How is life as a doctor in Singapore?

Originally Posted by Unregistered

Opportunity cost analysis of residency training:

Assuming a male MO with 3 years of bond left (2 years bond served in NS).

Total earnings (If he leaves to be a locum GP after 3 years):

Y3: $70000 a year (MOPEX MO)

Y4: $73000 a year (MOPEX MO)

Y5: $75000 a year (MOPEX MO)

Y6 (Left after bond): $20000/month (locum GP)

Y7 : $20000/month (locum GP)

Y8 : $20000/month (locum GP)

Y9: $20000/month (locum GP)

Cumulative total earnings of $1,178,000 without stress of residency exams and training

Compared to an internal medicine resident for example:

Y3-Y9: internal medicine residency followed by advanced IM/Geri/Renal

Average salary of $8500/month for 7 years.

Cumulative total earnings of around $714,000..

Even after exit as AC, still have to slog in hospital for years to gain experience. Cannot immediately open private clinic after exit as AC..

Meanwhile your Locum GP friend probably already opened his clinic/partnership

Dont talk a about leaving la

Exams easier to pass, look at AKT results for residents.

This is the year of the Mmeders

Originally Posted by Unregistered

Dont talk a about leaving la

Exams easier to pass, look at AKT results for residents.

This is the year of the Mmeders

There is always a financial opportunity cost with residency, at least for FM. The benefit of residency is of course the knowledge gained and the friendship made during residency, not just within FM, but with your other co-mos as you rotate through the hospital postings.
It is hard to put a financial value on mmed (if you pass it) or on clinical knowledge gained, or friendships made.

This is speaking from a FM r3 (yes I passed akt lol, even though I didn't expect to) exiting in July. I joined FM at pgy4 (IMG), so now I am pgy 7 (yeah so the financial opportunity cost quite painful, as I am free to leave for past 2.5 years once I got my full reg)

I do plan to leave after mmed in nov for private. (Some catching up to do with my peers financially so mentally prepared to slog for next 2-3 years then evaluate life again)

Hard to say if I really regret joining residency (prob only can answer that qn in 10-20 years time retrospectively). I actually confided with my preceptor before, who told me FM residency is 3 years of sacrifice, but knowledge gained and friendship could be valid for life. (Which I guess is true, even if we ultimately don't get the paper qualification, I e mmed)

Whether it’s worth or not is redundant because you are already almost done with it.

Generally, not worth it unless the residency has a high ROI (surgical/ lucrative specialities like ENT GI etc

Then again, you need to factor in the time taken to get into those specialities. Many have to apply for 2/3 times to even enter.

Originally Posted by Unregistered

There is always a financial opportunity cost with residency, at least for FM. The benefit of residency is of course the knowledge gained and the friendship made during residency, not just within FM, but with your other co-mos as you rotate through the hospital postings.
It is hard to put a financial value on mmed (if you pass it) or on clinical knowledge gained, or friendships made.

This is speaking from a FM r3 (yes I passed akt lol, even though I didn't expect to) exiting in July. I joined FM at pgy4 (IMG), so now I am pgy 7 (yeah so the financial opportunity cost quite painful, as I am free to leave for past 2.5 years once I got my full reg)

I do plan to leave after mmed in nov for private. (Some catching up to do with my peers financially so mentally prepared to slog for next 2-3 years then evaluate life again)

Hard to say if I really regret joining residency (prob only can answer that qn in 10-20 years time retrospectively). I actually confided with my preceptor before, who told me FM residency is 3 years of sacrifice, but knowledge gained and friendship could be valid for life. (Which I guess is true, even if we ultimately don't get the paper qualification, I e mmed)

IMG? Lol must be from rich family. Don’t even waste your time calculating the dollars and cents

Originally Posted by Unregistered

Whether it’s worth or not is redundant because you are already almost done with it.

Generally, not worth it unless the residency has a high ROI (surgical/ lucrative specialities like ENT GI etc

Then again, you need to factor in the time taken to get into those specialities. Many have to apply for 2/3 times to even enter.

but my seniors say MMED is the ‘promised land’, true or not.

if mmed not good then why mmeder stay ops?

Originally Posted by Unregistered

but my seniors say MMED is the ‘promised land’, true or not.

if mmed not good then why mmeder stay ops?

Sunk cost. They already invested so much time and effort into it. Leaving will mean that their past efforts are essentially wasted

Originally Posted by Unregistered

but my seniors say MMED is the ‘promised land’, true or not.

if mmed not good then why mmeder stay ops?

Life not bad once u m.medder FP la tbh.
Will not be rich but at least u feel u are fairly paid
Of cse always got stories of this guy go cosmetic and make millions, that guy go open chain and make billions.
But I know my weakness. I'm lazy. I want my weekends and evenings and I want to pontang MC when I'm not in the mood.
So I stay around and farm my 250k annual lo.
Saikang a lot but actually quite interesting work sometimes.
Not always nice work but gives variety.
I get to lead some stuff.
At a point where some stuff is 我说的算 and I have to ok it before pple can move on
I get to teach.
I see interesting medicine sometimes.
Eg I diagnosed Addison crisis from withdrawal of exogenous steriod before
I see simple and high yield depression and anxiety cases which are stastifying to treat

I get funny ideas I talk to people and sometimes pple give me budget and staff to work

Not saying gp /locum work is bad.
It's ok I guess and money very good relatively speaking
But there's more to life than just exchanging your time for money.
At the mopex and resident stage sometimes u don't see the interesting stuff that goes around behind the scene.
The entry ticket to that show is a m.med at the v least.
Some pple get distracted and didn't even want to queue up.
At the very least, get Ur m.med go into the cinema and watch the show for a while.
Not nice then come out lo.

Sunk cost?
Med doesn't make u wealthy nowadays.
Any condo also 2 million.
1 or 2 years more as a mopex doesn't make any difference financially to your life
But it can possibly make a huge difference to your entire life.

Thats right, polyclinic is the promised land especially in the future.

We are also still recruiting while places last, dont be the last one without. ajob

Actually whats the benefit in staying in OPS Before MMED?

If I can go out locum, more time to self study, more time to meet study group and also earn more take home pay, whats the downside?

Can still attend my polyclinic mmed preparatory course also what. Dont get why so much FOMO.

Originally Posted by Unregistered

Actually whats the benefit in staying in OPS Before MMED?

If I can go out locum, more time to self study, more time to meet study group and also earn more take home pay, whats the downside?

Can still attend my polyclinic mmed preparatory course also what. Dont get why so much FOMO.

If you are interested, you can join CheongDam Aesthetics clinic. New opening for aesthetic doctor. Salary starting at 20K basic monthly. Sales incentive bonus not included. Tell them that Dr Colin Ng recommended you.