| Topic Name: |
life as a physician |
| Message Name: |
what's worse? |
| Date Posted: |
06/17/2001 |
| In Reply To: |
From reading this board, there are obviously some serious doctor-haters in the crowd. Not sure why... I guess they think that all docs are pompous asses that drive around in fancy cars and play golf every wednesday.
Maybe it used to be that way, but everyone in my practice works 6 or 7 days a week, and although they're not starving, they certainly aren't driving anything flashy. Ford Tauruses and Honda Civics, from what I can see.
And yes, we DO have to market... talking to community groups for our health systems, advertising campaigns, etc. Low risk? Have you checked out malpractice premiums lately? If you practice in one of the states where awards are high, you'll have a fun time just finding an insurer... our insurer just dropped the whole health system because the state has no tort reform, no cap on awards, and pretty soon... no docs that want to practice OB or surgery.
Check out the AAMC numbers... applications to med schools are dropping, probably because very few bright people want to risk spending $200K on school, 30K/year for 3-7+ years in training, to come out and be an employee of an HMO. |
| Message: |
To You Doctors,
I am an MBA who recently lost his job in the recent waves of cuts among investment bankers. The money that they pay people in investment banking is obscenely high relative to the amount of skill and expertise involved. However, it's a double edged sword. When you are out of business, you don't really have a set of solid skills that warrant high compensation to fall back on. Even the most complicated banking transaction is something that another young MBA can learn in a matter of months. Not many people make it to investment banking, and fewer still to the megabuck levels. You compete not on your knowledge but rather on your sales skills and political savvy. It's a distasteful field from that perspective. You must kiss a lot of asses and when you are out, there is a good chance that you are out permanently. That's not something you doctors have to worry about. You are in a noble profession that offers a good life. I doubt if many physicians would really want to stomach the brown-nosing or tolerate the risk of a business career. Consider yourselves lucky.
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