<p>I know, but what about the people that choose to leave IB for reasons such as lifestyle, etc? Most people seem to choose to leave IB after a stint as an associate or analyst. </p>
<p>Also, between IB and medicine, the obvious choice is medicine for me for various reasons (providing a service to the community, money, lifestyle), but I am many wondering are there any occupations that pay better than medicine that do not involve a lifestyle that will shorten your life? </p>
<p>I was reading some of the posts, and it seems that a couple of posters are under the impression i-banking involves golfing with clients, leaving work for your associates, and light hours. I-banking is probably the one of the most terrible occupations in America, high stress, insane hours (80-100 hours a week), and abuse. The only reason to do i-banking is for money and perhaps the elusive, supposedly high-paying exit opportunities people keep talking about but never specifying.</p>
<p>eh, i don't think management consulting would pay as well as IB or even dermatology for that matter. anything with a bit more quantitative focus that still pays well enough to beat physicans in derm or radiology? i know sales and trading can probably beat it, but is there anything else? sales and trading really appeals to me, but chances are i might not be able to get it.</p>
<p>any chance that management consulting would value math skills or bio knowledge? =p</p>
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This is very rarely from the actual practice of medicine. Generally physicians who take home more than $400K are involved in an enterprise of some kind -- owning and managing a surgery center, for example. The only exception I can think of would be cosmetic plastics.</p>
<p>Besides, it's never reasonable to cite "can make" as your standard. If you want to play THAT game, some businessmen "can make" $1,000,000,000+.</p>
<p>FM, the field you're looking for is clearly private equity. It's obviously a very selective field. And while consulting AT FIRST doesn't pay as much as dermatology EVENTUALLY will, that's a poor comparison. You should either compare initial salaries or eventual salaries; not an initial to an eventual.</p>
<p>What you should really do, frankly, is look at net present values. But since that doesn't seem to have convinced you, we'll try this instead.</p>
<p>Hmm, you are right so what do people that chose to be consultants, ibankers, etc initially eventually earn? </p>
<p>Most of these jobs are 2 years stints. Do these people earn comparable wages after their MBA? Consulting and ib are high paying, but most will quit as analyst and associates, which is only around 200k-300k max.</p>
<p>Salary.com tells you what the averages are. So you take what they start at, and you take the average, and you use that to calculate the eventual. Or, alternatively, you just compare the averages among both professions and discount them for time cost.</p>
<p>And of course they don't earn comparable salaries after they get their MBA. If they did, why would they go get the MBA? Obviously they make a great deal more in whatever jobs they end up in.</p>
<p>Care to refute my arguments? That is generally how a discussion works.</p>
<p>I really feel that, for the most part, the most high paying jobs in business do shave away your life . The ROAD medical careers are great way to make money and still have time to enjoy your life.</p>
<p>We shouldn't hide from this fact that there is money in medecine, and I don't see why so many people are critical in this forum about medecine's money making potential.</p>
<p>I was also considering becoming an investment banker at one point. right now I am focusing on medicane and am determined to become a plastic surgeon. My dream would be to set up a practice in southern california. however, I would like to know if there is still time to spend with the family if you're a surgeon? I would like to be involoved with my wife and kids so this is an issue with me. I dont want to be the guy who neglects his family and tears it apart. Another important question I have is regarding investment banking. Do most IBs major in business? Because I plan on majoring in business then going to medical school. However, If somehow I do not get accepted can I fall back on to investment banking? Basically have the best of both worlds and see where fate takes me. Opinions please???</p>
<p>1.) Plastics should afford you plenty of time, but the stereotype is that the time doesn't seem to help: their divorce rates, etc. turn out pretty high. I do NOT have numbers to support this; this is simply the stereotype. I don't know how much of this is generated by the show Nip/Tuck.</p>
<p>2.) IB paths can revolve around any of a number of majors, but the important thing is to demonstrate strong quantitative skills. Math and engineering majors do quite well for themselves in this process.</p>
<p>3.) Usually trying to have your cake and eat it too isn't the best idea. Medical schools favor liberal-arts curricula, and business may or may not qualify.</p>
<p>so business may not boat well with admissions? Business is not something that I have my heart set on, basically I thought it would be a smart idea. Im just keeping my options open right now and havent decided on a major</p>
<p>O and btw im new to the boards and i have seen you are quite knowledeable in the medical field. Are you currently in med school?</p>
<p>No, engineering does not seem pose the same problems, for reasons that are unclear to me. About twenty or thirty years ago, engineering posed major difficulties, but this does not seem to be the case any longer.</p>
<p>My suspicion is that engineering, while not technically arts and sciences, really does resemble the other sciences closely enough that it turned out not to be a problem.</p>
<p>
[quote]
so business may not boat well with admissions?
<p>sorry i will clarify, Blue Devil mike you said " Medical schools favor liberal-arts curricula, and business may or may not qualify" What do you mean business may not qualify? if i take the required course work for pre med and major in business there is nothing wrong with that right? It wont put me at a disadvantage, I am concluding this from reading your thread "what to major in"</p>
<p>1.) You'll notice that that thread does NOT discuss business majors. Its categories are all in the liberal arts. "Your major does not matter" obviously only applies to the majors that are discussed in that thread. The key is not that your major doesn't matter; it's that no particular major is better than another. Obviously, they're better than no major at all, for example.</p>
<p>2.) Depending on the business curriculum, some of them may or may not have a liberal-arts-enough emphasis to convince schools that you have a complete undergraduate education. I do not know what specifically is being sought and cannot speak to this -- I simply mean to inject some uncertainty into the discussion.</p>
<p>If you were choosing between Physics and English, I would tell you decisively that you should pick whichever one you enjoy more.</p>
<p>When it comes to business or other vocational majors, the answer is that I am no longer certain of this.</p>
<p>ok I see what you mean now. It seems that I would be better of in a science major or liberal art major. The last thing I want is any controversy with my major choice. BlueDevilmike my main objective is to achieve a high GPA, is there one particular science subject that seems to be easier then the others? or is this completly vary on the persons strength and weakness?</p>
<p>So long as you're in one of the categories discussed in that thread, the advantages and disadvantages all seem to cancel out. Do whatever you're interested in.</p>