How is life as a doctor in Singapore?

Originally Posted by Unregistered

Nvm fairly certain this might be a rad

How do you know?

Originally Posted by Unregistered

How do you know?

said semi procedural and was asking around about total comp because i’m a rad myself

Originally Posted by Unregistered

Doable much much earlier than that if u save and invest prudently. Even 10 mil net worth is possible for a doctor who is financially savvy

Possible for GP earning only 200k an annum?

Originally Posted by Unregistered

Possible for GP earning only 200k an annum?

GP earning 200k is not the standard for being financially savvy. There are many ways to make a lot more than 200k as a GP but ofc u need financial and business acumen

How come so many of you are talking like 300k, 400k p.a is a lot?

It's small beans these days considering inflation and the price of things.

I am surprised there is a "banker bro" here wanting to go to med school in his 40s and get this.....FOR MONEY??

How beh kan are you "banker bro"?

Point is, if you want to make more money, you got to think how to actually get the money in. Banker is not a field where you do not have such opportunities. Neither is medicine.

But it is not about how good a doctor you are, help people that sort of BS. You need to know where the money is, find it and chase it. Much of this is not technical skills. It's sales and soft skills.

Just don't make the mistake of having the "righteous", "ethical", "moral", "do the right thing", "should be", sort of thinking.

Money is money. Find it. Chase it.

Originally Posted by Unregistered

How come so many of you are talking like 300k, 400k p.a is a lot?

It's small beans these days considering inflation and the price of things.

I am surprised there is a "banker bro" here wanting to go to med school in his 40s and get this.....FOR MONEY??

How beh kan are you "banker bro"?

Point is, if you want to make more money, you got to think how to actually get the money in. Banker is not a field where you do not have such opportunities. Neither is medicine.

But it is not about how good a doctor you are, help people that sort of BS. You need to know where the money is, find it and chase it. Much of this is not technical skills. It's sales and soft skills.

Just don't make the mistake of having the "righteous", "ethical", "moral", "do the right thing", "should be", sort of thinking.

Money is money. Find it. Chase it.

it's a lot to me because I am only earning 200k an annum at healthway. PGY6 bond breaker. still servicing my family loan from the bond damages years ago. Not married yet. Don't own a house yet.

Originally Posted by Unregistered

Wow you are willing to take on the stress of going back to med school for a guaranteed 300k annum salary many many years down the road.

Is it really worth it? Think about the opportunity cost. A western med education cost at least 600k. Put that in nasdaq/SP500, that 600k can easily compound to 1 million or more by the time you finish med school and FM residency

senior director in m&a team at some glc only make 300-350k a year while working 9-8pm with lots of stress from upper level and no viability to provide
I see some of my ex-colleagues are doing this at late 30s and these are already the better ones

There are some who are doing even worse - seriously bulge bracket vp who went to a local PE and make 15k a month in early 30s
Finance you don't get to choose what ur next job is... Takes like half a year to find a job
I am making 400-450 this year but i have been applying inhouse job that pays 200-250 for some time (burger king, blackrock, paypal, coca cola, etc.), not even having an interview

Last year there was a massive wave of layoff, my team added 1 headcount and we got like 50 bulge bracket resumes. Hired one - followed-up with the other 2, one took 8 months to find a similar tier job and another one is now working in daiwa (some tier 3 or 4 ib)

I think most ppl don't realize the issue with finance is the job stability and literally u can lose ur job that pays 400 and jobless for almost a year then find a 200

Would say it is just like being a pilot - outside of flying, nowhere will pay u that money. The only difference is pilot is sought after everywhere but not all finance ppl are sough after everywhere.
Private banking is booming now so u can make 400+ with 8-9 yoe keep hopping but investment banking is dying and moving from one to another is just like an SIA pilot applying to a bus driver job. Obviously won't be hired

My goal is tbh just either find a cushy specialty and 350k in sg or flee to hk as a 500-600k gp
No complaints if my 45s earning is 500k, that's like the head of apac corporate development salary for many not so active f500 companies

Originally Posted by Unregistered

Is it really worth it? Think about the opportunity cost. A western med education cost at least 600k. Put that in nasdaq/SP500, that 600k can easily compound to 1 million or more by the time you finish med school and FM residency

Actually it costs around 500k + He is postgrad so only 4 years + he isn't paying 500k upfront. He is also gonnn be in HK most likely so financially it seems to work out. Too much effort for me tho id just invest what i have and work until im fired[/QUOTE]

That's my plan too - it's unlikely that i will quit voluntarily
But i would probably bet on 2026
Seeing no recovery in sight - probably they will just do another round of mass layoff then i will hop
If nothing happened or market pick-up, I would just stay

I think of it as a backup plan to another recession (or the moment i am let go as i cannot originate 500 client meetings a year and bring in 10m revenue for my company)

I also see the opportunity cost of giving up 400k job - but if the job is gone then tbh ur opportunity cost is very low unless u are confident of finding a similar tier job (which i highly doubt achievable myself)

The bro above went from med to law and now is a local partner
So i think the other way round also make sense if it is about the long game

And to bros who think about invest
I saved up 1.3m so far (i moved to a small buyside before bonus cycle, both took a very big hit to my savings)

I think if ur career is unpredictable, it is hard to blow all on sp500. If sp500 tmr crash 40% i am quite sure IB will fire another 30-50% ppl. Negative event in US stock market correlates hard to asia finance so it's hard to put all eggs in same basket

With sp500 at 6000, no one knows if how long the streak can go
5y ago it was 3100. Do you think 2029 it will be 12k? 2008-2013 it was up and down and flat.
Can't just extrapolate permanent 8-12% because last 5 years we had it.
Otherwise all these canadian pension plan investment board, ontario teacher's pension plan, temasek, gic, calpers can fold shop. Just blow all into spx or 80/20 with us treasuries

Originally Posted by Unregistered

it's a lot to me because I am only earning 200k an annum at healthway. PGY6 bond breaker. still servicing my family loan from the bond damages years ago. Not married yet. Don't own a house yet.

Don't work for Healthway. You get no where.