Quote:
Originally Posted by Unregistered
In all honesty will someone please clarify what will happen to doctors in Singapore when in the next few years a massive oversupply of doctors becomes a reality like what some countries are already experiencing.
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Do not worry. The prospect is non inferior to law.
For example, on the govt side, the HO starting start has seen a healthy increase from 3600 (in 2013) to 3650 (2018).
While wages for a starting lawyer NPQ has decreased or stagnated.
Generally within the govt sector, the expected trajectory is RP. Which can fetch about 6-8k, which is about the same as a lawyer who moves in house
For GP locums wise the rate has somewhat decreased from average 90-110 to 70-90 per hour.
Market pricing is subjected to seasonal shift and doctor pay must reflect fundamentals. Today pricing is an appropriate correction to the underlying fundamentals.
If you are considering between law or medicine, i would say medicine is non inferior. Not superior, but non inferior.
For superior returns, really in this day and age, a university degree does not guarantee success.