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I then look at the fact that the cost of college continues to increase and the wages of professors have also increased alongside. Many assistant professors with phds in biology at private and large state universities are starting with salaries close to 100K.
Since becoming a professor or a doctor is about a 6 - 10 year plan, and with the above in mind, would this influence your decision?
Also, I know many here are altruistic, I don't think this part of the discussion can be overlooked.
This is still a confusing discussion as one can be a professor in medicine. But, for university professor vs. private practice clinician: Assuming wages equalize, becoming a professor at a university is still pretty competitive, even at the smaller schools. Also, you have to go to where the job is available...geography might work against you. The MD has the benefit of being able to work almost anywhere, for most specialties. In any case...I guess the bottom line is you have to go with your gut and what makes you happy.