I'll just agree to disagree. Misdirected students will suffer a horrible fate. They are fettered by their student loans for eternity. No forgiveness for most of them. Best of luck in your trading.
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This is the unvarnished truth right here. Now more than ever trading is a dog eat dog world.
Most medical students I know (and being still a part-time postgrad student, myself, that's actually quite a lot of people) work some kind of part-time job. Often something like one night in eight/nine/ten running blood-tests through the autoanalyzer in a hospital laboratory, or whatever ... but definitely a part-time job. Sorry, Gambit, but you just have your facts totally wrong, there.
I suggested it. Emphatically.
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Are you in America? My sample is approx 50 physicians and their families. And how would a 10/hr job part time job cover living expenses of ~20K? Go over to student doctor network and ask how many work part time. The numbers are minuscule. In fact several med schools actively discourage employment.
I'll just follow up with some math. $10 per hour (average student labor rate/lab tech rate) x 10 hours a week for 50 weeks out of the year = $5000 year pretax. Assume $4000 year after tax. That still leaves $15 k per year for basic living with little or no travel expenses. If student loans for living expenses were not available, a med student would have to work at least 40 hours a week in order to make ends meet. A pragmatic med student would run these numbers and take loans in a heartbeat.
I'm guessing you're in Latin America. Correct me if I'm wrong. You're comparing apples to oranges...
No; in Europe (UK).
Night/overtime pay rates for "duty biochemist"/"duty hematologist" hospital positions are pretty high, in many places. Nowhere near your "quoted" $10 per hour. That's barely minimum wage! Anyway, I didn't say that it "covers" it. But it can certainly make quite a difference. They tend to employ quite a lot of those people, and to give priority for those positions to their own students, many of whom have "financial issues", naturally. Anyway, it seems like you just want to "Be Right" about this, in spite of the facts, so I'm going to drop out of the conversation, now. I don't have time for that kind of conversation.
We're in two different regions! Come on now...the situation in America is far different than Europe. A med student isn't allowed to even work in a hospital lab here (requires a 2 year degree w/ licensure). Tuition on average is higher, competition is higher, especially for residency.
I understand this, thanks.
(It's an international forum, and you didn't say "In America": I had no possible way of knowing that you intended to limit your observations to one specific country - or which.)