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My 2-cents seeing friends and a sibling go through the IB track. You have 100+ hr/wk for a few years in your 20s, when you're young and can sort of handle it.

by HEmanZ 4y ago

My 2-cents seeing friends and a sibling go through the IB track. You have 100+ hr/wk for a few years in your 20s, when you're young and can sort of handle it. But by the time you're having a family you work more normal hours and make absolute FU money (e.g my younger brother makes over 10x/yr what I do at only 31 years old). It's not about the salary and hours when you start at 22, its about the salary and hours when you're 32 and 42. I compare this to my friends who became physicians or accountants, and I think the IB folks have a waaaay better work-to-pay ratio long-term. I'm on the fence about consulting because the pay ceiling seems lower and I don't personally know enough of them.

lotsofpulp 4y ago
You have much more flexibility of where to live as a physician. Remote software developer is probably the best pay to quality of life at work ratio, and probably even higher pay outright if you were at a high flying tech company for some portion of the last 15 years.
- galdosdi 4y ago
  > You have much more flexibility of where to live as a physician. Ludicrously false. In the long run, sure. But your youth will be spent in whatever random town the residency match takes you to, and that's after having to go wherever there's a med school that'll take you. The flexibility comes much later and by then you may have settled down accidentally somewhere you randomly got placed.
  - lotsofpulp 4y ago
    Also true that one has to give up their 20s and possibly low 30s somewhere they do not want to be, but in general, a doctor can pick up and go anytime after that compared to someone in finance who generally has to stick around the finance hubs.
    - slt2021 4y ago
      people dont go to medicine just for $$$. Especially high status medicine like residency in microsurgery and fellowship in neurosurgery. you go to learn the craft at high status institution (like Mayo Clinic in middle of nowhere Minnesota) and help patients with the most complicated health conditions. I sincerely hope people dont become doctors just for the money. If you want money - it is much easier to become banker or trader. More money and less time spent in academics
      - HEmanZ 4y ago
        I will tell you from personal experience, a huge percent of doctors do it basically just for the money. If you come from a lower to lower-middle class family, becoming a doctor might as well be becoming a billionaire. Many doctors don’t find out that other careers earn more money until they are already in or beyond residency. I was in the process of applying to med school, thinking it was my best chance of joining the upper class in America, when I met an extremely wealthy man thru a friend. He gave me the advice “Doctor career is a trap for the middle class. Do something that scales better, and don’t worry about a guaranteed career path, you’ll figure it out as you go along”. It’s a bit dramatic but I think there was truth in it, and it added to the evidence I need to change my career

by HEmanZ 4y ago

lotsofpulp 4y ago

You have much more flexibility of where to live as a physician. Remote software developer is probably the best pay to quality of life at work ratio, and probably even higher pay outright if you were at a high flying tech company for some portion of the last 15 years.

galdosdi 4y ago
> You have much more flexibility of where to live as a physician. Ludicrously false. In the long run, sure. But your youth will be spent in whatever random town the residency match takes you to, and that's after having to go wherever there's a med school that'll take you. The flexibility comes much later and by then you may have settled down accidentally somewhere you randomly got placed.
- lotsofpulp 4y ago
  Also true that one has to give up their 20s and possibly low 30s somewhere they do not want to be, but in general, a doctor can pick up and go anytime after that compared to someone in finance who generally has to stick around the finance hubs.
  - slt2021 4y ago
    people dont go to medicine just for $$$. Especially high status medicine like residency in microsurgery and fellowship in neurosurgery. you go to learn the craft at high status institution (like Mayo Clinic in middle of nowhere Minnesota) and help patients with the most complicated health conditions. I sincerely hope people dont become doctors just for the money. If you want money - it is much easier to become banker or trader. More money and less time spent in academics
    - HEmanZ 4y ago
      I will tell you from personal experience, a huge percent of doctors do it basically just for the money. If you come from a lower to lower-middle class family, becoming a doctor might as well be becoming a billionaire. Many doctors don’t find out that other careers earn more money until they are already in or beyond residency. I was in the process of applying to med school, thinking it was my best chance of joining the upper class in America, when I met an extremely wealthy man thru a friend. He gave me the advice “Doctor career is a trap for the middle class. Do something that scales better, and don’t worry about a guaranteed career path, you’ll figure it out as you go along”. It’s a bit dramatic but I think there was truth in it, and it added to the evidence I need to change my career