Resident Salary
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More numbers from the survey:
Looking at the perks, mine included malpractice coverage, health coverage (including dental).
Our salary rose $600 per year above the 1st year salary. But, there were adjustments for the 1st year base. So, in my 2nd year, the 1st year salary was $13,200, so I got $600 on top of that.
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Thanks, @George-K, interesting to see the survey and statistics.
If you you're a young person about to graduate with a Bachelor's degree today, and you see these statistics now, would you still choose to study medicine and choose the same specialty?
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Those numbers were enough to encourage Lucas to focus on the CAA route over medical school and anesthesiology. There were other factors too, but one of the biggest was the 6 year difference in time. 2 extra years of schooling and 4 years residency. Plus, the medical school regime is so tight that he wouldn’t be able to work while in school, whereas the CAA curriculum should still allow him time to work.
Oh, and his part time serving job looks like it pays more than residency.
As an update, George, he is meeting someone from Case Western over break and will be visiting Emory this summer.
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Thanks, @George-K, interesting to see the survey and statistics.
If you you're a young person about to graduate with a Bachelor's degree today, and you see these statistics now, would you still choose to study medicine and choose the same specialty?
@Axtremus said in Resident Salary:
If you you're a young person about to graduate with a Bachelor's degree today, and you see these statistics now, would you still choose to study medicine and choose the same specialty?
Yes, with one caveat. The debt bomb.
Medical school tuition (as well as other college tuitions, of course) have far outpaced inflation.
I've mentioned that my 1st year tuition was $1875 (plus books and housing). Inflation-adusted that's $14,000 today. Anyone could have afforded medical school then, at least if you could afford college. Tuition at Northwestern (my school) is now $77,684 - not including books housing.
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They should be paying for the honor of getting taught an art
Ungrateful bastards
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Interesting forum thread.
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The meal allowance, health insurance (I imagine it’s pretty much free health care?), book allowance, and commuter assistance represents a pretty significant bump to the value of those salaries, though.
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What’s the expected lifetime earning difference between a CAA and a Dr of Anesthesiology? I’d imagine it’s pretty significant.
Thank you for your attention to this matter.
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What’s the expected lifetime earning difference between a CAA and a Dr of Anesthesiology? I’d imagine it’s pretty significant.
@jon-nyc said in Resident Salary:
What’s the expected lifetime earning difference between a CAA and a Dr of Anesthesiology? I’d imagine it’s pretty significant.
Yeah, but most residents aren't going to become Dr's of Anesthesiology.
Mrs. Phibes best friend from school, massively hard-working, dedicated, very bright - went to college hell-bent on becoming a specialist. Then real life happened, and she ended up as a GP, which she always said was never going to happen. Not bad money, but not spectacular, either, and from what I can tell pretty stressful.
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What’s the expected lifetime earning difference between a CAA and a Dr of Anesthesiology? I’d imagine it’s pretty significant.
@jon-nyc said in Resident Salary:
What’s the expected lifetime earning difference between a CAA and a Dr of Anesthesiology? I’d imagine it’s pretty significant.
There’s a lot more to it than that, including timing of earnings…
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The doctor my wife worked for, did what many physicians have done...He did a hitch in the USAF. Others go Navy, Army or Public Health.
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The doctor my wife worked for, did what many physicians have done...He did a hitch in the USAF. Others go Navy, Army or Public Health.
@Jolly said in Resident Salary:
The doctor my wife worked for, did what many physicians have done...He did a hitch in the USAF. Others go Navy, Army or Public Health.
That is a good idea. A friend (many times removed) did this. I think he was required to be in the Marine for 8 (or 10) years, but had all education paid in including medical school, and he got a lot of experience
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We had a guy in our residency program whose medical school tuition was paid for by the USAF. Somehow, he was able to wrangle a deal so that he could finish his residency before repaying the "debt." He owed them one year for each year of school they covered.
He went in as a captain, an MD anesthesiologist, and left as a major. He returned to work with us for about 10 years, iirc.
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Luke has given thought to the military route. If he changes his mind it will likely be the route he goes.
For him, I think what swayed him to the path he is on is mostly the time… Another 4 years of intensive schooling (60 hours of studying per week), followed by another 3-4 years in residency (70-80 hour weeks), then starting his career and looking at 60 hour weeks of which the first few years will be dedicated to paying back a house worth of debt or is owed to Uncle Sam… For Luke, that heavy of a schedule just doesn’t match up with the other things that he wants in life in his 20s…
