The fact is that some things about neuro are not well publicised or known even to residents in the field. Neurology is a mystery even to most physicians. It takes time to understand synthesizing a neuro exam. One needs to make sure that you match in a good neuro program with strong academics & a good faculty (Epilepsy, NM & Stroke should be strong) to get good all round training. There are a lot of mediocre programs out there where this is not the case. Also, when one gets into a neuro residency,one should do so with the mindset that you are going to train to be a well rounded neurologist (not with a specialist mind-I wanna go into stroke/EEG/EMG). One also needs to get a strong IM training in the prelim year, a combined IM/Neuro trained resident is much better than someone who does a 1 year prelim year IMO.
Neuro is relatively hard work for the first 2 years of the residency-prelim & the PGY-2 neuro year. Following this, its usually smooth sailing if the program is relatively large (thus reducing the call & work load on residents).
Neuro has relatively good compensation & great lifestyle (compared to plain IM, Ob-GYN, FP, Gen Surg. & specialties like nephro, endo, ID, pulm & cc). One has to deal very little with social issues a' la IM & FP as most patients have neurological diseases & very few are fakers (except in Headache & Pain medicine). There are some branches of neurology which get amongst the top reimbursements:
Vascular with Interventional NR: One of the highest paid specialties after Ortho & NSx, certainly higher than derm, ophtho & ENT (though it is hard work with long hrs). Reimbursements between 300,000 (academics) to 400,-700,000 (private practice), with a lot of people hitting the big M in a few years.
EEG with intraoperative monitoring & cortical mapping: Again very good reimbursements though available in select centers. Clinic hours 9-5.
Neuro with sleep medicine: Sleep reimbursements & easy lifestyle. Clinic hours 9-5.
Neuro with interventional pain management: Pain management reimbursements & easy lifestyle, horrible PAINFUL patients. One has to have an aptitude for this sort of thing. Clinic hours 9-5.
EMG with intraoperative monitoring: Very good reimbursements. Clinic hours 9-5.
Movement Disorders with DBS training: Great reimbursements. Clinic hours 9-5.
Neuroimaging: Good reimbursements & good lifestyle.
Besides, general neurologist are in high demand & garner a higher pay than gen IM- low end get 160,000-180,000 (in large cities like NY, Chicago, Houston & LA); higher end get 250,000-290,000 (in the south-east & mid-west). One of my seniors who went into private practice a couple of years back with 2 months of EMG (his country did not sponsor him for fellowship training) training had a 2 year guaranteed salary of 290,000 with 90% of profits as production bonus plus all the perks (sign-on, moving bonuses). And yes, he went to a small town in north Arkansas.
Pediatric neurology is another hidden gem that many MS & peds residents dont know about. There is an acute shortage nationally in this specialty with pay scales above 200,000 in the mid-west & SE. With specialization in Epilepsy/Developmental/Neurogenetics, one will get more.
I have been offered pays in the 220-240,000 range with production bonus & added perks in an academic visa-waiver jobs during my interviews. For a citizen it would mean 20-40,000 more. In private practice, it would be 30-50,000 higher in visa-waiver jobs. This is just to give you an idea of what is out there if you have "dollar signs in your eyes" in your PGY-4 year.