That’s interesting - my neighbor told me her kid is making around $23 an hour. Is it based on location? His schedule is grueling.
Here’s a company bucking the trend.
we have seen numerous reports that more and more firms are capping their total headcount in favor of leaning on more AI tools, leading to downsizing their intern and new-graduate hiring. This is resulting in increased sidelining of new college graduates. But we think this misreads the moment completely, so we’re heading in the opposite direction
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My D is reporting that contract companies are often willing to overlook limited work experience for engineers. The bad part is they don’t pay benefits but the good part is that the salaries are decent and a new grad gains experience. D had a friend who had her contract picked up by the company and is now full time/full benefits.
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I’m not sure what percentage of those touting AI taking a load off employee head count even understand what AI really is/does or how they plan to use it. I believe there is going to be a whole lot of fixing going on after intial AI implementation in some industries. JMHO.
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Here are salaries by state. In my state, it’s $53458. If you divided by 2080 hours (that’s 40 hours a week), that’s $25.70. I know people are working far more hours so you can divide from there. I don’t know how many hours but if a resident worked 80 hours, it’d be half of that, etc. I imagine hours worked depends on the specialty.
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I don’t think kids today are necessarily “lazier” than older generations (this is a trope that seems to be trotted out each time a new generation comes of age) but I do think that they are more cynical about corporate America. And why shouldn’t they be? Employers haven’t shown a lot of support for employees in the era of stagnant wages and reduced benefits. That a prospective employee should be motivated first by “what’s in it for me” isn’t surprising given those facts.
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Health care and education have not been hit to the same degree as other industries, but you still need to be flexible….AND ENJOY THE WORK.
One of my kids works in a very specific health care field and half of her job is in research. She loves it but it is a fellowship and she will be looking for another job in just over a year. The good news is that she is great at networking, has great contacts, and gained unique experience. She got a sign on bonus which surprised me as it is in a very desirable city. She has free health ins and retirement. She actually turned down her med school aspirations because she realized she did not like the work. She does have balance and flexibility but loves what she does and often works more hours than required.
My other kid works in education in the city she wants. She travels to different schools, has a lot of flexibility, free health care, a pension, good salary with opportunities to earn extra, and does not have the rigidity that classroom teachers have. That being said, the career is not for everybody and you really have to enjoy the work.
Another close family member is doing her residency now. She loves it but is exhausted and works 80+ hours a week and sleeps. You really need to love the work to do what they do.
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Resident salaries are determined by the residency programs, and can vary wildly from place to place within a state.
Plus, every ED resident I know…and fellow wishes they only worked 40 hours a week.
@WayOutWestMom can elaborate on resident salaries.
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Huh, this is potentially useful info for us. I can carry S25 on my health insurance until he’s 27, so the no benefits part wouldn’t be a huge deal breaker. This is good to know - thanks!
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Not just EM residents. All residents and fellows routinely work more than 40 hours/week.
Per ACGME guidelines, residents and fellow may work 80 hours/week (averaged over 4 weeks so some weeks can have even higher work hours). So that’s how much they do work.
Some programs (especially neurosurgery and other surgical specialties) notoriously routinely work their residents more than the allowed hours and tell the resident to under-report their actual work hours so not as violate training rules. One academic hospital had their neurosurgery training program shut down for routinely violating work hour restrictions. The 8 residents were replaced by 24 full time mid levels.
Residents and fellows are the workhorses of hospital systems. Their “ free” labor helps keep hospitals afloat.
Residency hours vary by program, by specialty, by seniority within the residency, but even FM outpatient residents work more than 40 hours/week.
No, it’s half that. To find the hourly wage for a medical resident or fellow–divide their salary by 80 hours/week, not 40….
Plus residents do not get differential pay for night, weekend and holiday shifts. Nor do they get overtime pay should they work more than allowed 80 hours/week.
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Yes, I noted that - I used 40 hours and said divide from there based on hours.
I know TFA alum. They (TFA) had a long list of affiliated, well known universities for law, medicine, education policy, etc that some alum did once they completed their 2 year stint. One of my coworker’s kids actually had law school fully paid for (not sure if this is still a thing).
But…you need to get through two years of difficult and grueling work. It does make for really good interview discussions once you move on to other careers or graduate programs.
Wondering if your student already went through the on-site work trial. If so, can you share any info what to expect?
Sorry for the confusion:
the on-site work trial was listed in one of the job descriptions that my son applied to.
He hasn’t heard back from that company yet.
I will share update, if/when he gets to that stage.
(He’s applied to almost 100 jobs so far, and have only heard back/rejected from 20 so far.)
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Hopefully a few pan out. Keep applying. One will be out there. You just need one.
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Got it. Good luck to your son’s search. I understand what he’s going through. Well mine will do the 2 day trial this week. I’ll let you if there’s anything to share. I am not sure how to make sense of any of this.
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I agree that medical residents have it tough, but they are in the process of completing their training and working toward a career that will ultimately offer a high salary.
The woman who lives across the street from me is a hospitalist in pediatrics. Trust me- the 25 year old down the block who is in ad sales at Google out-earns her, and that’s with a BA from the non-flagship branch of our state U system. No education past the BA except for whatever seminars Google provides on “negotiating tactics” and “Getting to Yes”.
So sure- pediatrics is a notoriously low paying specialty. And opting for Hospitalist vs. joining a practice cuts that comp further. But do you want to live in a country where NOBODY goes into primary care because the economics of health care mean that you need to become an orthopedic surgeon?
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Isn’t that already the case in the US, at least for wanting to go into primary care? Except that we still have immigrant MDs going into primary care for now.
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Women seem to be going in to primary care. Presumably there is another breadwinner (or they hope there will be) and better work/life balance PERHAPS. But agree- our system seems to crave more dermatologists and plastic surgeons and fewer people who can take on the unglamourous work.
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