Stacking different jobs?

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BiscoDisco

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Anyone know what you should be looking for if you want to take on multiple jobs to increase income? I see a lot of jobs offered at like 2-250k but they all appear full time. I always hear how easy it is to stack jobs in psychiatry; inpt in the morning, outpt afternoon, telepsych, etc. What kind of jobs/where do you find these stackable jobs?

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Most jobs are FT because that is what the average physician desires. Most don’t want to work 2 jobs to maximize revenue, so employers aren’t going to search for already rare psychiatrists in a rare capacity.

Stacking jobs is possible, but you will need to develop the process yourself. You’ll be searching for 1099 positions in which at least 1 job has flexible hours.
 
Job A needs to have no clauses about competition or work outside of theirs. Many have limitations, and if they do allow outside work you have to get their blessing first [don't count on it...].

One option is to seek that 40hr job to be done in four 10's. That way you have a free day to do telepsych work for Job B.
Or pick up the early hours of a methadone clinic in AM for Job B. May, or may not work, but I've heard of others doing that.
Or pick up weekend inpatient coverage shifts for Job B.
If the Job A is inpatient, you can strive for greater patient volume and do a 7 on/off schedule, then you are free to use your other 7 days for Job B.
Or pick up a job that will let you work and work as much as you want, such places as the for profit free standing psych hospitals.
Or see if you have the uncommon feature of a local Psych ED where you can pick up night shifts for Job B. They are always in need of week night coverage.

Best option yet, take the hit and invest in your own practice, best long term pay out. Build up from scratch and work yourself exhausted if you wish. Want to work 7AM-9PM for 5 days a week? Go for it.
 
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You either take on part time jobs or you take on a full time job with flexibility, such as one day off a week to open your own private practice. You can do telepsych in the evenings or on the weekend.
 
Many jobs that are advertised as full time will consider dividing the work among several part time employees. I set up interviews for full time jobs and asked in person to work a four day week once it seemed like it was a good fit on both ends
 
I see in my program that the inpatient job can essentially be done in about 5 hours. Are there full time jobs which would essentially allow you to leave once everyone is rounded on, thus allowing you to go to another job?
 
Why would you want to work more than one job while 200-250 k is enough to have a comfortable and convenient life.
Yeah, when does topic has come up before about people making 250k at an inpatient job in the morning and another 250k at an outpatient job in the afternoon, it's surprising more people don't do only one. I mean, I guess I can see it if you're the kind of person who genuinely enjoys working or you've got kids to put through college, but as long as I'm single and have no dependents, a job where I could make 250k and be totally done with work at noon every day would be paradise.
 
Yeah, when does topic has come up before about people making 250k at an inpatient job in the morning and another 250k at an outpatient job in the afternoon, it's surprising more people don't do only one. I mean, I guess I can see it if you're the kind of person who genuinely enjoys working or you've got kids to put through college, but as long as I'm single and have no dependents, a job where I could make 250k and be totally done with work at noon every day would be paradise.

This. I’m married with kids and in a hcol area and one job with reasonable hours (and no required call) feels wonderful. My spouse works and we have no debt so i’d rather live in a smaller apt and get rich slowly while enjoying ample time with my family. If we had loans I’d hustle harder but an average psych salary allows us to max out retirement accounts despite $$$ living expenses.
 
Why would you want to work more than one job while 200-250 k is enough to have a comfortable and convenient life.
Your opinion on enough is irrelevant.
This can also be spun to, "Why aren't you happy with 50K from residency stipend? You should be content to eat the rabbits and mushrooms from the hospital lawn?"

If some one feels their content is 500K, 1 million, etc that's their right and is perfectly acceptable.
 
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Your opinion on enough is irrelevant. This thought process of pushing one person's perception of money upon another is left leaning liberal garbage and a threat to financial freedom, a core to American Liberty.
This can also be spun to, "Why aren't you happy with 50K from residency stipend? You should be content to eat the rabbits and mushrooms from the hospital lawn?"
Or even, "Why aren't you content comrade with the standard living wage gift our beloved party leaders have set for us this year?"

If some one feels their content is 500K, 1 million, etc that's their right and is perfectly acceptable.
Somebody's overreacting. No one said it should be illegal for people to be workaholics and make 500k or 1 million a year. The question of why some people like working so much when to others it seems free time is so much more valuable is a perfectly legitimate one to muse about.
 
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Yeah best way this plays out usually is that you have an inpatient job that you average being at until noonish and then have an afternoon clinic most days of the week. You can swing this without starting your own private practice if say you set up a part time gig at a community mental health center or some other outpatient practice with just afternoon hours. Problem with the multiple job setup is when stuff happens on the inpatient unit that you need to be available for (emergencies, guardians demanding you contact them, problems with discharges/admissions, seclusion/restraint) and you're at your "other job". That's why having flexibility (ex. being able to schedule your own patients) with what you're doing in the afternoon is desirable.
 
I like the above suggestion to start a private practice. If you worked a full-time job and then did some hours on the evenings/weekends in solo PP you could do quite well and control your hours. Patients would love the ability to see you outside of work hours. You just have to make sure you choose patients who are safe for management in such a setup.

You can also look into a full-time job plus moonlighting. That can add up quickly.
 
Your opinion on enough is irrelevant. This thought process of pushing one person's perception of money upon another is left leaning liberal garbage and a threat to financial freedom, a core to American Liberty.
This can also be spun to, "Why aren't you happy with 50K from residency stipend? You should be content to eat the rabbits and mushrooms from the hospital lawn?"
Or even, "Why aren't you content comrade with the standard living wage gift our beloved party leaders have set for us this year?"

If some one feels their content is 500K, 1 million, etc that's their right and is perfectly acceptable.


This is an extremely negative and inappropriate response to a simple question. This post has nothing to do with divisive politics ...chill out.
 
Yeah, when does topic has come up before about people making 250k at an inpatient job in the morning and another 250k at an outpatient job in the afternoon, it's surprising more people don't do only one. I mean, I guess I can see it if you're the kind of person who genuinely enjoys working or you've got kids to put through college, but as long as I'm single and have no dependents, a job where I could make 250k and be totally done with work at noon every day would be paradise.


There's another thought to consider on why some want to make more now. Some want to expedite loans being paid off or reach FI much much sooner.

My dream in 10 years is to only do part time telepsych while i travel domestically from one beach front hotel vacation week to the next most of the year. I also dream that in 10 years by working harder now and saving most of my money that over a decade my returns on my investments when I do go part time telepsych will be inflation adjusted to what a normal psych salary is today like 200-250k then the part time telepsych money is just for fun and travel. To have investments pay out 200-250k requires a nest egg of 3.5-4 mill. I am not even sure its realistic to get there in that time frame.

I don't like to take what's out there for granted. I have seen too many fields in medicine go through a pendulum swing with incomes higher for a while then going the other way. However, that would be for just doing 1 job at some point in time vs the same 1 job at some other point. I am not sure if the multiple job schedule would essentially be immune to really any type of pendulum swing in psych.
 
Yeah best way this plays out usually is that you have an inpatient job that you average being at until noonish and then have an afternoon clinic most days of the week. You can swing this without starting your own private practice if say you set up a part time gig at a community mental health center or some other outpatient practice with just afternoon hours. Problem with the multiple job setup is when stuff happens on the inpatient unit that you need to be available for (emergencies, guardians demanding you contact them, problems with discharges/admissions, seclusion/restraint) and you're at your "other job". That's why having flexibility (ex. being able to schedule your own patients) with what you're doing in the afternoon is desirable.

I've seen community psychiatrists cover one inpt unit in the AM and then another in the PM. How is this possible when advertised inpt jobs will almost always say "hours 8 AM-5 PM"? Wouldn't they be required to be on the inpt ward during those hours? How are these inpt contracts actually written? "See X number of pts per day & be available 8 AM-5 PM by phone/page?"
 
Your opinion on enough is irrelevant.
This can also be spun to, "Why aren't you happy with 50K from residency stipend? You should be content to eat the rabbits and mushrooms from the hospital lawn?"

If some one feels their content is 500K, 1 million, etc that's their right and is perfectly acceptable.

if some one feels their content is 500k, 1 million and less than it would not be enough, that person is doomed and destined to have discontent and unfulfilled life.
 
if some one feels their content is 500k, 1 million and less than it would not be enough, that person is doomed and destined to have discontent and unfulfilled life.
Not if said person gains fulfillment from being a workaholic.
 
Not if said person gains fulfillment from being a workaholic.
But workaholics (a term I've never liked, BTW--if the convention is to add "-ic" to whatever one is addicted to, shouldn't it be "workic?" Is there something called "workahol" I'm not aware of?) work so much because they like the act of working itself, not necessarily because they want more money.
 
But workaholics (a term I've never liked, BTW--if the convention is to add "-ic" to whatever one is addicted to, shouldn't it be "workic?" Is there something called "workahol" I'm not aware of?) work so much because they like the act of working itself, not necessarily because they want more money.

The point is if someone needs that kind of income and doesnt mind working for it, they aren't destined to be unfulfilled in life.

Also, I think your point misses the mark. I don't believe most workaholics simply like the act of working exclusively. Rather, they like the fruits of their labor in a job they may or may not enjoy. Have you never seen a workaholic who hates their job?
 
I think people get the "workaholic" title when their work is not effective in making them happy. They don't enjoy working, they enjoy striving for the approval of others, or can't delegate due to trust issues, or can't say "no"/set limits, or any other number of dynamics that get played out in the workplace. There's a reason workaholic is a portmanteau of work and alcoholic and it's the addict (ineffective coping/emotional regulation) part that's important.

The people who are effective and happy when working a lot are not usually given the title "workaholic," rather something more like "boss."
 
I've heard people contracting at two to three different job locations each week. For example, 2 days at community mental health, 1 day at jail, 2 days at Indian Health Service clinic. The benefit being these places are usually willing to pay a premium so you can negotiate a rate higher than if you were employed full time. So if the full time pay is 250K, that's about $130/hr for a 40 hour week with 4 weeks of vacation. It wouldn't be unreasonable to have each location paying you $200/hr as a 1099 contractor. You'd have to cover your own benefits, but you're getting paid a 50% premium over the full time employed position so you should be well ahead. You can imagine this also pairing easily with a part time private practice group job, such as 3 days PP and 2 days as 1099 contractor.

This kind of setup takes some work, so many doctors won't undertake it.
 
The point is if someone needs that kind of income and doesnt mind working for it, they aren't destined to be unfulfilled in life.

Also, I think your point misses the mark. I don't believe most workaholics simply like the act of working exclusively. Rather, they like the fruits of their labor in a job they may or may not enjoy. Have you never seen a workaholic who hates their job?

I would agree with you, if you wrote ``if someone needs that kind of income for whatever reason and enjoys working for it, they are not destined to be unfulfilled in life``.

I do not mind working once every four weekends, but I do not enjoy it whatsoever. I am not here to judge whether someone is fulfilled or not, but If someone can bring comfort and convinience to his life with 200-250k. ( which is very doable in 99% of the U.S. Territory) and still feeling unsatisfied and aiming for more, it is very likely that no number will fulfill that satisfaction.
 
I would agree with you, if you wrote ``if someone needs that kind of income for whatever reason and enjoys working for it, they are not destined to be unfulfilled in life``.

I do not mind working once every four weekends, but I do not enjoy it whatsoever. I am not here to judge whether someone is fulfilled or not, but If someone can bring comfort and convinience to his life with 200-250k. ( which is very doable in 99% of the U.S. Territory) and still feeling unsatisfied and aiming for more, it is very likely that no number will fulfill that satisfaction.

What if I tell you, you can work the number of hours that a typical psychiatrist might need to make 250k, but in private practice setting, make 500k+. Would you regulate those who are especially in demand and efficient to make less money? I think these are two different questions.

Plenty of people work too much that causes unhappiness, but this alone is does not imply that this behavior per se needs to be "regulated". Furthermore, given progressive taxation, as is increasing labor based salary is already quite inefficient.
 
What if I tell you, you can work the number of hours that a typical psychiatrist might need to make 250k, but in private practice setting, make 500k+. Would you regulate those who are especially in demand and efficient to make less money? I think these are two different questions.

Plenty of people work too much that causes unhappiness, but this alone is does not imply that this behavior per se needs to be "regulated". Furthermore, given progressive taxation, as is increasing labor based salary is already quite inefficient.

Well my observation is that aiming for a particular number is not a path to fulfilled social and occupational life. But this is very simplistic statement. There are many contributors to life we live. Essentially 500k, 1million, 5 million are all mental images. You imagine a certain kind of life that 1 to 5 million could bring. When you reach to that point, is the imagined state and the true-self same? My observation is that there are discrepancies between what we imagine and what we get which essentially lead to uncontrolled drive to be always more than what you are and if you can not establish that self imagined state, chronic dysphoria sets in.
 
Both of you are arguing roughly the same thing.

 
Well my observation is that aiming for a particular number is not a path to fulfilled social and occupational life. But this is very simplistic statement. There are many contributors to life we live. Essentially 500k, 1million, 5 million are all mental images. You imagine a certain kind of life that 1 to 5 million could bring. When you reach to that point, is the imagined state and the true-self same? My observation is that there are discrepancies between what we imagine and what we get which essentially lead to uncontrolled drive to be always more than what you are and if you can not establish that self imagined state, chronic dysphoria sets in.

I mean, you are describing possibly the central tenet of Buddhism (dukkha and all that) so it ain't just you saying that this mismatch causes problems.
 
Well my observation is that aiming for a particular number is not a path to fulfilled social and occupational life. But this is very simplistic statement. There are many contributors to life we live. Essentially 500k, 1million, 5 million are all mental images. You imagine a certain kind of life that 1 to 5 million could bring. When you reach to that point, is the imagined state and the true-self same? My observation is that there are discrepancies between what we imagine and what we get which essentially lead to uncontrolled drive to be always more than what you are and if you can not establish that self imagined state, chronic dysphoria sets in.

Two issues:
1) People psychologically adapt to their circumstances. This does not mean that the government necessarily has the right to "force" a degree of "optimal" consumption upon you--this has been tried repeatedly and failed repeatedly. It's difficult to correctly estimate and adapt consumption to local situations.
2) While the effect of hedonic treadmill is true in the aggregate, there's also a large variance on an individual level in terms of the degree of such an effect. Uncontrolled drive to have more wealth makes *some* people dysphoric but allows others to thrive through things like entrepreneurship and frugality.

On a very practical level, as someone who knows (and treats) a decent number of patients in the 1-5M income/wealth range, the dyphoria is generally not related to the hedonic treadmill. Has more to do with other issues (i.e. family circumstances, medical/psychiatric, *interpersonal relationships*, etc). Generally speaking, the drive to make more money itself does not cause psychological problems: people who have a job do much better than someone who does not, and it's ill-advised to not work altogether (or even make radical decisions about moving to a much lower-paying job impulsively) if you can make 1-5M a year. Are there people who are suffering issues relating to "uncontrolled" drive to make more money? Yes, but it's actually fairly rare in this demographic in my clinical experience. In fact, a lot of times the "stacking of jobs", which is common in this group, reflects other issues unrelated to making more money per se.

You are attributing causality (drive to make money --> dysphoria) where one need not exist. Sometimes financially successful people have dysphoria, but it has little to do with the fact they are financially successful. As someone who treats a lot of personality disordered people, people who have completely devoid of any drive to make money actually tend to have more severe personality disorders.
 
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Two issues:
1) People psychologically adapt to their circumstances. This does not mean that the government necessarily has the right to "force" a degree of "optimal" consumption upon you--this has been tried repeatedly and failed repeatedly. It's difficult to correctly estimate and adapt consumption to local situations.
2) While the effect of hedonic treadmill is true in the aggregate, there's also a large variance on an individual level in terms of the degree of such an effect. Uncontrolled drive to have more wealth makes *some* people dysphoric but allows others to thrive through things like entrepreneurship and frugality.

On a very practical level, as someone who knows (and treats) a decent number of patients in the 1-5M income/wealth range, the dyphoria is generally not related to the hedonic treadmill. Has more to do with other issues (i.e. family circumstances, medical/psychiatric, *interpersonal relationships*, etc). Generally speaking, the drive to make more money itself does not cause psychological problems: people who have a job do much better than someone who does not, and it's ill-advised to not work altogether (or even make radical decisions about moving to a much lower-paying job impulsively) if you can make 1-5M a year. Are there people who are suffering issues relating to "uncontrolled" drive to make more money? Yes, but it's actually fairly rare in this demographic in my clinical experience. In fact, a lot of times the "stacking of jobs", which is common in this group, reflects other issues unrelated to making more money per se.

You are attributing causality (drive to make money --> dysphoria) where one need not exist. Sometimes financially successful people have dysphoria, but it has little to do with the fact they are financially successful. As someone who treats a lot of personality disordered people, people who have completely devoid of any drive to make money actually tend to have more severe personality disorders.

How about this, Can dysphoria be related to hedonic treadmill as in unsatisfied self works altogether towards imagined state by any means and do not show delicate attention to family circumstances, medical/psychiatric problems and interpersonal relationships other than the ones that serve towards that self imagined state? The drive to make more money is just one manifestation of working towards more than you are and my experience is that this generally stems from unable to accept self or another way to say unable to tolerate looking at the mirror and see true self. People who have a job do much better than someone who does not but as far as I know there is not such a data showing that people making 1-5M $ do much better than 250-500k. As i said the problem is not uncontrolled drive to make money. The problem is uncontrolled drive itself. It can manifest as uncontrolled drive to make more money as well as uncontrolled drive to copulate with more beautiful woman, uncontrolled drive to gain more power in social life, sometimes at the extent of the ones you share your life with, etc. I am backing up my causality theory here. Uncontrolled drive to make more money likely leads to chronic dissatisfaction if not dysphoria. I need to separate here drive to make more money towards specific goal and drive to make money in general which also manifests itself in other aspects of life. A drive to make more money to pay your children school tuition and drive to make more money to buy a super luxury car are two different things in my dictionary.

Being completely devoid of any drive is apathy and without any drive we are nothing but bunch of vegetables. Even the monks who separate themselves from the world has one strong drive to reach spiritual enlightenment. I have to emphasize that I am talking about uncontrolled drive not id which we all have at some level and significant in maintaining our day to day functioning.
 
The thing that I often see in those kinds of patients is that the necessary "inputs" to become very financially successful almost universally result in decreased time, energy, etc. available for other pursuits in life (e.g., hobbies, healthy relationships, being an effective parent). I'm not saying that these things are entirely mutually exclusive - I think it is possible to make the sacrifices necessary to pull in millions of dollars a year while also having relationships, being a parent, etc. - but the fact is that life is, in some sense, a zero-sum game. There are only so many hours in a day, and you only have so much energy to engage in activities. Unless you are superhuman, devoting the time necessary to rise to the top in your career will almost certainly mean that less time was spent in other areas of your life. This may or may not lead to problems, but count me in the camp of "not surprised" whenever I see folks that appear to have everything together superficially but are, in actuality, quite miserable with even minimal exploration.

I agree with @sluox that the drive to make money is not the causative agent of unhappiness, though I do agree that seeking happiness, fulfillment, etc. in material goods and success is likely to leave someone wanting. However, I do think that the drive to be materially successful above all else can be a risk factor for other issues that may crop up because of the cost of pursuing that drive.
 
I agree with @sluox that the drive to make money is not the causative agent of unhappiness, though I do agree that seeking happiness, fulfillment, etc. in material goods and success is likely to leave someone wanting. However, I do think that the drive to be materially successful above all else can be a risk factor for other issues that may crop up because of the cost of pursuing that drive.


I think it's interesting and appropriate that a factual question in a psychiatry forum gets this type of response, which is really a circuitous way to say okay this is weird people in psychiatry don't do this. Whereas if you go into cards or rads or what have you nobody would blink if you ask for moonlighting opportunities or the idea that you'd moonlight to make more money. A couple of further thoughts along those lines:

1) psychiatry is getting more lucrative and beginning to attract people who want to make more money (in an efficient way), whereas in the past it tends to attract mainly people who (for a variety of reasons) optimize for lifestyle.

2) you can "stack" jobs relatively easily in this field, mainly due to low overhead (i.e. not like surgery or other procedural specialties) and demand. a few thoughts here:
- call locum companies, that's probably the most efficient in getting the low hanging fruit
- negotiate aggressively on hourly rates
- telepsych jobs are plentiful, but pay remains poor (typically below $200 per hour, though exceptions exist) for very much equivalent services in my mind
- make sure your "day job" does not have a non-compete or similar (i.e. "all clinical services is carried out on behalf of X"). while such clauses may not be pursued (typically, they aren't), signing it puts you in a less powerful position, later on, should badness happen
- part-time private practice is a viable option in most parts of the country

3) It is not entirely crazy to say okay if you are working 50+ hours in psychiatry you are operating outside of professional norms, is there something going on, is it appropriate to oh hell I don't know, sit in a psychodynamic office for 6 months and see what transpires. That's an appropriate thought in this field. After all, this is not neurosurgery and the community doesn't have this kind of expectations. It obviously doesn't mean that something's definitely wrong, and I know people who work hard who are fine. Just thinking in terms of clinical practice, sitting in the therapist's spot, in my experience money and overwork is actually very rarely the issue in and of itself. Let me give you a concrete example: someone who gets sent to me by his wife because "overwork" (chief complaint), screening shows MDD + alcoholism. You do your standard CBT + meds, patient enters into remission, he tells me, hmm the thought that I *need* to make $X to make everyone and myself happy is distorted and depression talk, and now went away. He then goes to his boss and drops his hours. THIS SCENARIO is MUCH MORE COMMON in practice, and requires careful ruling out much more than some existential issue about the philosophical/spiritual value of material enjoyment and overworking causing the depression per se. Mental illness is undertreated and especially in physicians. I've even had *psychiatrists* (through physician wellness programs) in my practice who go improperly treated for standard depression/anxiety/adhd for *YEARS* for god know what.

The "miserly" overwork phenotype with distorted value system that leads to overwork (i.e. some kind of cluster C spectrum personality disorder trait) in my experience is a zebra. Garden variety MDD/anxiety about finance vastly more common, and therapeutically it's debatable whether some kind of spiritual debate on the legitimacy of their need of more money is helpful.
 
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Great post @sluox

If a new doc fresh out of residency was hoping to make 350-450 out of the gates, what type of work/hours/etc would you recommend?
 
Ultimately, time is priceless. We have already spent the majority of our careers and sacrificed some may say "peak living years" 22-early 30s indoors studying or in the hospital.

My advice is unless you have some desire to FIRE just stick with the lifestyle friendly schedule psych provides and enjoy yourself. If you do some basic things like not spend more than 1.5x your final year residency monthly income for the first few years and save and invest the rest after your out of debt while learning about investments your setting yourself up for easy ways to increase your overall finances.

Your going to get a lot of offers for side work but remember its about 50% taken by uncle same and the time sacrifice for what is left is not worth it imo and actually disheartening. If you learn investing principles and can maintain your general schedule and make more money that is by FAR the ideal way to go.

Enjoy your time. Learn instead of work more about various types of investing. I haven't worked a weekend, holiday, or night call in almost 2.5 years and it has been amazing and I hope others can experience that feeling as well.
 
Great post @sluox

If a new doc fresh out of residency was hoping to make 350-450 out of the gates, what type of work/hours/etc would you recommend?
LOL, a different specialty than Psychiatry.

Locums, and targeting the for profit psych hospitals for placement, with volunteered intent to cover 20+ patients daily and have it reflected in your contract.
 
LOL, a different specialty than Psychiatry.

Locums, and targeting the for profit psych hospitals for placement, with volunteered intent to cover 20+ patients daily and have it reflected in your contract.

But if average psych salary is around 260 now...is making an extra 90k a year really that difficult?
 
Great post @sluox

If a new doc fresh out of residency was hoping to make 350-450 out of the gates, what type of work/hours/etc would you recommend?

Keep in mind that your question is very broad.

You could reach those numbers by joining a cash private practice and work 40 hrs/week in a great city.

If you are willing to work in the middle of nowhere with poor support, maybe only 36 hrs/week if you are very efficient.

You could also do it by working academia 40 hrs/week and take in-house call at the local psych hospital every weekend for the year.

Most 40 hour jobs will pay $250k.
 
But if average psych salary is around 260 now...is making an extra 90k a year really that difficult?


Your question can't be answered and requires more information.
1) where you plan to live. <----most important
2) how much student debt (i.e. does PSLF enter into this).
3) do you have a working spouse or stay at home spouse, do you have/plan to have children.
4) of secondary importance, where you trained, what does your CV look like (i.e. do you have subspecialty niche)

The best clinical gig in psychiatry is by far (sub-)subspecialty outpatient cash practice. 350k is peanuts in that world, we are talking half time/below half time total comp. Not everyone can do this and cannot be done everywhere, and the variations are huge (sometimes you can't gross 350k working 70 hours a week), though I'd say if you are in the top 25% in our field you can probably eventually make it happen (see sushiroll's post--though he's not even cash). Some related gigs include medical director/owner of private IOP/inpatient facilities, etc. basically you need to eventually gain ownership of the business. This is absolutely critical, and every single outgoing resident needs to know this.

For an average American grad of an average residency, your average (non-equity) "job" pays somewhere between 200-300k. You moonlight another 12 hour shift in house at $200 an hour gives another 100k once a week, this gives you a solid 350k, with a total 50ish clinical hours. I hate moonlighting shift jobs, but this is your typical 350k plan. A large private group practice might bump you up to 350k (i.e. if they profit share off some ancillary staff), but typically these jobs require more than 40 hours a week.
 
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But if average psych salary is around 260 now...is making an extra 90k a year really that difficult?
Part of why the median / average is pushed up is because of the wRVU creep. Each year wRVU expectation is climbing higher and higher because of the MGMA data. Essentially the same concept as the coal mine and company store. You won't catch it eventually for routine jobs. The writing is on the wall and that's the direction employed positions are heading, and for the specialty. Look to examples like Radiology or (the gloom of) the Pathology forum, and you'll see they have maximized their productivity as far as it will go. The suits, and suits in the insurance companies are squeezing ever tighter.

As the above posters noted, you can catch your 90K but your average psych, with average everything, will only get that by working more and sacrificing time.

My simple little med check practice I'm building right now (insurance, with drop of cash only), with target of 30 clinical hours per week, realistically will fall some where between 165-330K once at the 30hr mark. We'll see how it unfolds with time.
 
If you are willing to work in the middle of nowhere with poor support, maybe only 36 hrs/week if you are very efficient.

Can you explain the typical structure? Do you work for hospital or your own practice or what?

Essentially, if I decide to be the only psychiatrist in the area, what is the best way to do this?
 
Can you explain the typical structure? Do you work for hospital or your own practice or what?

Essentially, if I decide to be the only psychiatrist in the area, what is the best way to do this?

Most common that I’ve seen is government agencies. The area is so awful that over-paying is the only option.
 
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