| Topic Name: |
life as a physician |
| Message Name: |
Look carefully: you've proved you're mistaken |
| Date Posted: |
05/01/2001 |
| In Reply To: |
Here's some more info for you... physician's salaries are stable to decreasing (avg decrease 1-4% 1997-1998, also AMA info). And salaries do not continue to increase throughout a physician's career. They generally stabilize after 3-5 years in practice.
Just for your enjoyment, here's the data for bulge bracket invesment bankers:
1st year analyst- bachelor's degree: 60-110K
3rd year analyst- bachelor's degree: 80-200K
1st year associate- MBA: 125-235K
3rd year associate:
150-450K
Asst. VP (2-4yrs):
200-600K
VP (3-6 yrs):
250-800K
Assoc director (4-8yrs):
250K-1MM
Principal (5-10yrs):
300K-1.2MM
Dept head (10+yrs):
750K-70MM
Enjoy. |
| Message: |
Your first point, that physician salaries are stable or decreasing, is dead wrong. You should know better. The fact is that the highest paid subspecialists now make substantially less than they did five years ago. That trend will certainly continue. So? Your point from the outset has been that PRIMARY CARE physicians face a relatively modest future, particularly compared with their peers in other fields. Your statistic conveniently masks the truth: just as income for the highest paid subspecialists has dropped, income for primary care physicians has INCREASED over the past five years. Further, you have NO credible evidence that primary care salaries have declined or will decline -- because there is none. So thanks for including that data. I did enjoy it.
As for relative salaries in other fields: Your figures point out exactly what I've said. There is an enormous range of income among businessmen. Sure, the top investment bankers, as they progress in their careers, make a ton of money. Your figures show that. But those figures also show that analysts, who comprise the VAST majority of investment bankers, make a wide range of income. More important, your figures merely describe the range of income, not their prevalence. How to tell what most people make? Simply compare AVERAGE incomes across professions. When you do that, guess which profession is highest paid? You guessed it, pal.
You know, it's a good thing you didn't go to law school.
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