goldman sachs peasants

Discussion in 'Wall St. News' started by stochastix, Dec 4, 2022.

  1. ET180

    ET180

    Are you sure about that? 250k for taking on at least 200k worth of debt, enduring a high amount of stress, school until you're 30 and making $70k while in fellowship sounds way too low. If that were the case, no one would become a doctor unless for purely altruistic reasons. Not sure what the levels.fyi equivalent is for doctors, but this site says $400k for the median gastroenterology salary in US:

    https://www.salary.com/tools/salary-calculator/physician-gastroenterology?yrs=0

    The 700k figures were from LA, CA so figure at least 100k higher than the national average although maybe not...I have heard of doctors taking a pay cut moving from medium or small town to large city. I have also heard of doctors getting paid $60k for working 2 weeks in a remote part of Alaska.
     
    #21     Dec 5, 2022
  2. Me tooooooo , i can't even comprehend it anymore, working for hire fuck that
     
    #22     Dec 5, 2022
  3. mervyn

    mervyn

    that’s their dream, an average doc out of school working in NYC hospitals makes less than an experienced nurse, around $120-150k, and long shifts.
     
    #23     Dec 5, 2022
  4. destriero

    destriero

    I haven't read a single post from this thread but a decent med-specialty and becoming a Director on a desk are going to have similar ten-year income potential. Residency pays $60K on average. Nobody would enter the field if the potential was 2-3X Residency pay.
     
    #24     Dec 5, 2022
    ET180 likes this.
  5. mervyn

    mervyn

    multiple projects simultaneously you need to be on the project team to get credit, each project will probably have same amount of work, about 40 standard hours workload, and that’s assuming you are good enough to get hired. big consultancies have 60 hours minimum billing hours per week, 80 hours is normal during the non holidays periods.
     
    #25     Dec 5, 2022
  6. destriero

    destriero

    My neighbor is an ER Doc and just turned 32. He makes $300K but works a lot of extra shifts as an attending. UW Med so in demand. My wife's oldest nephew is also 32 and makes about $300K at PIMCO. Sample of two.
     
    #26     Dec 5, 2022
  7. Thank you for reminding me how good i have it in this peerless mode of self-sufficiency :)
     
    #27     Dec 5, 2022
    TheDawn and spy like this.
  8. 2rosy

    2rosy

    overemployment
     
    #28     Dec 5, 2022
  9. ET180

    ET180

    Exactly. If you have a career path that requires:

    1. Getting into med school / getting good MCAT, good interviews, knowledge, etc otherwise, you might be stuck with low income potential undergrad degree.
    2. Med school: Very intellectually challenging, many long nights studying, going hundreds of $ into debt while your business and engineering peers are out earning income immediately after 4 years of undergrad.
    3. Residency and fellowship at low pay - $60-70k.
    4. Finally start earnings money at early to mid 30s.

    You'll need to be compensated for all that -- hard work + risk. Getting 4 year undergrad degree in business or engineering is relatively much easier and far less risk.

    UW is a very good med school.
     
    #29     Dec 5, 2022
  10. M.W.

    M.W.

    Are you aware of the difference between "median" and bloody beginner? You are comparing fresh out of school know-nothings with folks in the middle of their careers. I am still astonished at your seeming ignorance about basic summarization statistics.

     
    #30     Dec 6, 2022