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I am strongly considering going into a peds specialty, such as cards, picu, nephrology. My only concern is the salary. I have heard starting salary for cards at CHOP and Boston Children's is ~$90,000 and up to $120-130k at other academic programs. I did not go into medicine for the money, but I worry about my ability to support a family, own a home and car, and make any progress in paying back my $250,000 student loans. How valid of a concern is this?
Does anyone know about the opportunities for private practice peds specialties and the approximate salaries in private practice? I imagine it would be difficult to find jobs in private practice cards and nephro since there really is not an abundance of patients needing these doctors and many patients are very sick and will require the expertise at an academic medical center.
In academic medicine, does salary increase with taking positions on different committees (ie, medical school admissions commitee, curriculum committee) or by being director of a clerkship or residency program, etc.? Before I commit to peds, I would like to know which routes I can take to make a decent salary and be financially stable. Also, I understand that salary increases as you go from assistant to associate professor but that usually requires publishing a certain amount of papers. What if you are on a clinical track and concentrating more on educating residents and students?
I am trying to figure out if it would be better being kinda happy as an adult medicine specialist (nephro, cards) with more financial stability vs. being extremely happy as a peds specialist but not being as financially stable. It seems that the medicine specialists work just as hard as peds specialists, so it seems that lifestyle would be pretty similar.
I know I bring up a lot of concerns but any comments on any of my concerns would be appreciated.
Does anyone know about the opportunities for private practice peds specialties and the approximate salaries in private practice? I imagine it would be difficult to find jobs in private practice cards and nephro since there really is not an abundance of patients needing these doctors and many patients are very sick and will require the expertise at an academic medical center.
In academic medicine, does salary increase with taking positions on different committees (ie, medical school admissions commitee, curriculum committee) or by being director of a clerkship or residency program, etc.? Before I commit to peds, I would like to know which routes I can take to make a decent salary and be financially stable. Also, I understand that salary increases as you go from assistant to associate professor but that usually requires publishing a certain amount of papers. What if you are on a clinical track and concentrating more on educating residents and students?
I am trying to figure out if it would be better being kinda happy as an adult medicine specialist (nephro, cards) with more financial stability vs. being extremely happy as a peds specialist but not being as financially stable. It seems that the medicine specialists work just as hard as peds specialists, so it seems that lifestyle would be pretty similar.
I know I bring up a lot of concerns but any comments on any of my concerns would be appreciated.