Forums - View Single Post - How is life as a doctor in Singapore?
View Single Post
  #3489 (permalink)  
Old 30-01-2022, 06:59 PM
Posts: n/a

Originally Posted by Unregistered View Post
Noted there has been a lot of debate about working in public/doing residency vs private. I think one thing that many juniors fail to factor in is the opportunity cost.

If you do residency, you give pretty much your youth to the public sector. Pay is mediacore until you become consultant which could be 8-10 years depending on speciality.
To be fair, life does get easier when you become specialist or get fellowship (in the case of family physician) and pay is generally attractive/reasonable.

However what you are missing out is the financial opportunity cost of locuming. (E.g if you locum at community iso facility for past 1-2 years, you can easily hit 25-30k/mth and the amount of money made through investing this money etc.)

Disclaimer: I just completed my mmed in Nov last year after completing fm residency. Also mopex a few years prior to residency. I just started locuming and appreciate the world outside of mohh. To be fair the pay package offered by ops for mmeders is decent compared to a typical chain group (and in the long run there is probably better benefits esp if I do fellowship) but the amt of money I have missed out from locuming for the past 3-4 years is insane (esp considering you can invest the money to grow your capital) and I am Starting to regret my decision to do residency now.
where forever got vaccination doctor or isolation facility job for you to do?
in the real world , after COVID blows over, u are looking at 80 to 100 per hour locum job at many locations and likely involve evening and weekend work. chiong half a year u feel shiok at the money, but after that it's a bit weary.
you got a so be it. tired of locum can go back to public and find a job relatively easily now but others with MBBS hard to go back to mohh.
remember every year they pump out 600 local medical student. 5 years down the road, locum supply more more than demand, u see got 20 to 30k or not. 僧多粥少.

and u claim u are an investor? surely u know what is value investing right. or are u one of those bit coin buyers?
Reply With Quote