many will definitely tell you yes, but there are quite a few doctors out there that are burnt out or made a mistake in being a doctor and are pidgeon-holed into being physician due to debt or lifestyle or other reasons. I know lots of doctors who are doing a 9-5 lifestyle after residency. Extended out over a year, this is $57,304 that would-be doctors are missing out on (on average) for at least their first four years of medical school. Is it worth it even for the 6-7 figure salary? 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. Then work your tail off. I don't know why some people say there is no prestige in it. You need to sit down and have a conversation with yourself on what you … For typical retirement ranks of a doc, it is worth about $56K/year at 20 years up to about $98K/year at 30 years. I get a lot of respect automatically from most people who know that I am a doctor and my wife is very proud of me, even though now that she knows some of my friends she has a more realistic view of what doctors are really like. I have seen society de-value my worth as a physician nearly every one of those years and control nearly every aspect of my practice. I strongly recommend basing life decisions on lazy Reddit posts. TLDR; Becoming a doctor costs a lot. How much will I have to save per month? 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. I absolutely LOVE medicine! I am becoming a doctor, I just wanted to know what others think, it won't affect my decision. Top marks: 520 MCAT (98th Percentile), 3.8 GPA, Cornell undergrad (2016), Good research: 5 Publications, 18 Abstracts, 3 years in biomedical engineering lab at UPenn (2016-2019). 4. I've applied to Med School twice before, but no dice. I've heard this a lot especially with surgeons. I have been a physician for over 30 years. I switched to wanting to be a PA, but when I graduated college I was still scared. If I go MD, I would be 33-37 at the end; (if MD/PhD, I’d be 37-41). If you truly enjoy the work, and teaching to the class, the hours are great. It is a beautiful life, and it has fulfilled every single one of my dreams of being … It's fine to think about retiring earlier, or later. People who went to graduate school have the lowest levels of unemployment in the US and earn more. The economy is so bad now. And they will continue to be the foremost authority on health and wellness for a … And with the regards to vacation...all my doctor friends get a month of vacation to start with + one week of either xmas/new years off. Most doctors sacrifice their youth and vitality for their careers. Be prepared to give not only of your medical skills, but also your emotional support as well,” Dr. Alton adds. 1. And from someone who is in medical school, or is already a doctor. I have had the opportunity to travel to distant third world countries and provide care as medical missionary. Your hobby will be medicine and your family for the next seven to eight years. I'm not sure what else to pursue that I can make a lot of money and like at the same time. 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. I think being famous is great but after I read these reasons and thought about it I suddenly realised that it wasn't for me. I’m not doing it because I want more time, money, and happiness than it seems Medicine is prepared offer,” am I off base? Yep, I have limited experience on the business end of BME (aside from performing device testing for small-medium size artificial circulatory device companies). Medical school tuition health insurance and fees is $37,000/yr (public medical school, in state)-$61,000/yr (private medical school). At my school, this is the class that they use to weed pre-meds out, so they force a curve resulting in 25% of the class failing, 25% not scoring above a C, etc. The twist: I’m going to grad school, a 1 year masters in biomedical engineering, Cornell (2019-2020). It is a labor of love, and not a get rich quick job. I went to two years of medical school and quit because it was sucking the life out of me. The real thing I think is the long working hours, and quality of life you give up in your younger years. Worth it $-wise when I'd love engineering, too? They don't make as much money as you think they do. Even more so if you don't have to take on too much debt. It all depends. You're not competitive for MD or PA school with that cGPA. I like weekends. And confided in me that looking back he can't remember experiencing his kids grow up and regrets it. Additionally, the income for a doctor matters more for specialty. People who went to graduate school have the lowest levels of unemployment in the US and earn more. It's not a particularly prudent financial decision, anyway. Don't get me wrong, I've done my research about the profession and am fully aware of it's pitfalls, and still definitely want to become a doctor, I just keep getting this feeling at the back of my mind that it's a massive sacrifice to make. I got to college and honestly- got scared. Don't get me wrong, I've done my research about the profession and am fully aware of it's pitfalls, and still definitely want to become a doctor, I just keep getting this feeling at the back of my mind that it's a massive sacrifice to make. Here are four reasons why being a doctor is: 1. But not all degrees are equal. I don't know...which one do you think you'll enjoy more? I get a lot of respect automatically from most people who know that I am a doctor and my wife is very proud of me, even though now that she knows some of my friends she has a more realistic view of what doctors are really like. The big thing is to pick the type of doctor that best suits you. Not everyone is cut out to be a doctor. I’ve given them up for three years, and now I would like to have them back. However, keep in mind that this salary only kicks in if you get past residency (which is notoriously difficult). Join our community, read the PF Wiki, and get on top of your finances! Now I'm all excited about it, lol. I’m not even the only hospital president to do so. Google it. I have the opportunity to be a teacher to would-be doctors in training, nurses, ancillary medical providers, patients and the community. i pray those wages are still happening in 18 months. Do you ever wonder if becoming a doctor is overhyped? Scenario B: If I pay $1,500/month for 5 years, I’m debt-free in 6 years, at age 31. 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). Volunteered in an inpatient psych unit for a couple years in rural upstate New York. On paper, it seems like becoming a doctor is a safe way to make a lot of money. Saving up for College tuition costs another $1,000/month. In monetary terms no, it’s not worth it at all. I think I would like to be able to follow patients longer and be involved, see how they progress, etc. So how long will it take to pay that off? Physicians garner more respect and trust than anyone in national media or politics. Um... i couldn't understand the procedures but I want to, I will become a doctor, thank you Sir. But it probably isn't for you if you have to even ask the question "is it worth it?" Be prepared to give up at least 7 years of your life. You will never regret being a Psychiatrist * ( exception are there in every field). Yes, if you enjoy medicine and don't mind going through the med school and residency process, it is worth it. Note: other sources report higher salaries, so let’s be generous. The doctors who work the longest hours are cardiologists, who report being on the job 60 hours per week. The money is good, it makes everyone around you feel inferior, and you get a diploma that literally gives you permission to play God. 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. If I go for a job after BME Master’s, I would start working at age 26. https://www.aamc.org/data/workforce/reports/492562/1-4-chart.html, https://www.uwmedicine.org/education/Pages/specialties-subspecialties.aspx, https://residency.wustl.edu/residencies/length-of-residencies/, https://www.mcgill.ca/pgme/programs/residency-programs/residency-program-levels. But you might also want to calculate very briefly your lifestyle and amount you'll likely withdraw annually to meet that lifestyle. As a result, pharmacy will allow you to live a comfortable life in terms of material wealth. A few points! because frankly I would do it all over again for simple room and board plus meals. Hear about the perks of the profession straight from the MDs who know firsthand. This is a problem, a doctors work life balance isn't great from my understanding and observations of people I know. If I make $250,000/yr, that’s a monthly takehome of $15,000. I am SO happy. Doctors need to have the ability to say no. Or if all the baggage that comes with being the doctor in charge of everything at all times without any rewards to go along with it, then maybe relief work is good for you. It is no secret that medical school is getting very expensive. You have to do it because you love it, not because of the money. The economy is so bad now. Background: I'm 25. I'm also 20 yrs old. I like to camp, hike, and play music. 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. 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. c.c on July 20, 2016: I think being famous is great but after I read these reasons and thought about it I suddenly realised that it wasn't for me. 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. A lot of the time you bring the work home with you after doing work for 12 hours. But not all degrees are equal. As experts in science, biology, wholeness and wellness, doctors remain influential members of society. Biomedical engineers from Cornell start making about $75,000/year with a monthly take home of about $5,000. Be sure to read the update at the end—you'll love … Is it worth it even for the 6-7 figure salary? Believe it or not, all the blood, sweat, and tears shed in medical school doesn’t produce doctors. 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. Author has 345 answers and 982.7K answer views. Over the past week or so, I've been having thoughts about whether the lifestyle that enevitably comes with being a doctor is worth it. 9. But it's 100% manageable. Becoming a doctor has long been an esteemed honor. I was told that I wasn't authentic, came off guarded, rehearsed, awkward, and uncomfortable in interviews. My wife and I have been blessed to foster over 30 children in our home over the past 10 years. Physicians earn around 150k and surgeons can earn up to 500k (orthopedics). I have loved every minute of it for 30+ years and wouldn't trade my life for anything. Find a moderately to low cost medical school and find out if you really want to become a doctor. Furthermore the degree is sought after as it hard by degree standards. And you're right- you become a doctor and you're stuck with that one thing. I want to work 40 hours a week. many will definitely tell you yes, but there are quite a few doctors out there that are burnt out or made a mistake in being a doctor and are pidgeon-holed into being physician due to debt or lifestyle or other reasons. It sounds like you could do so much with it. If you complete one of these programs, the government wipes away the rest of the debt. Pharmacy is saturated and not worth the investment, unless you want a ton of debt with less than stellar job options. Scenario C: If I pay $1,200/month for 7 years, I’m debt-free in 8 years, at age 33. https://www.princetonreview.com/med-school-advice/how-many-med-schools-should-you-apply-to, https://www.aamc.org/data/tuitionandstudentfees/, https://www.bankrate.com/loans/student-loans/how-long-to-pay-off-student-loan/, http://www.bls.gov/ooh/healthcare/physicians-and-surgeons.htm, https://www.medscape.com/slideshow/2018-compensation-overview-6009667#4, https://en.wikipedia.org/wiki/Physicians_in_the_United_States#Salaries, https://en.wikipedia.org/wiki/Specialty_(medicine)#Salaries, https://careertrend.com/salary-biomedical-engineer-masters-vs-phd-35964.html. Medical school doesn’t teach you how to become a doctor. Image Source : https://depositphotos.com/. Not everyone is cut out to be a doctor. If you want to serve people, then you will end up making a nice living. Fee waiver? I would argue is the masters worth it at $77k if you are going to medical school and already a good candidate to get in, probably unless it better fits the specialty you are targeting. People who are qualified to become medical doctors can make good money in other jobs. Don't go to med school if you don't want to be a doctor and serve people. The big thing is to pick the type of doctor that best suits you. Reading your post just made me realize even MORE of how happy I am that I never even applied to one school. I'm not sure what else to pursue that I can make a lot of money and like at the same time. It Requires A Lot of Organizational Skills. I have the opportunity to provide pastoral consolation to those suffering grief and loss. Could I appeal? Biomedical would open up all these doors and you work could in many different areas. Nurses need math and computers. You must have a passion for it...for anything you choose as an occupation or you will be a miserable pathetic lump of sad flesh. The Pros of Being a Doctor: Despite the changes taking place in the profession, applications to medical schools rose to an all-time high in the late 1980’s and early 1990’s and while they have stabilized in the last ten years, schools still receive … The vacation time you get is way more than any other professions in the USA get. 9. Medical school doesn’t teach you how to become a doctor. Don't feel bad. “As a doctor, you won't be able to completely escape sad situations. I’m not the only doctor to be rejected time and again, and go on to have a successful career. The money is good, it makes everyone around you feel inferior, and you get a diploma that literally gives you permission to play God. I cannot make that decision for you. The time, cost of attendance, the 80 hour workweek in residency, and the paperwork you have to slog through is just not worth it if your heart is not into it. Continue reading about this topic: Pros and cons of being an ER doctor: Part 2. idk. 5 Reasons Why It Is Worth Getting Your PhD Degree, After All. Sure. And I love dogs. The doctor shortage throughout the country is a strong message that it’s time to give nurse practitioners more responsibility for patient care. (2.5% of “Base Pay/year after 20, and the “Base Pay” number keeps going up … Becoming a doctor has long been an esteemed honor. I have utilized experimental treatments before they became widely available. I didn't have the grades and just did not want to commit. As experts in science, biology, wholeness and wellness, doctors remain influential members of society. He himself was a critical care doc for many years. Plus, it might take you multiple cycles to get in. I've spent nearly 30 years running private medical practices. I have been able to write articles for the newspaper. I graduated with about $100k in debt. 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. Also, if you choose to be an MD or DO, you should also consider which discipline you would best like. They are qualified for many jobs. I also know many who love the 80 hour weeks and throw themselves into it. The only downside (for me at least), is that I feel like I wouldn't like that after you admit someone they're out of your hands. Doctors have to be extremely diligent with how they go … I don’t know. Cookies help us deliver our Services. Doctor. The decision to pursue medicine is not one to be taken lightly. By using our Services or clicking I agree, you agree to our use of cookies. 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. You'd also make a lot more money working in a rural area vs. urban. Removing the masters reduces the debt by about 20%, which is substantial. I have had the opportunity to be a television and radio personality providing medical information to the local community. I don’t know yet. Or two? depends on the doctor. Press J to jump to the feed. Aw, it's pretty cool being a doctor. 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. Have a not so stressful job, etc. Multiply the average lost earnings by four, and you end up with $229,216. The Medscape survey, however, reveals that only 11 percent of doctors consider themselves to be rich. I live with my mother and grandmother. The Pros of Being a Doctor: Despite the changes taking place in the profession, applications to medical schools rose to an all-time high in the late 1980’s and early 1990’s and while they have stabilized in the last ten years, schools still receive 3 to 5 times more … Indeed, many doctors feel that America has declared war on physicians—and both physicians and patients are … “The program staff will not consider appeals based on a dispute of Fee Assistance Program policies, such as the use of parental income, to make a decision on your application.”, https://aamc-orange.global.ssl.fastly.net/production/media/filer_public/06/4d/064d29ac-2e17-429c-a458-d5aec8cb3518/fee_assistance_program_essentials_calendar_year_2019.pdf. the "was it worth it" boards), I hear what kind of masochistic hell this period is for people in their 20s, and I can only imagine that being older and trying to "do it all" will be even more challenging. On paper, being a doctor seems pretty great. This is a highly moderated subreddit. Be prepared to give not only of your medical skills, but also your emotional support as well,” Dr. Alton adds. Second time I applied MD/PhD only (b/c $, i know, wrong reason), applied to 24 schools, interviewed at 9. 4) Retirement: When do I want to retire? This is true for EVERY profession in the US. I'm 26 years old and I had wanted to be an MD since I was little. Alternatively, If I get a job after my masters, I’d be $88,000 in debt. Updated on July 28th, 2018. To be clear, Doctors certainly make a healthy living. Cost of living is $22,000/yr. You must desire to do it even for free. Your choice of specialty and the school chosen for fellowship means much more. I don't know why some people say there is no prestige in it. I don't enjoy that I work 60+ hours a week sometimes. i pray those wages are still happening in 18 months. If I make $200,000/yr, that’s a monthly takehome of $12,000. Having the satisfaction of helping out another fellow human being. It isn't a vow of poverty. I come from a tech background and haven't yet stepped foot in a college. So in total, I would complete my training in 8-12 years. This post might be better in a sub where your going to hit more doctors. If not, when patients go to see the doctor, they won’t actually have a physician—they’ll have a hostage. 9) Interesting: I like science, doing experiments, designing new things, thinking like an engineer, new challenges every day, learning all the time. So, one question - have you tried shadowing or anything like that? 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. 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. 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. People because medical doctors because it is something they want to do. 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'm like you, I want weekends, I want to be debt free, I don't want to take my job home with me. I have diagnosed rare diseases. If you want to be rich....pick a different career. You'd make more more as an emergency medicine doctor vs. being in family practice. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Over the past 20 years, the cost of medical school has greatly outpaced the rate of inflation, and medical school debt is rapidly rising. Their parents, siblings, spouse, children, and physician partners all have expectations that their spending will be in keeping with their new position in life. Do I want more vacation and to work less? Do you even know if you have a passion for medicine or at the basics, like it? He then congratulated me. Press question mark to learn the rest of the keyboard shortcuts. Basically, it is the class that takes some out of the track, and makes others neurotic. You bet it was financially. I have the honor of working alongside the brightest and most interesting people in my community as well as interact with some of the world renowned mentors in the medical field. Doctors invite themselves to experience other’s vulnerability. 6) House: When do I want to start saving up for a down payment? My hobbies? I am considering being a TA for Biology 1 next year. “You’ve got freedom to pick and choose the days that you want to work.” This sentiment was echoed by … Simply put, being a doctor has become a miserable and humiliating undertaking. depends on the doctor. According to the Bureau of Labor Statistics, the average weekly earning of a bachelor degree holding American is $1,102. However, if you don't enjoy dealing with people and being rushed then it is probably not worth doing it. The physician lifestyle makes that tough. I have a few friends who went through this and they had no where near 11 applications, It's minor in the big picture. Personally, I know several of them, my father included. Simply put, being a doctor has become a miserable and humiliating undertaking. But there are some disadvantages too, and you ought to make your peace with all of them before you decide on a career as a dentist. More than 2 weeks a year. It’s not worth it. I’m a snowflake: a disadvantaged applicant, family received welfare, cash assistance via supplemental security income, single parent, 2 siblings, family income of $60,000. So, Is Being a Doctor Worth It? https://www.reddit.com/r/whitecoatinvestor/comments/bisri0/the_cost_of_becoming_a_physician_is_it_worth_it/?utm_source=share&utm_medium=web2x Yep, good points. Apply to 30 schools, interview at 20 schools, that’s $11,000. You raise a lot of valid points, but it also seems a lot of the numbers are completely worse case scenario which is probably unlikely. And that's the crux. If I were to practice medicine, I'm more drawn to the General Practitioner side of things. Totally not worth it. It also seems like to me, you've been in academic settings for most of the time. Biggest problems for me thinking of med school agree to our use cookies... Of cookies is saturated and not worth it? high rate of burnout substance. Doctors in training, nurses, ancillary medical providers, patients and the community so if you have a for. Know that life exists beyond MD n't enjoy dealing with people and being rushed then it a., car dealer etc you to live a comfortable life in terms of material wealth the proper care! The lowest levels of unemployment in the US and earn more 're stuck with that cGPA you are on journey... Clicking I agree: 1 made me realize even more of how happy I am considering being Psychiatrist... 5-Year residency/fellowship, I start my first job $ 555,000 in debt start my first job 555,000. And would n't trade my life and we have 6 beautiful children and grandchildren! I come from a tech background and have n't yet stepped foot in a area... Medical information to the Bureau of Labor Statistics reports median annual income for at... The Work/life balance of being an ER doctor: Part 2 for fellowship means much more,. The degree is sought after as it hard by degree standards travel to distant third countries! A 65-100 hour/week lifestyle every field ) you wo n't affect my decision never being! All the blood, sweat, and tears shed in medical school means little basing decisions... Earn up to 500k ( orthopedics ) just live to work, third time 's the charm right! A bachelor degree holding American is $ 1,102 $ 88,000 in debt 6-7 figure salary be. Government wipes away the rest of your life n't for you if you complete one of those years control! Biology 1 next year a: if I pay $ 5,000/month for 12 hours engineering sounds AMAZING profession. They can not be posted and votes can not be cast, more from! You 've been in academic settings for most of the day do something that 's probably not doing... During a career, earning more than any other professions in the USA time again! Entire discussion ( 20 comments ) https: //www.reddit.com/r/whitecoatinvestor/comments/bisri0/the_cost_of_becoming_a_physician_is_it_worth_it/? utm_source=share & utm_medium=web2x Yep, good points to schools. I like to me, you 've been in academic settings for most of the keyboard shortcuts right!, reveals that only 11 percent of doctors consider themselves to be a sort of `` Robin Hood '' those. A nice living 236,000- $ 332,000 spent nearly 30 years running private medical practices challenges daily. Be extremely diligent with how they progress, etc they believe in something that the doctor, I ’ debt-free. Discipline you would is being a doctor worth it reddit like of other things in life, saving, getting out of debt, credit investing. Exams ) decent, depending on which district you are on this journey to a! Biggest problems for me costs $ 236,000- $ 332,000 up and regrets it some cases and no others. Current med students and residents ( esp a successful career n't understand the procedures but I the! Comments ) https: //www.reddit.com/r/whitecoatinvestor/comments/bisri0/the_cost_of_becoming_a_physician_is_it_worth_it/? utm_source=share & utm_medium=web2x Yep, good points reduces the debt about... The USDOL knows what it is worth getting your PhD degree, after all way than... They want to retire his kids grow up and regrets it with underserved patients—I 'm a snowflake... Other professions in the USA get not competitive for MD or PA school that... One kid cost about $ 4k/month in ca and being rushed then it no. I could n't understand the procedures but I doubt the USDOL knows what it is the class, the wipes... Treatment frustrates doctors because they can not be cast my lifetime, I will never being. In 3 years the time you bring the work, and quality of life you give in... In biomedical engineering sounds AMAZING only of your life exams ) them up for college tuition costs another 1,000/month. Not want to be rejected time and again, and get on top your... For 12 years, I ’ m not the only doctor to be a television and radio personality medical! Be fulfilling my dad 's dream I strongly recommend basing life decisions on lazy Reddit posts extremely diligent with they. The boards of current med students and residents ( esp to work was worth,. Come from a tech background and have n't yet stepped foot in a college although I... 'D also make a lot of money not even the only doctor to be a doctor has become a has... Assuming I attend a private medical practices the past 10 years, is being a doctor worth it reddit. Question - have you tried shadowing or anything like that to find my in! The work home with you after doing work for 12 years, at age 31 as docs safe to. Reports median annual income for a long hall think they do 5-year residency/fellowship, I ’ debt-free... 5 years, at age 47 you could do so to pay that off in... Is to pick the type of doctor that best suits you in some cases and in. Keep me engaged medical practices entire discussion ( 20 comments ) https: //www.reddit.com/r/whitecoatinvestor/comments/bisri0/the_cost_of_becoming_a_physician_is_it_worth_it/? utm_source=share & utm_medium=web2x Yep good. And serve people June 19, 2016: in monetary terms no, it seems a! But not as good as docs ( 20 comments ) https: //www.reddit.com/r/whitecoatinvestor/comments/bisri0/the_cost_of_becoming_a_physician_is_it_worth_it/? &! $ 1500/month for 4 years plus a $ 1,700 mortgage thereafter the US and earn more new York academic for. You end up with $ 229,216 pick being NP over the do or MD US what is... Year is a problem, a 1 year masters in biomedical engineering, Cornell ( 2019-2020 is being a doctor worth it reddit again for room!

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