Which *specialties* are the BEST paying?

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erasable

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I apologize that this post is similar to my original post, but I am really curious about the statistics for *specialties*.
1. Which specialties are the BEST paying by *hour*?
2. Which specialties are the BEST paying by *year*?
3. Which specialties has the least hours/emergency/night calls?
4. Is there any website that list these kind of statistics?

Thanks!!!

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erasable said:
I apologize that this post is similar to my original post, but I am really curious about the statistics for *specialties*.
1. Which specialties are the BEST paying by *hour*?
2. Which specialties are the BEST paying by *year*?
3. Which specialties has the least hours/emergency/night calls?
4. Is there any website that list these kind of statistics?

Thanks!!!

:confused:
 
erasable said:
I apologize that this post is similar to my original post, but I am really curious about the statistics for *specialties*.
1. Which specialties are the BEST paying by *hour*?
2. Which specialties are the BEST paying by *year*?
3. Which specialties has the least hours/emergency/night calls?
4. Is there any website that list these kind of statistics?

Thanks!!!

You should go look these up yourself and then post it back here if you wish, instead of asking everyone else to do your research.

I hope you are not in the medical field because if these are really a big thing for you you will NOT be happy in medicine. Go to a good business school and get into wall street.
 
erasable said:
I apologize that this post is similar to my original post, but I am really curious about the statistics for *specialties*.
1. Which specialties are the BEST paying by *hour*?
2. Which specialties are the BEST paying by *year*?
3. Which specialties has the least hours/emergency/night calls?

Thanks!!!

Family med is the answer to all three. Trust me. Its one of the secret hidden little gems of the medical community.
 
Jocomama said:
I have asked your thread to be removed.

This is a repeat thread, and your topic is just not appropriate.
Go look this up on your own.
Are you even in medicine?

Don't really understand what the big deal is, but I think it's natural (and perhaps smart) to want to know these things.

Anyways, don't know a website that compares this information, but

1) best hours are by far dermatology, medical genetics, ophthalmology and maybe pathology.

2) If you are looking for money, the high paying ones are (right now): ortho, rads, neurosurgery, GI, cardiology, plastic surgery

(but again, a lot of times it's a business and when depend on how well you manage your practice)

3) I think if you want to do a "best pay by hour" type of thing, dermatology is the way to go......it's hard to match in derm though, but if you starting medical school, you may have a good shot by doing research with your school's derm department, get to know some of the influential people, kiss ass but not overdo it....and hope to match at your home institution.

Let me know if you have more questions, will answer what I know
 
ObGyn said:
Don't really understand what the big deal is, but I think it's natural (and perhaps smart) to want to know these things.

Anyways, don't know a website that compares this information, but

1) best hours are by far dermatology, medical genetics, ophthalmology and maybe pathology.

2) If you are looking for money, the high paying ones are (right now): ortho, rads, neurosurgery, GI, cardiology, plastic surgery

(but again, a lot of times it's a business and when depend on how well you manage your practice)

3) I think if you want to do a "best pay by hour" type of thing, dermatology is the way to go......it's hard to match in derm though, but if you starting medical school, you may have a good shot by doing research with your school's derm department, get to know some of the influential people, kiss ass but not overdo it....and hope to match at your home institution.

Let me know if you have more questions, will answer what I know

Although this is an overplayed topic its not like he asked about MD versus DO, or affirmative action, or CRNAs vs Anesthesiologists! :laugh:
 
ObGyn said:
Don't really understand what the big deal is, but I think it's natural (and perhaps smart) to want to know these things.

Anyways, don't know a website that compares this information, but

1) best hours are by far dermatology, medical genetics, ophthalmology and maybe pathology.

2) If you are looking for money, the high paying ones are (right now): ortho, rads, neurosurgery, GI, cardiology, plastic surgery

(but again, a lot of times it's a business and when depend on how well you manage your practice)

3) I think if you want to do a "best pay by hour" type of thing, dermatology is the way to go......it's hard to match in derm though, but if you starting medical school, you may have a good shot by doing research with your school's derm department, get to know some of the influential people, kiss ass but not overdo it....and hope to match at your home institution.

Let me know if you have more questions, will answer what I know

Lies Lies and damned lies...The answer is all these questions is Family Med. Not even the legendary cash cow of Pediatrics can compare to a FM doc out in private practice in full stride. They are pillars of God-like financial strength with even venture capitalists trembling in their mighty presence. Should FM docs even walk down Wall Street, they are hailed as heroes, often invited in for refreshments by the executives at Lehman Bros. Every FM is issued a Rolly Royce Phantom upon passing the boards, too often they give this luxury up and settle for the less flashy Saturn or Honda hybrid to decrease their risk of kidnapping. Definitely there is a downside to FM, villians everywhere will see you as their opportunity to become rich as FM docs can be ransomed for millions.

I dont know...can you handle all that? I doubt it.
treasure%20chest.jpg
 
Why are we all so preoccupied with money? If you are interested in the best hourly rate, with essentially no work involved, go do something outside of medicine. Investment banking PAYS big money, you can work hard, and then watch your money grow while you sit on the beach... But then you will have to make peace with yourself that you essentially move money around for other people, and just take a slice of their money.
 
LADoc00 said:
Lies Lies and damned lies...The answer is all these questions is Family Med. Not even the legendary cash cow of Pediatrics can compare to a FM doc out in private practice in full stride. They are pillars of God-like financial strength with even venture capitalists trembling in their mighty presence. Should FM docs even walk down Wall Street, they are hailed as heroes, often invited in for refreshments by the executives at Lehman Bros. Every FM is issued a Rolly Royce Phantom upon passing the boards, too often they give this luxury up and settle for the less flashy Saturn or Honda hybrid to decrease their risk of kidnapping. Definitely there is a downside to FM, villians everywhere will see you as their opportunity to become rich as FM docs can be ransomed for millions.

I dont know...can you handle all that? I doubt it.
treasure%20chest.jpg

man that was like something i would write. great post.
 
kungfufishing said:
man that was like something i would write. great post.

I caught a few local family med docs in their "backroom":
tycoon.jpg


Look at the happy expression of those lil guys, family med for the win.

here is the FM program director at Duke:
DarthVaderBabeMagnet.jpg


FEEL THE POWER!
 
Jocomama said:
This is a repeat thread, and your topic is just not appropriate.

Why on earth should it be "inappropriate" for doctors to talk about money?
 
LADoc00 said:
I caught a few local family med docs in their "backroom":
tycoon.jpg


Look at the happy expression of those lil guys, family med for the win.

here is the FM program director at Duke:
DarthVaderBabeMagnet.jpg


FEEL THE POWER!

This post was f'in hilarious!!
 
Attila said:
Why on earth should it be "inappropriate" for doctors to talk about money?

What many doctors think: Patients make me want to leave medicine. It's the money that keeps me in.

But tell that to the bleeding heart liberal socialists on SDN, and you will get the typical "it's inappropriate to talk about money" bit.
 
ObGyn said:
Don't really understand what the big deal is, but I think it's natural (and perhaps smart) to want to know these things.

Anyways, don't know a website that compares this information, but

1) best hours are by far dermatology, medical genetics, ophthalmology and maybe pathology.

2) If you are looking for money, the high paying ones are (right now): ortho, rads, neurosurgery, GI, cardiology, plastic surgery

(but again, a lot of times it's a business and when depend on how well you manage your practice)

3) I think if you want to do a "best pay by hour" type of thing, dermatology is the way to go......it's hard to match in derm though, but if you starting medical school, you may have a good shot by doing research with your school's derm department, get to know some of the influential people, kiss ass but not overdo it....and hope to match at your home institution.

Let me know if you have more questions, will answer what I know

Thank you, ObGyn! Your suggestion at #3 sounds like an especially good idea. I've heard how impossible it is to get into specialities like derm (and radiology and ophthal). One of my interviewers for med sch told me how some students who matched in radio., walked in with research on day 1.

elperro, :) I used phius before to for med apps, I didn't notice this section before. Thanks!

Attila and RonaldColeman, thank you for not flaming me for this thread. I really wanted to know, but had difficulty googling it and was too uncomfortable to ask real life acquaintances.
 
It's harder to get an analyst position at Goldman Sachs/Lehman/Bear Stearns then it is to get into medical school. It is harder to get a private equity postion at KKR/Dearborn Madison/GTCR then it is to get into medical school. It is harder to get an entry level consulting job at McKinsey/Bain/BCG then it is to get into medical school.

Don't kid yourself. I know these are "mere facts", but frankly speaking, if you get into medical school and go into: rads, gas, derm, rad onc, path, cards, gi, optho, ENT, urology, you will be better off then 90% of the population financially, and probably happier than most people in general. All you people who say "go get a job on wall street" probably haven't tried it.

A McKinsey job interview (I've been on 2 out of the 3 interviews) is more grueling than any medical school or residency interview you can imagine. You can't fake it, and you can't get by on legacy or affirmative action or good test scores or being a nice guy or whatever. Their standards are so high.

I matched in a competitive specialty (rad-onc) at a good medical center (Pitt), and it was much easier than getting a job at a top management consulting firm or an analyst position at an I-Bank. Trust me - I thought I had a year off coming up so I applied to these jobs, no luck whatsoever.

Unfortunately or fortunately depending on perspective, being a physician is still a heck of a way to do better than most people, financially, in the US. I can't guarantee you will like your job, but you will make more than my mom and dad combined ... in your first year out of residency.

-S
 
outofhere said:
Why are we all so preoccupied with money? If you are interested in the best hourly rate, with essentially no work involved, go do something outside of medicine. Investment banking PAYS big money, you can work hard, and then watch your money grow while you sit on the beach... But then you will have to make peace with yourself that you essentially move money around for other people, and just take a slice of their money.

Medical community myth number 1: Book study nerd skills would translate into business success. "I'd be earning a ton if I was in I Banking".

Simply not true. Business takes a completely different skill set so there's no gaurentee you'd do well. Also, I Banking and business in general are extremely competitive. Wall street is strictly survival of the fittest. Most people do NOT succeed there.

Be grateful for what you have.
 
LADoc00 said:
I caught a few local family med docs in their "backroom":
tycoon.jpg


Look at the happy expression of those lil guys, family med for the win.

here is the FM program director at Duke:
DarthVaderBabeMagnet.jpg


FEEL THE POWER!

:laugh: :laugh: :thumbup:
 
SimulD said:
It's harder to get an analyst position at Goldman Sachs/Lehman/Bear Stearns then it is to get into medical school. It is harder to get a private equity postion at KKR/Dearborn Madison/GTCR then it is to get into medical school. It is harder to get an entry level consulting job at McKinsey/Bain/BCG then it is to get into medical school.

Don't kid yourself. I know these are "mere facts", but frankly speaking, if you get into medical school and go into: rads, gas, derm, rad onc, path, cards, gi, optho, ENT, urology, you will be better off then 90% of the population financially, and probably happier than most people in general. All you people who say "go get a job on wall street" probably haven't tried it.

A McKinsey job interview (I've been on 2 out of the 3 interviews) is more grueling than any medical school or residency interview you can imagine. You can't fake it, and you can't get by on legacy or affirmative action or good test scores or being a nice guy or whatever. Their standards are so high.

I matched in a competitive specialty (rad-onc) at a good medical center (Pitt), and it was much easier than getting a job at a top management consulting firm or an analyst position at an I-Bank. Trust me - I thought I had a year off coming up so I applied to these jobs, no luck whatsoever.

Unfortunately or fortunately depending on perspective, being a physician is still a heck of a way to do better than most people, financially, in the US. I can't guarantee you will like your job, but you will make more than my mom and dad combined ... in your first year out of residency.

-S

YES! F-ing thank you. I cant believe how misinformed people are when they say just get an ibanking gig like they are handed out like coupons on every college campus in the US. First off, Ibanking only recruits at a very select number of campuses and even at the Harvard-Stanford level is only accepting 10% of applicants! There are like 3+ rounds of interviews. Let alone most that get these have crazy connections in the industry. No one is sitting around with an acceptance to medical school AND a ibanking offer to be able to have that choice, or at least no one Ive ever heard of.
 
LADoc00 said:
YES! F-ing thank you. I cant believe how misinformed people are when they say just get an ibanking gig like they are handed out like coupons on every college campus in the US. First off, Ibanking only recruits at a very select number of campuses and even at the Harvard-Stanford level is only accepting 10% of applicants! There are like 3+ rounds of interviews. Let alone most that get these have crazy connections in the industry. No one is sitting around with an acceptance to medical school AND a ibanking offer to be able to have that choice, or at least no one Ive ever heard of.

It's been shown that when you compare people with similar grades, test scores, etc.: those that go into medical school will make less than those that go into business.

Second, I know TONS of people in my undergrad who went into I-banking in NYC that didn't work anywhere near as hard as the pre-meds did, and certainly didn't have anywhere near the grades.
 
SimulD said:
I matched in a competitive specialty (rad-onc) at a good medical center (Pitt), and it was much easier than getting a job at a top management consulting firm or an analyst position at an I-Bank. Trust me - I thought I had a year off coming up so I applied to these jobs, no luck whatsoever.

Did you lie about your upcoming residency? Or did you only apply for a one year position? I can see why a doctor who only wants to do I-banking on the side as a temporary job for one year might not look as good on paper as somebody who's primary goal is to be an i-banker. What did you expect? A company isn't going to want to hire someone who's going to be more concered with reading up on rad onc.
 
I didn't lie, b/c i didn't have a spot yet. Plus, they make you no promises about how long they will keep you and you make no promises about how long you stay. If a client wants to hire you away, you'll leave your consulting company without batting an eye.

it makes sense that people with similar grades/test scores will get higher paying jobs outside of medicine, for obvious market-related reasons. Not surprising in the least. but, in this economy, the people getting the top jobs (GS, lehman, GTCR, mckinsey, bcg, etc.) are far more qualified then those getting into, say, Michigan State College of Human Medicine. I got into Tulane and MSU med school with a 3.0. I got neg'd on all my undergrad interviews at top companies. After med school, the top companies interviewed me b/c of my MD. They were interested in a new skill test, and weren't discouraged by my dismal undergrad GPA.

If you get a 3.5 in undergrad and a 30 on your MCAT, you will more than likely get into MD school somewhere. And then you can get a residency in a lifestyle field, if you want. With a 3.5, McK, etc. will not interview you. Promise, I've met with enough of their staff to know who they select out of undergrad. They are stellar candidates.

It's harder than you think. I'm not going on anecdotes about friends. I'm going by personal experience. I didn't have to prep for a med school/residency interview. I just acted like myself. For strategy interview, I had to meet with current staff and practice cases, read about cases on my own, learn about different industries, and hold it together in front of a higher-up.

-S
 
I really like this thread for several reasons. First, I think It is absolutely ok to ask and be curious about money and income. You will find that many of your academic prefessors have no idea about real world economic conditions and they shouldn't be thought of negatively for that. Their job is to teach you medicine, not economics.

The sidebar about Invesment banking is interesting but the focus there is not so important. I have the impression that you are describing the best job in banking and not all bankers have that job. In turn, medicine has bad jobs, good jobs, and great jobs.

I think it is very important for all doctors to seek out financial education as soon as they possibly can. Ask questions, get mentors, read books. I see no reason to need an MBA etc in order to make sound money decisions. The first step is to ask the questions and seek the answers.

My oversimplified advice for todays young doctor is to train and work in a field that you enjoy at the pace you enjoy. Don't count on it to make you rich. Use your brain to find a variety of income sources. Some of them will not succeed. You will have a better job/income than 90% of the population so don't worry about keeping up with anyone else.

Good Luck!
 
SimulD said:
I didn't lie, b/c i didn't have a spot yet. Plus, they make you no promises about how long they will keep you and you make no promises about how long you stay. If a client wants to hire you away, you'll leave your consulting company without batting an eye.

it makes sense that people with similar grades/test scores will get higher paying jobs outside of medicine, for obvious market-related reasons. Not surprising in the least. but, in this economy, the people getting the top jobs (GS, lehman, GTCR, mckinsey, bcg, etc.) are far more qualified then those getting into, say, Michigan State College of Human Medicine. I got into Tulane and MSU med school with a 3.0. I got neg'd on all my undergrad interviews at top companies. After med school, the top companies interviewed me b/c of my MD. They were interested in a new skill test, and weren't discouraged by my dismal undergrad GPA.

If you get a 3.5 in undergrad and a 30 on your MCAT, you will more than likely get into MD school somewhere. And then you can get a residency in a lifestyle field, if you want. With a 3.5, McK, etc. will not interview you. Promise, I've met with enough of their staff to know who they select out of undergrad. They are stellar candidates.

It's harder than you think. I'm not going on anecdotes about friends. I'm going by personal experience. I didn't have to prep for a med school/residency interview. I just acted like myself. For strategy interview, I had to meet with current staff and practice cases, read about cases on my own, learn about different industries, and hold it together in front of a higher-up.

-S

But now you're comparing getting into ANY medical school with getting a position at a top banking company...Its like saying its sooo easy to "Podunk Bank Job" and very difficult to get into Harvard Med school.
 
JackBauERfan said:
But now you're comparing getting into ANY medical school with getting a position at a top banking company...Its like saying its sooo easy to "Podunk Bank Job" and very difficult to get into Harvard Med school.

I would agree with this too. I would guess that the gunner premeds that land acceptances at top med schools like Harvard, Stanford etc. would also land the top banking jobs if they diverted their energies.

The ? I have is this: the burn out rate for ibanking is HUGE. And if you salary.com'd both a medical subspeciality and ibanking, med comes out way ahead. Anyone have a good handle on what an ibanker/former ibanker type has in assets vs. a medical specialized say at about age 40? Short term the ibanker wins, but what is the long term play out here?

I know hedgefund guys can hit 7 figures, but so can many docs who are working far less hours. I just dont have a good handle what happens when these 2 groups hit middle age.
 
I know hedgefund guys can hit 7 figures, but so can many docs who are working far less hours. I just dont have a good handle what happens when these 2 groups hit middle age.

I think it's fairly rare for physicians to make 7 figures, especially if they are simply "working." For every one rare hotshot plastic surgeon making maybe high 6, low 7 figures there are many more Californian pediatricians making ~$80k a year. Having worked for a small $50MM hedge fund just northeast of NYC, I can tell you that the potential financial rewards are much, much greater, but it requires an entirely different skill set (more instinctive, sometimes more quantitative, also schmoozy skills help too) and connections are paramount in order to find backing both from a board of directors standpoint as well as actual capital. Remember, only "qualified investors" as U.S. entities are allowed by law to invest in funds (used to be at least $1MM net worth minus primary house, not sure what it is now), so you have to know "wealthier" people to have investors.

Of course being an ordinary employee at a larger fund may be just like working too, I guess I am referring to startups where the potential for personal gains are huge if you are there from the beginning. Most hedge funds charge some basis points as a management fee and in general keep 20% of gains.

Many of the guys I knew were worth $5-10 million by the time they were 30, which in medicine would be very novel (for wealth gains simply from medicine itself).
 
neutropenic said:
I think it's fairly rare for physicians to make 7 figures, especially if they are simply "working." For every one rare hotshot plastic surgeon making maybe high 6, low 7 figures there are many more Californian pediatricians making ~$80k a year. Having worked for a small $50MM hedge fund just northeast of NYC, I can tell you that the potential financial rewards are much, much greater, but it requires an entirely different skill set (more instinctive, sometimes more quantitative, also schmoozy skills help too) and connections are paramount in order to find backing both from a board of directors standpoint as well as actual capital. Remember, only "qualified investors" as U.S. entities are allowed by law to invest in funds (used to be at least $1MM net worth minus primary house, not sure what it is now), so you have to know "wealthier" people to have investors.

Of course being an ordinary employee at a larger fund may be just like working too, I guess I am referring to startups where the potential for personal gains are huge if you are there from the beginning. Most hedge funds charge some basis points as a management fee and in general keep 20% of gains.

Many of the guys I knew were worth $5-10 million by the time they were 30, which in medicine would be very novel (for wealth gains simply from medicine itself).

Im not going to argue but the day I left residency I made over 250K, Ill be hitting high 700s by the time Im 35 with ease and hot shot plastic surgeon I am not. Oh and I work about 30 hours a week. I know Im not the exception.

Yes I will be vastly outearned by good ibankers, but will the AVERAGE ibanker do better? That is the question I have.
 
LADoc00 said:
Im not going to argue but the day I left residency I made over 250K, Ill be hitting high 700s by the time Im 35 with ease and hot shot plastic surgeon I am not. Oh and I work about 30 hours a week. I know Im not the exception.

For the sake of those in training, would you be willing to provide some detail about your story? What is your specialty? What is your practice setting? Do you make that from E&M's or do you own a surg center etc? Also, where do you live (for the purpose of comparing cost of living).

Thanks
 
Podunk Bank Job doesn't pay like a pediatrician. To get a banking job that pays $60k/year + bonus (gets you ~$100k), you need to working for a high level bank. McKinsey pays associates (post-undergrads) $60k plus ~10k bonus, and it's consultants (post-MBA/MD/PhD) $110-120k + 30-40k bonus, first year out. This is still not even as much as a private pathologist/anesthesiologist/radiologist makes. Plus, they work a lot harder and spend 6-10 hours a week traveling and 3 nights a week in a hotel.

I'm not comparing apples to oranges. What I'm saying is the girl that gets into the worst medical school can easily get a $150-200k/year a job (regardless of if she likes it or not) in anesthesia/path/rad-onc/whatever, but will not have that option in any other field. There aren't 'mediocre' consulting firms hiring at $100k/year + bonus. But if you go to a mediocre path program, you still can get hired in at $150k/year. You can go to a DO school and still be an anesthesiologist without much trouble, and make $300k/year.

Medicine is strange ... the skill set required to get through is essentially the ability to regurgitate large volumes of information and take multiple choice tests, even though that's not what day-to-day life is. You can do crappy in undergrad, go to a lower-tier med school, and make bank. You can't do crappy in undergrad, work for a 'lower-tier' bank and make bank. You'll be a working stiff.

People are starting to figure this out - they do terrible in school and MCAT, go to an offshore school, study like mad, get decent Step 1s, and match in PM&R or path or whatever, and make good money.

We have it good ...
 
SimulD said:
Podunk Bank Job doesn't pay like a pediatrician. To get a banking job that pays $60k/year + bonus (gets you ~$100k), you need to working for a high level bank. McKinsey pays associates (post-undergrads) $60k plus ~10k bonus, and it's consultants (post-MBA/MD/PhD) $110-120k + 30-40k bonus, first year out. This is still not even as much as a private pathologist/anesthesiologist/radiologist makes. Plus, they work a lot harder and spend 6-10 hours a week traveling and 3 nights a week in a hotel.

I'm not comparing apples to oranges. What I'm saying is the girl that gets into the worst medical school can easily get a $150-200k/year a job (regardless of if she likes it or not) in anesthesia/path/rad-onc/whatever, but will not have that option in any other field. There aren't 'mediocre' consulting firms hiring at $100k/year + bonus. But if you go to a mediocre path program, you still can get hired in at $150k/year. You can go to a DO school and still be an anesthesiologist without much trouble, and make $300k/year.

Medicine is strange ... the skill set required to get through is essentially the ability to regurgitate large volumes of information and take multiple choice tests, even though that's not what day-to-day life is. You can do crappy in undergrad, go to a lower-tier med school, and make bank. You can't do crappy in undergrad, work for a 'lower-tier' bank and make bank. You'll be a working stiff.

People are starting to figure this out - they do terrible in school and MCAT, go to an offshore school, study like mad, get decent Step 1s, and match in PM&R or path or whatever, and make good money.

We have it good ...

I never said we didnt' have it good. I definitely agree about the fact that you can go to ANY med school and ultimately if you are able to secure a residency spot and get through you should be able to make MORE than decent money.

I thought the argument was that getting a high level bank job is not as easy as folks make it out to seem. But my point was someone that would be able to get into a top tier med school (like harvard) may as easily get that bank job if the priorities were different (same the other way around).

I agree with you that people seem to think business is an easy field to make the "CEO" money in, and it really is not. I think somewhere in your original statement you did say that people with equal grades/accomplishments might do better in the business setting, and that might be true too I guess.
 
"this you should have gone to finance argument is a mute point"

how can somebody give up all of these years of training and sweat that went into learning medicine... it would be a grand waste to go to something like finance if you are already about to complete medical school... additionally, finance isn't easy... you would most definitely need to learn a lot of new things (statistics, financial terms, accounting, business law, etc.), work hard, and be very lucky...

we in medicine still have it relatively good... the worst Hospitalist I know makes 150k... the smartest MIT PhD Engineer I know makes 110k...

finance is where the money is... most definitely... but that decision needed to be made between college and med school... once in medical school, I think it is just a waste of energy to shift gears...

medicine is the only profession where the sloppiest/most undeserving idiot makes serious bank relative to his peers...

finance is the only profession where one can earn >$500 million / yr in income... if you don't believe me check out the top 20 hedgefund managers for 2005...
 
LADoc00 said:
I caught a few local family med docs in their "backroom":
tycoon.jpg


Look at the happy expression of those lil guys, family med for the win.

here is the FM program director at Duke:
DarthVaderBabeMagnet.jpg


FEEL THE POWER!
I was sad to hear they closed the DeathSta....I mean family medicine residency..... :smuggrin:
 
You will have a better job/income than 90% of the population so don't worry about keeping up with anyone else.

Put it this way....even if hell freezes over and I have to be an FP doc (and I'm talking the choice is death and eternal damnation or FP) I will still make more than my parents, grandparents, and most of my cousins combined. That's enough for me. If I make anymore that's simply "**** you money" as one of my friends describes it. :laugh:
 
Really now. That is quite enough already. Some of you definitely need to stop passing judgement on the guy posting the initial series of questions. Granted, questions of this type have been posted before. Then again, so has everything else. Should we lock the entire board and force users to use the search button or do a Google search? Of course not. His questions are valid and no one should even assume that the questions of financial compensation indicate that the person doesn't care about the profession.

If you don't feel the need to foster discussion, then click the back button. There are more than thirty other threads. You can pick one you like or even start your own. The namecalling, sarcasm, posting of insulting pictures, and other childish behaviorlike this has to stop.
 
Everyone seems focused on this investment banking stuff. The majority of my friends in information science are coming out undergrad making 60k+ with bonuses on top of that, fair amounts of vacation and all sorts of cool perks depending on where it was...that is at graduation. Heck I am mediochre in IST and IBM was emailing me like mad...which the starting with them is around 65k or so and grows pretty fast afterwards. I am yet to understand what I really do...but yea I can make decent money doing it if I want. Only problem is that I still have to worry about losing a job at 50 and being too old to find something else. Or if you want decent money getting certified in a bunch of networking crap seems to be pretty easy cash....I got my ccna which is the lowest level for cisco networking and could make about 40k out of high school if I wanted.....not in the money but not bad for the limited amounts of work I put in and coming out of high school. That being said I haven't even thought about that horrid stuff for 3 years an forgot it all.
 
BlondeCookie said:
Really now. That is quite enough already. Some of you definitely need to stop passing judgement on the guy posting the initial series of questions. Granted, questions of this type have been posted before. Then again, so has everything else. Should we lock the entire board and force users to use the search button or do a Google search? Of course not. His questions are valid and no one should even assume that the questions of financial compensation indicate that the person doesn't care about the profession.

If you don't feel the need to foster discussion, then click the back button. There are more than thirty other threads. You can pick one you like or even start your own. The namecalling, sarcasm, posting of insulting pictures, and other childish behaviorlike this has to stop.

Why did the voice of my 2nd grade teacher just flash through my mind...who starts a post off with "Really now." :laugh:

Cute tho. :)
 
Ibanking at Harvard/Stanford is not nearly that competitive and I do know people who've been able to get into both med school and get offers from banks and they do not have any connections to industry whatsoever. You're absolutely right that the thing about ibanking is that the difficulty of entry depends where you go. Now the eventual burnout rate from ibanking is many times higher than that from medical school, and few ibankers will ever reach the level that they will make 7/8 figures a year.

LADoc00 said:
YES! F-ing thank you. I cant believe how misinformed people are when they say just get an ibanking gig like they are handed out like coupons on every college campus in the US. First off, Ibanking only recruits at a very select number of campuses and even at the Harvard-Stanford level is only accepting 10% of applicants! There are like 3+ rounds of interviews. Let alone most that get these have crazy connections in the industry. No one is sitting around with an acceptance to medical school AND a ibanking offer to be able to have that choice, or at least no one Ive ever heard of.
 
Money isn't everything... Don't get me wrong, it's pretty freakin important, just not everything. Case in point, my little brother makes a six-figure salary with a large multinational company. His future earnings will probably continue to rise (based on salaries of his superiors). My little sister is on a path to the same salary. They are both engineers. And... they are both dissatisfied with their careers, feeling they are not doing anything "significant." My brother is 5 years out of college and my sister 1 year out. Why do I mention all of this? Because both of my siblings are in the process of applying to medical school (no pressure from me).

Incidentally, a former medical school classmate of mine was in Ibanking before medical school. He worked for Goldman-Sachs in NY. For him, the $$$ he was earning and would earn as an Ibanker was not worth the hard hours and lack of fulfillment in his career.

Just MHO,
GammaRay
 
i agree that those who got into medical school could probably have gotten into a top ibank job. i went to an undergrad with a highly ranked bschool, and i have at least 5 friends who ended up going into finance (2 of them being premed drop outs). all 5 now make over 180k, 1 makes nearly 400k... all of them are 27yrs old and moved from ibanking to private equity/vc/etc. the 'burnout issue' of ibanking is overrated .. most ended up moving on to another just as lucrative field with better hours. if they do stay in banking, then they are making huge bucks.. cuz that means they're up to managing director or similar. anyways, these guys all had lower gpas than i did and many of the people i knew who ended up getting into mid-range medical schools. you may argue that the skillset is different.. but come interview time, all these guys did were memorize a bunch of interview type questions/scernios which are common knowledge to those in finance. easily, if money is what u want, do finance... don't let them fool you that getting a banking job is that difficult or you'll burnout or have less stability etc than medicine.
 
erasable said:
I apologize that this post is similar to my original post, but I am really curious about the statistics for *specialties*.
1. Which specialties are the BEST paying by *hour*?
2. Which specialties are the BEST paying by *year*?
3. Which specialties has the least hours/emergency/night calls?
4. Is there any website that list these kind of statistics?

Thanks!!!

1. derm, cards, GI, may be EM
2. sports medicine - orthopedics
3.derm
4. yeah, on the internet

don't listen to others who make jokes about FP. You should just do what you think is best for you, not what others think is best for their pocketbook.

dulce
 
LADoc00 said:
I caught a few local family med docs in their "backroom":
tycoon.jpg


Look at the happy expression of those lil guys, family med for the win.

here is the FM program director at Duke:
DarthVaderBabeMagnet.jpg


FEEL THE POWER!


The girl in red......is kinda hot!
 
You're absolutely right. However, finance is less stable than medicine. When the economy is good (as it is now), there is plenty of opportunity, but when it's bad, then there are often massive layoffs. The thing is, Wall Street has a move up or move out culture and is structured like a pyramid. There are not that many Managing Director level jobs to go around. I know plenty of middle-aged people who cannot move up to the next higher job, yet are "overqualified" for jobs that are lower on the ladder. On the other hand, there are also people that are multimillionaires by 38 and retire early. It depends on work, personality, and, quite frankly, luck.

I found this article interesting: http://www.nytimes.com/2006/06/11/b...08cc79fc844603&ei=5088&partner=rssnyt&emc=rss

socks123 said:
i agree that those who got into medical school could probably have gotten into a top ibank job. i went to an undergrad with a highly ranked bschool, and i have at least 5 friends who ended up going into finance (2 of them being premed drop outs). all 5 now make over 180k, 1 makes nearly 400k... all of them are 27yrs old and moved from ibanking to private equity/vc/etc. the 'burnout issue' of ibanking is overrated .. most ended up moving on to another just as lucrative field with better hours. if they do stay in banking, then they are making huge bucks.. cuz that means they're up to managing director or similar. anyways, these guys all had lower gpas than i did and many of the people i knew who ended up getting into mid-range medical schools. you may argue that the skillset is different.. but come interview time, all these guys did were memorize a bunch of interview type questions/scernios which are common knowledge to those in finance. easily, if money is what u want, do finance... don't let them fool you that getting a banking job is that difficult or you'll burnout or have less stability etc than medicine.
 
Gabujabu said:
You're absolutely right. However, finance is less stable than medicine. When the economy is good (as it is now), there is plenty of opportunity, but when it's bad, then there are often massive layoffs. The thing is, Wall Street has a move up or move out culture and is structured like a pyramid. There are not that many Managing Director level jobs to go around. I know plenty of middle-aged people who cannot move up to the next higher job, yet are "overqualified" for jobs that are lower on the ladder. On the other hand, there are also people that are multimillionaires by 38 and retire early. It depends on work, personality, and, quite frankly, luck.

I found this article interesting: http://www.nytimes.com/2006/06/11/b...08cc79fc844603&ei=5088&partner=rssnyt&emc=rss

The economy is "good"....?????...i think its "recovering" is more like it......
 
SimulD said:
It's harder to get an analyst position at Goldman Sachs/Lehman/Bear Stearns then it is to get into medical school. It is harder to get a private equity postion at KKR/Dearborn Madison/GTCR then it is to get into medical school. It is harder to get an entry level consulting job at McKinsey/Bain/BCG then it is to get into medical school.

Don't kid yourself. I know these are "mere facts", but frankly speaking, if you get into medical school and go into: rads, gas, derm, rad onc, path, cards, gi, optho, ENT, urology, you will be better off then 90% of the population financially, and probably happier than most people in general. All you people who say "go get a job on wall street" probably haven't tried it.

A McKinsey job interview (I've been on 2 out of the 3 interviews) is more grueling than any medical school or residency interview you can imagine. You can't fake it, and you can't get by on legacy or affirmative action or good test scores or being a nice guy or whatever. Their standards are so high.

I matched in a competitive specialty (rad-onc) at a good medical center (Pitt), and it was much easier than getting a job at a top management consulting firm or an analyst position at an I-Bank. Trust me - I thought I had a year off coming up so I applied to these jobs, no luck whatsoever.

Unfortunately or fortunately depending on perspective, being a physician is still a heck of a way to do better than most people, financially, in the US. I can't guarantee you will like your job, but you will make more than my mom and dad combined ... in your first year out of residency.

-S

Not true. Coming out of an Ivy League school, it is quite easy to land a job at a top I-banking firm or Consulting firm. It is much harder to get into a top medical school. But to be fair, the entry-level bankers work like slaves (extremely well-paid slaves) without the job security doctors currently enjoy.
 
It depends upon your school, whom you know, and what you did for your summers in college.
It is NOT quite easy to get the Goldman or CSFB job out of Ivy league school.
It depends upon the department/division, your entry status, if you interned, etc/
Now, moving up is the trick. It is easier to move up in Medicine than business. I did both - and if you publish, win awards etc in Medicine, it's easier to move up the academic ladder. IB depends on the economy. 5 years ago my closest friends were sweating bullits with the layoffs at CSFB.

So - there is no correct answer. Unless we have data, and correct the variables, it really depends.
This thread is just an opinion - nothing to back any of us up, except our "case" reports.
Oh - and they are NOT extremely well-paid slaves. Some are, but many are not.

I digress. This was about best paying DR jobs. Hmmmm. DOn't know, don't care. I will tell you from banking, the Drs I saw with best income strictly from medicine were Ophtho and PM&R (over Plastics, Ortho and ENT) - but this was only based on my clients/ It varies/.
Play the lotto. Marry rich. Invent something. Do something produtive, and not waste time reading my stupid, procrastinating late night thread.
What in the hell am I doing on this thread at this time?
:sleep:

HA123 said:
Not true. Coming out of an Ivy League school, it is quite easy to land a job at a top I-banking firm or Consulting firm. It is much harder to get into a top medical school. But to be fair, the entry-level bankers work like slaves (extremely well-paid slaves) without the job security doctors currently enjoy.
 
Jocomama said:
It depends upon your school, whom you know, and what you did for your summers in college.
It is NOT quite easy to get the Goldman or CSFB job out of Ivy league school.

:) I oversimplified things. You are correct, my comments were only "case reports" based on myself and friends. But in my and my friends experience, it was easier to get a job at Goldman, CSFB, Deutsche Bank etc than to get into an elite medical school. We can agree that applicants accepted to any of these institutions are exceptional. I was mainly disagreeing with the other poster's statement that it's easier to get into medical school than an elite banking or consulting firm. If that comparison is to be made, it can only involve the most selective medical schools. Obviously it would be easier to get into any medical school than to be hired by Goldman etc. Just as it would be easier to join Schmo Investments, Inc. than get into HMS.
 
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