Reply to Are only kids of wealthy parents in elite professions majoring in arts/going to elite colleges?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We will have an oversupply of CS people, like we had librarians, pharmacists, and nurses in the past. The top ones, with keen business sense and strong interpersonal relationships, will make top $ and know which startup to join. The rest will end up at Accenture, writing code and building databases for some tired federal agency, and getting paid $150K/year. [/quote]

Getting a $150k starting salary with only a bachelors is a huge deal.[/quote]

Yup. Way better than having to do 8-10 years of med school, residency etc to get $150k in primary care or pediatrics.[/quote]

You have no idea what you're saying. My DC1 is in med school. First,  a pediatrician in DC area makes around 300k base salary to start. 180K is base pay first year in Podank, Nebraska and those positions are filled by foreign residents with med school outside US.  People get into pediatrics because the schedule is wonderful and they don't work 40 hours/week, so it's very family friendly if you are a parent. In addition, pediatric centers are not owned by private equity but by the doctors.  So you make good money as a business owner too. The work is meaningful- instead of staying in a room full of wire and people coding aimlessly for mostly useless purposes,  you nurture life. If you no longer want to practice,  you have a miriade of other job opportunities- research,  insurance,  biotech companies, FDA etc. If you get satisfaction from this, virtually all people respect doctors and are happy to have one in the neighborhood. As a doctor,  you get special financing for a lot of things,  including real estate.  If you are a business owner,  you get to structure your own profit sharing. If you work in the hospital,  even PT, the hospital will pay your student loans and professional insurance. Being a doctor is way way above 99.9% of any CS jobs, in terms of intellect, prestige,  and income - MIT grad here. [/quote]

Liar, a pediatrician starting off in the DC area makes nowhere near 300k. Maybe after 10 years of practice, and by then, you’re old and way behind even an average IT worker in terms of wealth accumulation. The only pediatricians I know making 250-300k are in the podunk towns, so it’s not a bad path if you’re ok with living there. Is your DC too stupid to specialize? Even the bottom of the barrel are able to specialize nowadays.[/quote]

I'm sorry that your spawn, who was cared by a pediatrician, was not capable to get into med school, but yes, doctors do start with high salaries. Most of my DC's class also comes from affluent families, as medicine is no longer the profession for MC due to cost, so being concerned about the financial health of a bunch of already well to do kids is absurd. My DC will be a radiologist and his fiancée is a pediatrician. We love her and we are so proud of her and she doesn't even have to work. Her dad owns a big cardiology practice in FL.[/quote]

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