[pitt]

(04-17-2016 07:48 AM)The Doctor Wrote:  

Employed Physician here, 475k pre-tax.

Jesus, do physicians earn all that money per year?

[Kaizen]

^ very variable. Depends on the specialty and location

The Doctor, what field exactly ?

[Chetthebaker]

I'm gonna speculate and say that the Doctor probably has his own practice. Fields like dermatology, plastic surgery, orthodontics/dentistry can still do pretty well without necessarily having to just get a job in a hospital.
But the "work for the man" route is quickly becoming the only option for a lot of docs. And of course salary means less money.

Doctors still do ok these days though- especially if you'll move out to the sticks. I went out with a girl in the medical recruiting field last year who told me they're offering more money out in Kansas than in a lot of major cities.

But with the direction things are going in with socialized medicine and managed care doctors are and will be making less money than they have in the past. In the U.S. at least.

[Fast Eddie]

(04-22-2016 05:10 PM)Chetthebaker Wrote:  

I'm gonna speculate and say that the Doctor probably has his own practice. Fields like dermatology, plastic surgery, orthodontics/dentistry can still do pretty well without necessarily having to just get a job in a hospital.
But the "work for the man" route is quickly becoming the only option for a lot of docs. And of course salary means less money.

Doctors still do ok these days though- especially if you'll move out to the sticks. I went out with a girl in the medical recruiting field last year who told me they're offering more money out in Kansas than in a lot of major cities.

But with the direction things are going in with socialized medicine and managed care doctors are and will be making less money than they have in the past. In the U.S. at least.

The first word of his one sentence long post was "Employed" physician, which suggests he doesn't have his own practice. Realistically, any of the procedural fields like cardiology, any surgery, derm, gastroenterology, etc will get you close to 500k without too much effort so long as you're willing to live in less attractive locations. You can actually still make well over 1m/year as a doctor if you are in the right specialty and work smart and balls out. I agree though, the future is uncertain at best. People have been predicting physician salaries to get decimated since at least 2008 and so far it hasn't happened, but it always feels like the shoe is gonna drop at any minute.

[AhabTravel]

The government says the health field is growing a lot, so salaries will be greater in the future. It looks like a great career path and with the affordable health care law, jobs have grown more than what the government says.

Quote:

Many of the occupations projected to grow the fastest in the economy are concentrated in the health care industry. For example, from 2004-14, total employment of home health aides-including the self-employed-is projected to increase by 56 percent, medical assistants by 52 percent, physician assistants by 50 percent, and physical therapist assistants by 44 percent.

Medicine is the top career from USA Today because of old Baby Boomers retiring.

Quote:

The retirement of aging Baby Boomers will reshape the job market over the next decade, leading to the smallest portion of Americans employed or looking for work since the mid-1970s, barely six in 10, a new Labor Department forecast predicts.

The result: slower economic growth but new employment opportunities in health care, where millions of new jobs are likely to be created.

[Chetthebaker]

Yes. Lots of new jobs and higher salaries for nurses, health aides, PT/OT, NP, etc. but the direction things are going health insurance companies are pushing to have these people function almost like your doctor. That, and the computer being your doctor.

One of my specialist docs is in his mid 70s. Hospital bought out his private practice so I'm sure he did fine financially, but he hates the beaurocracy of working his last few years for the hospital.

From what I understand, it's becoming almost impossible to run your own practice in a lot of fields now because of the massive amount of paperwork and staff needed to deal with insurance companies.

Socialism is very much taking over here as in other areas.
Sure, medicine will still be a stable well paying field for quite some time, but doctors and medical professionals will edge closer to functioning like civil servants as more decision making power gets taken away from them.

[The Doctor]

(04-22-2016 07:37 AM)Kaizen Wrote:  

^ very variable. Depends on the specialty and location

The Doctor, what field exactly ?

I'm a hospitalist ( Internal medicine ), and i work for a private group.

I work on a 7 ON / 7 OFF system, 12 hour shifts, one could say i work half the year.

Indeed it depends very much on the location, for the same position and work setting i'm in, being in a very shitty location in Nowhere, Midwest.. I was offered :

260k in NYC, 350K in New Hampshire, 310k in a major Texas metro.

[Cattle Rustler]

(04-22-2016 07:18 AM)pitt Wrote:  

(04-17-2016 07:48 AM)The Doctor Wrote:  

Employed Physician here, 475k pre-tax.

Jesus, do physicians earn all that money per year?

They can, but remember they get taxed alot. Heaven forbid you live in NYC, where you pay income at a city, state, and federal level.

Not to mention insurance costs are high as fuck. I'm not sure how high it is for the doc but I've heard rates of 20-30% of their income if it's a private practice.

(04-23-2016 08:15 AM)AhabTravel Wrote:  

The government says the health field is growing a lot, so salaries will be greater in the future. It looks like a great career path and with the affordable health care law, jobs have grown more than what the government says.

Quote:

Many of the occupations projected to grow the fastest in the economy are concentrated in the health care industry. For example, from 2004-14, total employment of home health aides-including the self-employed-is projected to increase by 56 percent, medical assistants by 52 percent, physician assistants by 50 percent, and physical therapist assistants by 44 percent.

Medicine is the top career from USA Today because of old Baby Boomers retiring.

Quote:

The retirement of aging Baby Boomers will reshape the job market over the next decade, leading to the smallest portion of Americans employed or looking for work since the mid-1970s, barely six in 10, a new Labor Department forecast predicts.

The result: slower economic growth but new employment opportunities in health care, where millions of new jobs are likely to be created.

Depends, from the description it's going to be shitty-wage job creation.

Home Health Aids don't make much, like 9-12 an hour for cleaning up shit and looking after old smelly people.

Medical Assistants? 13-14 an hour.

Physical/Speech/Occupational therapists make 62K entry level, 80K after 10 years of experience. Their assistants make 13 an hour.

The real golden nugget are PA, they easily make 6 figures off the bat and are high in demand. You don't go to school as long as a doctor yet reap most benefits of it.

Being an RN is good, depending on the state. Nurses in Chicago get 24/hr and 40+/hr in cali.

(04-23-2016 11:01 AM)Chetthebaker Wrote:  

Socialism is very much taking over here as in other areas.
Sure, medicine will still be a stable well paying field for quite some time, but doctors and medical professionals will edge closer to functioning like civil servants as more decision making power gets taken away from them.

"Socialism"....What?
No taking anything from docs, it's their decision to work for someone.

(04-23-2016 04:56 PM)The Doctor Wrote:  

(04-22-2016 07:37 AM)Kaizen Wrote:  

^ very variable. Depends on the specialty and location

The Doctor, what field exactly ?

I'm a hospitalist ( Internal medicine ), and i work for a private group.

I work on a 7 ON / 7 OFF system, 12 hour shifts, one could say i work half the year.

Indeed it depends very much on the location, for the same position and work setting i'm in, being in a very shitty location in Nowhere, Midwest.. I was offered :

260k in NYC, 350K in New Hampshire, 310k in a major Texas metro.

Damn, you got almost twice as much for living in BFE than NYC. :banana:Time to stack dat money boy.

[booshala]

Have a friend that works at Kaiser Permanente as a General Practitioner that makes roughly $360k after all his bonuses, profit sharing, as well as "hazard pay". He's an urgent care doc in a rough neighborhood and deals with AIDS patients day in/out. I've had some discussions with him and he says that he's the highest paid GP out of everyone in his professional network by a mile. Most are stuck in the high 100's low 200's so The Doctor's $475k sounds incredible.

I thought an internal medicine doc and a GP were roughly the same thing? Is there a big gap between the two?

[Cattle Rustler]

The next hot "jobs" will be administrating hospice stays, retirement homes and......funeral homes!

All these baby boomers are going to need someone to take care of them and someone will need to manage the healthcare facilities/workers.

But since most of these niggas are broke, I imagine they will try to leverage their voting block into having medicare pay for it. Unfortunately Medicare pays shit, not to mention the amount of onerous regulations they throw at administrators. Hence the "dire need" of healthcare workers.

If y'all homies are going into healthcare, remember this.....the patient's are not difficult to deal with, it's their fucking families.

[Fast Eddie]

(04-23-2016 04:56 PM)The Doctor Wrote:  

(04-22-2016 07:37 AM)Kaizen Wrote:  

^ very variable. Depends on the specialty and location

The Doctor, what field exactly ?

I'm a hospitalist ( Internal medicine ), and i work for a private group.

I work on a 7 ON / 7 OFF system, 12 hour shifts, one could say i work half the year.

Indeed it depends very much on the location, for the same position and work setting i'm in, being in a very shitty location in Nowhere, Midwest.. I was offered :

260k in NYC, 350K in New Hampshire, 310k in a major Texas metro.

You are making 460k as a hospitalist? That is crazy. Is this 460k all coming from your main 7 on 7 off gig or do you supplement it with locums on your weeks off to reach that number? I had no idea you could make that much as a hospitalist, especially 260k in NYC.

[The Doctor]

I do some locums at nearby clinics sometimes, averaging a 30k - 40k per year bonus. I also have a HUGE patient load, it's like any other profitable business, the more you work, the more $$ you'll make.

260K in NYC is quite average for someone who is experienced. A buddy of mine recently got an offer in Minnesota, 350k working 4 days a week 9am 6pm, 15 - 25 consults a day including outpatients, on call every 1/2 weekends.

The numbers i'm throwing may seem incredible to you, but then again, it depends very highly on the location and the salary ranges vary very widely.

Though, if you're a doctor in any field, and someday you'll happen to be offered such a high salary , be afraid , be very afraid of the work load you'll get.

[Fast Eddie]

(04-24-2016 10:20 AM)The Doctor Wrote:  

I do some locums at nearby clinics sometimes, averaging a 30k - 40k per year bonus. I also have a HUGE patient load, it's like any other profitable business, the more you work, the more $$ you'll make.

260K in NYC is quite average for someone who is experienced. A buddy of mine recently got an offer in Minnesota, 350k working 4 days a week 9am 6pm, 15 - 25 consults a day including outpatients, on call every 1/2 weekends.

The numbers i'm throwing may seem incredible to you, but then again, it depends very highly on the location and the salary ranges vary very widely.

Though, if you're a doctor in any field, and someday you'll happen to be offered such a high salary , be afraid , be very afraid of the work load you'll get.

That's pretty sweet man. So what do you do with all that money, living in the middle of nowhere? Driving a Ferrari or saving up for very early retirement?

[rungoodinc]

Quote:

Socialism is very much taking over here as in other areas.
Sure, medicine will still be a stable well paying field for quite some time, but doctors and medical professionals will edge closer to functioning like civil servants as more decision making power gets taken away from them.

What? America is one of the least socialist countries in the whole world.

This forum is awesome as a whole but sometimes the comments like these make me scratch my head.

Anyway being a doc will always be profitable since there are such high barriers to entry with America's medical school system and residency requirements.

[The Doctor]

I'm saving the most part of it, since i'm single and have no dependants, cost of life ( food, housing ) around here is quite cheap, and i try to maintain a reasonable lifestyle, still having 2 or 3 vacations a year.

[TopPanda]

I work in London in IT and make around $85K/year, although some of that comes from my investments and side business. I've worked with guys (and they're usually guys) who make a lot more... my current boss is a billionaire lol (self made I'll add).

Guys in London who earn a lot (>100K GBP) have SPECIALISED and they are MANAGERS. This is the pattern. Doesn't really matter what you do.

I did have my own IT business for a while. It's much harder to launch an online business these days. The current website I'm building has around 100 competitors, back in 2002 there would have been 3 or 4.

[Saweeep]

(04-25-2016 03:55 PM)TopPanda Wrote:  

Guys in London who earn a lot (>100K GBP) have SPECIALISED and they are MANAGERS. This is the pattern. Doesn't really matter what you do.

I dunno about that, mate.

Good salespeople in all sorts of industries earn more than 100k. Even estate agents can hit that quite easily.

I think you're kidding yourself about the prevalence of hustling, high paid jobs.

[RatInTheWoods]

The huge tax percentage you pay when on $150K + takes the gloss off, unless you got a business to work some magic.

[Oilrig]

I'll bite. I make close to 200k per year working in HR for an oil company in North Dakota. They pay for my apartment, truck, and pay considerable bonuses so im able to save most of the cash I make. Im saving over 100k a year working/living here. Im making great money but I have to live in one of the shittiest places in the US lol. Back in Texas I was still making six figures working in HR. Figure I'll do this for another year or two and move back to Texas.

[Cattle Rustler]

(04-25-2016 09:35 PM)Oilrig Wrote:  

I'll bite. I make close to 200k per year working in HR for an oil company in North Dakota. They pay for my apartment, truck, and pay considerable bonuses so im able to save most of the cash I make. Im saving over 100k a year working/living here. Im making great money but I have to live in one of the shittiest places in the US lol. Back in Texas I was still making six figures working in HR. Figure I'll do this for another year or two and move back to Texas.

How many years of experience though? SPHR certs? I thought with the way the cycle is going HR was going to take the biggest cut.

[Oilrig]

I have around 6 years experience now, but had about 4 years experience when I got this job. No certs at all. I just grinded my way to higher pay, kept switching companies for better opportunities, and here I am! I was extremely lucky to get this job when oil was still high right before the market tanked. It also helped that I was one of the few HR people in my company willing to move up here for several years, most aren't willing to make that sacrifice. Im Thankful to still have my job and not be laid off yet. But most of the layoffs have been going on in the corporate offices in Houston not in North Dakota. They say the closer you are to the wellhead the safer you are. So I'll stay here and keep stacking cash until oil rebounds.

Not bad for someone with a crappy liberal arts degree from a state college

[NFallin]

^Damn that seems like an awesome hustle. Before I went the trades route after graduating from University I tried to snake my way into HR, but couldn't get any bites. What's the hours and work like Oilrig?

[Oilrig]

Work is fun and easy. I get to travel to some cool well sites in remote parts of the state and see all the action first hand. Hours are your basic 8-5, 40 hour work weeks.

There's money to be made in HR, you just have to work for the right industries/companies. My HR/Recruiter buddies in the tech field make pretty good money as well.

[booshala]

(04-26-2016 12:32 PM)Oilrig Wrote:  

Work is fun and easy. I get to travel to some cool well sites in remote parts of the state and see all the action first hand. Hours are your basic 8-5, 40 hour work weeks.

There's money to be made in HR, you just have to work for the right industries/companies. My HR/Recruiter buddies in the tech field make pretty good money as well.

Damn, that's some gangster shit... I always equate HR to bitter old women but you're making it happen. Kudos!