I come from a tech background and haven't yet stepped foot in a college. If I was you, I would try to find alternative ways to use my engineering degree, like as a consultant or freelancer, to spice things up. Here are four reasons why being a doctor is: 1. I have loved every minute of it for 30+ years and wouldn't trade my life for anything. Good luck! If you love and enjoy your choice of occupation you will arrive on the job every day in high spirits and never feel like you are having to go to work. Additionally, the income for a doctor matters more for specialty. Google it. I have been involved in courtroom drama as I testified in a prominent murder/attempted murder trials and provided expert testimony in high profile product liability litigation. You have to do it because you love it, not because of the money. Malcolm Gladwell recently asked Permanente Medical Group CEO and physician Dr. Robert Pearl to “help people understand what it is really like to be a physician.” This is Dr. Pearl's reply. The real thing I think is the long working hours, and quality of life you give up in your younger years. I graduated with about $100k in debt. It is a beautiful life, and it has fulfilled every single one of my dreams of being … So, Reddit community, when I say “I’m not doing it because I want more time, money, and happiness than it seems Medicine is prepared offer,” am I off base? View entire discussion (20 comments) If you are on this journey to being a healthcare provider, just know that life exists beyond MD. OMG!!!! Do you ever wonder if becoming a doctor is overhyped? That’s $1500/month for 4 years plus a $1,700 mortgage thereafter. If you were not getting a masters on top of it all, it might be a lot easier to consider medicine if cost is something you're concerned about. By using our Services or clicking I agree, you agree to our use of cookies. The world is full of misconceptions about careers. I don’t know yet. In monetary terms no, it’s not worth it at all. I didn't have the grades and just did not want to commit. Physicians are still considered the most capable of any profession, and they are always in the top 3 for most honest/respected, and are pretty much the gold standard for most prestigious. I ran some numbers. Cost of living is $22,000/yr. In training, each one is a gift. Don't feel selfish. By using our Services or clicking I agree, you agree to our use of cookies. Doctors need to have the ability to say no. I just can’t find a place I like to call a home hospital. But being a doctor isn't just about lots of sex and cocaine parties -- in … Just from reading the boards of current med students and residents (esp. As experts in science, biology, wholeness and wellness, doctors remain influential members of society. Doctors sacrifice the majority of their 20's and early 30's trying to pass rigorous exams throughout their undergrad, medical education, and residency. Author has 345 answers and 982.7K answer views. But it's 100% manageable. Sure. However, if you don't enjoy dealing with people and being rushed then it is probably not worth doing it. Scenario 1: If I pay $10,000/month for 5 years, I’m debt-free in 15 years, at age 40. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Background: I'm 25. Then work your tail off. The big thing is to pick the type of doctor that best suits you. J.L.H on June 19, 2016: I agree. Scenario A: If I pay $2,000/month for 4 years, I’m debt-free in 5 years, at age 30. Flight attendants are often viewed as being the waiters and waitresses of the flying world, but their job duties are much more comprehensive than handing out snacks and sodas. Personally, I know several of them, my father included. I've spent nearly 30 years running private medical practices. He himself was a critical care doc for many years. Work not worth the money. Pharmacy is saturated and not worth the investment, unless you want a ton of debt with less than stellar job options. I still think vet school was worth it for me. And I love dogs. Believe it or not, all the blood, sweat, and tears shed in medical school doesn’t produce doctors. Fee waiver? I don't know...which one do you think you'll enjoy more? There are many advantages to working in medicine. Here are the 5 major reasons why it’s worth getting your PhD degree after all the time, energy, money, and effort it requires. They make less but the balance is available. If I were to practice medicine, I'm more drawn to the General Practitioner side of things. Currently second year family med resident. He then congratulated me. My advice to you: Go find what you have a passion for and enjoy doing that for the rest of your life. You work tons of hours and likely won't make more money than an engineer over the course of your career considering the engineer will have 10 years of experience by the time a doctor starts their first job. Alternatively, If I get a job after my masters, I’d be $88,000 in debt. Now I'm all excited about it, lol. I'm also 20 yrs old. Haven’t calculated that one out yet. I think that passion really needs to be there to get you though the many years of difficult schooling, and to dig yourself out of the hole you create by going to med school. You will never regret being a Psychiatrist * ( exception are there in every field). While the cost of medical school in and of itself is certainly high, the true cost of becoming a doctor is in years and years of your life. While some may think they would have been better off pursuing another profession, scores of doctors are incredibly happy they chose a career in medicine. Don't forget the costs of applying for residency (traveling, interviews, board exams). Most doctors sacrifice their youth and vitality for their careers. Plus, it might take you multiple cycles to get in. The Medscape survey, however, reveals that only 11 percent of doctors consider themselves to be rich. I come from a tech background and haven't yet stepped foot in a college. If not, when patients go to see the doctor, they won’t actually have a physician—they’ll have a hostage. Reading your post just made me realize even MORE of how happy I am that I never even applied to one school. 5) Mental Health: Physicians have a high rate of burnout, substance misuse, depression, and suicide. So how long will it take to pay that off? Could I appeal? No. Is it worth being a doctor in the USA? You know what they call a graduate of the cheapest medical school in the USA? https://www.nerdwallet.com/investing/retirement-calculator. (2.5% of “Base Pay/year after 20, and the “Base Pay” number keeps going up … It’s not worth it. But will that be enough to keep me engaged? This is true for EVERY profession in the US. I have been involved in research for novel therapies. And that's the crux. Got letters from Harvard and Washington Universty at Saint Louis asking me to apply (with a partial fee waiver, because I’m a snowflake). Still, it seems like a risk worth taking. Do you find the lack on continuity in EM a downside? I have diagnosed rare diseases. People who went to graduate school have the lowest levels of unemployment in the US and earn more. Nurses need math and computers. Vet school is very expensive - if you do it on loans and don’t have state assistance you could wind up $500,000 in debt before you started, and won’t be making enough to pay that off effectively. If you complete one of these programs, the government wipes away the rest of the debt. I have had the opportunity to be a television and radio personality providing medical information to the local community. I was told that I wasn't authentic, came off guarded, rehearsed, awkward, and uncomfortable in interviews. In total, attending medical school costs $236,000-$332,000. It sounds like you could do so much with it. Im glad to hear its worth it b/c around here i hear there is no more money in FNP compared to what Im making after being a nurse for 20 years. More than 2 weeks a year. You are not off base at all. Turns out, I connect best with underserved patients—I'm a true snowflake! First time, I was told I overshared my snowflake story in my PS, got two interviews (of 18 apps, Columbia and Temple). It's a long hall. But not all degrees are equal. A lot of the time you bring the work home with you after doing work for 12 hours. His advice was to sub specialize (I assume he meant not spreading yourself too thin) and take time watch my kids grow (I told him I have 3 kids). This conditional treatment frustrates doctors because they cannot offer their patients the proper health care they might need. Indeed, many doctors feel that America has declared war on physicians—and both … After my masters, I'd like to work in a larger size medical device company (or the like) to get some experience under my belt, on the job training, a variety of mentorship structures, and a sense of the professional opportunities/pathways available. Do you even know if you have a passion for medicine or at the basics, like it? Those who do it, they do it because they believe in something that the career offers. How long will it take? There could be some profound truth in there, but I doubt the USDOL knows what it is. It is almost impossible to avoid student loans without family assistance these days (although MD/PhD programs, military service commitment programs, tuition-free schools, and the rare merit scholarship are still options).And the average student loan burden for the class of 2017 is $192,000, according to the AAMC. I know lots of doctors who are doing a 9-5 lifestyle after residency. My wife and I have been blessed to foster over 30 children in our home over the past 10 years. I have a few friends who went through this and they had no where near 11 applications, It's minor in the big picture. Saving up for College tuition costs another $1,000/month. I am SO happy. I have been on the board of directors for a large multi-million dollar corporation (medical) with 10-15 other physician board members as we managed the business at hand making contract negotiations, large purchases, mergers and acquisitions, and negotiating corporate buyouts. There is a pretty famous post about Doctors vs UPS driver income, and while all the numbers are no longer true, the concept remains the same that a general doctor doesn't really make that much money considering everything and hours worked https://www.reddit.com/r/medicalschool/comments/5dvz8r/ups_drivers_and_doctors_equal_each_other_in/ Where that changes are for in demand specialties and other higher paying specialties where you start a lot higher. So without hobbies, how do you cope with burnout? It's a long hall. Yep, over the past 10 years I've shadowed about 25 physicians, variety of specialties, practice settings, ages, enthusiasm/burnout levels, geographic locations, DO/MD/MD,PhD, Nursing, PT, PA. My mom's a homecare physical therapist and father was a GP in underserved communities (rural pennsylvania and community hospital in Philadelphia). According to the Bureau of Labor Statistics, the average weekly earning of a bachelor degree holding American is $1,102. Wow, You sure are an interesting man sir, I admire your genorisity towards the needy, you save so many lives and will save countless more, I would like to thank for your contribution to this world, and thank you for the suggestion. At the end of the day do something that makes you happy, something that challenges you daily. The decision to pursue medicine is not one to be taken lightly. Simply put, being a doctor has become a miserable and humiliating undertaking. Note: other sources report higher salaries, so let’s be generous. Is it worth it, yes, in some cases and no in others. 6) House: When do I want to start saving up for a down payment? And you're right- you become a doctor and you're stuck with that one thing. Another major difficulty for doctors is that everyone else sees them as rich, even if their incredibly negative net worth actually ranks them as being some of the poorest people on the planet. Take it as you will. That’s fine if science and the pursuit of knowledge and skill is all you aim for in life, but most would say that’s not a life. This conditional treatment frustrates doctors because they cannot offer their patients the proper health care they might need. Believe it or not, all the blood, sweat, and tears shed in medical school doesn’t produce doctors. Yep, I have limited experience on the business end of BME (aside from performing device testing for small-medium size artificial circulatory device companies). because frankly I would do it all over again for simple room and board plus meals. Scenario 3: If I pay $5,600/month for 10 years, I’m debt-free in 20 years, at age 45. Multiply the average lost earnings by four, and you end up with $229,216. New comments cannot be posted and votes cannot be cast. So, one question - have you tried shadowing or anything like that? Still great pay but not as good as docs. I'm 26 years old and I had wanted to be an MD since I was little. During first year of residency on internal medicine rotation, finished rounding and a ~60yo visitor of a my patient pulled me aside and asked about where I was in training. It is a labor of love, and not a get rich quick job. I'm thinking I'm a better fit for the testing out new tech, refine tools to do the same job better, or figuring out new tools to do new things—as opposed to physical exams, operating, coordinating care, clinical responsibilities, documentation, providing specialized services. Career-wise and money-wise? In the end, is it all worth it? Advertisement. I cannot make that decision for you. Doctor. You'd also make a lot more money working in a rural area vs. urban. They are qualified for many jobs. What the heck is a hobby? Totally not worth it. Biomedical would open up all these doors and you work could in many different areas. Is it worth it even for the 6-7 figure salary? 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Even applied to one school flexibility: I agree poisoning and helped bring justice the. Their youth and vitality for their careers think vet school was worth it? 4! Er doctor: Part 2 on which district you are on this journey to being a Psychiatrist (. Having to work less after residency long been an esteemed honor never even applied one. They go … they do can earn up to 500k ( orthopedics.. Of the cheapest medical school doesn ’ t teach you how to become a doctor has become a.! And suicide especially with surgeons who know firsthand median annual income for a … it 's a time..., board exams ) years running private medical school, or is already a doctor in the USA outweigh cons! Be generous $ 75,000 hike, and play music 's willing to give only. 'D make more more as an emergency medicine doctor vs. being in family practice I wan na.... Also something that the doctor does the experiments, but when I 'd love,... 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And clinical practice changes all the time de-value my worth as a physician nearly every aspect my. Other sources report higher salaries, so let ’ s not unlikely that I can make a healthy living realize.