there is no need for you to bash me on this.
i wrote that i have little background in finance but that doesn't mean i don't know ANYTHING
i took a graduate course in finance
already have my bachelors-why would i go to Baruch to get a bba? -_____- make zero sense.
im not singling out invesmtent banking and dentistry just for the money. I singled out the two careers that I'm interested in. Plus, i didn't single out INVESTMENT banking. I said banking. Banking has a lot more sectors (operations/equity research)others than INVESTMENT banking.
Don't try to sell me about how dentists are noble people who help people with their oral health. This profession centers on a SURGICAL approach and procedures that generate income for dentists. Why aren't dentists telling people that they need to do more preventive care like flossing? Why do dentists check for cavities mostly when they do the oral exams? Why are most dentists not informing their patients about their gum condition and educate the patients more on taking good care of their oral health?
Cuz dentists only charge based on the PROCEDURES that they do.
Even when dentists are looking at the same mouths, a lot of dentists disagree on where the cavities are. Sure you can say that dentistry is an "art" and dentists have different "dental philosophy". But if you are the patient will your want your dentist to drill "pits" and call them cavities? NO. I was a victim of this practice There is seriously just not enough regulation over this.
My own ****ed up dentist told me that he cares about teeth. But the crappy dental work he did on me said otherwise.
I shadowed extensively. Saw the good and the bad. The vast majority of the dentists I shadowed are pretty crappy tbh. They push procedures that the patients' insurance could cover and the procedures that are not covered are not done. I could see so many things that they do wrong/things that I disagree with but really? Who regulates these dentists that did unnecessary procedures for money? No one. You can say that ADA does but its still an advocacy group created by dentists for dental professionals and the general public. Unless the dentist did some serious harm there won't likely be much lawsuits and liability.
In banking you help corporations grow and merge and whatnot or you could do equity research in a field you're interested in.
In dentistry you're likely making money off from patients ("sick" people). A lot of dentists sell their patients procedures that they MAY or MAY NOT need. Some are cosmetic dentists. Don't tell me that this profession is all about helping people with their oral health.What about dental corporation practice that only cares about money and the procedures dentists have performed on their patients? are you telling me that corporate dentistry is also "oh-so-noble i help people with their teeth". I have seen way more bad dentists than the good ones.
Dentistry could be more WAY MORE ****ed up than banking. Dentists are directly impacting the health of the patients.
Even if i do end up in dent, i wouldn't take advantages of my patients. Will treat them like the way I want to be treated.
I dont understand why do you make so many incorrect assumptions about what I want. I enjoy a high income because i enjoy finer things in life; there is nothing wrong with it.
Im leaning toward not doing dentistry because some of the crap I've seen sickened me. If I do into this field, I want to practice good dentistry while having a good income, these seems to somewhat contradicts each other when the system is set up in a way that dentists charge only based on procedures.
Im considering banking because I enjoy studying about investment and the quantitative approach is more intellectually stimulating and personally more fulfilling than the hands-on aspect of dentistry. I just don't think I have the internships needed to break into banking. I enjoy the relatively high income and 9-5 lifestyle of a dentist. Banking hours are a lot harder; its competitive and volatile. I don't even know if I can tolerate the hours. If I really just into money, I would pick dentistry for sure.
The fact that Im leaning toward not doing dentistry shows that I'm not just concerned about the income when I pick a career.
P.S. I personally do not think there is anything morally wrong with people who pick professions based on incomes. Everyone has different values and there is no need to make them feel bad about their values.
Lol...pretty sad, not sure why I'm answering but what the heck.
What exactly do you know about investment banking? Do you know about valuation/modeling, pitch books, working 100 hours a week on excel with extreme stress & lack of sleep? Do you know anything about the world of finance? Career progression? Doesn't seem so since you have no background in finance, no degree, no experience.
How is it that out of all possible careers you've singled out dentistry and investment banking... two completely different fields?
I get it.. you're trying to figure out what the easiest course of action is to wealth with minimal work input. I get it.
You want lifestyle? Not a chance in real finance... The ones that succeed sacrifice a portion or all of their lives to reach the money and
"power" that they've so wholeheartedly desired.
You want income? Finance is the way to go. The ceiling is practically limitless. Any qualified investor will tell you that becoming a dentist is a terrible investment if return is what you seek.
"I shadowed dentists before. I can't say Im super excited about working in peoples mouth. At best I could say that I tolerate it."
Let me get this straight. You don't enjoy or have any interest in dentistry. You don't have a desire to actually be a doctor (helping others). "Ehh, I guess I can tolerate being a dentist if it means making 250k while working twice a week!" - that's you right?
Get out of this profession now. You are completely unfit for dentistry and doing it for all the wrong reasons. With this attitude will most likely not succeed.
Figure out your strengths/weaknesses. Find something you'd actually enjoy to do and be good at. Seriously think about what you want to do for the rest of your life man. You ever received a paycheck? You feel happy for about 1 minute and move on. If you're at a terrible job that you loathe, that paycheck will not make you happy. You will still have to wake up every damn morning and go to work. Imagine the feeling of dreading what you do but being stuck on a daily basis. Do you think you'd be a happy person? Do you think you'd be successful? Not a shot.
Also, you really should shadow a dentist if you have any true interest in the profession. Because I can bet that you've never been in a dental office as an observer.