How is life as a doctor in Singapore?

Originally Posted by Unregistered

All these small talk about money in medicine is hilarious. It’s impossible to scale our income because we are only a 1 man show at the end of the day. Yes you can improve your skills and be a specialist but at the end of the day you are limited by time (everyone has the same 24 hours a day)

Just went back to my Rafflesian class gathering and guess what? The richest people in the room are not the doctors or lawyers. They are the tech bros and small business owners. One guy set up a coffee chain and he’s already looking to expand to Bali Indonesia. Some tech guy got lucky with his stock options in Meta, and he’s now already semi-retired. Only the doctors and lawyers are still slogging it out in the late 40s, specialists and surgeons included

yup true.
and Dr Chen Lip Keong and Dr Loo are possibly the top 10 richest doctors in the region and even in the world.

"Being a doctor himself, Chen was sympathetic to the fight against Covid-19 and donated millions of dollars to procure vaccines in Cambodia. More recently, he contributed SG$6.7 million to Rare Disease Fund in Singapore that enables the charity fund to extend financial support to needy patients suffering from rare diseases on the island state."

he donated 6.7mil SGD ..... while many people would kill to have a networth of 6.7mil SGD.

Originally Posted by Unregistered

Can share more about the industry BS?

you think being the only doctor in a clinic means you probably have a high degree of autonomy, but in the end clinic manager and sales staff have a very big say...

Originally Posted by Unregistered

This is severe survivorship bias at work here. Sure the richest people are in texh and finance but ur seeing only the succesful people within those sectors. Yea sure, best way to get rich if everything goes to plan is texh and finance. But the likelihood of that happening is slim to none on a statistical basis. Most in tech will never reach the level of wealth of a specialist doctor. Being a doctor or lawyer is still one of the best careers risk adjusted returns wise. As a specialist, proceduralsit, aesthetic clinic owner, or even GP chain owner, the high 6 figures and low 7 figures are definitely doable. U state these tech bros and finance guys and business owners as if they aren’t the 0.01 percent

you mean per month or per year, the high 6 figures and low 7 figures

by the way the ex gen surg resident who quit and did aesthetics... sounds like NJz?

Originally Posted by Unregistered

you mean per month or per year, the high 6 figures and low 7 figures

per year high 6 or low 7. Theres ofc some with low 6 monthly but minority

Does becoming a specialist in a public hospital definitely can make 500k a year or you need to do a lot of stuffs and good years.

Originally Posted by Unregistered

What work do u do

Medical Assessments

Originally Posted by Unregistered

not sure why people think it's ok to see so many patients .

communication quality compromise is a given

and with that, quality of care definitely drops
you dont have the time to listen to each patient

In the end still need some volume.
Even if do high value work it isn't like surgery procedures
There is a limit to how high they can pay per encounter/assessment
Specialising is better because you talk about specific things only rinse and repeat
It is like if only do driver licence assessments, certify death certificates, assessments for mental health for anxiety, insomnia, depression, PTSD.
don't prescribe anything.

Originally Posted by Unregistered

yup true.
and Dr Chen Lip Keong and Dr Loo are possibly the top 10 richest doctors in the region and even in the world.

"Being a doctor himself, Chen was sympathetic to the fight against Covid-19 and donated millions of dollars to procure vaccines in Cambodia. More recently, he contributed SG$6.7 million to Rare Disease Fund in Singapore that enables the charity fund to extend financial support to needy patients suffering from rare diseases on the island state."

he donated 6.7mil SGD ..... while many people would kill to have a networth of 6.7mil SGD.

Aim to be top 1% net worth and income. Singapore that is very high

Originally Posted by Unregistered

Aim to be top 1% net worth and income. Singapore that is very high

Income wise it’s around 700k HHI. So it’s still doable