Majors/careers for a kid who wants money and work/life balance

Anonymous
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Anonymous wrote:
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Anonymous wrote:
Anonymous wrote:So he basically wants money but doesn’t want to work hard? Isn’t that what you are really saying, OP?


That’s the dream! Don’t be jealous you didn’t think of this.

Dermatologist or orthodontist. Hard to get into but the careers aren’t as stressful as other kinds of medicine. But you make bank.


I don't see him wanting to go through medical school or residency.


He will NEVER make it thru. My kid who is a resident doctor put in 120 hours last 7 days. That's like 17 hours/day in avg. I don't see OP's kid willing to do that.


Physician here. This is not typical any longer. I did my residency at Stanford, and even back then it wasn't like this. Now, many residents are unionized, get Uber vouchers after call, 80-hr max, etc. Besides, residency isn't the issue. The burnout comes much later, mid career, and not at all related to long hours.

Regardless, I agree about avoiding medicine.


Can you say more about this? What's do you see as the cause of burnout?


NP. All my physician friends in our 50s are in various mode of burnout mitigation or recovery. Most pervasive sentiment is loss of autonomy in clinical practice, especially in ambulatory medicine. Sure, hours are fine (8 hrs of clinic). But every year, hospital C-suite administrators and even academic departments (ie not private equity owned private practice) take away clinician's scheduling flexibility and force docs to add more patient slots or double book every hour. I miss the days I used to 'only' have 24 patients on my schedule. Now, it's 30+.

Imagine having 30 meetings in one day with 30 notes to complete, only to go home and have an inbox full of time-sensitive messages you did not have time to open during the course of the said 30 meetings.

Even if I find the medical aspect intellectually rewarding and fulfilling, I am simply drained every day, every weekend, and because it never ends, it becomes a grind. The happiest physician friend is a neurosurgeon. Maybe things are different for surgeons with better nursing or PA support.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Poster with a poli sci undergrad and then a top MBA. I now work for a Fortune 500 known for good work life balance.

I make enough to be in the top 10% of the population in household income, but never really have much to do after work at this stage of my career, and have not for the past 10-15 years.

I have told my similarly math-oriented kid in college now to major in business with a finance or accounting focus, or data science/analytics. Contrary to some popular theories, AI is not taking these jobs and in fact it’s really going to be a tool that people in these jobs will use in the future.

I think it will be easy to be a Director/sr director/VP level in many companies, large and small, with this kind of background undergrad.


What makes you say this? Everyone I know in these fields is convinced that AI is going to change everything .

NP but it’s honestly shocking how easily the public is convinced by tech bros with overvalued companies. AI is a readjustment, but the whole “taking all the jobs” bit is so some douchey 20 year old who just graduated Stanford can get investors to send him an obscene amount of money for a company that Open Ai and inevitably Google will buy. It’s jarring because in the tech space currently the discussion is Open Ai needing to eventually collapse, but somehow that isn’t reaching most employees yet.

+1, this year felt like public gaslighting. I can't get AI to do basic bookkeeping tasks, but we expect it to replace accountants okay. I have no doubt that AI is great at writing basic code, which is about all I've used it for, but it really doesn't seem to do much of its job very well and will continue to need close inspection.


Same here! we are getting pushed to demonstrate its capabilities at my workplace and when it comes to math and analysis it fails every time. Or the prompts need to be so detailed and long they are not time saving.
Anonymous
I think doctors that do concierge medicine have more control of their hours and avoid burnout and they get paid cash instead of insurance. I know an OB/gyn who switched to concierge - now she does mostly menopause and women’s ‘wellness’ , no longer does OB, and only the most minimal surgeries - now she has a great lifestyle and really great $$
Anonymous
Get adopted by a billionaire.
Anonymous
Anonymous wrote:Forensic pathologist


they do not have work/life balance. Crime doesn't stop at 5pm and then restart at 8am.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So he basically wants money but doesn’t want to work hard? Isn’t that what you are really saying, OP?


That’s the dream! Don’t be jealous you didn’t think of this.

Dermatologist or orthodontist. Hard to get into but the careers aren’t as stressful as other kinds of medicine. But you make bank.


I don't see him wanting to go through medical school or residency.


He will NEVER make it thru. My kid who is a resident doctor put in 120 hours last 7 days. That's like 17 hours/day in avg. I don't see OP's kid willing to do that.


Physician here. This is not typical any longer. I did my residency at Stanford, and even back then it wasn't like this. Now, many residents are unionized, get Uber vouchers after call, 80-hr max, etc. Besides, residency isn't the issue. The burnout comes much later, mid career, and not at all related to long hours.

Regardless, I agree about avoiding medicine.


80 hours in a week is still a ton. I worked 90 hours a week for three months once and was a complete zombie by the end. Was significantly less productive past 60 hours as well to be honest.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I have a sophomore who would like to have a comfortable lifestyle. He’s a smart kid, who does well in school, who likes a comfortable lifestyle. He thinks he would be happier with a job he “didn’t hate” that gave him $ to do what he likes on the weekends, than a job he loves with uncertain income, or one with long hours.

He does well in school, math comes easily to him. He’s wondered about careers in data, finance, etc . . . Someone told him patent attorney is a good choice if you want interesting work and a good life style.

Any suggestions for majors and careers that might be a fit?


If you want to be a patent attorney, you probably want an engineering degree.

The best paid patent attorneys are probably litigators.

The venn diagram of engineers that would also make good litigators is pretty small. You are a rare talent and you will be paid like you are a rare talent if you pursue patent law.

Lol. I think many engineers could make decent litigators, but would they want to be? They could do briefing but may be more of a second chair presence. Litigation is not typically for someone who just wants to chill, though.


An engineer that can write persuasively?
Why not get some venture capital firm to fund your start up and sell it to google?


most engineers can't write and hate writing. ask me how i know it.

AI can do the first draft now, though. Engineers should be decent enough at implementing AI in law.
Anonymous
Anonymous wrote:So he basically wants money but doesn’t want to work hard? Isn’t that what you are really saying, OP?


Not wanting to fall into the trap of working ten or eleven hours a day, or checking in on weekends doesn't mean someone doesn't want to work hard.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So he basically wants money but doesn’t want to work hard? Isn’t that what you are really saying, OP?


That’s the dream! Don’t be jealous you didn’t think of this.

Dermatologist or orthodontist. Hard to get into but the careers aren’t as stressful as other kinds of medicine. But you make bank.


I don't see him wanting to go through medical school or residency.


He will NEVER make it thru. My kid who is a resident doctor put in 120 hours last 7 days. That's like 17 hours/day in avg. I don't see OP's kid willing to do that.


Physician here. This is not typical any longer. I did my residency at Stanford, and even back then it wasn't like this. Now, many residents are unionized, get Uber vouchers after call, 80-hr max, etc. Besides, residency isn't the issue. The burnout comes much later, mid career, and not at all related to long hours.

Regardless, I agree about avoiding medicine.


Can you say more about this? What's do you see as the cause of burnout?


NP. All my physician friends in our 50s are in various mode of burnout mitigation or recovery. Most pervasive sentiment is loss of autonomy in clinical practice, especially in ambulatory medicine. Sure, hours are fine (8 hrs of clinic). But every year, hospital C-suite administrators and even academic departments (ie not private equity owned private practice) take away clinician's scheduling flexibility and force docs to add more patient slots or double book every hour. I miss the days I used to 'only' have 24 patients on my schedule. Now, it's 30+.

Imagine having 30 meetings in one day with 30 notes to complete, only to go home and have an inbox full of time-sensitive messages you did not have time to open during the course of the said 30 meetings.

Even if I find the medical aspect intellectually rewarding and fulfilling, I am simply drained every day, every weekend, and because it never ends, it becomes a grind. The happiest physician friend is a neurosurgeon. Maybe things are different for surgeons with better nursing or PA support.


Another new poster, physician couple as are the majority of my multi-specialty group practice. Two physicians in the past 20 years have retired or left medicine due to burnout earlier than planeed. All of the others have retired when they planned to, often at age 58-65 due to having plenty saved, some work past 70 by choice because they love it.
Residency as PP says is easier now, 80 hr a week average, for 75k-80k annually, whereas it was 27-30k in 2000-2003 and there were no hour caps (changed around 2003-4). Adjusting for rent in my med school in the mid atlantic and spouse's in boston, the resident salary is significantly better. The hours are mixed differently, but overall better. 80hr average remains difficult. Nothing is as hard as residency. Dermatology friends make 450+k. Many docs (peds, endocrine, gyn, plastics) we know are part time(33-35 hrs a week, or 3 full days, not 45-50) and make 200-300k as Part time (peds is the lower one).
The subspecialists in our multigroup as well as the hospital owned colleagues we have in other parts of midatlantic to northeast make 500+k full time if they want to maximize to 30 patients a day plus maximal procedures. They do not have to do that. That puts someone at the top 10% of production.
95% of medical practice is RVU based: your pay is based on the work you do. It has been like this for the majority of the past 20 years, not new. Yes there are bonuses given at large hospital based groups for the top producers but you can choose not to chase those. At teaching hospitals your research funding is part of your salary, but you often have days dedicated to research rather than seeing 22-30 patients 4.5 days a week. There are plusses and minuses to the different models, salarywise and lifestylewise. These are all choices medical residents make when starting their job search.

Internal med "max" production in our group makes 450k (no procedures) for 4.5 weekdays, 26 pt a day is the max our schedule holds for IM, and no weekends. That salary and those hours/volumes are fairly standard for the top producing IM docs across the region and up the coast. Those of us who want better lifestyles and ability to leave work 4:30pm on our long weekdays, or block for school events for our kids, still have one weekday as a half-day (full-time schedule is 4.5), zero weekends, "settle" for the average production salary of around 360k. 360k is plenty of money for one person especially when the spouse is also making similar as a doc.

While I love my job and have great work-life balance as do most colleagues, it is not a job for someone like OP who sounds as though they don't want to work hard yet want the big money. When residency is 3-6 years after 4 yrs of med school after 4 yrs of working hard to get almost all As undergrad while doing research and volunteering, it is not an easy path to big $.
I have never heard of anyone with a lot of $ who coasted. We have lawyers who worked their butts off for years to have a good life balance now, private equity friends and those who started and sold companies who have great lifestyles at 50 but most certainly worked their butts off in the early years, more than 80 hrs per week.
Anonymous
Anonymous wrote:
Anonymous wrote:So he basically wants money but doesn’t want to work hard? Isn’t that what you are really saying, OP?


Not wanting to fall into the trap of working ten or eleven hours a day, or checking in on weekends doesn't mean someone doesn't want to work hard.


That's far from OP's kid
Anonymous
Anonymous wrote:
Anonymous wrote:OP here,

Someone, not here, said data science. Any thoughts on that? I feel like it would play to his strengths.


PP here from the Fortune 500 company. I think data science is a great major, because companies will always need PEOPLE to use tools like AI but also Python, R, and other analytical tools to understand data and make decisions with the information.

AI can’t run itself. My company has 50+ roles at corporate that analyze our business, web traffic, Revenue, customer behavior. These all aren’t going to be outsourced to India or done solely by a sentient computer any time soon. The head of our AI dept has a phd from Stanford in data science/analytics. They don’t hire people with English degrees or without data analysis skills in that department.


NP What's your view of a business degree with data science minor? Or is full data science the way to go? And these guys also need to be able to write well and communicate, otherwise that data isn't helping.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:OP here,

Someone, not here, said data science. Any thoughts on that? I feel like it would play to his strengths.


PP here from the Fortune 500 company. I think data science is a great major, because companies will always need PEOPLE to use tools like AI but also Python, R, and other analytical tools to understand data and make decisions with the information.

AI can’t run itself. My company has 50+ roles at corporate that analyze our business, web traffic, Revenue, customer behavior. These all aren’t going to be outsourced to India or done solely by a sentient computer any time soon. The head of our AI dept has a phd from Stanford in data science/analytics. They don’t hire people with English degrees or without data analysis skills in that department.


NP What's your view of a business degree with data science minor? Or is full data science the way to go? And these guys also need to be able to write well and communicate, otherwise that data isn't helping.


I work with data scientists and do the communication piece—they really don’t have to do that. TBH the best ones come out of hard sciences, not data science. I think it’s a problematic field in terms of job prospects.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So he basically wants money but doesn’t want to work hard? Isn’t that what you are really saying, OP?


Not wanting to fall into the trap of working ten or eleven hours a day, or checking in on weekends doesn't mean someone doesn't want to work hard.


That's far from OP's kid


That’s exactly my kid. — OP
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So he basically wants money but doesn’t want to work hard? Isn’t that what you are really saying, OP?


That’s the dream! Don’t be jealous you didn’t think of this.

Dermatologist or orthodontist. Hard to get into but the careers aren’t as stressful as other kinds of medicine. But you make bank.


I don't see him wanting to go through medical school or residency.


He will NEVER make it thru. My kid who is a resident doctor put in 120 hours last 7 days. That's like 17 hours/day in avg. I don't see OP's kid willing to do that.


Physician here. This is not typical any longer. I did my residency at Stanford, and even back then it wasn't like this. Now, many residents are unionized, get Uber vouchers after call, 80-hr max, etc. Besides, residency isn't the issue. The burnout comes much later, mid career, and not at all related to long hours.

Regardless, I agree about avoiding medicine.


Can you say more about this? What's do you see as the cause of burnout?


NP. All my physician friends in our 50s are in various mode of burnout mitigation or recovery. Most pervasive sentiment is loss of autonomy in clinical practice, especially in ambulatory medicine. Sure, hours are fine (8 hrs of clinic). But every year, hospital C-suite administrators and even academic departments (ie not private equity owned private practice) take away clinician's scheduling flexibility and force docs to add more patient slots or double book every hour. I miss the days I used to 'only' have 24 patients on my schedule. Now, it's 30+.

Imagine having 30 meetings in one day with 30 notes to complete, only to go home and have an inbox full of time-sensitive messages you did not have time to open during the course of the said 30 meetings.

Even if I find the medical aspect intellectually rewarding and fulfilling, I am simply drained every day, every weekend, and because it never ends, it becomes a grind. The happiest physician friend is a neurosurgeon. Maybe things are different for surgeons with better nursing or PA support.


Another new poster, physician couple as are the majority of my multi-specialty group practice. Two physicians in the past 20 years have retired or left medicine due to burnout earlier than planeed. All of the others have retired when they planned to, often at age 58-65 due to having plenty saved, some work past 70 by choice because they love it.
Residency as PP says is easier now, 80 hr a week average, for 75k-80k annually, whereas it was 27-30k in 2000-2003 and there were no hour caps (changed around 2003-4). Adjusting for rent in my med school in the mid atlantic and spouse's in boston, the resident salary is significantly better. The hours are mixed differently, but overall better. 80hr average remains difficult. Nothing is as hard as residency. Dermatology friends make 450+k. Many docs (peds, endocrine, gyn, plastics) we know are part time(33-35 hrs a week, or 3 full days, not 45-50) and make 200-300k as Part time (peds is the lower one).
The subspecialists in our multigroup as well as the hospital owned colleagues we have in other parts of midatlantic to northeast make 500+k full time if they want to maximize to 30 patients a day plus maximal procedures. They do not have to do that. That puts someone at the top 10% of production.
95% of medical practice is RVU based: your pay is based on the work you do. It has been like this for the majority of the past 20 years, not new. Yes there are bonuses given at large hospital based groups for the top producers but you can choose not to chase those. At teaching hospitals your research funding is part of your salary, but you often have days dedicated to research rather than seeing 22-30 patients 4.5 days a week. There are plusses and minuses to the different models, salarywise and lifestylewise. These are all choices medical residents make when starting their job search.

Internal med "max" production in our group makes 450k (no procedures) for 4.5 weekdays, 26 pt a day is the max our schedule holds for IM, and no weekends. That salary and those hours/volumes are fairly standard for the top producing IM docs across the region and up the coast. Those of us who want better lifestyles and ability to leave work 4:30pm on our long weekdays, or block for school events for our kids, still have one weekday as a half-day (full-time schedule is 4.5), zero weekends, "settle" for the average production salary of around 360k. 360k is plenty of money for one person especially when the spouse is also making similar as a doc.

While I love my job and have great work-life balance as do most colleagues, it is not a job for someone like OP who sounds as though they don't want to work hard yet want the big money. When residency is 3-6 years after 4 yrs of med school after 4 yrs of working hard to get almost all As undergrad while doing research and volunteering, it is not an easy path to big $.
I have never heard of anyone with a lot of $ who coasted. We have lawyers who worked their butts off for years to have a good life balance now, private equity friends and those who started and sold companies who have great lifestyles at 50 but most certainly worked their butts off in the early years, more than 80 hrs per week.

surgeon mom from before - interesting post to read about different specialties. salaries aside, my head would explode seeing 30 pts/day, 4 days/week. kudos to you. i do enjoy clinic but it's bc i only have 1-2 4 hour clinics/week where i see ~ 10 pts (mix of new, post-ops, and established). i operate 1-2 days/week (those are longer 10-12h days) and teach ~ 1 day/week so it's a really nice mix in my view. i can't imagine having 100+ notes to write, when it's hard enough for me to get through 10!
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So he basically wants money but doesn’t want to work hard? Isn’t that what you are really saying, OP?


That’s the dream! Don’t be jealous you didn’t think of this.

Dermatologist or orthodontist. Hard to get into but the careers aren’t as stressful as other kinds of medicine. But you make bank.


I don't see him wanting to go through medical school or residency.


He will NEVER make it thru. My kid who is a resident doctor put in 120 hours last 7 days. That's like 17 hours/day in avg. I don't see OP's kid willing to do that.


Physician here. This is not typical any longer. I did my residency at Stanford, and even back then it wasn't like this. Now, many residents are unionized, get Uber vouchers after call, 80-hr max, etc. Besides, residency isn't the issue. The burnout comes much later, mid career, and not at all related to long hours.

Regardless, I agree about avoiding medicine.


Can you say more about this? What's do you see as the cause of burnout?


NP. All my physician friends in our 50s are in various mode of burnout mitigation or recovery. Most pervasive sentiment is loss of autonomy in clinical practice, especially in ambulatory medicine. Sure, hours are fine (8 hrs of clinic). But every year, hospital C-suite administrators and even academic departments (ie not private equity owned private practice) take away clinician's scheduling flexibility and force docs to add more patient slots or double book every hour. I miss the days I used to 'only' have 24 patients on my schedule. Now, it's 30+.

Imagine having 30 meetings in one day with 30 notes to complete, only to go home and have an inbox full of time-sensitive messages you did not have time to open during the course of the said 30 meetings.

Even if I find the medical aspect intellectually rewarding and fulfilling, I am simply drained every day, every weekend, and because it never ends, it becomes a grind. The happiest physician friend is a neurosurgeon. Maybe things are different for surgeons with better nursing or PA support.


Another new poster, physician couple as are the majority of my multi-specialty group practice. Two physicians in the past 20 years have retired or left medicine due to burnout earlier than planeed. All of the others have retired when they planned to, often at age 58-65 due to having plenty saved, some work past 70 by choice because they love it.
Residency as PP says is easier now, 80 hr a week average, for 75k-80k annually, whereas it was 27-30k in 2000-2003 and there were no hour caps (changed around 2003-4). Adjusting for rent in my med school in the mid atlantic and spouse's in boston, the resident salary is significantly better. The hours are mixed differently, but overall better. 80hr average remains difficult. Nothing is as hard as residency. Dermatology friends make 450+k. Many docs (peds, endocrine, gyn, plastics) we know are part time(33-35 hrs a week, or 3 full days, not 45-50) and make 200-300k as Part time (peds is the lower one).
The subspecialists in our multigroup as well as the hospital owned colleagues we have in other parts of midatlantic to northeast make 500+k full time if they want to maximize to 30 patients a day plus maximal procedures. They do not have to do that. That puts someone at the top 10% of production.
95% of medical practice is RVU based: your pay is based on the work you do. It has been like this for the majority of the past 20 years, not new. Yes there are bonuses given at large hospital based groups for the top producers but you can choose not to chase those. At teaching hospitals your research funding is part of your salary, but you often have days dedicated to research rather than seeing 22-30 patients 4.5 days a week. There are plusses and minuses to the different models, salarywise and lifestylewise. These are all choices medical residents make when starting their job search.

Internal med "max" production in our group makes 450k (no procedures) for 4.5 weekdays, 26 pt a day is the max our schedule holds for IM, and no weekends. That salary and those hours/volumes are fairly standard for the top producing IM docs across the region and up the coast. Those of us who want better lifestyles and ability to leave work 4:30pm on our long weekdays, or block for school events for our kids, still have one weekday as a half-day (full-time schedule is 4.5), zero weekends, "settle" for the average production salary of around 360k. 360k is plenty of money for one person especially when the spouse is also making similar as a doc.

While I love my job and have great work-life balance as do most colleagues, it is not a job for someone like OP who sounds as though they don't want to work hard yet want the big money. When residency is 3-6 years after 4 yrs of med school after 4 yrs of working hard to get almost all As undergrad while doing research and volunteering, it is not an easy path to big $.
I have never heard of anyone with a lot of $ who coasted. We have lawyers who worked their butts off for years to have a good life balance now, private equity friends and those who started and sold companies who have great lifestyles at 50 but most certainly worked their butts off in the early years, more than 80 hrs per week.

surgeon mom from before - interesting post to read about different specialties. salaries aside, my head would explode seeing 30 pts/day, 4 days/week. kudos to you. i do enjoy clinic but it's bc i only have 1-2 4 hour clinics/week where i see ~ 10 pts (mix of new, post-ops, and established). i operate 1-2 days/week (those are longer 10-12h days) and teach ~ 1 day/week so it's a really nice mix in my view. i can't imagine having 100+ notes to write, when it's hard enough for me to get through 10!


This is why my brain feels fried, with a permanent glare of EPIC on my retina.

For PP who suggested concierge medicine, it's not a solution for every physician. One has to contend with customer service that are more 'clients' and less 'patients.'

OP - If your child is interested in health care, there are other less stressful jobs, like PA, nutritionist, PT/OT, therapists, neuropsychologist, etc. With experience, I think these providers can command good salary in private practice.
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