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Depends. I know a few high six and low seven figure psychiatrists. It is one of the last fields with real business potentialBecause you don't make near as much money as those other ones plus PROAD isn't a word
Rads has also decreased in competitiveness and compensation over the last handful of years. "ROAD" is just an old acronym that doesn't quite hold true... well, maybe except for the dermatology part.ROAD isn't relevant anymore. Anesthesiology isn't a road to happiness like it was 10 years ago, it's a road to being owned by management, forced to take on more risk overseeing CRNAs, and fixed incomes with less schedule control, not to mention high risk work. Ophthalmology is saturated in the desirable areas of the country.
Psychiatry is, in my experience thus far, part of the rising specialties that really do fit the bill for best work-life-income balance.
There is a very good chance during our careers, whether it's a good thing or not, that we are going to move towards some sort of government healthcare system, and there is a very good chance that such a system would either implicitly or explicitly hostile towards private practice psychiatry models
I haven't read the whole thread, but it's pretty obvious why psych isn't part of ROAD, no matter how crappy that acronym is these days. It isn't glamorous, it isn't the highest paid (although I think most physician compensation, or any income past 6 figures tends to be pretty decent), and you only like it if you like it.
I can imagine punching the clock in a lot of specialties, like anesthesia, medicine, derm, surgery, etc etc. Psych is emotionally challenging in a way that most people are just not built for, if you ask me. I absolutely understand why it's typically been treated as its own entity in the whole field of medicine. Not for the derogatory reasons that can come up, but it's special.
Good points here.
Pondering on it some more, you can teach pretty much all med students how to interpret lab values and use a scalpel. You cannot teach everyone how to be empathetic with crazy people and many wouldn't want to anyway. So we are on the fringe. We enter medical school to explore, to discover where our interests and passions lie. We focus on white coats and scrubs, what those roles expect us to expect. I had to warm up to psychiatry, like so many. It was a world that, at first, seemed a bit bizarre, frightening, difficult to digest. Then I began to realize an oasis of fascination and interest, that I was very effective at it, and being rather effective really grabbed me. But we are the fringe, not quite classic medicine, not psychology, somewhere in the curious middle.