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Reply to "Highest Paying Majors 5 years After Graduation"
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[quote=Anonymous][quote=Anonymous]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.[/quote] ^ This right here is the issue. Average medical school debt is $216,000. There’s 4 years of med school and 4 more years of residency making $16 - $20 per hour. A fresh out of college person that joins the Arlington P.D. this summer starts at $90,012 with up to a $25,000 hiring bonus, working 37.5 hour weeks. Eight years with ACPD = $745,096 without factoring in any overtime. That’s 8 years towards a pension, 8 years towards PSLF, 8 years of contributions to a deferred compensation plan with a match, and 8 years towards the 25 needed to retire. The average medical student starts $200,000 in the hole. They average $85,000 a year for 4 years working 80 hour weeks. They don’t have pensions. Hopefully they have good deferred compensation plans. In reality they’re behind by $405,000+ in earnings to an Arlington cop who also isn’t carrying $175,000 in med school debt. When do the hours get better for these poor doctors? What do they actually end up making per hour after their residency?[/quote]
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