Pediatrics Compensation with Rising CoL?

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[DarkBluMage]

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[deleted610572]

1) extremely high
2) dissatisfied but worth the trade off. You will not be rich as a pediatrician but you will be comfortable. I would quit medicine if I was told I had to be an adult doctor
3) a few subspecialties have geographical limitations due to saturation but the majority do not. Of course these correlate with the high compensation subspecialties. For the others, there will be multiple job opportunities especially in large cities. There are an insufficient number of these subspecialists because they don’t make more money (sometimes even less)
4) any primary care specialty will have lots of variety. I am in an organ specific subspecialty and I’ll argue I have tons of variety. Yes it’s the same organ, but it’s much deeper knowledge than gen peds so naturally a variety of difficult cases.


Make a pro/con chart for competing specialties. If they’re about equal then choose the other specialty. Pediatrics is great but you will leave a ton of money on the table so you need to be sure. Especially with climbing loan burden, inflation, and inequality of reimbursement from adult counterparts.

 

[SurfingDoctor]

The rising COL is a new problem of the past decade or so (relative to the cycles of recession/inflation/depression). To project this to the next 10 or even 20 years would be folly. I’m sure Trump will fix it… 😒

I know most people here are too young to remember the late 2000s, but that was an eye opener for many of the time. Ever heard of a truly broke physician underwater on a mortgage? That was the era. Not being able to buy in is actually a blessing by comparison.

 

[HemeOncHopeful19]

The rising COL is a new problem of the past decade or so (relative to the cycles of recession/inflation/depression). To project this to the next 10 or even 20 years would be folly. I’m sure Trump will fix it… 😒

I know most people here are too young to remember the late 2000s, but that was an eye opener for many of the time. Ever heard of a truly broke physician underwater on a mortgage? That was the era. Not being able to buy in is actually a blessing by comparison.

I don't really recall an era of many physicians defaulting on their mortgage. In fact I might wager that the median physician pay : median house price was much better back then than today.

 

[SurfingDoctor]

I don't really recall an era of many physicians defaulting on their mortgage. In fact I might wager that the median physician pay : median house price was much better back then than today.

No physician I’ve ever met lives in anything close to the median home price, unless we are taking the median home price of like the top neighborhoods for cost.

I mean, my house doesn’t meet the median home cost, but we also live in the most expensive zip code in the state.

So in that sense, it’s pretty relative.

 

[HemeOncHopeful19]

No physician I’ve ever met lives in anything close to the median home price.

This is true but I stand by my point, you can pick the %ile you like.

Physician pay : 80th % home price in 2007 was probably better than 2024.

 

[SurfingDoctor]

This is true but I stand by my point, you can pick the %ile you like.

Physician pay : 80th % home price in 2007 was probably better than 2024.

True. That’s also true for nearly every profession except ceos

 

[SurfingDoctor]

True. That’s also true for nearly every profession except ceos

Actually... I'm gonna cross post this (come to the SPF). You want to know why the COL is increasing... it's greed by the wealthy.

All those to love tax cuts... yeah, they don't care about pediatricians or children. Those who say otherwise are liars and they know it.