So you have an interesting story about an individual that left an opportunity on the table to make more money doing something else other than being a physician -- to be a physician.
So what?
n=1 is not a very solid basis for drawing averages and I don't feel like trying to derive what your own personal definition of "profession" means in order to run another hypo financial scenario. What are the "any professions" that you are referring to? Accountant? Marketing Consultant? Manager at McDonalds? Painter? Police officer? Taxi Driver? Lawyer?
Crunch the numbers for us all if you want. I'll check them out.
I know off the top of my head that the median lawyer salary is ~62k. The average lawyer seems to work like a dog and puts in over 60/hrs a week (often over 80 hrs/wk before a big trial) [at that salary] in hopes of partnership dreams that never materialize. Show me how he beats the average ortho doc I used in my earlier post.
My original comment about money was not my major point--it was just one element among several that I identified in asserting to the OP that medicine is a very tough job that not everyone would want to take on. I.e. if it's money you're after, there are more efficient ways to get it with less effort. That's quite true, and I stand by it.
I cited my own story merely to show you that I have personal knowledge and expertise to back up my statements. In other words, as someone who's worked in another profession, I'm familiar with its economics and working conditions, and I also know how to evaluate cash flows--which is what this is all about. However, I'm still not sure you get the point, so I'll try one more time.
For any investment, the most important factors determining your return are:
1. Your upfront investment: how much you have to put in, and when.
2. The money you get back, and WHEN you get it.
The above can be summarized as THE TIME VALUE OF MONEY, which could be translated as "a dollar today is worth more than a dollar tomorrow." Why? Because if I get the $ earlier, I can put it in the bank and make interest on it.
So if we look at a doctor vs. a lawyer, we see:
A. Greater investment in professional school tuition, for more years. (Bad)
B. Doctor starts earning full salary much later because training is much longer. (bad) Doctor has many years of very low pay during residency (huge economic give-up), lawyer does not.
Just think about that for a minute. A resident is earning $45K (even in a city like NYC), while a beginning lawyer in a decent firm starts at a minimum of $150K, and their salary keeps increasing during that time. So by the time the MD is done with residency, the lawyer could already be up to $200K or more. He will probably have earned more than $800K in those 5 years, while the doctor has only made $225K--and his starting pay out of residency could well be lower than what the lawyer is already making. Depending on his specialty as well as what area the lawyer is in, the MD might surpass him in salary eventually, but it will take a long time to make up for the huge economic
hole he starts out in.
It's great that you want to do ortho, but I know a lot of a lawyers who make far more than the average ortho--and they earn it for more years, because lawyers don't do residency. So it's pretty hard to medicine to win from a purely FINANCIAL standpoint.
As I said earlier, there are other rewards, which is why I want to do it. But if you are looking at this as a lucrative career, believe me, there are better ways to make money with considerably less effort and sacrifice.