- Joined
- Jul 11, 2007
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- 539
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- 161
I understand what you are trying to say but this is not a very insightful opinion. The reality is the burden of student loans has tremendously worsened to the point where taking on more debt fresh out the gate when you already have nearly $500k, probably are in mid-30s or older, and possibly have a family to provide for isn't exactly being "afraid to take a risk". Especially when you consider the healthcare market is much more competitive now with these mega-hospital chains and large pseudo-academic conglomerates. It's taking a pragmatic approach to getting out of a hole that boomers frankly didn't have to deal with.
I cant imagine there are many subspecialists in other fields out there clearing 7 figures, even in private practice. I know in Rads/IR this isn't even MGMA 90th percentile despite being conventionally considered one of the more lucrative fields. I am glad PP ophthos are getting fair compensation, truly, and are reaping the rewards of their hard work. This is not a guarantee though (as evidenced by other cuts by CMS) and any field with routine opportunities to make a mil+ probably understand this gravy train won't last forever. In fact, an old med school buddy of mine took a PE ophtho job out the gate because he felt with the current healthcare climate, investing another significant sum of money to form a practice could bite him in the ass if some sweeping reform took place. It's far more nuanced than suggesting the younger generation is weak. A wise older doc would appreciate the amazing opportunities they've had to hang a shingle and make boatloads of money for decades working good hours. This is certainly not guaranteed for younger physicians and med students. A good chunk of success in life is predicated on luck.
I always find it interesting to see optho salaries conveniently left out of these yrly top 10 physician salary surveys, while radiology seems to always be top 10.
One of the my radiology attendings father in law is an optho....he makes more than my attending and his wife combined.