I want to become either a doctor or lawyer. I am not going have my choice influenced by money, but just as a fact I want to know how much each of these professions is paid.
This is such a general question.
A general physician (first time doc after all schooling + residency) makes $80-150k. But it's nothing when you're swimming in debt and have been in school for many many years. When you go for specialty (which is another 5-10 yrs), that's when you make big money.
Whoohoo, guessed it perfectly.
Same for lawyers. It's an oversaturated market. Only the top 1% of class will work for big firms and make bank. The other 99% of the class will become mediocre lawyers or ambulance chasers.
I know plenty of people that make good money just with bachelor's degree + climbing corp ladder vs all that time you spent in law/medical school.
This is such a general question.
A general physician (first time doc after all schooling + residency) makes $80-150k. But it's nothing when you're swimming in debt and have been in school for many many years. When you go for specialty (which is another 5-10 yrs), that's when you make big money.
Whoohoo, guessed it perfectly.
Same for lawyers. It's an oversaturated market. Only the top 1% of class will work for big firms and make bank. The other 99% of the class will become mediocre lawyers or ambulance chasers.
I know plenty of people that make good money just with bachelor's degree + climbing corp ladder vs all that time you spent in law/medical school.
Find something else to do. Seriously. I don't know about law, but health care? You are going to hate what it's becoming.
docs had little to do with it. HMOs fucked over everyone
There's far more students graduating Law school than there are positions for working lawyers. And only the top few percent {...and mostly from top schools} make real bank after graduation.
http://www.salon.com/2013/04/06/law_school_is_a_sham/
http://ideas.time.com/2013/03/11/just-how-bad-off-are-law-school-graduates/
Not necessarily. The terms family physician and general practitioner have significant overlap in their meanings in North America, but some of them have completed a family medicine residency while others have not.In America, a general physician (General Practitioner) is someone that didn't finish residency, and quit after completing the first year. specialists are 2 - ?5? years of residency after the first (internship) year, depending on the field of specialization. Salaries are all over the place depending on what you practice and if you're teaching and doing research.
Residency is paid, but most don't pay a typical salary. A friend of mine was making around $45k a year 5 years ago in his residency in Tennessee. That was working 40 hours a week, but free drug rep lunches padded that pay a little. When in debt, every little bit helps. I think he was most disappointed because after he completed his residency in TN, they wouldn't sign off on his medical license because he went to school out of the country and they didn't recognize the school he attended.....yet they allowed him to practice here as a resident. He moved back to California as a result of it.while thats correct not all specialtys are 5+ years
normally its this
College 4 years
Med School 4 years
Resedencey 3-5 years - paid
fellowship - 1-x years depending - paid
I think when my bro in law finished med school he had something like 250k in student loans to pay back
Residency is paid, but most don't pay a typical salary. A friend of mine was making around $45k a year 5 years ago in his residency in Tennessee. That was working 40 hours a week, but free drug rep lunches padded that pay a little. When in debt, every little bit helps. I think he was most disappointed because after he completed his residency in TN, they wouldn't sign off on his medical license because he went to school out of the country and they didn't recognize the school he attended.....yet they allowed him to practice here as a resident. He moved back to California as a result of it.
Not necessarily. The terms family physician and general practitioner have significant overlap in their meanings in North America, but some of them have completed a family medicine residency while others have not.
Furthermore, that one year of post med-school training you mention didn't have to be part of a residency. It was quite common for people to do a rotating internship, and then go into general practice after that. These rotating internship programs were completely independent of specific longer residency programs.
Residency is paid, but most don't pay a typical salary. A friend of mine was making around $45k a year 5 years ago in his residency in Tennessee. That was working 40 hours a week, but free drug rep lunches padded that pay a little. When in debt, every little bit helps. I think he was most disappointed because after he completed his residency in TN, they wouldn't sign off on his medical license because he went to school out of the country and they didn't recognize the school he attended.....yet they allowed him to practice here as a resident. He moved back to California as a result of it.
Law field already imploded. Way too many people thought they would get rich and now there is gazzilion lawyers with no jobs.
Within next 5 years I believe same thing will happen to Doctors as it's the field that's being overflooded right now.....and we all know healthcare is way overdue for some major changes.
Uhhh, source for your prediction? I've always been under the impression that the number of doctors is fairly tightly controlled by the AMA by controlling how many students are allowed into med school.