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Reply to "Highest Paying Majors 5 years After Graduation"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Our DC is considered “underemployed” in law enforcement because the position doesn’t require a degree to start. Five years after earning their B.S. they earn a $102k salary and $40k+ in overtime. They get a raise every year, and sometimes two raises. That’s better than earnings of Chemical Engineering majors at 35-45 year olds, the #1 major, BTW. Our child could retire with a full pension at 46. LOL. Our child will make sergeant soon. That comes with a nice raise. By 35 they’ll be a lieutenant. That’s a big salary bump. That’s when 1.5x overtime rates really start to pay out.[/quote] Ok, but maybe you don’t want to work so much overtime? Maybe you have other things going on in your life such that you’d like to be minimally at work (ie, not working overtime) yet making great money? I work with a few 30-something surgeons who work 3 days a week, rarely on call. Maybe 36 hours? And they pull in $600k. Oh and they love their work. LOVE. I wish I had a kid who was marginally interested in this line of work[/quote] Medicine is a slog with 4 yrs of fairly greuling studying and clinicals, followed by 80hrs a week for residency making 75-90k for 3-6 years. It is no joke. But after that it really can be the good life (in comparison to residency and in comparison to the 1980s when docs were oncall 24/7 and always running into the hospital). It has not been that way in at least 25yrs. There are hospitalists who do shift work, and surgeons, gynos and primary care all rotate call and weekends, often in big groups such that you have one weekend 6-8 times a year. Both primary and specialists can be part-time 30hr a week. Heck Dermatologists and plastics are out of the office by 4pm most days. Most full-time outpatient docs have a half or full weekday off and NO weekends ever. Ever. Any of these professions can be 50+ hr a week but they also can be shift work, 34-38 hr a week, almost all make 300-500k some make more and parttime makes less around 200-250k No one does it for the money, because you have to put in all the years of med school and residency to get there! But anyone saying an MD does not pay off once you get the real job has no idea what medicine is this century, or does not know how med loans compare to salaries: Even before medical school merit money (look it up almost all have merit and need based aid now, and it is going up), one could pay off 4 yrs of medical school loans/living expenses (often 200k back in 2005) in 10-15 yrs when residents only made 32k in 2005. Now the average loans are going down, 200k total may be all that is needed, many at T25 this cycle will be going for much less, plus the resident salaries are higher and starting real-job salaries are higher[/quote]
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