Thursday, December 4, 2014

Doctors Make 3 Cents Less Than Teachers

I'm now in week 6 of 8 in the Internal Medicine clerkship - and I'm absolutely LOVING IT. While it's one of the less time-demanding clerkships so far (6 weeks of between 9.5hr days, 2 weeks of 12-hour nights at the hospital, averaging 3-6 hours of work per night at home, only two weekends scheduled with an average of 12 hours studying at home on off weekends), 70-100hr weeks are no small thing.

Friends and family regularly comment on the number of hours that we, even as lowly med students, pay to be at "work" in the hospital, then go home to be with our loved ones study. These comments are often followed by some paraphrasing of "Well, at least someday you'll be pulling in the big bucks." Here's something that, while it does not take into account certain nuances of tax law, various debt repayment infrastructures, variable interest rates and debt consolidation, it DOES do a fairly good job of drawing an eye-opening, relatively accurate comparison between something with which most people aren't familiar (physician hours and compensation) and something they might understand a little better (teacher hours and compensation).

What do you think? Don't forget to check the references at the bottom.


5 comments:

ruthkidd said...

Hey, will we ever hear from you again? We want the rest of the story--hope all is well!

Anonymous said...

Yeah what that person said!

Elizabeth Marie said...

Love the breakdown. This definitely shows that you have to love what you're doing and not just for the money!

Anonymous said...

I just wonder where all the hours spent planning and grading that aren't.compensated are. Also nys requires a master's degree. Not everywhere does but that adds to student loan debt.

I don't know what kind of unpaid time doctors put in because I'm a teacher but these are things to think about. My first few years I worked starting at 7am and would come home eat and work til 8pm planning and grading.

Something to think.about

Paragona said...

Ha, that's an interesting point of view;) Sometimes it doesn't have to be 'worth it'to be 'worth it' :)

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