goldman sachs peasants

[ET180]

Total illusion. Nobody, even in the US, earns remotely those numbers you mentioned. If they take home 250k in their first years then they do well. And nobody jumps into private practice at the beginning. Nor does anyone get hired into private practice right out of med school unless daddy hires. How I know that? Half my family are medical practitioners,and I don't refer to the situation in Canada (entirely different).

Are you sure about that? 250k for taking on at least 200k worth of debt, enduring a high amount of stress, school until you're 30 and making $70k while in fellowship sounds way too low. If that were the case, no one would become a doctor unless for purely altruistic reasons. Not sure what the levels.fyi equivalent is for doctors, but this site says $400k for the median gastroenterology salary in US:

https://www.salary.com/tools/salary-calculator/physician-gastroenterology?yrs=0

The 700k figures were from LA, CA so figure at least 100k higher than the national average although maybe not...I have heard of doctors taking a pay cut moving from medium or small town to large city. I have also heard of doctors getting paid $60k for working 2 weeks in a remote part of Alaska.

 

[stochastix]

98 hours a week??!!!! What does a junior banker do that would require them to spend 98 hours a week working??!!! There is something majorly wrong there. It's either some system/process is majorly inefficient there or there is some major workload imbalance between different departments or sections or different levels in the organization structure.

So glad I am not working for others.

Me tooooooo , i can't even comprehend it anymore, working for hire fuck that

 

[mervyn]

I had brunch with a few young doctors in fellowship yesterday. Depending on the field, they are expecting to start at $400 - 700k / year (private practice). Expecting to be well over that in a few years. These students are from good, but definitely not top med schools. Dermatology / plastic surgery seems to be the most lucrative specialty. Many expect to be earning over $1M / year eventually.

that’s their dream, an average doc out of school working in NYC hospitals makes less than an experienced nurse, around $120-150k, and long shifts.

 

[destriero]

I haven't read a single post from this thread but a decent med-specialty and becoming a Director on a desk are going to have similar ten-year income potential. Residency pays $60K on average. Nobody would enter the field if the potential was 2-3X Residency pay.

 

[mervyn]

Me tooooooo , i can't even comprehend it anymore, working for hire fuck that

multiple projects simultaneously you need to be on the project team to get credit, each project will probably have same amount of work, about 40 standard hours workload, and that’s assuming you are good enough to get hired. big consultancies have 60 hours minimum billing hours per week, 80 hours is normal during the non holidays periods.

 

[destriero]

I haven't read a single post from this thread but a decent med-specialty and becoming a Director on a desk are going to have similar ten-year income potential. Residency pays $60K on average. Nobody would enter the field if the potential was 2-3X Residency pay.

My neighbor is an ER Doc and just turned 32. He makes $300K but works a lot of extra shifts as an attending. UW Med so in demand. My wife's oldest nephew is also 32 and makes about $300K at PIMCO. Sample of two.

 

[stochastix]

multiple projects simultaneously you need to be on the project team to get credit, each project will probably have same amount of work, about 40 standard hours workload, and that’s assuming you are good enough to get hired. big consultancies have 60 hours minimum billing hours per week, 80 hours is normal during the non holidays periods.

Thank you for reminding me how good i have it in this peerless mode of self-sufficiency

 

[2rosy]

overemployment

 

[ET180]

I haven't read a single post from this thread but a decent med-specialty and becoming a Director on a desk are going to have similar ten-year income potential. Residency pays $60K on average. Nobody would enter the field if the potential was 2-3X Residency pay.

Exactly. If you have a career path that requires:

1. Getting into med school / getting good MCAT, good interviews, knowledge, etc otherwise, you might be stuck with low income potential undergrad degree.
2. Med school: Very intellectually challenging, many long nights studying, going hundreds of $ into debt while your business and engineering peers are out earning income immediately after 4 years of undergrad.
3. Residency and fellowship at low pay - $60-70k.
4. Finally start earnings money at early to mid 30s.

You'll need to be compensated for all that -- hard work + risk. Getting 4 year undergrad degree in business or engineering is relatively much easier and far less risk.

My neighbor is an ER Doc and just turned 32. He makes $300K but works a lot of extra shifts as an attending. UW Med so in demand. My wife's oldest nephew is also 32 and makes about $300K at PIMCO. Sample of two.

UW is a very good med school.

 

[M.W.]

Are you aware of the difference between "median" and bloody beginner? You are comparing fresh out of school know-nothings with folks in the middle of their careers. I am still astonished at your seeming ignorance about basic summarization statistics.

Are you sure about that? 250k for taking on at least 200k worth of debt, enduring a high amount of stress, school until you're 30 and making $70k while in fellowship sounds way too low. If that were the case, no one would become a doctor unless for purely altruistic reasons. Not sure what the levels.fyi equivalent is for doctors, but this site says $400k for the median gastroenterology salary in US:

https://www.salary.com/tools/salary-calculator/physician-gastroenterology?yrs=0

The 700k figures were from LA, CA so figure at least 100k higher than the national average although maybe not...I have heard of doctors taking a pay cut moving from medium or small town to large city. I have also heard of doctors getting paid $60k for working 2 weeks in a remote part of Alaska.