<p>perhaps there are easier ways to attain wealth. but being a doctor is one of the easiest ways for regular people to make a stable, six figure salary. why doesn’t the immigrant from india with an md just become an ibanker, right? why doesn’t the kid from random midwest state school just become an ibanker? what people like inpursuit and acceptd don’t realize is that it’s not that easy to “do what you love to do.” medicine is one of the few careers that offers wealth and prestige to regular people in america.</p>
<p>i forgot how easy the mcats/getting into a US med school is. Thanks for reminding me MolSysBio.</p>
<p>pretty easy if you’re not a complete dumbass. no problem.</p>
<p>Acceptd, Lets hear your methods for attaining wealth.</p>
<p>Lawyers make on average under 200k.
Nothing else comes close.
Pilots at around 150k, Researcher lol… under 100k. </p>
<p>The only thing that comes to mind is a MBA in finance, for IBanking. Unfortunately, the hour to pay ratio compared to those of a radiologist is still lower. I actually believe Medicine to be the best hour to pay job. 500k is great… until you realize its 100 hours a week. If radiologist worked 100 hours a week, they’d pull off 600k if their salary grew proportional to their hours. Neurosurgeon can possible bank 750k or maybe 1mil.</p>
<p>So basically it boils down to lottery, or starting another “facebook2.”</p>
<p>Both easy. Both unlikely.</p>
<p>Do medicine for money kids. This is the best way to become a multimillionaire in this lifetime.</p>
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<p>this is painfully moronic</p>
<p>you’re basically saying “if you ignore the biggest and most glaring problem with the US system, the lack of access to healthcare for 40 million people, then the system will be better”</p>
<p>also those 40 million uninsured are precisely the ones that are currently driving up the costs by using expensive uncompensated care in the ER</p>
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<p>Assuming this is true(which of course, it isn’t), I am relieved to know you will not be making it into medical school.</p>
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</p>
<p>[bizjournals:</a> Highest hourly pay](<a href=“http://www.bizjournals.com/edit_special_docs/37/hourly_pay.html]bizjournals:”>http://www.bizjournals.com/edit_special_docs/37/hourly_pay.html)</p>
<p>By the way, I-bankers average 70hr weeks, not 100 and if you get into medicine just for money you will be miserable.</p>
<p>CCer, honestly, do you have friends? Has a woman ever found you attractive?</p>
<p>I have this sneaking suspicion you have a terrible life.</p>
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<p>Yawn. We’ve had this discussion several times by now.</p>
<hr>
<p>From: <a href=“http://talk.collegeconfidential.com/careers-medicine/74417-career-medicine-really-worth-9.html[/url]”>http://talk.collegeconfidential.com/careers-medicine/74417-career-medicine-really-worth-9.html</a></p>
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</p>
<hr>
<p>From: <a href=“http://talk.collegeconfidential.com/pre-med-topics/733130-mcat-scores-advice.html[/url]”>http://talk.collegeconfidential.com/pre-med-topics/733130-mcat-scores-advice.html</a></p>
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<p><a href=“http://www.nytimes.com/2007/05/12/business/12money.html[/url]”>http://www.nytimes.com/2007/05/12/business/12money.html</a></p>
<hr>
<p>From <a href=“http://talk.collegeconfidential.com/4819763-post38.html[/url]”>http://talk.collegeconfidential.com/4819763-post38.html</a></p>
<p>Net Present Value of TOTAL Lifetime Earnings:</p>
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</p>
<p>And for those who will complain about net present value, definition here:
<a href=“http://en.wikipedia.org/wiki/Net_present_value[/url]”>http://en.wikipedia.org/wiki/Net_present_value</a></p>
<p>Accetpd I agree, MolSysBio HAVE YOU gotten into 1 Medical School? If you haven’t DON’T go around making comemnts like “pretty easy [to get into medical school] if you’re not a complete dumbass. no problem.”</p>
<p>Tip of the hat to InPursuit. Keep up the good work in fighting the OP’s ignorance. I would help out but I’m a little busy these days.</p>
<p>I wonder if CC’er is being serious. Maybe the joke’s on us and he’s actually doing this as social satire. Yea… it must be.
- He doesn’t want us to help other people because they’re poor.
- He’s racist.
- He makes huge generalizations about what motivates people across the world like he’s some kind of psychologist all of a sudden.</p>
<p>What really disturbs me is the notion that some of the people on here can’t even conceive that human beings would be willing to reach out and help another suffering human being. Just because their morals have decayed they project this perverse view on humanity. It’s actually quite scary. Someone should study these people.</p>
<p>Well, I hope he’s joking because he’s going to get really depressed one day after realizing that money isn’t everything. Have fun with your money fetish.</p>
<p>
I was post #71, and no I was not agreeing with you.</p>
<p>I have no friends. you guys are my best friends. lol</p>
<p>Im tired of this “do it because you love it” theme. I really hope you guys go into OB/GYN and get your asses sued (only to find out you can’t afford the settlement because you took the lower paying job to help the poor) and be happy because you guys “love helping people.” You kids arent fooling anyone.</p>
<p>Again, I think you missed the entire point everyone was trying to make. If it takes you this long to understand then, truely, good luck to you.</p>
<p>The reason we wouldn’t wan’t to commit suicide at the thought of a law suit is because we measure personal worth and happiness with things other than our incomes. If one petty lawsuit would make you reconsider your career… just wow. I think I need not say more.</p>
<p>P.S. There’s a thing called insurance. Go read up on it.</p>
<p>Just wow… good luck in life man. Really, I hope you figure out that medicine isn’t for you, move on, and stop ■■■■■■■■ here.</p>
<p>Question. If you are bagging on becoming a doctor so much, why are you here?</p>
<p>CC’er, if i wanted money, medicine would be the absolute last profession i would choose. good plumbers can make more money than physicians. i’m gonna be half a mill in the hole from college and med school, and will make between $30-$50k for my 1st 4 years as a resident. YIPPEE!! SO MUCH MONEY!</p>
<p>oh, and then when i finally make between $100k-300K per year, i have those college debts to pay off. and rent on a practice to pay. and malpractice insurance. and the salaries of my employees. and my house. and my car. and provide for my family. maybe after that i’ll have enough money to save for retirement.</p>
<p>the reason i’m going to become a physician is because i’ve never seen myself doing anything else, and medicine is what i love. trust me, i wish this wasn’t the case because the amount of time and work and money and energy put in is so stressful. however, i wouldn’t have it any other way because even though i won’t be making all that much, i’ll go to work every day with a smile on my face, and that’s better than being miserable at a job i hate for the rest of my life.</p>
<ol>
<li>Most malprac insurances cover up to 1million/3million per year. 1 law suit and lets see what portion of your pay check is gone. If suit is over 1mil, your done.</li>
</ol>
<p>2.^^^ does a plumber really make 300k+? I know average radiologists do. Everyone has to pay mortgages on house, car payments. I dont understand your logic. You dont plan on paying for your car and house if you are a plumber?</p>
<p>um, yea, most also don’t pay for a practice and to employ a staff. and are u saying that malpractice insurance is free? u can pay anywhere from $15k-$100k per year depending on your location and specialty. and yes, plumbers do make an excellent living. maybe u should consider it.</p>
<p>Plumbers don’t make 300K, but they don’t have to spend 12 years in training (while they make 80K per year) and pay $160K in tuition. And those 12 years are the most valuable earning years, since that money can be invested. And when they do start earning money, they pay lower taxes.</p>
<p>So a plumber who earns 80K per year can start investing it right away, recoup those gains, and pay only (say) 25% in taxes. He keeps 60K per year, which grows at 7% interest. The medical student has to go to college and medical school; he’s paying loans which grow at 7% interest. When he finally starts earning income, he has to pay those off first, yes, and he also gets taxed at 50%. So the plumber has more working years, pays lower taxes on those years, and can start saving (and earning interest) right away. The doctor has the virtue of the higher income, but that gets cancelled out by the fewer years, lower interest, and higher taxes.</p>
<p>I found some interesting numbers recently. CC’er has mentioned that one study claims that 20% of doctors said they would quit if health care reform went into effect. Well, according to a 2008 survey, if things stay the same that number is 24%. <a href=“http://www.physiciansfoundations.org/usr_doc/PF_Survey_Report.pdf[/url]”>http://www.physiciansfoundations.org/usr_doc/PF_Survey_Report.pdf</a></p>
<p>It also points out some other alarming trends in medicine. Certainly, things cannot stay the same.</p>
<p>Interesting, as much as pilots make an hour, they can only work so much in a year. Physicians still make the most annually. </p>
<p>Blue devil mike, your forgetting just 1 little aspect: financial aid.</p>
<p>In addition, the rates for loans are ridiculously low currently. There is no way in hell a 200k loan is going at 7% annually. </p>
<p>Besides, why not borrow cash from parents at a 0.0000000000000000000001% APR and pay them back when you bank 330k a year from radiology?</p>
<p>Malpractice insurance varies from state to state. A 105k malpractice insurance rate can be by passed by moving to another state. </p>
<p><a href=“http://mdsalaries.blogspot.com/2007/10/states-with-highest-lowest-malpractice.html[/url]”>http://mdsalaries.blogspot.com/2007/10/states-with-highest-lowest-malpractice.html</a></p>
<p>OB/GYN malpractice insurance ran up to 270k plus in Dade county.
Yet the same insurance only went for 17k in another state. Malpractice insurance is a non-issue. That just leaves the 28% salary tax. Considering how much 330k is (even after 28%), the 20-30k you spend on malpractice insurance is barely noticeable.</p>
<p>To inpursuit: Do you honestly believe physician salaries will not decrease if UHC is passed? Who the hell plans to become a family doctor (least affected by UHC)? No, everyone plans to specialize(most likely to get salaries severely cut).</p>