- 5 years ago
- Wedding: August 2018
From my perspective so far, it’s worth it, after I graduated from college with an English and Communication Studies degree I couldn’t get a job with the economic crisis and all that. I worked the only job I could find which was as an executive assistant, and made 35k and worked 80-100 hours a week like a slave. I did this for about one year. I went and got a Masters degree from a prestigious and expensive private University which cost about 150k BUT first job out of grad school my salary became 80k. It was a significant and quick jump, but the best part is being more in demand, so choosier with employers. I’m a less common set of skills on the market so I’m not forced to work for a horrible boss/company anymore. After grad school my quality of life has significantly improved with my new job, less stress, lost weight from stress eating, healthier lifestyle from having time to work and cook.
As it happens I work in health administration and physician comp, I think becoming a physician will yield a pretty great ROI over your lifetime. It’s daunting because so you can incur SO much debt, I’ve seen MDs graduate with over 500K in debt. Depending on the specialty he could make really a TON of money, pretty frequently medical foundations will pay a doctor a base salary until he builds his practice up and can make a living off that. A typical primary care doctor salary is 195k, but it can range a LOT, we’ll pay an orthopaedic surgeon starting at 500k. As the doctor gets busier, we also pay a productivity incentive, so the more work they do, the more they get paid. Research, medical directorships, consulting work are all also side gigs he could take on to make additional money. I hope that helped!