd say it's accurate if they are talking a nationwide average including partnership track salaries.

Uhhhhhhh.....

Sorry UT.

You're holding back on this one, and I'm gonna hold true and call b u llsh i t on this statistic.

Please search my posts on money if you are really interested, but in a nutshell, anesthesiologist money is very regional, meaning if you don't care where you end up,

a 300K starting salary is very easy to obtain by a graduating resident.

With partnerships in the right practice leading to twice that.

Its a hard call for some, and easy for others.

Are you interested in location or money?

Again, I'm providing info free of subjective intent.

I don't know which decision is right. .....i.e. take a superior location for less money or take an inferior location for more.

Yes, there are exceptions (superior location with superior money) but the former is the anesthesia norm.

Heres my opinion. But my opinion only applies to money-starved CA-3s who have alotta student loan debt (which was me)....

You are coming outta residency at the ripe age of 29-35 years of age, more than likely.

You have a whole lifetime ahead of you, yet if you are like most people in your position, you've got alotta C-notes to pay back.

And my opinion concerning which job you take supports my opinion that debt is an anchor, and the faster you get rid of it, the better off you are.

SO,

in Jet's opinion,

since you are young in your career,

maximize your return. You've been sacrificing for a decade or more. Its time to make maximum JACK.

Statistics show anesthesiologists change jobs at least once within seven years.

So optimize those years in your favor and select a location/group thats gonna put big dollars in your pocket so you can pay off your debt.

Yeah, the "in" people like "in" locations.

But most people, regardless of where they live, go to work during the day then come home to their family, spend time with their wife/bathe the three year old/call their buddies/surf the internet.

Then use their vacation time to travel.

Think about this mindset if you've got alotta debt.

Move to bum******* USA for five years and enjoy the half-mil partner salary. And move the extra money to your mistress, Sallie Mae.

You'll be much better off five years from now if you have no debt.

THEN move to where you wanna live.

With no debt, the money you make at your new (desired) location is secondary.


You endured YEARS AND YEARS of living on nothing to get where you are at.

So you can "endure" living where you don't want to for five years or so in order to set the rest of your life in a debt-free direction.

 

[Noyac]

Uhhhhhhh.....

Sorry UT.

You're holding back on this one, and I'm gonna hold true and call b u llsh i t on this statistic.

Please search my posts on money if you are really interested, but in a nutshell, anesthesiologist money is very regional, meaning if you don't care where you end up,

a 300K starting salary is very easy to obtain by a graduating resident.

With partnerships in the right practice leading to twice that.

Its a hard call for some, and easy for others.

Are you interested in location or money?

Again, I'm providing info free of subjective intent.

I don't know which decision is right. .....i.e. take a superior location for less money or take an inferior location for more.

Yes, there are exceptions (superior location with superior money) but the former is the anesthesia norm.

Heres my opinion. But my opinion only applies to money-starved CA-3s who have alotta student loan debt (which was me)....

You are coming outta residency at the ripe age of 29-35 years of age, more than likely.

You have a whole lifetime ahead of you, yet if you are like most people in your position, you've got alotta C-notes to pay back.

And my opinion concerning which job you take supports my opinion that debt is an anchor, and the faster you get rid of it, the better off you are.

SO,

in Jet's opinion,

since you are young in your career,

maximize your return. You've been sacrificing for a decade or more. Its time to make maximum JACK.

Statistics show anesthesiologists change jobs at least once within seven years.

So optimize those years in your favor and select a location/group thats gonna put big dollars in your pocket so you can pay off your debt.

Yeah, the "in" people like "in" locations.

But most people, regardless of where they live, go to work during the day then come home to their family, spend time with their wife/bathe the three year old/call their buddies/surf the internet.

Then use their vacation time to travel.

Think about this mindset if you've got alotta debt.

Move to bum******* USA for five years and enjoy the half-mil partner salary. And move the extra money to your mistress, Sallie Mae.

You'll be much better off five years from now if you have no debt.

THEN move to where you wanna live.

With no debt, the money you make at your new (desired) location is secondary.
You endured YEARS AND YEARS of living on nothing to get where you are at.

So you can "endure" living where you don't want to for five years or so in order to set the rest of your life in a debt-free direction.

Gitty Up! 👍

 

[UTSouthwestern]

Uhhhhhhh.....

Sorry UT.

You're holding back on this one, and I'm gonna hold true and call b u llsh i t on this statistic.

Please search my posts on money if you are really interested, but in a nutshell, anesthesiologist money is very regional, meaning if you don't care where you end up,

a 300K starting salary is very easy to obtain by a graduating resident.

With partnerships in the right practice leading to twice that.

I'm not saying that there aren't good jobs out there with great pay in both desirable and undesirable locations, I'm saying that if you average ALL types of job reimbursements across the nation (locums, people in partnership tracks, high paying jobs, low paying jobs, academic reimbursement especially), then the average is probably around 250K. Just looking at academic starting salaries in the $120-160 range in the programs in Texas would drag the average down. That doesn't mean the good jobs aren't out there as you, me, and Noy well know. The market is still kicking out there and we're still seeing the benefit of that, but if you were to take EVERY pay situation out there and average it out, 250K might be close, probably on the lower side.

 

[Sammich81]

So do most of you advocate dumping the debt ASAP post residency/fellowship? For my boyfriend he got to consolidate his loans at some ungodly low rate like 2%, so if we pay off that slowly and invest more, I think it works out that we would get more in investment/savings than we would by paying off the loan early. My rates will probably be a little higher since I'm graduating later, so I figure we'll hit mine earlier. But in general, the gov't rates aren't half bad.

 

[timtye78]

This question comes up again and again-maybe it belongs in another forum.

My feeling is -if you have the cash, pay that s* off. I find it more depressing than reading my credit card statement reading my student loan statements. Obviously it was and is one the best investments I have ever made, but I must quote a very old text:
The borrower is a slave to the lender.
(may I pleassssssse have another deferment, sir?)

My objectives in life include(besides the basics health/good relationships etc)

1)complete my residency satisfactorily
2)get the hell out of debt
3)bank some serious cash
4)travel

My financial plan is simple:
More in, than out.
Unless you pay off debt, you are continually adding debt (interest at least)-and it is a sure thing. Investments, are not always or usually a sure thing.

 

[UTSouthwestern]

If you can get an ungodly low rate and you have business/investment plans, by all means keep the debt and use your income to start building your empire. If you aren't so sure about your future financial plans and aren't going to be investing in a home, pay the debt off.

 

[aredoubleyou]

So do most of you advocate dumping the debt ASAP post residency/fellowship?
.

To state the obvious (just in case it isn't) - you have to pay your minimum loan payment every month during payback. If you want to pay it off quicker you have to pay some amount above that minimum payment. If you were to take that money that you would be using to pay off the loan quicker and instead invest, in just about anything, you'll get better than a 2% return, which will mean you make more money in the long run. However, if you don't have the discipline to use that money in investments and spend it instead, you would have been better off paying off your 2% loan quicker.

However, if having the debt over your head takes all the enjoyment out of life, then just pay the damn thing off, otherwise it makes better financial sense to invest it.