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Worth repeating...
Doctors (particularly specialist /surgeons) put their life on hold for YEARS. Take the average 18 year old and tell him you will need to study 4 years undergrad, 4 years med school, 1-4 years residency 1-2 years of a fellowship(if specializing) before you see $$. Docs make very little hourly during these years. They are one of the few professions where you literally are chasing the dangling carrot and it does pay off in the end...12+ years later. Long term goals. I have a difficult time believing most go into medicine for the money. Very few do and I am sure it is difficult to watch your friends that have a 4 year degree start making decent money in their mid 20's pass you by, taking the exotic vacations or vacations,...period as you have very little "play" time while you study nose to the grind stone, buying the nice car, first home etc. then knowing you will make alot one day but when you are in your 30's. I am an RN. The majority of doctors love their patients and unfortunately often out of necessity ,prioritize their patients needs ahead of family and their pursuit of happiness (missing Christmas, birthdays,their kids activities etc). Most also are up before sunrise and work 10+hours a day and then when on call often can be up all night and may have to do a clinic the following day with no sleep. Is this safe?? No but it happens. How would you like to do any job and seee no pay for it?? Do you ever have clients cuss you out while you are helping them? I have been in the ER when a druggie/drunk comes in and while the doctor is trying to stitch them back together or save their life, they get to hear the often non paying patient call them every nasty name in the book, claw and even kick at them goin g so far as to even insult the doctors mothers, wives to get a rise. I have had to walk away yet the doc continues to do what is necessary to save a life so he tunes out the rant.The ones to bash in my opinion are the insurance companies and greedy lawyers!
I'm not in the medical field, but I can appreciate the tolerance required of med students who have to endure a huge world of crap in order to achieve their goals. On top of all that, many of them acquire almost half a million in debt by the time they become licensed. That right there is one damn good reason to make a six figure salary!
no. docs NEED to make 6 figures. they put in far too much time, heart, and horrible quarter-million loan dollars (or more) into the profession to make anything less. especially docs who will become surgeons. who the hell would do this kind of job if it werent compensated well enough? they deserve every last penny of what they make.
The specialist are usually adequately paid, but family practitioners and pediatricians are grossly underpaid in my opinion.
This is the reason there is a shortage of family doctors today. Most family practice clinics are starting to depend more and more on advanced practice nurses (APN) to give patient care.
This is not necessarily a bad thing for patient care, but it is resulting in less and less money being offered for family docs.
Since I am interested in the medical profession ,could u clarify if the medical school graduates make any money in those 1-4 years residency & 1-2 years fellowship..?
Don't they have any salary,any compensation?
How do they ...survive those 2-6 years after graduation..?
Let's not forget also that any doctor that has Medicare patients is virtually giving away his or her medical services because the government reimburses at such a low rate (there was a further reduction last month). Mind you, these patients demand/expect the same exact level of care as the private patients receive but the doctors are practically providing it for free. Any physician who practices in an area that has a high level of these patients due to locale or specialty will never achieve the earning power that they expected to and deserve to. My sister is an opthalmologist in a town with a lot of retirees and people on state assistance and she has seen her income plummet over the years.
Well, first off in my mind is my kid's pediatrician who is brilliant, and I believe it is due to the fact that she was an RN for years before going back to Med School.
She now owns the practice with another Dr. and they are so busy, it's insane, but we were having a conversation one day and she shrugged and said, "yes, i used to make more money and work less as an RN than I do now. Go figure, oh well."
Well, first off in my mind is my kid's pediatrician who is brilliant, and I believe it is due to the fact that she was an RN for years before going back to Med School.
She now owns the practice with another Dr. and they are so busy, it's insane, but we were having a conversation one day and she shrugged and said, "yes, i used to make more money and work less as an RN than I do now. Go figure, oh well."
I think she's full of it, with the comment she made more money as an RN.
According to Payscale.com, the average hourly salary for a Pediatric Nurse with one year of experience is $20.36. A nurse with 5-9 years of experience earns approximately $26.83 an hour, and a nurse with 10-19 years of experience averages $29.53 per hour.
Multiply the hourly by 2000 and you get the yearly. So ~$40K- $60K, depending on experience. Those numbers sound right to me, an experience RN.
According to Payscale.com, the average hourly salary for a Pediatric Nurse with one year of experience is $20.36. A nurse with 5-9 years of experience earns approximately $26.83 an hour, and a nurse with 10-19 years of experience averages $29.53 per hour.
Multiply the hourly by 2000 and you get the yearly. So ~$40K- $60K, depending on experience. Those numbers sound right to me, an experience RN.
It's probably she worked fewer hours as an RN.
She may very well be telling the truth. It's not that hard for an RN to make close to or slightly over 100K/year. City hospitals pay higher, with experience and shift differential it's easily 40+/hr. Throw some overtime in there, and you're near six figures. With 12 hour shifts, you can work 4 days/week and still get 16 hours overtime per pay.
So, it's not at all inconceivable that she worked fewer hours and made more as an experienced RN than as a new MD.
She may very well be telling the truth. It's not that hard for an RN to make close to or slightly over 100K/year. City hospitals pay higher, with experience and shift differential it's easily 40+/hr. Throw some overtime in there, and you're near six figures. With 12 hour shifts, you can work 4 days/week and still get 16 hours overtime per pay.
So, it's not at all inconceivable that she worked fewer hours and made more as an experienced RN than as a new MD.
Here is the highest paying RN job I could find at Denver Health (a public hospital):
Even at the highest salary level, you'd make about $86K/yr. Nurses who work 12 hr. shifts work 3 days/wk. There is no way, physically, you could do more.
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