4 ms·
only with specialists/subspecialists w/ procedures, or surgeons. And if not, prepare to spend a lot of overnights. Family med say $120k starting, Internal med
by caycep 7y ago
only with specialists/subspecialists w/ procedures, or surgeons. And if not, prepare to spend a lot of overnights.
Family med say $120k starting, Internal med $200k
Each extra $25-50k is like another year of training at $50k.
- Scoundreller 7y agoUnsure what the US situation is, but there are a lot of benefits to earning $120k/year in a business/professional corporation vs. a salary. At least in Canada anyway.
- nmcfarl 7y agoIn the US the vast majority of family docs and internists work on salary, so the benefits do not apply.
- refurb 7y agoMy understanding is the tax code in Canada is pretty unique when it comes to doctors.
- Scoundreller 7y agoIt’s not quite as great as it used to be, but the provinces do have a history of changing corporation laws in their favour. And often get their liability insurance paid for too.
- refurb 7y agoYeah, and I’ve heard there is talk about rolling some of that back even further.
- moneywoes 7y agoWhat year are your numbers from?Per medscape 2019 study average compensation is 330k. Q1 around $250k iirc.
- caycep 7y agoGranted this is word of mouth from several years ago amongst new grads looking for jobs in NYC and Boston, some in SF, who were looking to stay in academic centers. I would say that's the worst case scenario. (there's a huge line of aspiring NIH PI's who are willing to work for peanuts for UCSF, Mass General, etc. The NIH training grants who are supposed to compensate for "75% time" are $98k/year...so do the math for the full 100%...). For the Medscape study, I would say it's good to see the numbers are better in the private practice world, nationwide. But - most MD's will be presumably internal medicine and you'd have to look at the breakdown. The low end jobs in primary care, public health, etc start at $200k, and most folks who aren't surgeons or ophalmologists or dermatologists are in the low-mid $200's. That's assuming you graduate from residency in your late 20's or early 30's w/ the $350-500k in debt or whatever it is these days, unless you took the National Health Services or DoD scholarships, whereupon you then owe them 4-8 years of your life...