How is life as a doctor in Singapore?

Originally Posted by Unregistered

I recently consulted my financial planner from HSBC and he did a chart analysis for me. I was asking him if its more worth it financially to take up a residency offer vs coming out to work in aesthetics


he calculated that most of the time the aesthetics path is better off. basically you can invest earlier and your assets will compound fast. this will outweigh any potential increase in salary that specialisation brings you. unless if you land up in a lucrative speciality like ENT/Orth/Opth/OBGYN then its worth it.

Banker bro here
U need to understand what assumption they will make
% saved and of which invested in stocks vs bonds or cash
Expected return etc.

Reality is they must tell u do investing better because it is how they make commission right

But u can do a simple excel to calc urself

Originally Posted by Unregistered

Think about it, procedural and surgical SC make around 600+k. If they bother to take headache of going private, work longer hours more risk, etc then must be a bit more at least

Dont the working hours in private practise go down?

People go private for other reasons too- Frustration with the PHI/ colleagues, working hours, type of patients, etc.

Originally Posted by Unregistered

Seems that fewer and fewer people keen on residency nowadays, even for the competitve ones other than ENT, Opthal. Any1 have any info on this?

i am keen to see any published statistics on this. I have been thinking about the same that more people leave PHI for aesthetic medicine at an earlier age/ stage. I assume it is due to Gen Z versus boomer mentality/ culture. Most Gen Z dream of retiring early and owning their time. To them, that is the definition of stability, while boomer see staying in the same job as stability.

really wish to see sg more transparent about residency competition ratio

Originally Posted by Unregistered

really wish to see sg more transparent about residency competition ratio

When even the residency pick is opaque , what you ask for is too much

Originally Posted by Unregistered

Seems that fewer and fewer people keen on residency nowadays, even for the competitve ones other than ENT, Opthal. Any1 have any info on this?

From where did you get this impression ? There are plenty of people queueing for residency.

Originally Posted by Unregistered

From where did you get this impression ? There are plenty of people queueing for residency.

Funny thing is that FM residency is competitive now which is surprising

during my time 10 years ago FM was a dumping ground for rejects from surgical residency

Originally Posted by Unregistered

Funny thing is that FM residency is competitive now which is surprising

during my time 10 years ago FM was a dumping ground for rejects from surgical residency

Sign of the times.

Originally Posted by Unregistered

Sign of the times.

What does fm residency give u that gdfm cant give? Private doesn't seem to care the difference between these 2 and may as well do other specialties if goal is private?

The only niche is heading polyclinics?

Originally Posted by Unregistered

What does fm residency give u that gdfm cant give? Private doesn't seem to care the difference between these 2 and may as well do other specialties if goal is private?

The only niche is heading polyclinics?

Being a FM consultant and senior con is a pretty sweet deal + FM residency looks a lot better in private