- Joined
- Feb 21, 2005
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Hey everyone.
I am having an internal debate as to which type of residency program would make me more money in the long run. A smaller "lower tier" program with good moonlighting opportunities, without a big name, or a better known program in a location that will cost more in rent. Specifically, I'm going into psychiatry, but I really think this question applies to most fields. I'm in the southeast, and am overall a competitive appicant in psych. My question financially is what matters in the long run? The bigger names in my field are often in cities where the cost of living is higher, and lately I am wondering if it's worth it. I know that in the end I'll probably just rank my programs by how much I like them, but I do wonder....should I stay at my home program (which I do like lots), where the cost of living is cheaper, or go away and be more broke in the big city?
Anyone have real life-hindsight on this issue? Specifically, do you think the bigger named programs really opened doors for you financially?
I am having an internal debate as to which type of residency program would make me more money in the long run. A smaller "lower tier" program with good moonlighting opportunities, without a big name, or a better known program in a location that will cost more in rent. Specifically, I'm going into psychiatry, but I really think this question applies to most fields. I'm in the southeast, and am overall a competitive appicant in psych. My question financially is what matters in the long run? The bigger names in my field are often in cities where the cost of living is higher, and lately I am wondering if it's worth it. I know that in the end I'll probably just rank my programs by how much I like them, but I do wonder....should I stay at my home program (which I do like lots), where the cost of living is cheaper, or go away and be more broke in the big city?
Anyone have real life-hindsight on this issue? Specifically, do you think the bigger named programs really opened doors for you financially?