US Navy

[nimbus]

$600k sign on bonus??


Anesthesiologist (US Navy Full-time)
Anesthesiology Full-Time position in United States | Doximity

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[NicholasPavona]

Seems to good to be true. I'm sure the bonus ties you into a commitment for "x" number of years.

 

[ans2021]

Last time I got an email like that for the military it was 300k, but specified it was 50k/yr for 6 years.

 

[Maverikk]

Yeah it’s the commitment + salary that matters. 6 year commitment it’s a 100k bonus to your salary, which many is usually pretty low even for civilians, they have a good feeder system of navy people who want to stay in for career goals, plus the benefits and retirement are supposed to be very good…still speaks to the competitive current environment

 

[psychbender]

Retirement no longer that great, as they eliminated the pension for new people several years ago. Tricare for life is ok. The insurance pays supremely poorly, so a lot of private docs won't take new Tricare patients, but it's dirt cheap, and hospitals will take it, at least.

 

[GassYous]

What if elon eliminates you before your signon tenure is over

 

[narcotics999]

What if elon eliminates you before your signon tenure is over

Take the 600k and the layoff package.

 

[TheLoneWolf]

🤣 it probably has a clause for immediate deployment to Kursk or Bakhmut for a year

 

[pgg]

Accession bonuses for joining the military as a physician are typically not paid as a lump sum up front, but as an annual payment over the course of the initial contract. There are however multiple paths into the military, so I'm not sure what the fine print for this one says.

$600K is likely for a 4 or 6 year commitment and would be paid in $100-150K installments.

As of a couple years ago, annual salary for a mid-career military anesthesiologist on a retention bonus contract (i.e. voluntary extension AFTER your "scholarship" obligation was paid back) was in the neighborhood of $250-275K, depending on zip code. Less if not on such a retention contract. Joining with an accession bonus incurs a service obligation that generally makes one ineligible for a retention contract.

Without knowing more specifics about this particular program, I'd guess it might have been an OK deal 10 years ago. In today's market, it sounds like a very poor financial deal.

Retirement no longer that great, as they eliminated the pension for new people several years ago.

It's not eliminated, just reduced. Instead of a 2.5% per year multiplier, it's 2% (plus some trivial TSP/401k match). So instead of retiring at 20 years with 50% of your base pay, the new deal is retiring at 20 years with 40% of your base pay.

 

[nimbus]

As of a couple years ago, annual salary for a mid-career military anesthesiologist on a retention bonus contract (i.e. voluntary extension AFTER your "scholarship" obligation was paid back) was in the neighborhood of $250-275K, depending on zip code. Less if not on such a retention contract. Joining with an accession bonus incurs a service obligation that generally makes one ineligible for a retention contract.

Without knowing more specifics about this particular program, I'd guess it might have been an OK deal 10 years ago. In today's market, it sounds like a very poor financial deal.

Listing posts income as 190-350k so looks like a poor deal unless you could leave after 1 or 2 years.

Another thing that surprised me is that they’re willing to take people up to 64 years old.

 

[NumTacos]

🤣 it probably has a clause for immediate deployment to Kursk or Bakhmut for a year

And fighting for the Russians, haha

 

[Beach bum]

Military has always had a provision up to age 65 I believe. FWIW usually when they start sending these big bonus offers out we were in a significant conflict soon after! I would often talk to recruiter but could never get past the military “logic” or lack thereof!!