- Joined
- Jul 1, 2014
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No, no...it's not.I'd say dental school is still worth it at 400k -500k. A 500,000 investment and a 200,000 salary is a 40% a year return. Where else can you get that kind of return on your money. It would still be worth it if dental school was $1,000,000. Also what other career can you graduate from school and easily make 200,000 first year. Medical school you have to do a low paying residency for 4 years.
There is a reason why almost every GP I'm friends with has an end goal of starting their own practice. Its not even necessarily because they want to make millions. Its because it can be quite difficult to get a well paying, ethically billing, associate position as a fresh grad with zero experience, especially without completing a residency of some sort. If one is going to go 400k in the hole, I damn sure hope you're specializing, and even with that...it may be tough for a bit carrying that burden. Don't forget that interest is accumulating on that huge principal while you are in school...
While I wouldnt attend med school at 400k either, 4 years of a PAID residency is always better than 4 years of an unpaid one. OS, Peds and GPRs tend to be paid...Endo and Ortho tend to NOT be paid.
Its not as simple as graduate after 4 yrs, get a 200k paying position. I wish it was for the GP folks, but the stories I hear from GP friends are far from that. I wouldn't want to graduate Dschool with that much debt and be stringing together multiple part time jobs, with pressure to produce, while carrying essentially a mortgage of a home on my back loan wise. Eventually they tire of that setup, and conclude that the way out is to purchase a practice. Much easier decision to buy into or purchase when youre 150-250k in the hole. When you're 400k plus...the idea of adding on additional debt just to have a shot at making 200k plus is daunting...
Cheapest is always, always best.