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Finance or Medicine?

FrancisReyFrancisRey Registered User Posts: 27 New Member
Ive always wanted to be a doctor.
But I like working long hours. I like making money. I want to have much more than enough.

Should I do Finance or Medicine?

Which would be better earnings for the future?

I would like some opinions. Thanks.
Post edited by FrancisRey on
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Replies to: Finance or Medicine?

  • mcel123mcel123 Registered User Posts: 240 Junior Member
    you could work in medicine by day and finance by night
  • GreybeardGreybeard Registered User Posts: 2,355 Senior Member
    People working in the highest levels of the world of finance have enjoyed huge bonuses in the past few years, due to the enormous profits they were earning from highly levered investments when the value of the assets they were controlling were rising.

    Leveraging works both ways, of course. Every time I look at the financial news, it seems, I read about another once-proud institution facing bankruptcy. I expect those bonuses to evaporate like so much soapy water.

    My advice - pick a field where you think you'll intrinsically enjoy the work. Over the course of a long career, you're likely to experience some tough times, whatever you decide to do. Emotionally satisfying work will be far more likely to sustain you through those hard times than something you picked because you thought the money would be good.
  • FrancisReyFrancisRey Registered User Posts: 27 New Member
    Yeah its not about the money. Im just looking for a career that will give me a good future and that suits me best.

    I think itll be finance.

    More opinions pleasE!
  • insubvertinsubvert Registered User Posts: 216 Junior Member
    I consider medicine a bit more stable, but in finance you'd potentially make much more. There's a kind of unofficial cap on how much doctors make that isn't present for businessmen. For example, a doctor that pulls in 500k+ a year is way at the top, while the top businessmen make millions a year.

    Think about what you'll have to learn in college and professional school. You probably won't like medical school if you don't like bio and chem.

    Also consider that doctor-patient interaction is very different than the kind of social interactions a businessman goes through with bosses, employees, coworkers, clients, etc. I would advise shadowing a doctor and a businessman for a day if you haven't already tried it.

    Personally I don't think there's anything wrong with picking a career for the money, as long as you can enjoy it too. If you enjoy both finance and medicine, that's great.
  • NY_DemocratNY_Democrat Registered User Posts: 554 Member
    PS, banking is going to suck for like the next year or so. Don't expect much money. It should revive though in a few years, but investment banking is going to make nothing over the next year or two.

    As for your career options, 99% of people go into finance anyway for the money. You're one among many. What's really rare is finding someone who actually likes being an analyst, I think everyone of them hates their job but know they can be super-rich in just a few years.
  • Silverzc413Silverzc413 Registered User Posts: 460 Member
    if you have what it takes to get into a top undergraduate school, then go finance.
  • sAxsKysAxsKy Registered User Posts: 940 Member
    Over the past few days, America has faced drastic economic uprisings so I really would recommend not go towards finance. . . medicine is the way to go since you're guaranteed a job after college.
  • FrancisReyFrancisRey Registered User Posts: 27 New Member
    Im thinking about going into Baruch College. You think I can get a good finance career outta there?
  • FrancisReyFrancisRey Registered User Posts: 27 New Member
    any opinions anyone?
  • Silverzc413Silverzc413 Registered User Posts: 460 Member
    "good" is kind of broad. What's good to me may not be good to others.
  • jackfitzjackfitz Registered User Posts: 159 Junior Member
    well with medicine you will still make a crapload. Not to mention that you dont ever have to worry about being short of patients. Like my doctor charges 75 for 15 minute check-up. Keep in mind a check-up which is the cheapest. He is always booked to, it takes like 2 weeks to get an open spot. Finance can make you alot more but with the current instability of it, I think medicine is better for you.
  • kmzizzlekmzizzle Registered User Posts: 1,248 Senior Member
    if u do med ur not gonna get income for a LONG TIME just fyi
    but it is almost guaranteed $2xx,000+ income (if u become M.D.)

    finance youll start off with decent salary and gotta work your way up, or better yet create your own company to get high income
  • aibarraibarr Registered User Posts: 4,249 Senior Member
    well with medicine you will still make a crapload. Not to mention that you dont ever have to worry about being short of patients. Like my doctor charges 75 for 15 minute check-up. Keep in mind a check-up which is the cheapest. He is always booked to, it takes like 2 weeks to get an open spot.

    Yes, but YOU actually *pay* him. Chances are good that a large number of patients can't pay, or that the insurance companies force him to accept a smaller amount of money per hour than he actually charges. It's not all sunshine and daisies, and nothing in this world is "almost guaranteed".

    You also may have a good chance of finding a job after med school, but getting into med school is ridiculously competitive, and is nowhere near guaranteed.
  • kmzizzlekmzizzle Registered User Posts: 1,248 Senior Member
    Also there is becoming less and less M.D.'s available, which means more pay + easier to find job!! :D
    and also like aibarr said, getting into a good med school is hard, let alone getting a good gpa in **** like biochem eng. gl
  • syncastarsyncastar Registered User Posts: 73 Junior Member
    "Also there is becoming less and less M.D.'s available, which means more pay + easier to find job!!
    and also like aibarr said, getting into a good med school is hard, let alone getting a good gpa in **** like biochem eng. gl"

    Actually that's all that true because some med corporation are cutting doctors/nursing salaries. With MD you'll make top-notch $$$ if you're a surgeon. Plastics & neuro0surgeons makes the most out of the bunch so if you are willing to sacrifice a good 8 years of school (assuming you won't dual degree) and 3-5 of residency your good go by your mid 30s. Otherwise say hello finance!!!
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