Is med school right for me?

Bigredmed
Sat, 10 Jul 2010 16:15:42 +0000

How is there a scam? They have a service, they provide what the market will pay for it, that’s capitalism. People need to eat, pay bills, etc. Physicians who work in private practice have to earn money to pay for facilities, equipment, and staff, thus the money they make is not just providing for themselves, but also affects the lives of others.

Further, as I’ve said, if money is all that matters, going into medicine is a fairly awful choice - you spend way more time in training, earning a fairly low salary for longer (residents and fellows earn between $44-60k/yr - with higher salaries associated with high cost of living locales - which when you’re working 80 hours a week is not very much), and take on significantly more debt than nearly ANY other profession. Having money NOW is always better than having money later (which is why the lottery gives you a much lower dollar amount if you take the lump sum instead of the annuity payment).