Residencies/Jobs After Graduation

[AnonymousDo]

I was just wondering if it's difficult to be placed into residencies, generally speaking. Is it difficult to attain jobs after residencies? How much would a podiatrist make his/her first year? I've heard some horror stories but that might not be the case for everyone.

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[347932]

I was just wondering if it's difficult to be placed into residencies, generally speaking.
Not if you work hard and make connections.

Is it difficult to attain jobs after residencies?
Not if you work hard and make connections.

How much would a podiatrist make his/her first year? I've heard some horror stories but that might not be the case for everyone.
Depends on your employer, the structure of your employment contract, and what you are willing to put up with.

Hope that helps.

 

[ORDPM]

I was just wondering if it's difficult to be placed into residencies, generally speaking. Is it difficult to attain jobs after residencies? How much would a podiatrist make his/her first year? I've heard some horror stories but that might not be the case for everyone.

This should help answer your third question.

http://www.podiatrytoday.com/article/2683

 

[javajava]

I was just wondering if it's difficult to be placed into residencies, generally speaking. Is it difficult to attain jobs after residencies? How much would a podiatrist make his/her first year? I've heard some horror stories but that might not be the case for everyone.

If you wanted actual hard numbers.. Ill quote myself

Originally Posted by javajava
I didnt mean it as a truth, I just meant it as a possible reason because prospective students sometimes cross paths with podiatry bytes, uncensore podiatry and etc which are generally negative podiatry bashing sites where they often complain about podiatry low pay and etc. I was just stating what I read not my personal belief . But personally I dont think Podiatry in general is a 'top HIGHEST paying job'. If you look at the MGMA (I know I know its not the best source to some of you but its something) there are many specialties with higher medians. But youll still be real comfortable .

http://forums.studentdoctor.net/showthread.php?t=817247

Here is some real data though if youd like to know about some podiatric salary, not my bros bro bro sisters dead fathers son in laws cow hearsay hehe
Quote:
These numbers are from fiscal year 2004 (N = 10,830) NET INCOME:
< 25,000 = 5%
25k-75k = 17%
75k - 100k = 14%
100k - 150k = 25%
150k - 200k = 14%
200k - 250k = 10%
250k - 300k = 6%
>300k = 9%

I believe that this is probably pretty accurate considering the amount of variability in training within the profession. Of the respondents, 21% completed NO FORMAL RESIDENCY TRAINING (the older generation). Even still, only 22% make less than 75K and 64% make over 100K. In the young members study done last year, most podiatrists with a 3 year surgical residency were starting out in the low 100's. So, along those lines, I would expect the above numbers to rise with time as there is now a standardization of residency training as opposed to just a few years ago. Some docs got excellent training and some got next to none.



Quote:
Okay so there is way too much information on that survey for me to write it but for the first year associate BASE( idont know if this includes bonus/benefits) the numbers wen as such
3% <30000
18% 30k-50k
44% 50k-75k
20% 75-100k
8% 100k-125k
7% >125k

But then there is another graph which states PERSONAL NET INCOME BY YEARS IN PRACTICE

2 year or less 85k
3-5 years 126k
6-8 yrs 141k

Also there are graphs based in type of residency

PSR- 12 = 90k
PSR-24 = 115k
PSR-24+ = 120k
PM&S 24= 90k
PM&S 36= 93K



Quote:
Since this is always such a popular subject, I thought I'd post some exerts from the Young Member Salary Survey in 2005. I actually spoke with a member of the committee shortly after it was released. He said he thought that it was a fairly accurate survey but it was still probably a little on the low side. The actual document is PDF and can't be posted and I'm not copying/pasting that much! Here are some of the more pertinent questions:

2. How many years have you been in practice?
Years Frequency Percent
1 138 21.3%
2 171 26.4%
3 146 22.6%
4 107 16.5%
5 69 10.7%
6 10 1.5%
7 5 .8%
8 1 .2%
Total 647 99.5%
Missing 3 .5%

12. Which type of position do you currently hold?
Associate 254 39.2%
Independent contractor 53 8.2%
Partner small group (<3) 93 14.4%
Partner large group (>3) 28 4.3%
Solo practitioner 153 23.6%
Multidisciplinary group 43 6.6%
Other 24 3.7%
Total 648 99.7%
Missing 2 .3%

15. How did you find your current position?
Classified 80 12.6%
Word-of-mouth 201 31.7%
Residency program 108 17.0%
Head-hunter 8 1.3%
Other 238 37.5%
Total 635 97.7%
Missing 15 2.3%

18. What is your annual gross income (excluding
benefits)?
Under 30,000 24 3.8%
30,001-50,000 68 10.8%
50,001-75,000 132 21.0%
74,001-100,000 141 22.4%
100,001-125,000 76 12.1%
Over 125,000 189 30.0%
Total 630 96.9%

19. If you are an associate, what type of compensation do you receive?
Salary only 54 14.6%
Salary + bonus 220 59.3%
Income based on collections only 82 22.1%
Income based on billing only 15 4.0%
Total 371 57.1%
Missing 279 42.9%

22. Has there been a change in your income level over
the past year?
Increase 441 71.8%
Decrease 42 6.8%
No change 131 21.3%
Total 614 94.5%
Missing 36 5.5%

It also goes on to show that those with more surgical training tend to make more and that those in multi-specialty groups and large pod groups tend to make more than others as well. #15 shows that we find our jobs the same way that most docs find jobs (ie not classified ads or job postings). I always laugh when people say "I don't see any job postings for podiatrists."
Here is discussion about associate salary http://forums.studentdoctor.net/show...php?p=11359444

Thats FIVE sources so it can help you get a general idea

 

[AZ25]

At this point in my career I can only really answer your first question andI completely agree with "kidsfeet." It is a lot more about knowingpeople than I thought it would be. So I would recommend getting to know peopleas well as you possibly can and then also working as hard as you possibly can.Without networking you are leaving things to chance. Obviously if you get a 4.0you'll have a lot of opportunities, but if you've talked to a residencydirector 15 times during your first three years you'll have a good shot too.It's all about the balance.

 

[MaxillofacialMN]

This should help answer your third question.

http://www.podiatrytoday.com/article/2683

That's a really nice find. Based on some of the literature I've seen from the last 5-10 years (forbes, apma, etc etc) pod salaries have increased like 30k since 2004 (which I find a little incredulous, but it's a trend i've noticed from recent numbers to dated ones).

Yeah yeah, I know. It's not about the money.