3 ms·
Hmm, I thought if you took ROAD (radiology, ophthalmology, anesthesiology and dermatology), you avg. income is $250K/year. For comparison, an average developer
by noname123 13y ago
Hmm, I thought if you took ROAD (radiology, ophthalmology, anesthesiology and dermatology), you avg. income is $250K/year.
For comparison, an average developer salary is about $100K/year. So that is a $150K difference. Taking into account net worth, I think it's pretty optimistic to estimate avg. engineer net worth to hover around $125K at age 30, while avg. doctor's net worth is at -$100K to be pessimistic.
Assuming that a developer and doctor is saving 25% of his pre-tax income which is respectively, 25K and $65K and putting it into an investment account that yields 8% annual return, after 35 years, a developer will have 6.5 million with $100K starting amount and the doctor 12.09 million with -$100K deficit.
So financially speaking, it's nearly 2x more monetarily ewarding to become a doctor or a lawyer over an engineer despite people's complaint about grad school debt and late start.