Quote:
Originally Posted by Unregistered
But the truth is doc starting pay at 3650 is still higher than many of the other universities grads. It offers 100% employment rate.
A levels students know it. Each year local medical school is oversubscribed by 10x. Even post graduates are willing to spend another 4years to get a medical degree.
For equilibrium to reach, a thirty percent pay cut is needed to reduce the applicants number.
Right now demand for medical school spaces are still high.
I would say doctoring is still a very rewarding career. As long as wages stagnate or drop by less than 30%.
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I think doctors will be homeless after a 30% pay cut don't you think? Many sectors have starting pay of 4k or more. Banking industries sometimes pay interns nearly 9-10k for them just to gain experience in their company and possibly work for them in the future. Lawyers have starting pays or 15k. Is $3650 starting pay a lot for a fresh grad now? I don't think so. They barely make a living.