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

Anonymous
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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.


OP here:

I am reading this with great interest because I have another kid who is interested in medicine or an allied health career.

But this kid would prefer an office type job. Accountant, wealth advisor, finance, data scientist . . . all seem like better matches for him.
Anonymous
My kid got a BSN in the Health Sciences college at his state university 5 yrs ago and already makes over 100K a year. He's got job security, likes his job, and he could easily marry someone also within his career space who is equally able to balance their shifts.

He's not going to be fired anytime soon. He makes money for his hospital.

We went through the whole thing years ago where his grandparents said "if you can be a nurse, why not be a doctor ??"

And now he's a senior nurse on his whole surgical floor

Just saying
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?


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.


Dermatologists and orthodontists who have their own practices tend to be the creators of income for everyone else downline.

If you take vacation, it hits your own bottom line since there's only so much your support staff can do in your absence.
Anonymous
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.


Do orthodontists do residency?


Past dental school, yes
Anonymous
Anonymous wrote:Nurse anesthetist


The one I know last time I checked made 400K

But he was spread out as a single hire who worked different week at different oral-maxillofacial surgery practices
Anonymous
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?


Dentistry.


I'll give you a further hint. If you get a dental degree from a particular school that also has a medical school, you have a strong chance of simply being waived into their medical school because they have to graduate maxillofacial surgeons and you are their limited pool to draw from. From then you can go into facial plastic surgery.

Dental school is an under recognized but sure portal to programs for things like craniofacial reconstruction.

And no one from Ivies applies to dental school.
Anonymous
Anonymous wrote:
Anonymous wrote:Physician if you can handle the stress. 3 years residency do not terrible. I make 200k no weekends no nights no call and flexible with the kids.


What specialty?


Internal medicine
Anonymous
Anonymous wrote:Pharmacist.


I lived an affluent town and knew a pair of married pharmacists. Nicest people you'd ever want to meet.

Both their kids did extremely well, their daughter whom they sent to dance school is now a radio city rockette and their son went to culinary school and is now a senior director of something ... culinary

I could not disagree with their whole quality of life
Anonymous
Anesthesiologist
Anonymous
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?


Dentistry.


I'll give you a further hint. If you get a dental degree from a particular school that also has a medical school, you have a strong chance of simply being waived into their medical school because they have to graduate maxillofacial surgeons and you are their limited pool to draw from. From then you can go into facial plastic surgery.

Dental school is an under recognized but sure portal to programs for things like craniofacial reconstruction.

And no one from Ivies applies to dental school.


I know two dentists who went to Ivy+ schools.
Anonymous
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?


Dentistry.


I'll give you a further hint. If you get a dental degree from a particular school that also has a medical school, you have a strong chance of simply being waived into their medical school because they have to graduate maxillofacial surgeons and you are their limited pool to draw from. From then you can go into facial plastic surgery.

Dental school is an under recognized but sure portal to programs for things like craniofacial reconstruction.

And no one from Ivies applies to dental school.


I know two dentists who went to Ivy+ schools.


So do I, and I married one of them. That's how I know.

Also, what's Ivy+ ... is that like Apple Plus

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?


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.


Dermatologists and orthodontists who have their own practices tend to be the creators of income for everyone else downline.

If you take vacation, it hits your own bottom line since there's only so much your support staff can do in your absence.

Yes. Running a business is a whole other thing; this should not be downplayed. Med, dental, law schools don't teach you how to run a practice and don't tell you how much time and money it takes. Sure, you can make good money, but it's a job on top of a job until you get it running efficiently and profitably. Not everyone is cut out for or wants to employ others, finance the property and equipment, do marketing, payroll, manage employees, etc.
Anonymous
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.


Dermatologists and orthodontists who have their own practices tend to be the creators of income for everyone else downline.

If you take vacation, it hits your own bottom line since there's only so much your support staff can do in your absence.

Yes. Running a business is a whole other thing; this should not be downplayed. Med, dental, law schools don't teach you how to run a practice and don't tell you how much time and money it takes. Sure, you can make good money, but it's a job on top of a job until you get it running efficiently and profitably. Not everyone is cut out for or wants to employ others, finance the property and equipment, do marketing, payroll, manage employees, etc.

Many think it's easier just to work for someone else, but then you give up the autonomy, which is what the physicians on here seem to be complaining about.
Anonymous
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.


Dermatologists and orthodontists who have their own practices tend to be the creators of income for everyone else downline.

If you take vacation, it hits your own bottom line since there's only so much your support staff can do in your absence.

Yes. Running a business is a whole other thing; this should not be downplayed. Med, dental, law schools don't teach you how to run a practice and don't tell you how much time and money it takes. Sure, you can make good money, but it's a job on top of a job until you get it running efficiently and profitably. Not everyone is cut out for or wants to employ others, finance the property and equipment, do marketing, payroll, manage employees, etc.


And that's also how I ended up being here on this board

My ex not only did two double degrees he did Harvard Harvard Harvard

But he also invested in creating new practices and developing new offices by knowing how to fit out commercial space into new medical space.

He invested in real estate development into medical space while he was practicing. I posted this a long time ago.

All our kids already have their own homes that he bought for them

That's how I'm worth 100 willie Wonka dollars and sold all my bubble gum purses

¯\_( ͡❛ ͜ʖ ͡❛)_/¯
Anonymous
Anonymous wrote: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 $$

Concierge medicine is a ton of extra work, essentially on call all the time for your customers, who often want tests and/or medicines that are not medically indicated. The pay is only about 20% more. I do not need 20% more for the 150x the pain the ars it would be.

As to the person suggesting PA or NP or OT/PT: the salaries are no where near 250k, which is the bare minimum salary for the bottom 5% of physicians. Plus, the work hours are essentially the same as a doc, and they are not in control of their hours, they work for the docs, and are used to fill in schedules for doctor vacations, etc. They have to ask us permission to be off. Their training requires only 2-3 years but they max out at about 130-180k. In addition, PA/PT/OT school is expensive. There are no merit scholarships as there are at the majority of the top-25 medical schools. Even some of the T50-60 schools have partial merit scholarships for top applicants. Spouse and I each got merit money for one year of medical school 24 years ago; there is much more merit available as well as need-based aid now! There is none for PA/NP/OT/PT.

-Happy primary care doc making $345k for 4 days a week which is full time, plus one weekend shift every 6weeks.
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