SUSQ is a good place... but they will play "interview games" with you...
i.e. you do 6-7 phone interviews before they even see you in person, then it's another 2-3...
lol
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
professional career vs. trader
- Thread starter omega3
- Start date
SUSQ is a good place... but they will play "interview games" with you...
i.e. you do 6-7 phone interviews before they even see you in person, then it's another 2-3...
lol
I am not sure if it is true but I heard dentists have one the highest suicide rates of any professionals. My grandfather was a dentist, and he had a meaness and a general unhappiness about him. Of course, he was a dentist before so called "painless" denistry.
Ambrose Bierce had the following to say about dentists.
DENTIST, n.
A prestidigitator who, putting metal into your mouth, pulls coins out of your pocket.
His opinion of lawyers was lower.
LAWYER, n.
One skilled in circumvention of the law.
Personally, I associate denistry with pain and cannot help but thinking of Laurence Olivier and Dustin Hoffman.
Ambrose Bierce had the following to say about dentists.
DENTIST, n.
A prestidigitator who, putting metal into your mouth, pulls coins out of your pocket.
His opinion of lawyers was lower.
LAWYER, n.
One skilled in circumvention of the law.
Personally, I associate denistry with pain and cannot help but thinking of Laurence Olivier and Dustin Hoffman.
Quote from vanhelsing:
Most of my family are involved in the health care business. While many points you make about trading may be true, you seem to have an overly optimistic view of dentistry. First of all, most students incur HUGE amounts of debt while attending dentistry school. In many cases, much more than 250K. In general, it is probably more expensive than medical school Keep in mind that you have to buy all your required tools. These are very expensive too. Also, I doubt the average general dentist makes 220K per year. If you can show me this, I will be impressed. Specialists probably increase the pay when averaged in. If you want to talk about inferiority complexes, wait until you prescribe something beyond your scope. Also, have you looked at the suicide rates of dentists? Like a lot of health care jobs, it is monotonous work that drives people crazy. Are you prepared to look at people's mouths everyday for thirty years? You mention that as a con, but have you actually thought about what it would be like. Most dentists I know are the most miserable people on earth. As one always says, "the human mouth is much more dirty than the human asshole." I don't know if that is true, but that is what he says. Finally, investing 250K or more for a health care job seems kind of risky. The fact is this country is going through a health care crisis. There is too much money being spent by the government and not enough reimbursements for providers(medicaid, medicare, and private insurances). Something is going to have to happen in the next few years. More than likely reimbursements will continue to shrink, which makes it harder for you to make that 220K per year. Eventually, a complete socialized program is inevitable. If you are general dentist by then, it will not hurt you much. If you are a specialist, look for your salary to fall 50% over a year or so. These are all things to think about.
Note: I am 24 and have finished college. Currently an engineer doing boring sht.
Dentist Total Compensation (general dentist)
http://downloads.pennnet.com/pnet/surveys/de/0512de70-79.pdf
$233k for owner
$107k for associate (it takes minimum 2 years to get enough experience to start your own biz)
http://www.ada.org/ada/prod/survey/faq.asp#income
$177k for all general dentists, owner and associate
reimbursements
i cant speak intelligently on reimbursements.
Cost of dental school
http://www.hsdm.harvard.edu/asp-html/faq.html
The total estimated cost for a first-year DMD student including room and board, health insurance and other fees is approximately $57,000. (BTW, i'd rather go to my state school which costs 15k a year.)
$60k*4, 240k debt. lets say its 300k @ 6% interest, 15 year payouts if you're making 120k starting salary. whats that, 2-3 grand a month, 35k a year, ~50k pretax income. Hmm. i'd be 29 or 30 making 120k/year. possibly married with no kids. not a great situation. within 6 years, i think its reasonable to become an owner of my own practice and on my way to getting the office established. so, say age 37 @ 200k. I'll definitely have kids by then as well as other shit like a 3k mortage, 1k in cars, etc. so yeah, 200k isnt that strong either at 37. I'd be lucky to save 25k-40k a year after taxes. Which is GREAT for most of the world but I have the unlucky privilage of being surrounded by my banker friends, who at age 24 just collected 75k bonuses pretax.
suicide rates of dentists
http://www.google.com/search?q=suic...ient=firefox-a&rls=org.mozilla:en-US:official
i dont know the suicide rate, but how bad can 35 hours/week of teeth be? hygenists do the real "dirty" work, no?
i'm not thrilled about a career in dentistry, by any means, except for the stability, relatively strong income, and good hours. I probably wont hate being a dentist nor will i love it. i'm not an idealist in search for the "perfect job".
-------------
As far as getting a wall st job, I feel like the banking route passed me by at this stage. my focus in college was mostly premed stuff. i never bothered with resume drops for the goldmans etc. plus, most of my college peers are now 2nd year bankers and predict they will get the 'analyst squeeze', i.e not offered a 3rd year and forced to look for work elsewhere for two years before they head to wharton/kellogg/etc. anyways, once they get the boot from the ibank, I'm sure they'll find a sick job at some tiny PE firm making 200k+. worse case, they'll get some finance job at time warner making 90k. at my current job as an engineer (ugh), I can probably get into a top 8 MBA as well and transition into a finance/banking job as an associate...but it sounds pretty hellish albeit $$$$. I'm not a guy who can kiss ass for 14 hours a day * 6days and smile about it, i.e my personality is not "type A".
Can i get an assistant trading job at a hedge fund with no experience? i feel like i'm pretty old at 24, to attract any interest from hedge funds, even for an entry level position. No harm in trying, i suppose.
The other option, of course is daytrading with a prop firm and risking a small amount of capital but more importantly two years+ of time. huge failure rates. I'm not very well capitalized, but i have saved about 25k so far. Prop firms want 5k down. i understand they hammer you in commissions and in exchange you get "trained", i.e sit here and watch. I cant guess whether have what it takes to succeed, but I know the odds are stacked against me. From what I gauge on this forum, it seems rare to make 200k+ a year as a trader. 200k is a number that i assign that would PERSONALLY make this path worth the stress and instability. If i failed, i'd be 26 with not much to fall back on.
This post appears about every 3 months or so and I'm always amazed at all the people that take the bait and get drawn into this rehashed "delimma".
Anyone asking this question obviously doesn't have an Ivy League education, and if they do, their mommy and daddy are deserving of a substantial refund.
O.P. (now on your umpteenth alias), just go away or just put up the money and trade.
Sad, sad, sad.....
Anyone asking this question obviously doesn't have an Ivy League education, and if they do, their mommy and daddy are deserving of a substantial refund.
O.P. (now on your umpteenth alias), just go away or just put up the money and trade.
Sad, sad, sad.....