Dr. Jubbal digs into the topic of residency pay and shares his personal opinions over on the Kevin Jubbal MD channel: ruclips.net/video/0dmA1HEDuNs/видео.html&t
@@duckymomo7935not sure what exactly you mean by this, but with how much money residents bring the hospital through patient care, they most definitely can afford to pay residents six figures out of medical school
Please make a video breaking down the loans and paying them as a resident. Show the difference options especially for those who don’t want to deferrer them
If the government is going to be in the business of subsidizing residency spots, they should not let training programs keep close to 50% of the funds they are given to fund those residency spots.
Im in med school and there have been so many times that I wanted to quit, but I felt like I cant. I felt like that I dedicated so much time to being a doctor that I really didnt have another career path for me. I also thought that if I just left, I still would have so much money to pay back and that my best shot of paying it back was to become a doctor
Do you still regret it? I’m aspiring to be a doctor, and watching this video really opened up my eyes to the fact that residents and early doctors are not just academically challenged. I want to get your opinion on whether or not you think it’s worth it.
@@cooper4325 As for regretting it, I couldnt tell you to be honest. I think that it depends on how well you are able to study and retain and remember info. For me, I was much more of a critical thinking than a remember info guy. So that means that I have a higher difficulty remembering things than others, which med school is like 90% remembering tons of info. As such, I was always at the bottom half of the class in terms of grades (we got bell curves after each exam) and it also means that I need to take a longer time to study to remember things. I ended up dedicating a lot of my time in high school and college that it felt like that trying to better my resume for med school was all that I thought about. Of course, I had social interaction with friends, but medicine/school/ resume building was always a priority, even over my health. I would argue that it affects many students' health (like hypertension and mental health) and med students are actually at increased risk of suicide due to the stress. Im in my third year and was doing my first rotation when I wrote my earlier post. I had a lot of free time to be fair, but I would always have in the back of my mind that I needed to be studying. "Why am I relaxing when I should be studying?" However, in third year, I at least have more time to divide my time the way how I want to. So I gave myself room to do hobbies that I never knew that I wanted like cooking and dancing. Now I work out an hour a day. I dont get the best grades, but I have become more content with it. When I went to my second rotation, I felt more at home and felt much better than my first rotation. In that way, it feels better. I obviously dont know where where you are at in education (high school, undergrad, grad, post grad etc) but I felt like that just trying to get into med school and med school itself can almost take away some of the best years that you will have with people, as someone in my mid twenties. I dont want to discourage you from becoming a doctor, but I think it is important to know that the journey to becoming a doctor is not an easy path for anyone. But after I got a better grasp of what my studying and mental health, and got into an environment that I felt more comfortable in, then it makes med school much more tolerable. I still have much of third year left of other rotations to see how it really is like to be a doctor, but it feels much better than my first two years of med school where it is just a bunch of studying basics and exams. Hope that helps!
@@cooper4325Hello! I’m a resident often working 80+hrs a week and I really gotta say that it’s a hard sell. If it’s worth it or not will be up to you, but I wouldn’t recommend for anyone to go through medical school just to continue grinding it out for 3-7 more years after medical school while they could have been doing something and living life sooner. Most of my friends at my age work decent jobs, are married, some have kids, and have been making a living for 5 years now while I’m still in the process of developing my career. It is not for everyone, and once you start and those loans start to pile up, there’s no turning back.
@cooper4325 What's up man, I know that I'm not the original commenter, but I am also in medical school, and it's just fine. There are hard times, sure, but if you've got good resolve and know that this is the career you feel you can grow and make an impact in, all you have to do is remind yourself what you're doing it for and that is enough. Plus you make great friends that are all struggle bussing through it together.
Sounds like a pretty harsh reality in the US med students and doctors... In Finland studying also in med schools is "free" (covered in taxes), so only debt I will have is only for living costs (maybe around 20-45k€ for the whole studying period). As a general practitioner you can expect to make around 70k€ - 120k€/year gross. Studying takes 6 years and another 6 years if you want to specialize in something.
@@mustang8206 Neurosurgeons I know can make like 300-400k/year and even more I think even in Finland :) But not all doctors will become top surgeons you know
@@Willemies 300-400 for top neurosurgery is legit peanuts compared to US neurosurgeons. Top US neurosurgery is like 2 mill +. Also you get taxed more on the less money you make. Yeah the no debt is cool but US gets way better compensation.
You would think governmenrs would prioritise and encourage more medical students to become doctors and slash debt and fees. Doctors are an important cog in our health system
That would require spending tax money and the only time the government does that is when it benefits them directly. However, most politicians can afford a doctor
In india during residency we get 15k per year which is higher than other jobs here With zero debt as medical college have fees around 100$ for 5 years including hostels
@@maximayette4231 Not everyone gets into RCM :^) . My suggestion to the original poster is to run away from residency in PR and come back to practice if that’s what his goal is, cause even earlier this year residents went almost 3 months without pay. I don’t know how they managed to get by without seeing a dime for so long considering the skyrocketing cost of living, student loan, and the cost of housing.
@@jimmytimmy3680 That’s not going to magically make resident’s paychecks increase. If anything, it would require an entire rework of the current healthcare system considering that it’s based off Medicare and resident pay is also managed by Medicare.
@@MrSandChess Agree. No PR student should even entertain doing residency in PR even if they have never been to the states. PR is a mess in my opinion. Most things in PR are disorganized.
The best way to combat this is to get married prior to residency and live modestly with your spouse's income so that you can use the majority of your resident pay towards your student loan debt. Therefore, after residency you can probably finish paying off all debt within 2 years. If you are not married, then the goal would be to try to pay just enough to stop the interest accruing. Also, do residency in a state like Texas with zero state income tax is huge.
In my country College fees costs around $5,000 per year During internship, you are paid $50 per month During residency you're paid $150 per month If you choose to leave public service and join private sector , you would earn around $300 per month BTW, min wage in my country is $120
What's your country? It would cost 6x$5000=$30,000, and making $1800/year, paying taxes and deductions (being in a higher tax bracket), you'd make $10K per year, and sacrificing up 20% of your take home pay it would take you 30-40 years to repay because that 30K would have grown to 70K with interest.
@sid6554 The income I mentioned was net income after taxes The highest income tax in my country is 25% anyway Interest rates here are over 30% and students loans almost don't exist Families pay the tuition fees for their children Also , brilliant students in high schools get full scholarships for the college Most physicians work in public sector till finishing residency They gain massive experience as they deal with large scales of patients Encountering >100 patient per day is a norm in many specialties Physcians turn into machines that can quickly diagnose within minutes After residency, most physcians travel abroad ( more than 60% of MBBS graduates are living abroad ) The rest start their own private clinics and earn an average of $20 /hour which increase as you gain more fame ( more fame = more demand = higher price for your visits ) In each city , you would find the famous physcians in each specialty making over $100 per hour But as the dollar appreciated 300% against our currency in last 2 years ( another reasons why wages in usd are now extremely low than before ) Most new graduates now prefer to travel abroad A decade ago , residence were paid around $500/month
In india min work hours are 84 hrs/ week & those specialities are considered heaven considering the other ones where residents are surviving on only 3 hours work free time for themselves
I'm a registered dietitian considering going back for med school, and I make less than a resident 😂😭🫠 Less debt though, but honestly that's only because I had scholarships/GI Bill (thanks dad!). With a masters degree now being required and most dietetic internships being didactic we get pretty screwed over on debt (on average) 😬
You know you can do medical tips and tricks as shorts on your main personal RUclips channel and this RUclips channel because they can help you make more money or get more views than a full-length video can sometimes
@@fyzikcsthat’s actually not technically the problem. The issue is the number of residency spots that are limited by the government so medical schools can’t expand the number of seats
@@jimmytimmy3680 There is no shortage in people who want to do residency. There is a shortage in residench seats. There are twice as many applicants for med school as seats, and something like 3% of MDs don't match, much more for DOs, and way more for international grads. The "difficulties" of becoming a physician are legitimately the last thing contributing to the shortage
Can you do a video on deciding whether to go military medicine financially wise? Because I know before military medicine was not financially advised but with the raising interest rates of 9.06% is the same still true?
So, after 4 years of premed, 4 years of harsh medical school, then residency in neurosurgery, I get paid minimum wage and overworked for seven years? All this while debt keeps increasing ? That's insainly unfair, and I'm surprised nothing is done about it As a premed, I'll do everything I can to not get into debt, amazing video, btw. 🎊
@zoeywhite0 As a premed you should first focus on even getting into medical school. The number of premeds who quickly give up on med school is astronomical. The amount of wannabe surgeons in medical school who eventually change their mine for the lifestyle specialities is equally large. The simple fact is the demands of any surgical subspecialty are substantial, and people age faster and their priorities evolve more quickly than the pipeline to becoming any kind of surgeon is typically realized.
@jp32123 I disagree. Even the guy in the video describes how unfair it is because hospitals take advantage of premeds disregarding their mental health. Am I not allowed to complain about such those unfair practices ?
Make medical school free everywhere across the US and create dignified accommodation options (social housing) only for medical, NP and PA students. The state should also cover a portion of the living expenses for residents. US should not seek to make money off of its future health providers. Otherwise, the country may not have any medical providers at all, in the future. View it as a great investment.
No, IMG match rates aren't very good for non-primary care specialties and many states will pay for med school if you work as a primary care physician in an underserved area for 5 years after training
I suggest Miss Nancy William's Laplace is extremely good on that. She is really good on what she does, Now I can pay so many bills because of her help.
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It's graduate medical education. This isn't nursing or any other profession. At the physician level you are supposed to be the expert and the highest authority on the subject. Developing that within a medical speciality takes a long time. The simple fact is that any newly minted MD still requires a ton of support from more senior doctors to handle even the most basic aspects of their speciality at that level. Residents should get paid more, yes. However, this idea that they are just being abused is preposterous. They are still in training. They help things run and support their attendings who can handle a lot more patient volume, but they cannot operate at an attending level. When they can, they have the opportunity to make so much money that there is a reason why you only hear these kind of gripes from residents.
Capitalism has fucked everyone but the very very top. Hospital owners slurp up all the money and understaff nurses and overwork residents. It’s not safe to overwork staff either, when people are tired they are prone to make mistakes and rest is crucial to learning. Especially how much the medical system charges in the United States, it’s dumb dumb and dumber.
@@YummyCracker The average income in America is 63k and the average resident salary is about 63k as well. More senior residents often can substantially improve there pay by moonlighting. Residency is generally only 3 years for the most major specialities like Internal Medicine or Family Medicine. Few residencies exceed 5 years. Even a brand new FM doc (one of these easiest specialities to get into) can find jobs paying 300k as a hospitalist working 2 weeks a month. Residents are underpaid but minimally so. The point shouldn't be for residency to be lucrative, it's training, the point should be that residents should start achieving some semblance of financial freedom and able to independly afford a modest middle class lifestyle.
@@evanmarshall3487Remember there are lots of non primary care care specialties that don’t allow moonlighting. Also some specialities require fellowships after residency to be employable, the reality doesn’t always match what’s in the paper. Even as a fellow you are paid more like a resident.
Moonlighting is program-dependent. Not speciality dependent. Also doesn't change the fact that most residencies pay the average that Americans make. And I can't think of any specialty that requires a fellowship to be employable. Certainly the majority of physicians can find jobs immediately out of residency. Some specialities have high fellowship match rates (like Ortho) but trust me, we don't have to worry about Orthos ending up poor 😂
![Most Competitive Doctor Specialties [2024 Update]](http://i.ytimg.com/vi/MWswiU5aoio/mqdefault.jpg)
Dr. Jubbal digs into the topic of residency pay and shares his personal opinions over on the Kevin Jubbal MD channel: ruclips.net/video/0dmA1HEDuNs/видео.html&t
raise the pay!! 🗣️
Not that I’m against that but like healthcare is so expensive so how can we lower them
@@duckymomo7935not sure what exactly you mean by this, but with how much money residents bring the hospital through patient care, they most definitely can afford to pay residents six figures out of medical school
@@duckymomo7935there’s 10 administrators per one health care professional. The doctors salary is the least of the concern
@@duckymomo7935by paying management less
Please make a video breaking down the loans and paying them as a resident. Show the difference options especially for those who don’t want to deferrer them
The "good" news is that residents DO get extra food stamps in their pay envelopes every two weeks!!!
One of the best videos you’ve made
Thank you!
Plz make a video about how to pay off medical school debt!!!!
If the government is going to be in the business of subsidizing residency spots, they should not let training programs keep close to 50% of the funds they are given to fund those residency spots.
It should be by law, but we all know the people profiting from this will never say anything because they're exploiting residents with no recourse
Im in med school and there have been so many times that I wanted to quit, but I felt like I cant. I felt like that I dedicated so much time to being a doctor that I really didnt have another career path for me. I also thought that if I just left, I still would have so much money to pay back and that my best shot of paying it back was to become a doctor
Do you still regret it? I’m aspiring to be a doctor, and watching this video really opened up my eyes to the fact that residents and early doctors are not just academically challenged. I want to get your opinion on whether or not you think it’s worth it.
@@cooper4325 As for regretting it, I couldnt tell you to be honest. I think that it depends on how well you are able to study and retain and remember info. For me, I was much more of a critical thinking than a remember info guy. So that means that I have a higher difficulty remembering things than others, which med school is like 90% remembering tons of info. As such, I was always at the bottom half of the class in terms of grades (we got bell curves after each exam) and it also means that I need to take a longer time to study to remember things. I ended up dedicating a lot of my time in high school and college that it felt like that trying to better my resume for med school was all that I thought about. Of course, I had social interaction with friends, but medicine/school/ resume building was always a priority, even over my health. I would argue that it affects many students' health (like hypertension and mental health) and med students are actually at increased risk of suicide due to the stress. Im in my third year and was doing my first rotation when I wrote my earlier post. I had a lot of free time to be fair, but I would always have in the back of my mind that I needed to be studying. "Why am I relaxing when I should be studying?" However, in third year, I at least have more time to divide my time the way how I want to. So I gave myself room to do hobbies that I never knew that I wanted like cooking and dancing. Now I work out an hour a day. I dont get the best grades, but I have become more content with it. When I went to my second rotation, I felt more at home and felt much better than my first rotation. In that way, it feels better. I obviously dont know where where you are at in education (high school, undergrad, grad, post grad etc) but I felt like that just trying to get into med school and med school itself can almost take away some of the best years that you will have with people, as someone in my mid twenties. I dont want to discourage you from becoming a doctor, but I think it is important to know that the journey to becoming a doctor is not an easy path for anyone. But after I got a better grasp of what my studying and mental health, and got into an environment that I felt more comfortable in, then it makes med school much more tolerable. I still have much of third year left of other rotations to see how it really is like to be a doctor, but it feels much better than my first two years of med school where it is just a bunch of studying basics and exams. Hope that helps!
@@cooper4325Hello! I’m a resident often working 80+hrs a week and I really gotta say that it’s a hard sell. If it’s worth it or not will be up to you, but I wouldn’t recommend for anyone to go through medical school just to continue grinding it out for 3-7 more years after medical school while they could have been doing something and living life sooner. Most of my friends at my age work decent jobs, are married, some have kids, and have been making a living for 5 years now while I’m still in the process of developing my career. It is not for everyone, and once you start and those loans start to pile up, there’s no turning back.
@cooper4325 What's up man, I know that I'm not the original commenter, but I am also in medical school, and it's just fine. There are hard times, sure, but if you've got good resolve and know that this is the career you feel you can grow and make an impact in, all you have to do is remind yourself what you're doing it for and that is enough. Plus you make great friends that are all struggle bussing through it together.
@ Hello! Thanks so much for your reply!! Definitely gave me a bit more confidence going forward with the whole process. Have a wonderful day!
Sounds like a pretty harsh reality in the US med students and doctors...
In Finland studying also in med schools is "free" (covered in taxes), so only debt I will have is only for living costs (maybe around 20-45k€ for the whole studying period).
As a general practitioner you can expect to make around 70k€ - 120k€/year gross.
Studying takes 6 years and another 6 years if you want to specialize in something.
American doctors may have more debt but they also make a lot more. A heart or brain surgeon can make $1,000,0000+
@@mustang8206 Neurosurgeons I know can make like 300-400k/year and even more I think even in Finland :) But not all doctors will become top surgeons you know
@@Willemies 300-400 for top neurosurgery is legit peanuts compared to US neurosurgeons. Top US neurosurgery is like 2 mill +. Also you get taxed more on the less money you make. Yeah the no debt is cool but US gets way better compensation.
You would think governmenrs would prioritise and encourage more medical students to become doctors and slash debt and fees. Doctors are an important cog in our health system
That would require spending tax money and the only time the government does that is when it benefits them directly. However, most politicians can afford a doctor
Wow, great vídeo. So clear.
In india during residency we get 15k per year which is higher than other jobs here
With zero debt as medical college have fees around 100$ for 5 years including hostels
You realize that we pay our residents more than most of your attending doctors make…right? 😂
Please do the breakdown of the resident costs vs income
PR Med Student here, debt looking about 300k after school, Puerto Rico residency programs pay about 33-37k per year
Ya declaren su independencia.
You should have attended UPR...one of the cheapest US med school. San Juan Bautista, UCC and Ponce are as expensive as the schools in the mainland.
@@maximayette4231 Not everyone gets into RCM :^) . My suggestion to the original poster is to run away from residency in PR and come back to practice if that’s what his goal is, cause even earlier this year residents went almost 3 months without pay. I don’t know how they managed to get by without seeing a dime for so long considering the skyrocketing cost of living, student loan, and the cost of housing.
@@jimmytimmy3680 That’s not going to magically make resident’s paychecks increase. If anything, it would require an entire rework of the current healthcare system considering that it’s based off Medicare and resident pay is also managed by Medicare.
@@MrSandChess Agree. No PR student should even entertain doing residency in PR even if they have never been to the states. PR is a mess in my opinion. Most things in PR are disorganized.
nice video !✌✌
The best way to combat this is to get married prior to residency and live modestly with your spouse's income so that you can use the majority of your resident pay towards your student loan debt. Therefore, after residency you can probably finish paying off all debt within 2 years.
If you are not married, then the goal would be to try to pay just enough to stop the interest accruing.
Also, do residency in a state like Texas with zero state income tax is huge.
In my country
College fees costs around $5,000 per year
During internship, you are paid $50 per month
During residency you're paid $150 per month
If you choose to leave public service and join private sector , you would earn around $300 per month
BTW, min wage in my country is $120
What's your country? It would cost 6x$5000=$30,000, and making $1800/year, paying taxes and deductions (being in a higher tax bracket), you'd make $10K per year, and sacrificing up 20% of your take home pay it would take you 30-40 years to repay because that 30K would have grown to 70K with interest.
@sid6554
The income I mentioned was net income after taxes
The highest income tax in my country is 25% anyway
Interest rates here are over 30% and students loans almost don't exist
Families pay the tuition fees for their children
Also , brilliant students in high schools get full scholarships for the college
Most physicians work in public sector till finishing residency
They gain massive experience as they deal with large scales of patients
Encountering >100 patient per day is a norm in many specialties
Physcians turn into machines that can quickly diagnose within minutes
After residency, most physcians travel abroad ( more than 60% of MBBS graduates are living abroad )
The rest start their own private clinics and earn an average of $20 /hour which increase as you gain more fame ( more fame = more demand = higher price for your visits )
In each city , you would find the famous physcians in each specialty making over
$100 per hour
But as the dollar appreciated 300% against our currency in last 2 years
( another reasons why wages in usd are now extremely low than before )
Most new graduates now prefer to travel abroad
A decade ago , residence were paid around $500/month
Are you from Bangladesh by any chance?
@@pratikkumarbanik6492
No
Just commenting for the algorithm 💜
In india min work hours are 84 hrs/ week & those specialities are considered heaven considering the other ones where residents are surviving on only 3 hours work free time for themselves
Oh god. Can you please elaborate more on your working hours there? Want to increase some self-esteem for the long week ahead :(
not saying residents aren’t making enough money, but can’t you defer loans if you agree to 10 years of public service in an academic setting?
I'm a registered dietitian considering going back for med school, and I make less than a resident 😂😭🫠
Less debt though, but honestly that's only because I had scholarships/GI Bill (thanks dad!). With a masters degree now being required and most dietetic internships being didactic we get pretty screwed over on debt (on average) 😬
I heard residents at some NJ hospitals get paid $80k a year. Can you confirm this?
You know you can do medical tips and tricks as shorts on your main personal RUclips channel and this RUclips channel because they can help you make more money or get more views than a full-length video can sometimes
We have a Shorts channel @medschoolinsidersshorts
That’s why there is a shortage.
Not true. There’s a shortage because there’s not enough medical school spots for pre-meds
@@fyzikcsthat’s actually not technically the problem. The issue is the number of residency spots that are limited by the government so medical schools can’t expand the number of seats
@fyzikcs no it's because there aren't enough residency seats
1. Extremely Expensive
2. Extreme Study and Timeframe
3. Stressful
@@jimmytimmy3680
There is no shortage in people who want to do residency. There is a shortage in residench seats.
There are twice as many applicants for med school as seats, and something like 3% of MDs don't match, much more for DOs, and way more for international grads.
The "difficulties" of becoming a physician are legitimately the last thing contributing to the shortage
Can you do a video on deciding whether to go military medicine financially wise? Because I know before military medicine was not financially advised but with the raising interest rates of 9.06% is the same still true?
So, after 4 years of premed, 4 years of harsh medical school, then residency in neurosurgery, I get paid minimum wage and overworked for seven years? All this while debt keeps increasing ? That's insainly unfair, and I'm surprised nothing is done about it
As a premed, I'll do everything I can to not get into debt, amazing video, btw. 🎊
Wtf is "harsh medical school in neurosurgery"
@@evanmarshall3487 mistake on my part, sorry for the confusion 😅
@zoeywhite0
As a premed you should first focus on even getting into medical school. The number of premeds who quickly give up on med school is astronomical. The amount of wannabe surgeons in medical school who eventually change their mine for the lifestyle specialities is equally large. The simple fact is the demands of any surgical subspecialty are substantial, and people age faster and their priorities evolve more quickly than the pipeline to becoming any kind of surgeon is typically realized.
This is YOUR decision. Stop whining.
@jp32123 I disagree. Even the guy in the video describes how unfair it is because hospitals take advantage of premeds disregarding their mental health.
Am I not allowed to complain about such those unfair practices ?
NEONATOLOGY video please
$13.57?! Thats what im getting paid rn as a pct at a hospital !
Good news is that you will be living full time in hospital and will have good savings 😂
Should I not come to US after i graduate from medicine then? 😭 I was thinking of studying neurology there after graduating from my country.
Please give us the loan break down.
In my country they don't get any salary, not a single cent
Make medical school free everywhere across the US and create dignified accommodation options (social housing) only for medical, NP and PA students.
The state should also cover a portion of the living expenses for residents.
US should not seek to make money off of its future health providers. Otherwise, the country may not have any medical providers at all, in the future. View it as a great investment.
Capitalism says no, everyone will be milked of all they have so the big man can make a couple million more dollars
Its great as compared to Pakistan where you get paid about $6000/year in residency and after that you can start from about $10,000/year.
Unionize to stop this rampant greed.
How to apply in pre med as an international student on scholarships. Can you please suggest me.i need your help
Would you all recommend just going overseas to get the medical degree and just take the exam in the US to become licensed?
@@jimmytimmy3680 of course. Its the Best way, im from Colombia, and I had no student loans. The problem is the language.
No, IMG match rates aren't very good for non-primary care specialties and many states will pay for med school if you work as a primary care physician in an underserved area for 5 years after training
If you take good scores and you are dedicated to it it is not impossible. Plus, you are US. So it is easier than Non US
$300 in groceries? where?!
We based this on USDA-suggested low cost grocery budget average: www.usatoday.com/money/blueprint/credit-cards/average-grocery-cost/
Work at an IHS Hospital and get up to $50,000 forgiven for a 2 yr service. Jk just an FYI
It’s a huge trap
A trap? Like no one knew residence don’t get paid much? 😂
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
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This is insane! ☹️
How to be a medical in examiner
This shouldn't be a thing. So much unnecessary costs and reduced salary for a profession that is key and essential for any modern society.
It's graduate medical education.
This isn't nursing or any other profession. At the physician level you are supposed to be the expert and the highest authority on the subject. Developing that within a medical speciality takes a long time. The simple fact is that any newly minted MD still requires a ton of support from more senior doctors to handle even the most basic aspects of their speciality at that level.
Residents should get paid more, yes. However, this idea that they are just being abused is preposterous. They are still in training. They help things run and support their attendings who can handle a lot more patient volume, but they cannot operate at an attending level.
When they can, they have the opportunity to make so much money that there is a reason why you only hear these kind of gripes from residents.
Capitalism has fucked everyone but the very very top. Hospital owners slurp up all the money and understaff nurses and overwork residents. It’s not safe to overwork staff either, when people are tired they are prone to make mistakes and rest is crucial to learning. Especially how much the medical system charges in the United States, it’s dumb dumb and dumber.
How to be a medical examiner
Med school sucks.
You’ll be making more than the typical American. Manage your money well and you’ll be fine.
No, not in residency.
@@YummyCracker
The average income in America is 63k and the average resident salary is about 63k as well.
More senior residents often can substantially improve there pay by moonlighting.
Residency is generally only 3 years for the most major specialities like Internal Medicine or Family Medicine. Few residencies exceed 5 years.
Even a brand new FM doc (one of these easiest specialities to get into) can find jobs paying 300k as a hospitalist working 2 weeks a month.
Residents are underpaid but minimally so. The point shouldn't be for residency to be lucrative, it's training, the point should be that residents should start achieving some semblance of financial freedom and able to independly afford a modest middle class lifestyle.
@@evanmarshall3487 well said
@@evanmarshall3487Remember there are lots of non primary care care specialties that don’t allow moonlighting. Also some specialities require fellowships after residency to be employable, the reality doesn’t always match what’s in the paper. Even as a fellow you are paid more like a resident.
Moonlighting is program-dependent. Not speciality dependent. Also doesn't change the fact that most residencies pay the average that Americans make.
And I can't think of any specialty that requires a fellowship to be employable. Certainly the majority of physicians can find jobs immediately out of residency. Some specialities have high fellowship match rates (like Ortho) but trust me, we don't have to worry about Orthos ending up poor 😂