More competitive? I-Banker or Medical Doctor

uhohcfa Wrote:
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> hopefully people don’t become doctors just for the
> money
Or I-Bankers right???
 
uhohcfa Wrote:
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> hopefully people don’t become doctors just for the
> money
i don’t really mind if the doctor does it for money, as long as he/she is qualified and skilled enough to do the job.. really i’d rather be treated by a qualified and greedy doctor than some world peace humanitarian doctor who isn’t as skilled.
 
Med school is a lot easier to get into than it used to be. Salaries are also lower and some doctors don’t even break 6 digits. This is after 4 yrs of school and 3+ yrs of residency.
 
in addition to the MCAT and difficulty of getting into med school, you have to pass all of your classes each year otherwise you repeat the entire year again even if you fail one, and you have to pass numerous boards and other exams.
it’s not guaranteed placement once you’re out of med school. there’s something called a match where you rank your top choices to do your residency and they rank you as well. if you don’t match you have to scramble and find someone willing to take you.
 
I was under the impression we’re under some sort of crisis with a shortage of doctors. My guess is that’s because the rewards aren’t enough to justify the sacrifice for a lot of people. LASIK is the way to go, Dr Boothe in Dallas has performed 70K surgeries at $1K a pop.
 
My impression is that success to become a doctor is 100% dependent on GPA and exam scores (MCAT and Boards). If you have the capacity to memorize and apply information very well, you’re guaranteed a good pay.
As for i-banking, the risk and reward component is much higher. Your ability to network and schmooze with others is more important once you break in. I get the impression that there are fewer ibankers walking around than doctors.
In short, I have a gut feeling that the sacrifices to become a medical doctor is equivalent to a VP at a Boutique I-bank.
 
RycherX Wrote:
——————————————————-
> My impression is that success to become a doctor
> is 100% dependent on GPA and exam scores (MCAT and
> Boards). If you have the capacity to memorize and
> apply information very well, you’re guaranteed a
> good pay.
>
> As for i-banking, the risk and reward component is
> much higher. Your ability to network and schmooze
> with others is more important once you break in.
SOf ski
 
RycherX Wrote:
——————————————————-
> My impression is that success to become a doctor
> is 100% dependent on GPA and exam scores (MCAT and
> Boards). If you have the capacity to memorize and
> apply information very well, you’re guaranteed a
> good pay.
>
> As for i-banking, the risk and reward component is
> much higher. Your ability to network and schmooze
> with others is more important once you break in.
For general practice, soft skills are huge. Try keeping patients if you got a lousy demeanor. People re-visit doctors they like. In that type of medicine, you have to be liked by all walks of people. Schmoozing other bankers/ analysts seems easy when compared to buttering up to the physically repulsive, morbidly obese and diseaseed people who visit doctors on a daily basis.
 
there is a far greater risk/reward component for ibankers. i work at pe fund and the managing partners here (both ex- ibankers) see most bankers as b-s artists that don’t provide much more value added then being a matchmaker. they’re motivated to chase as many deals to maximize their fees. they’ll do anything to sell the deal coming up unrealistic hockey stick projections and bogus investment considerations and growth opportunities. if the company falls apart post-close, they have no liability.
whereas doctors, although economically they are motivated to seek out more patients if they run their own practice, they must be 100% informed and carry a huge liability with the advice and treatment they give. and if you’re a doctor at a hospital you earn a set salary and there’s no motivation to see more patients.
 
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