Reality of failed predents, premeds, etc.?

[mitrieD]

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I was just curious, do any of you pre dents know of any failed predents, meds, pharmacists, etc. that were not able to get into grad school?

I mean, what happens if you know its over after applying for like three cycles? How do you get a job with your degree? If you're a bio major, do you just go into researching for like 50 k a year? More schooling? Thats tough

 

[7 Iron]

If you're a bio major, do you just go into researching for like 50 k a year? More schooling? Thats tough

You can work as a lab tech... except the pay isn't 50k, it's more like 25k a year. Or you can get a Ph.D. and get pipette hand disease 😱

 

[dentalWorks]

I was just curious, do any of you pre dents know of any failed predents, meds, pharmacists, etc. that were not able to get into grad school?

I mean, what happens if you know its over after applying for like three cycles? How do you get a job with your degree? If you're a bio major, do you just go into researching for like 50 k a year? More schooling? Thats tough

I knew a few girls from my post-bacc days whom wanted to get into medical school. None of them ever scored higher than 20 or 21 on the MCATs. So they gave up on the medical thing after 2 cycles of applying and one of them applied to podiatry school (and got in) and the other... is trying to get into PA school.

Alot of times, when pre-heath students don't get into their favorite option, they sometimes switch to a less competitive heath care option.

Other things I've seen people do is.... well they never give up lol. I've seen a few folks even around here on SDN where this is their 4th cycle in a row applying.

A less common thing is someone who... gave up on healthcare all together. I don't see many of these because the two options I just mentioned are more feasible.

 

[cybermech]

I was just curious, do any of you pre dents know of any failed predents, meds, pharmacists, etc. that were not able to get into grad school?

I mean, what happens if you know its over after applying for like three cycles? How do you get a job with your degree? If you're a bio major, do you just go into researching for like 50 k a year? More schooling? Thats tough

In most instances, people usually either get into their desired program, or step down to a less competitive one. Or in some cases, may go overseas for their education.

Healthcare is a self-selecting process. If you failed Organic chem, chances are you'll just switch and go in business or something to avoid future pain. However, there are those who want it badly enough and will keep on trying.

Having see a lot of people wanting to do premed etc, lots have gone into research and are doing PhDs. Some could have gotten into professional school, but have chosen other tracks like pharmaceutical companies and Kaplan tutoring. Though, the commonality is that the people who end up going into research never really wanted to deal with patient-care in the first place. They found the lab/research/academia environment to be more friendly to them and thus steered that way.

 

[yappy]

I've stayed in touch with a school to model my bio degree to enter a biomedical engineering MS program if dentistry doesnt work out... but I REALLY want it too. Esp after seeing all the engineers trying to get into dentistry😱

Also professional sales/business minor - for pharma sales in case the MS doesnt work out... I have this habit of hedging bets.

I've never witnessed anyone actully give up after applying. I have seen alot give up during a tough UG prereq though. Alot of them went from premed to teaching.

 

[beatsdre]

Common stereotypes from many pre-anythings:

Can't get into M.D. : try for DO/DDS

Can't get into M.D.,D.O.,DDS: try for Pharm D.

Can't get into M.D.,D.O.,DDS,Pharm D.: look into Podiatry/PA/Nursing or take a whole different route and try for a lower tier Law School

Can't get into any of those: Become a Technician?

P.S.: this post isn't taking a shot at any of the above professions, but just a depiction of stereotypes. Don't start flaming me!

 

[peanutb123]

I was just curious, do any of you pre dents know of any failed predents, meds, pharmacists, etc. that were not able to get into grad school?

I mean, what happens if you know its over after applying for like three cycles? How do you get a job with your degree? If you're a bio major, do you just go into researching for like 50 k a year? More schooling? Thats tough

This might come as very offensive to some but with bio degree its hard to make money. Unless you get a phd is from a good univ.

From what i saw from many of my friends. They really want to go to med or d-school but they do not put enough energy into studying etc... So upon graduation seeing no way out they find a job in a research labs. then they realize that they are not making any money or getting anywhere. Upon that realization they look to apply to other masters programs such as MBA, Masters in Comp sci, info tech, accounting etc... Which actually make money.

4 people i know went to carb. They are doing fine i guess. So going to either carb or poland is what couple of them do.

 

[cybermech]

Common stereotypes from many pre-anythings:

Can't get into M.D. : try for DO/DDS

Can't get into M.D.,D.O.,DDS: try for Pharm D.

Can't get into M.D.,D.O.,DDS,Pharm D.: look into Podiatry/PA/Nursing or take a whole different route and try for a lower tier Law School

Can't get into any of those: Become a Technician?

P.S.: this post isn't taking a shot at any of the above professions, but just a depiction of stereotypes. Don't start flaming me!

It's actually quite true. But in a way, with the exception of DDS and MD, the average salary is a compelling factor (DDS is less affected by insurance).

For me, I was equally inclined towards med and dentistry. I chose dentistry because I knew that my knowledge of business would make it more profitable for me.

 

[yappy]

'

 

[jmt1984]

This might come as very offensive to some but with bio degree its hard to make money. Unless you get a phd is from a good univ.

From what i saw from many of my friends. They really want to go to med or d-school but they do not put enough energy into studying etc... So upon graduation seeing no way out they find a job in a research labs. then they realize that they are not making any money or getting anywhere. Upon that realization they look to apply to other masters programs such as MBA, Masters in Comp sci, info tech, accounting etc... Which actually make money.

This is pretty accurate, I'm am currently working in academic research and waiting for news (third time applicant). There is more money on the industry side of research (good luck getting a job right out of undergrad without any experience). Best option might be if you are in research is to do as mentioned above, get an MBA to supplement your science background.

The problem I think that most people have is that they don't ever 'plan' or think about the possibility of not getting in, (you must remain positive at all times!!!!) Then they are stuck dealing with the reality that a lot of people face. Working in an academic lab is not a bad life, after a couple years you can be making 40 to 50 thousand a year, thats not too bad for most parts of the country (especially if there is the possibility of a second income).

Also, regarding the PhD route: for some older applicants (like myself) a PhD doesn't necessarily make sense (5 yrs @ $25K while grad student) + (3 or 4 yrs @30-42K) as postdoc, then maybe get a grant? No thanks, I'll just keep working up the ladder with my humble master's degree...lol!

 

[dentalWorks]

Do PODS do pretty well? I feel like this field will get very competitive in the future. I've heard some numbers thrown around but it almost seems to good to be true... 130k+?

From what someone told me, its a nice business. The national average salary is about 90k per year, and many of them own thier own business. Im pretty sure many of them make WAYYYYY more than 90k per year.

 

[yappy]

Is there any reason why people need to attain an MBA prior to entering the business world? It seems that a BS degree would suffice in landing an entry level business job in order to work your way up. From what I understand the general business degree isn't manditory for many account exec., sales, or with experience: management positions.

I guess I dont see why one would stay in a low paying science job if they have attained a four year degree and were not happy with the pay.

This is pretty accurate, I'm am currently working in academic research and waiting for news (third time applicant). There is more money on the industry side of research (good luck getting a job right out of undergrad without any experience). Best option might be if you are in research is to do as mentioned above, get an MBA to supplement your science background.

The problem I think that most people have is that they don't ever 'plan' or think about the possibility of not getting in, (you must remain positive at all times!!!!) Then they are stuck dealing with the reality that a lot of people face. Working in an academic lab is not a bad life, after a couple years you can be making 40 to 50 thousand a year, thats not too bad for most parts of the country (especially if there is the possibility of a second income).

Also, regarding the PhD route: for some older applicants (like myself) a PhD doesn't necessarily make sense (5 yrs @ $25K while grad student) + (3 or 4 yrs @30-42K) as postdoc, then maybe get a grant? No thanks, I'll just keep working up the ladder with my humble master's degree...lol!

 

[jmt1984]

Is there any reason why people need to attain an MBA prior to entering the business world? It seems that a BS degree would suffice in landing an entry level business job in order to work your way up. From what I understand the general business degree isn't manditory for many account exec., sales, or with experience: management positions.

I guess I dont see why one would stay in a low paying science job if they have attained a four year degree and were not happy with the pay.

For some companies, supplementing a science background with an MBA is a quicker way to get into project management, but no I suppose that an MBA would not be required. Usually breaking into the industry side of things is complicated because of needing GLP or GMP certifications that you get working in industry (for example) but you can get a job without them. Sometimes, working for a couple (say 5 years) in an academic setting (which is typically more secure) than industry can give you the opportunity to take classes either for free or at a very low rate, which is a great thing.

MBA would definately not help you get a scientific sales job (like you said), but again sometimes landing them without and sales or specific science sales experience is tough, and most technical/instrumentation jobs either require several years of experience or a graduate degree.

This might offend some, but I'm going to say it anyway. I think most people just can wrap thier mind around working any job for 50k a year after thinking all along they would be making the 'big bucks' as a dentist.

 

[MrKlown]

This is pretty accurate, I'm am currently working in academic research and waiting for news (third time applicant). There is more money on the industry side of research (good luck getting a job right out of undergrad without any experience). Best option might be if you are in research is to do as mentioned above, get an MBA to supplement your science background.

The problem I think that most people have is that they don't ever 'plan' or think about the possibility of not getting in, (you must remain positive at all times!!!!) Then they are stuck dealing with the reality that a lot of people face. Working in an academic lab is not a bad life, after a couple years you can be making 40 to 50 thousand a year, thats not too bad for most parts of the country (especially if there is the possibility of a second income).

Also, regarding the PhD route: for some older applicants (like myself) a PhD doesn't necessarily make sense (5 yrs @ $25K while grad student) + (3 or 4 yrs @30-42K) as postdoc, then maybe get a grant? No thanks, I'll just keep working up the ladder with my humble master's degree...lol!

Yea working in an academic lab is an ok gig. Some PI expect more than others so it really depends what type of PI you work for and if you truly enjoy the field you are working in. If health care is your true passion are you really going to enjoy working in a tissue culture lab for 30 years??

As a warning don't expect to be making 50K anytime soon. I would say upper 20s to low 30s is pretty average for someone right out of school, but if you are funded by a grant or work at a state institution don't expect much of a raise over the years. I am in my second year as a tech (I am applying for the second time this cycle) and there are people that I work with that have been here 15 years and don't make over 40K.

 

[quillow]

You can work as a lab tech... except the pay isn't 50k, it's more like 25k a year. Or you can get a Ph.D. and get pipette hand disease 😱

Yeah, lab tech jobs don't pay much. And at least from my experience, some jobs are going away because new automated machines do most of the work. I know some people who went back to school for nursing or medical laboratory science (basically a lab tech who can work in hospitals). Medical technologists actually make pretty good money. I think they start off around $25/hr. I briefly considered it but realized I'd be too bored doing that. If I failed at getting into dental school a few times though, I would've reconsidered. Thankfully I don't have to do that!

 

[7 Iron]

Is there any reason why people need to attain an MBA prior to entering the business world? It seems that a BS degree would suffice in landing an entry level business job in order to work your way up.

I think this would depend on the industry and company. However, most large corporations are structured in a way that there are thousands of entry-level employees and far, far fewer management positions. With a bachelor's degree only, you'll probably be stuck as a "supervisor" for many years. Not having the MBA is a great reason for upper management to hold you back. You can't really "work your way up" in the same way you used to be able to.

If you want to become a VP or higher, an MBA really is a must. In fact, so many people in business have MBAs now, that you are at a big disadvantage by not having one. And, if you want to get to executive level management, you better have an MBA from a name-brand school like Harvard, otherwise forget about it.

 

[jmt1984]

Yea working in an academic lab is an ok gig. Some PI expect more than others so it really depends what type of PI you work for and if you truly enjoy the field you are working in. If health care is your true passion are you really going to enjoy working in a tissue culture lab for 30 years??

As a warning don't expect to be making 50K anytime soon. I would say upper 20s to low 30s is pretty average for someone right out of school, but if you are funded by a grant or work at a state institution don't expect much of a raise over the years. I am in my second year as a tech (I am applying for the second time this cycle) and there are people that I work with that have been here 15 years and don't make over 40K.

Very true on both the PI attitude and the university. Even at my university (even within my department) there are very different attitudes towards lab staff and some PIs are known to go to great lengths to pay as little as possible. I've been very fortunate to be in a lab that is very empowering with a great funding track-record.

Totally agree with you on the long term though, I have a pretty good deal now, but I don't see myself where I am now in 2 or 3 years let alone 25+

 

[peanutb123]

Is there any reason why people need to attain an MBA prior to entering the business world? It seems that a BS degree would suffice in landing an entry level business job in order to work your way up. From what I understand the general business degree isn't manditory for many account exec., sales, or with experience: management positions.

I guess I dont see why one would stay in a low paying science job if they have attained a four year degree and were not happy with the pay.

No you are not going to climb nothing with a BS degree. Its no the old times anymore. They can get a guy with MBA and couple years of experience to go above you. B/c of education level.

Well Not prior. So for MBA if you want to make good living like 100+ one needs to get real life experience for 2-5 years. Then apply to prestigious business schools such as nyu stern, columbia, etc... Then once they get out they are most likely to be placed into executive positions. With just BS you will get stuck somewhere and it will be a dead end. In most cases it would be impossible to have the same income potential as a person with MBA.

In "BIGGER" companies for ex. ceo, vp, etc... all have at-least 2 degrees MBA & JD and other degrees... So the higher the education along with work experience will get you far in business world.

 

[MechZZ]

Took me 4 years after the first time I applied to get into Dental school.

Everybody has their own path, it all depends on whether you have to drive to achieve your goal.

 

[UltimateHombre]

Common stereotypes from many pre-anythings:

Can't get into M.D. : try for DO/DDS

Can't get into M.D.,D.O.,DDS: try for Pharm D.

Can't get into M.D.,D.O.,DDS,Pharm D.: look into Podiatry/PA/Nursing or take a whole different route and try for a lower tier Law School

Can't get into any of those: Become a Technician?

P.S.: this post isn't taking a shot at any of the above professions, but just a depiction of stereotypes. Don't start flaming me!

You might add optometry, physical therapy, and chiropractics to the list with PA and Pods.

 

[BruinDentist]

This is a depressing thread... god I hope I get into dental school .

 

[mitrieD]

Yea its pretty negative, but its also reality. More time that goes by, the more competitive it gets.

 

[civy87]

This year is my third year applying to dental school. Last year I worked in a lab hoping it would push my app over the edge to land an acceptance but that didn't seem to work. However I have been able to use my bio background to land a medical sales job. Just an FYI that it is possible to get a good paying job without having a masters or PHD or MBA. While dentistry is still my ultimate goal it's not the only path a bio major has to a comfortable income so keep plugging away my fellow scientists.

 

[Dent001]

i really hope i get into a school. because i HATE working in labs. i did for over a year in college and it was miserable. Currently I'm working as a tutor at a local college and it brings in about 2k a month, enough to cover my base needs. not bad for a recent grad

 

[youknowthedrill]

I met someone in this situation last week. He applied to med school and didn't get in many years ago. Said it was for the best, because he couldn't afford school anyway. He's now in his 40's and selling cell phones. He didn't seem very happy with his decision, so his situation just motivated me to keep trying if I don't get in when I apply.

 

[Zetch]

I guess this is why I never liked the thought of graduating with a Biology degree. I'm already broke and low income background as an undergrad. I can't graduate and feel miserable for not getting into a professional school.

But guys and gals, there's Optometry and Podiatry. Never rule those out. I'd say POD looks good too. Pharmacy is also an option but I'd say ask Pharmacists about the future of the profession, there's complaints of over saturation in Pharm forums.

 

[Saddleshoes]

I was just curious, do any of you pre dents know of any failed predents, meds, pharmacists, etc. that were not able to get into grad school?

I wonder why no one considered teaching as an option. I know in my area good high school bio. and chem. teachers are very hard to find.

 

[BearTeeth]

Why isn't anyone considering a Masters in Public Health? I almost did that before applying to professional school; it will make you that much better a clinician and I think most types of health care require public health classes during their programs.

 

[jmt1984]

Took me 4 years after the first time I applied to get into Dental school.

Everybody has their own path, it all depends on whether you have to drive to achieve your goal.

So this is year 6 for me (since first application) but I don't know that if I decide to do something else it's because I don't have the 'drive to achieve my goal', more like 'life happens and you can't remain a starry-eyed applicant forever'

Not trying to pick a fight here, but for some people it is easier to re-apply cycle after cycle, and for some, realistically evaluating your options and coming to terms with being an average middle class citizen is what needs to happen.

To someone who posted above: yes it can be depressing to see that you might have to shift gears and do something else in your life, even if that 'something' isn't what you might love, but hey that's the way it goes. (probably due to that obnoxious thing our society has with telling everyone that they are special and can 'do whatever you want!!') *reminds me of Blades of Glory 'if you can dream it, you can do it!'* Kind of a crock if you ask me... lol

 

[yappy]

Do you think you'll reapply if you dont get in this cycle? I wonder why you settled for a 19 on the DAT. It also indicates you never did a masters program. why did you apply to so few schools? I guess little invested, little lost. Easy come, easy go.

So this is year 6 for me (since first application) but I don't know that if I decide to do something else it's because I don't have the 'drive to achieve my goal', more like 'life happens and you can't remain a starry-eyed applicant forever'

Not trying to pick a fight here, but for some people it is easier to re-apply cycle after cycle, and for some, realistically evaluating your options and coming to terms with being an average middle class citizen is what needs to happen.

To someone who posted above: yes it can be depressing to see that you might have to shift gears and do something else in your life, even if that 'something' isn't what you might love, but hey that's the way it goes. (probably due to that obnoxious thing our society has with telling everyone that they are special and can 'do whatever you want!!') *reminds me of Blades of Glory 'if you can dream it, you can do it!'* Kind of a crock if you ask me... lol

 

[jmt1984]

Do you think you'll reapply if you dont get in this cycle? I wonder why you settled for a 19 on the DAT. It also indicates you never did a masters program. why did you apply to so few schools? I guess little invested, little lost. Easy come, easy go.

I don't know if I'll reapply yet, I need to see where everything stands, get some feedback, etc. I applied to just NC schools because I'm fairly tied to the area, own a home, married, etc. I'm assuming you are refering to my predents profile, which is not the most accurate, I'll admit. I have completed a master's (I just indicated it as post-bac GPA).

Anyways, it's fairly useless to argue/debate the merits of reapplying now, the whole goal of my posting in this thread was to inject a dose of realism into the whole idea of 'being unsucessful', and it just comes down to making the most of what works for you. I didn't intend to get under anyones skin. Good luck yappy, I wish you the best👍

 

[aelian]

Guys, don't be scared. Keep on trying, and trying. Well, stop eventually if you have a 2.1 GPA and a 14 DAT and have already applied 4 times. Then you probably stop. But don't stop prematurely. Gosh...we can only imagine what it would be like if Hitler didn't stop trying with Art School.

 

[MikeSavona]

I know a lot of failed pre-meds and some failed pre-dents who just took the LSAT, and got into top flight law school (Notre Dame, Columbia, Cornell etc...). No pre-recs ... nothing at all is required for law school. It's a joke to get in.

 

[321931]

I know a lot of failed pre-meds and some failed pre-dents who just took the LSAT, and got into top flight law school (Notre Dame, Columbia, Cornell etc...). No pre-recs ... nothing at all is required for law school. It's a joke to get in.

Speaking about law school...:

http://forums.studentdoctor.net/showthread.php?t=787424

It's a really good read on the situation of Law Schools

 

[yappy]

Thanks for the good words. You didn't get under my skin - I just thought that maybe you didn't think of those things because it didn't indicate them on your predents. Good job with your masters - I hope you get in this time around - but if you do reapply I'm sure you would increase your chances of success by applying to more schools.

I don't know if I'll reapply yet, I need to see where everything stands, get some feedback, etc. I applied to just NC schools because I'm fairly tied to the area, own a home, married, etc. I'm assuming you are refering to my predents profile, which is not the most accurate, I'll admit. I have completed a master's (I just indicated it as post-bac GPA).

Anyways, it's fairly useless to argue/debate the merits of reapplying now, the whole goal of my posting in this thread was to inject a dose of realism into the whole idea of 'being unsucessful', and it just comes down to making the most of what works for you. I didn't intend to get under anyones skin. Good luck yappy, I wish you the best👍

 

[notin]

I know a lot of failed pre-meds and some failed pre-dents who just took the LSAT, and got into top flight law school (Notre Dame, Columbia, Cornell etc...). No pre-recs ... nothing at all is required for law school. It's a joke to get in.

this is a pretty good suggestion, though just make sure you keep in mind law isn't really strong right now, not a lot of jobs, and you gotta graduate high in your class or else you will set yourself back a lot.

but, the lsat is worth much more than your gpa, so if you think you can get say a 170 you can probably walk into a top 30 school even with a mediocre biology gpa.

 

[JasenClaisen]

I don't mean to salt any wounds here, but for those who can't get into dental school after more than one application cycle, what parts of your application do you think was the kiss of death for you?

 

[wizkhalifa]

what are the stats to some of you people who are in this situation, why allow yourself to become engulfed in such horrible stats?

 

[jmt1984]

I don't mean to salt any wounds here, but for those who can't get into dental school after more than one application cycle, what parts of your application do you think was the kiss of death for you?

So for me I know that it was my undergrad GPA, so I completed a Master's. I think now my liability is volunteer work. I also think that my application tends to indicate much more of a science/research background and convincing schools that I am serious about general practice is a tough sell, if I could go back and do it all over again, I would try to be more balanced in all areas consistently over time, probably would have been easier.

 

[MikeSavona]

this is a pretty good suggestion, though just make sure you keep in mind law isn't really strong right now, not a lot of jobs, and you gotta graduate high in your class or else you will set yourself back a lot.

but, the lsat is worth much more than your gpa, so if you think you can get say a 170 you can probably walk into a top 30 school even with a mediocre biology gpa.

Honestly, a 170 and a 3.4 Bio GPA will get you into a lot of top 14 schools (Cornell, Duke, Northwestern, etc) and a 170 with a 3.8 could get you in mostly everywhere, including a shot at harvard and stanford. A lot of people have taken this road, but you are right. Not only is law not strong right now, but the law market is downright dreadful. And the situation will only get worse for lawyers. The ABA doesnt regulate the amount of law schools nor the size of classes, so you have 60,000 people graduating every year. If you can't get into med or dent school, I say do optometry or PA. Much surer bets.

 

[Endolas]

Honestly, a 170 and a 3.4 Bio GPA will get you into a lot of top 14 schools (Cornell, Duke, Northwestern, etc) and a 170 with a 3.8 could get you in mostly everywhere, including a shot at harvard and stanford. A lot of people have taken this road, but you are right. Not only is law not strong right now, but the law market is downright dreadful. And the situation will only get worse for lawyers. The ABA doesnt regulate the amount of law schools nor the size of classes, so you have 60,000 people graduating every year. If you can't get into med or dent school, I say do optometry or PA. Much surer bets.

Not that I spend a lot of time there, but I seem to see negative things coming out of the OD forum. I get the impression the market is saturated right now. Anyone else?

 

[Dent001]

what are the stats to some of you people who are in this situation, why allow yourself to become engulfed in such horrible stats?

Some of us have pretty decent stats, but we still run the risk of not getting in anywhere just because of the heavy competition.
i've got a 3.5 gpa and 20 dat and out of the 12 schools i applied to i interviewed at 5 schools. got rejected from 1 of them and havent heard from the others.

i've already graduated and am taking this year off to work. I'm really riding in hopes of 1 acceptance. If i dont get in i gotta reapply and find something to do for next year, which would really really suck

 

[MikeSavona]

Not that I spend a lot of time there, but I seem to see negative things coming out of the OD forum. I get the impression the market is saturated right now. Anyone else?

Im sure there is saturation in some places, but we have to realize the degrees of saturation. Maybe you'll have a tough time finding a job for a few months, hell maybe a year (all speculation I have no idea about the OD job market) but eventually you will find something pleasant. The problem with law is systemic. The saturation is so absurd that you could graduate from columbia in the top 50% of the class, get shut out of an SA position after your first summer of law school, and subsequently have no chance at the kind of job you need to pay off 200K. This graduate may in fact be shut out of the profession forever unless he/she lands one of those craigslists law jobs that pay 10 dollars an hour and receive 300 apps for every opening. That is just bleak.

 

[321931]

Im sure there is saturation in some places, but we have to realize the degrees of saturation. Maybe you'll have a tough time finding a job for a few months, hell maybe a year (all speculation I have no idea about the OD job market) but eventually you will find something pleasant. The problem with law is systemic. The saturation is so absurd that you could graduate from columbia in the top 50% of the class, get shut out of an SA position after your first summer of law school, and subsequently have no chance at the kind of job you need to pay off 200K. This graduate may in fact be shut out of the profession forever unless he/she lands one of those craigslists law jobs that pay 10 dollars an hour and receive 300 apps for every opening. That is just bleak.

Pretty sure, pharmacy school is next on the list. They already have 100 pharmacy schools + opening 35 new ones in this year/upcoming years. With graduating classes of 100-200 and minimal requirements, there will be saturation. Economy is in bad shape, so you don't see that many targets/wal-marts opening as much to accommodate the tons of pharmacists graduating.

Right now, its fine with saturation only in major metropolitan areas; however, by the end projection of need for pharmacy (2018), I'm pretty sure it will come back to bite them. It's simple supply and demand. Schools also see that people will pay major bucks for a spot in pharmacy, so they open up, promise a great income, and sit on the student's loans.

The next bubble is the Education Bubble. People in debt up to their head, and with no way to pay it out.

 

[MikeSavona]

Pretty sure, pharmacy school is next on the list. They already have 100 pharmacy schools + opening 35 new ones in this year/upcoming years. With graduating classes of 100-200 and minimal requirements, there will be saturation. Economy is in bad shape, so you don't see that many targets/wal-marts opening as much to accommodate the tons of pharmacists graduating.

Right now, its fine with saturation only in major metropolitan areas; however, by the end projection of need for pharmacy (2018), I'm pretty sure it will come back to bite them. It's simple supply and demand. Schools also see that people will pay major bucks for a spot in pharmacy, so they open up, promise a great income, and sit on the student's loans.

The next bubble is the Education Bubble. People in debt up to their head, and with no way to pay it out.

We are almost at 1 trillion dollars in outstanding student loan debt. It is going to be terrible. I remember my cousins used to complain about 120K med school debt at 1.5% interest. Now we're all paying 250 to 400K at 7.9% interest. It's ridiculous. The government cant subsidize education forever. It is because of this indiscriminate loan handling that tuition has rocketed and interest is locked at usurious type rates.

 

[mcchuster]

Lol. I suggest raising the requirements for school admission and government just pay for all of our debt. Hey, they are investing on us right? lol. If you get in, you are paid for. Let's use our taxes for something beneficial like investing in future doctors, dentists. me biased* 😀

We are almost at 1 trillion dollars in outstanding student loan debt. It is going to be terrible. I remember my cousins used to complain about 120K med school debt at 1.5% interest. Now we're all paying 250 to 400K at 7.9% interest. It's ridiculous. The government cant subsidize education forever. It is because of this indiscriminate loan handling that tuition has rocketed and interest is locked at usurious type rates.

 

[ga1000]

This is why I am getting an economics degree as a back-up plan.

 

[yappy]

Hmm that's an interesting thought. I wonder why we pay so much money in tuition. Is your aruement that the access to education through student loans has created a large demand and therefore prices have gone up? I think we should view this problem in a broader sense than dentistry or medicne because one can arue that class sizes and schools are not that abundent and that these students tend to pay off their debt. Whatever the case - I think costs need to be controlled at university better... as public institutions are supposed to be non profit... where is all the money going?


*another thought - I like the idea of everyone paying for their own education rather than the state. This is because the individual must weigh if it's worth it or not to go into a major or educational process financially rather than not having to entertain the idea of paying off the debt due to the state picking up the tab.

 

[mitrieD]

One thing I have to admit. I'm thankful that med/dent/pharm/opt students almost have a guarantee that they will get some kind of job in their career. At the least, residency.

I've read how some law graduates are doing horrible in this job market. There is going to be one huge bubble popping pretty soon. Will there be enough jobs for them once the market takes shape? Another thing is that many older professionals are not retiring as early because the market is doing bad.

 

[toothhornet88]

Upon that realization they look to apply to other masters programs such as MBA, Masters in Comp sci, info tech, accounting etc... Which actually make money.

Thats EXACTLY why im majoring in Business and minoring in Biology...i have one more semester to go but it will take me 5 years total instead of 4..but hey its ok im 22...still young 🙂