I have a little less than a year left of IM residency. I want to have a translational research-based career, and despite past research experience and a first-author paper on original research, I feel a bit underprepared as far as labwork goes, and am a bit burned out by the clinical world nowadays anyway, so I was considering going for a Ph.D after finishing residency training. It is a big pay cut (about 50% less than the resident's salary i'm currently living on), but i'd be able to defer my loans with in-school deferment and I'd get student benefits. I dont have kids to support at the moment. And i'm thinking i might be able to moonlight occasionally for extra cash. Any thoughts on why doing this might not be such a great idea? (besides the money) Am I completely out of my mind? Anyone have experience doing so,or know anyone who did this? Any regrets?