What Med Schools graduates make the most $?

[Dr. Donkey]

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I'm only in this whole thing for the money, and I was wondering which medical schools produce physicians earning the most money. Is there information of this topic available? I also think US NEWS and WR should start using starting salary after residency in their rankings like they do for business school, who agrees?

Oh, and one more thing, in case I can't get into a competitive residency, which type of residency is easy to get into and pays a lot. Thanks!

 

[ComfortableWolf]

I'm only in this whole thing for the money, and I was wondering which medical schools produce physicians earning the most money. Is there information of this topic available? I also think US NEWS and WR should start using starting salary after residency in their rankings like they do for business school, who agrees?

Oh, and one more thing, in case I can't get into a competitive residency, which type of residency is easy to get into and pays a lot. Thanks!

😀

 

[melimi]

i dont think where u graduate from matters, i think the main thing that determines a doc's salary is their specialty.
i think heart surgeons are among the highest paid, and neurosurgeons
the problem is, they have to pay like 300k in malpractice insurance per year
as for residency, none of them pay a lot; ull be making max 40k per year for those 4 yrs

im gonna let u in on a little secret..... doctors dont make any money til they're 50, so maybe u should look into some other career, maybe go to law school or get an mba

 

[firex]

If you use the economic principles of supply & demand, I think the smaller, more elitist programs (low supply) would usually command higher prices and higher expected salary .

Thus, I would expect HMS HST grads who went into cosmetic plastic surgery to make the most bank. To future applicants, please let me know how your interview goes at HST when you tell them about your passion for cosmetic surgery 🙄

 

[Dr. Donkey]

Yeah but obviously some schools put more people into the more competitive specialities who generally go on to make more money. For example, I'm sure most Havard docs go on to specialties like plastic surgery and dermatology where they can make bank! I just want a more direct way of finding which graduates make the most money.

And in response to your other opinion about me going into law or whatever: my attention span isn't very good so I don't think I could read the briefs or whatever they have to do. All I know is that I was told law school requires a lot of reading. And it's not like I want to be SUPER rich, I just want to make sure I have my first Porsche by the time I'm 30, that's all.

i dont think where u graduate from matters, i think the main thing that determines a doc's salary is their specialty.

 

[Dr. Donkey]

Whoa! You and me must be psychiatrically connected or something. While I was responding to the previous poster's post, I was writing about all the plastic surgeons who come out of Harvard, and after I posted...there was your post about all those rich bastards. Amazing!

If you use the economic principles of supply & demand, I think the smaller, more elitist programs (low supply) would usually command higher prices and higher expected salary .

Thus, I would expect HMS HST grads who went into cosmetic plastic surgery to make the most bank. To future applicants, please let me know how your interview goes at HST when you tell them about your passion for cosmetic surgery 🙄

 

[Blue Scrub]

I'm only in this whole thing for the money, and I was wondering which medical schools produce physicians earning the most money. Is there information of this topic available? I also think US NEWS and WR should start using starting salary after residency in their rankings like they do for business school, who agrees?

Oh, and one more thing, in case I can't get into a competitive residency, which type of residency is easy to get into and pays a lot. Thanks!

Psychiatry and Pediatrics, super duper easy and super duper dough! Good luck!

 

[WatchingWaiting]

Yeah but obviously some schools put more people into the more competitive specialities who generally go on to make more money. For example, I'm sure most Havard docs go on to specialties like plastic surgery and dermatology where they can make bank! I just want a more direct way of finding which graduates make the most money.

And in response to your other opinion about me going into law or whatever: my attention span isn't very good so I don't think I could read the briefs or whatever they have to do. All I know is that I was told law school requires a lot of reading. And it's not like I want to be SUPER rich, I just want to make sure I have my first Porsche by the time I'm 30, that's all.

Unlike law school or business school, where pedigree is extremely important to future earnings potential, there is not any substantial correlation between where you graduate med school from and how much money you make. In fact, given that a relatively high percentage of grads from Harvard and other top-10 schools go into academic medicine, which is paid quite a bit below private practice, any advantage from having an easier time getting into more competitive specialties would be nullified. In fact though, there are specialties, like anesthesia, for example, that are quite highly paid and fairly non-competitive (though also kind of low prestige, "gas" not being a hugely flattering term) to get into, so, if you want bank it's not like you have to go into orthopedic surgery or radiology or graduate from a top school. Also, even at the lowest-ranked med school, there will be surgical subspecialty residencies, radiology residencies, derm residencies, gas residencies, EM residencies, etc. at their program, and so, if you're motivated by Mammon, the bank specialties are available to you whereever you go.

 

[virilep]

I'm only in this whole thing for the money, and I was wondering which medical schools produce physicians earning the most money. Is there information of this topic available? I also think US NEWS and WR should start using starting salary after residency in their rankings like they do for business school, who agrees?

Oh, and one more thing, in case I can't get into a competitive residency, which type of residency is easy to get into and pays a lot. Thanks!

if you go to www.salary.com it'll tell u the pay of specialties in a specific area.

and by the way... it's good u had 100+ posts or else i'd think u were a troll.

 

[Law2Doc]

And in response to your other opinion about me going into law or whatever: my attention span isn't very good so I don't think I could read the briefs or whatever they have to do. All I know is that I was told law school requires a lot of reading. And it's not like I want to be SUPER rich, I just want to make sure I have my first Porsche by the time I'm 30, that's all.

Not that I am buying into the sincerity of your post, but I suspect lack of attention span won't work too well in med school either (reading is kind of important in that field too 🙄 ). Assuming you want to go into any high paid specialty, you will usually have to do more than 4 years of residency earning a fairly nominal salary before you can go into a private practice, so the porsche will have to wait till well past 30, sorry. If you set your sights on a used Festiva, I'd say you have a shot though...

 

[Rupert Pumpkin]

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[Without Wax]

I'm only in this whole thing for the money, and I was wondering which medical schools produce physicians earning the most money.

I respect you for your honesty. I wonder why some people get so upset when people talk about money and how important it is. While it should not be the only reason, money is the main reason why so many smart students go into medicine

 

[Law2Doc]

I wouldn't necessarily say that. You could go directly into rads after graduating med school at 25, which will take another 4 years. You'll be 29 and making a starting salary of at least a quarter million a year -- some are up to 350K. While you might have loans to pay off, it's not unreasonable to be able to comfortably buy a porche by 30-33.

Yeah, I guess that's possible, although starting salaries in radiology are not universally/nationally going to be close to that level and it's a tough specialty to get into even at the lower salary places. (And I note that the OP said by "30", not 33, so I still say the porsche is a reach). But you'd have to agree that this is not a very likely path for someone without a good attention span -- spending hours staring at radiographs, CTs, MRIs and all. 🙄

Edit: Note that if you look at the salary.com website previously posted by a prior poster, it appears that the national average for ALL radiologists in private practice (not those right out of residency) is $267,000. Thus one would assume that those new to private practice will be making significantly less than this, as I suspect those 10 years+ out of residency will have close to doubled their initial salary or better. So the quarter mill+ you quoted is not consistant with the starting salary on a national basis indicated by this resource (but perhaps could be true in NYC & LA markets).

 

[xadmin]

i dont think where u graduate from matters, i think the main thing that determines a doc's salary is their specialty.
i think heart surgeons are among the highest paid, and neurosurgeons
the problem is, they have to pay like 300k in malpractice insurance per year
as for residency, none of them pay a lot; ull be making max 40k per year for those 4 yrs

im gonna let u in on a little secret..... doctors dont make any money til they're 50, so maybe u should look into some other career, maybe go to law school or get an mba

Don't make money until 50? This is not correct. I am currently 20 and I bet you in 8 years, I will be making six figures. I am not in it for the money, but hell if doctor don't make six figures salary, I wouldn't be one.

 

[melimi]

Don't make money until 50? This is not correct. I am currently 20 and I bet you in 8 years, I will be making six figures. I am not in it for the money, but hell if doctor don't make six figures salary, I wouldn't be one.

i guess in 8 yrs we'll all be making 6 figures, but i know in 8yrs im gonna be owing 6 figures (i actually wont be making 6 figures until i'm 34 (specialty + sub = 5 figure salary for at least 5 yrs)

 

[red dot]

wow. i appreciate your honesty. welll.... to me it sounds like dentistry is a very lucrative career. they make twice as much as doctors do in general, and their hours are way way better. on the other hand, if you go into a specialty such as plastic surgery (i don't think this would be fulfilling as a life career -- sucking fat out rich women's asses) or orthopaedic surgery (quite prestigious) i'm sure you'd make a lot there.

 

[Dr. Donkey]

Sweeeeet. The story behind my original post is that my parents have two matching Porsches which they call "Por" and "Sche" (vanity plates are an awful invention), and I bet them that I could buy my own Porsche by the time I'm 30. Medicine seemed like the most secure way to make enough money from what I was studying.

It's actually kindof funny, at my interview with Emory, a professor asked me why I wanted to go into medicine and I told him that story because I was tired of the BSing of how I liked to help people. I think he must have thought I was joking because I got in. Oh well!

Don't make money until 50? This is not correct. I am currently 20 and I bet you in 8 years, I will be making six figures. I am not in it for the money, but hell if doctor don't make six figures salary, I wouldn't be one.

 

[lakersfan]

Sweeeeet. The story behind my original post is that my parents have two matching Porsches which they call "Por" and "Sche" (vanity plates are an awful invention), and I bet them that I could buy my own Porsche by the time I'm 30. Medicine seemed like the most secure way to make enough money from what I was studying.

It's actually kindof funny, at my interview with Emory, a professor asked me why I wanted to go into medicine and I told him that story because I was tired of the BSing of how I liked to help people. I think he must have thought I was joking because I got in. Oh well!

I can't believe you said that and got in!!! Wow.

 

[firex]

Sweeeeet. The story behind my original post is that my parents have two matching Porsches which they call "Por" and "Sche" (vanity plates are an awful invention)

Alas, I'm starting to regret not going into i-banking (I'm a business major ). Many of my friends will be making close to 6-figure straight out of college (55k base + up to 45k in year-end bonus if they're ballers + 10k signing bonus). With that kind of bank, I would have been able to get a porsche by the time I'm 25 😱 .

Hey Dr. Donkey, how about we start a hedge fund together? You can easily rake in a cool mil in salary/year if the fund takes off 👍

 

[PineappleGirl]

Sweeeeet. The story behind my original post is that my parents have two matching Porsches which they call "Por" and "Sche" (vanity plates are an awful invention), and I bet them that I could buy my own Porsche by the time I'm 30. Medicine seemed like the most secure way to make enough money from what I was studying.

It's actually kindof funny, at my interview with Emory, a professor asked me why I wanted to go into medicine and I told him that story because I was tired of the BSing of how I liked to help people. I think he must have thought I was joking because I got in. Oh well!

Congrats! 👍 😀
We need more honesty like this in the med school apps process!

 

[Blue Scrub]

I respect you for your honesty. I wonder why some people get so upset when people talk about money and how important it is. While it should not be the only reason, money is the main reason why so many smart students go into medicine

If people are solely in it for the money, then I wouldn't think medicine is the first place smart students or whoever should get into....med school is a long process which will place you in a huge debt....if you want money, get into business....if you're really good, you could be making waaaaaay more money than most doctors, without the debt

 

[every1blowz]

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[Law2Doc]

if you want money, according to salary.com a heart transplant surgeon in the 75th percentile makes $566,784 is san francisco, california.

But again, as the prior poster indicated, this takes many years to get to, and you work much harder than in most professions. An investment banker making half this amount per year but starting five or six years earlier will end up better financially (considering the time value of money), and will work a lot fewer hours.

 

[medicine_man]

wow, even if you aren't serious, this topic is sooooo taboo.

 

[Homer Doughnuts]

heart surgeons are among the highest paid, and neurosurgeons the problem is, they have to pay like 300k in malpractice insurance per year as for residency, none of them pay a lot; ull be making max 40k per year for those 4 yrs

Where can I find a 4 yr Cardiothoracic residency, please tell me !!!!! 😕

 

[~~premed82~~]

The one's that have an M.D. at the end of four years!

😛

I'm only in this whole thing for the money, and I was wondering which medical schools produce physicians earning the most money. Is there information of this topic available? I also think US NEWS and WR should start using starting salary after residency in their rankings like they do for business school, who agrees?

Oh, and one more thing, in case I can't get into a competitive residency, which type of residency is easy to get into and pays a lot. Thanks!

 

[melimi]

Where can I find a 4 yr Cardiothoracic residency, please tell me !!!!! 😕

nowhere; note that i didnt mean specifically a surgery residency; i meant a residency in general (spec, not spec+subspec), which, last i heard, takes 4 yrs

 

[Homer Doughnuts]

nowhere; note that i didnt mean specifically a surgery residency; i meant a residency in general (spec, not spec+subspec), which, last i heard, takes 4 yrs

I know, I was joking around. No hard feelings 😍

 

[melimi]

I know, I was joking around. No hard feelings 😍

me either, i was just clearing up my statement
we kewl man, we kewl

 

[Muppet Love]

I'm only in this whole thing for the money, and I was wondering which medical schools produce physicians earning the most money. Is there information of this topic available? I also think US NEWS and WR should start using starting salary after residency in their rankings like they do for business school, who agrees?

Oh, and one more thing, in case I can't get into a competitive residency, which type of residency is easy to get into and pays a lot. Thanks!

Finally someone who isnt afraid to say it! Well, i've been saying it for the past 7 years, but oh well.. Anyways, just like you i only went into health career fields for the money..But i took a different route..I went to dental school then now i am finishing a 3 year residency in orthodontics.. So 7 years of schooling for a profession that averages 300K/ year, it was the most reasonable choice for me..BTW, i already have a job offer for when i graduate that pays 190K/ year PLUS commission...(which based on their output, should put me at 250K/yr)

Sure, dentistry is NOT medicine, but since i didnt care for either profession, i went with the one that would give me the most "bank" in the shortest time...
Of course, if you're looking for prestige, dental school may not be the best choice..

 

[Law2Doc]

Finally someone who isnt afraid to say it! Well, i've been saying it for the past 7 years, but oh well.. Anyways, just like you i only went into health career fields for the money..But i took a different route..I went to dental school then now i am finishing a 3 year residency in orthodontics.. So 7 years of schooling for a profession that averages 300K/ year, it was the most reasonable choice for me..BTW, i already have a job offer for when i graduate that pays 190K/ year PLUS commission...(which based on their output, should put me at 250K/yr)

Sure, dentistry is NOT medicine, but since i didnt care for either profession, i went with the one that would give me the most "bank" in the shortest time...
Of course, if you're looking for prestige, dental school may not be the best choice..

I've definitely heard dentistry is a much better choice if you are simply looking for the payday, because the residencies (if any) are shorter and the hours are significantly better. Thus I am not sure it is really a fair comparison and someone who is truthfully going into medicine just for the bucks has picked badly (he missed his true calling as a dentist, I-banker, or other less work - higher yield professions). In dentistry the patients tend not to be near death, so probably no overnight call multiple times per week, which cuts down the hours significantly in that profession. Lots of dentists I know don't even have to work full five day weeks. And most other dentists are able to keep very regular business hours. Thus the per hour wage is probably higher in dentistry than in all but a few specialties. A much more realistic suggestion for the OP to get his porsche by 30, I think...

(And no, I don't think people were "afraid to say" they were in it for the money -- many of us are just aware that there are much better and easier ways out there to make that kind of money than subjecting yourself to four years of debt followed by a long, intense and poorly paid residency. Medicine's really too hard a path if money is your only driving force).

 

[Dr. Donkey]

I'm not solely in it for the money. That would be stupid. I also love the fact I will be able to make people call me Doctor. It's like being knighted or something. Maybe I can pull off Sir. That would be sweet. My vanity plate: Sir Dr. Porche. I changed my mind. Now I'm only in it for the prestige. Which is the most prestigious residency? I want a speciality which will allow me the privilege to act sanctimonious and no one would have the balls to call me out on for being holier-than-thou because I was soooo noble and such.

If people are solely in it for the money, then I wouldn't think medicine is the first place smart students or whoever should get into....med school is a long process which will place you in a huge debt....if you want money, get into business....if you're really good, you could be making waaaaaay more money than most doctors, without the debt

 

[slackerjock]

I respect you for your honesty. I wonder why some people get so upset when people talk about money and how important it is. While it should not be the only reason, money is the main reason why so many smart students go into medicine

why do tons of AOA students end up at ophtho & derm. its NOT for the money or lifestyle, rite? doctors dont like money, especially smart doctors. of course not. it must be for their love of performing 300 lasiks per day (at a rate of $100/minute)

 

[Law2Doc]

why do tons of AOA students end up at ophtho & derm. its NOT for the money or lifestyle, rite? doctors dont like money, especially smart doctors. of course not. it must be for their love of performing 300 lasiks per day (at a rate of $100/minute)

I'm not sure lifestyle and money are the same issue. While well paid, a number of specialties are competitive primarilly for the lifestyle they offer - the money is a byproduct, but not usually the driving force. For people trying to balance a family and medical profession you really can't find a better situation than derm (except, again, perhaps in dentistry). This in turn has made it a very competitive field.

 

[virilep]

But again, as the prior poster indicated, this takes many years to get to, and you work much harder than in most professions. An investment banker making half this amount per year but starting five or six years earlier will end up better financially (considering the time value of money), and will work a lot fewer hours.

actually..my friend is an investment banker. works for Bank of America. she works atleast 70 hours a week. but gets paid like 90 and she graduated 3 years ago. so i mean, she does work her ass off. i dunno. 90 is no cakewalk.

 

[Law2Doc]

actually..my friend is an investment banker. works for Bank of America. she works atleast 70 hours a week. but gets paid like 90 and she graduated 3 years ago. so i mean, she does work her ass off. i dunno. 90 is no cakewalk.

Well, in those positions, the salary is only one small component of total compensation. Most of my friends in i-banking usually get 2-3 times their salary as bonus each year, and have a somewhat higher salary than 90. They have MBAs though...

 

[slackerjock]

actually..my friend is an investment banker. works for Bank of America. she works atleast 70 hours a week. but gets paid like 90 and she graduated 3 years ago. so i mean, she does work her ass off. i dunno. 90 is no cakewalk.

ibanking is paltry compared to private equity. a few of my friends are making 200k+ and they graduated 4 yrs ago. one of my friends got a 1% bonus on a $50,000,000 deal. you do the math.

 

[Dr. Donkey]

Five dollars is nothing.

ibanking is paltry compared to private equity. a few of my friends are making 200k+ and they graduated 4 yrs ago. one of my friends got a 1% bonus on a $50,000,000 deal. you do the math.

 

[Teufelhunden]

Oh, and one more thing, in case I can't get into a competitive residency, which type of residency is easy to get into and pays a lot. Thanks!

Some of you folks are ripping on this guy, and all I'm thinking is: "Damn, what an honest question!"