lurker
shocking
- Joined
- Oct 27, 2003
- Posts
- 158
If you make less than 100k as a lawyer, you suck at life. (less the first few years out of law school)
Same goes for doctors and dentists. Maybe 250k for the former in most instances.
family practice doctors generally make 100-130k out of residency. they then top out around 160-180. the problem, as has been noted here, is that they usually owe 150-200k in student loans.
I knew someone that went to med school, became a family practice doctor, and came out of residency owing 180k before she decided she didn't really like practicing medicine after all. so here she is in debt up to her eyeballs, having to work 20 years just to pay off the student loan debt, before she can even think about doing something else with her life. not to mention, she pretty much gave up her 20s, finishing her residency at 29. if you do go to medical school, make sure that's really what you want to do, because even if you want to get out, you probably won't be able to.
granted, those salaries are for primary care physicians. the capacity to make more is much higher as a specialist.
not to mention, things are going in the wrong direction. as of January 1st, medicare reimbursement is going down 5% across the board. as a result, many specialties are seeing paycuts of up to 11%.
I'd agree with Goggles....with 20/20 hindsight, and MBA would have been the best way to go.