- Joined
- Apr 3, 2013
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Four years of our time gone, four years of potential salary gone, and four years of debt accumulated, this is the Pre-Med Life.
Allow me to elaborate:
- It takes around 1000 hours - a very conservative estimate - of our time volunteering, shadowing, and researching. This equates to roughly $15,000 that we could've made working at the movies, or more as a waiter/waitress.
- It takes around $10,000 for the fee of roughly 25 applications, secondaries, plane tickets, taxi fees, hotel fees, and renting/buying an appropriate outfit.
- The average college experience is at least $20,000 year accounting for dorms, tuition, books, meals, and miscellaneous fees.
- The amount of work done preparing for college assignments, exams, and the MCAT is equivalent to a medium-paying job.
In sum, a conservative estimate of the expense would be $105,000, and for most students this would be in debt with interest accruing. Then consider the four years you'll never get back of the 'true' college experience that less rigorous students undertook and the $150,000+ in salary that your high school graduates obtained by simply working at an office.
Now think about medical school, a more intensive version of the Pre-Med Life that has even higher costs.
- The average tuition is around $50,000/year .(I will not include living expense as most your old high school peers have moved out at this point.)
- The prep materials and books average out to well over $5,000
- The work done is equivalent to a high-paying job (manager positions).
This totals out to another $200,000 in the whole with interest accruing. Now consider that most your high school peers at this point are living a very comfortable life now, easing into their permanent jobs, starting a family, and buying a house. Finally, consider these four years that you also missed out on salary.
Both processes sum up to a nice $305,000 in debt, eight years of your life - in the prime of your life in terms of looks and physical prowess, and eight years of salary in a market where the dollar has a reputation of notoriously losing its value by the time the pre-med starts work.
All this, just to gain a residency position to go through hell with midnight call ins, 100 hour work weeks, and a compensation of circa $75,000 to barely make your egregious loan payments. If you're lucky, you won't fall into the pit of doom as a Family Practitioner or Pediatrist, and you will end up making ~$300,000 in a specialty, only to lose most of it to the progressive income tax policies.
Allow me to elaborate:
- It takes around 1000 hours - a very conservative estimate - of our time volunteering, shadowing, and researching. This equates to roughly $15,000 that we could've made working at the movies, or more as a waiter/waitress.
- It takes around $10,000 for the fee of roughly 25 applications, secondaries, plane tickets, taxi fees, hotel fees, and renting/buying an appropriate outfit.
- The average college experience is at least $20,000 year accounting for dorms, tuition, books, meals, and miscellaneous fees.
- The amount of work done preparing for college assignments, exams, and the MCAT is equivalent to a medium-paying job.
In sum, a conservative estimate of the expense would be $105,000, and for most students this would be in debt with interest accruing. Then consider the four years you'll never get back of the 'true' college experience that less rigorous students undertook and the $150,000+ in salary that your high school graduates obtained by simply working at an office.
Now think about medical school, a more intensive version of the Pre-Med Life that has even higher costs.
- The average tuition is around $50,000/year .(I will not include living expense as most your old high school peers have moved out at this point.)
- The prep materials and books average out to well over $5,000
- The work done is equivalent to a high-paying job (manager positions).
This totals out to another $200,000 in the whole with interest accruing. Now consider that most your high school peers at this point are living a very comfortable life now, easing into their permanent jobs, starting a family, and buying a house. Finally, consider these four years that you also missed out on salary.
Both processes sum up to a nice $305,000 in debt, eight years of your life - in the prime of your life in terms of looks and physical prowess, and eight years of salary in a market where the dollar has a reputation of notoriously losing its value by the time the pre-med starts work.
All this, just to gain a residency position to go through hell with midnight call ins, 100 hour work weeks, and a compensation of circa $75,000 to barely make your egregious loan payments. If you're lucky, you won't fall into the pit of doom as a Family Practitioner or Pediatrist, and you will end up making ~$300,000 in a specialty, only to lose most of it to the progressive income tax policies.