Tips for a More Productive Medical Job Search
7 Tips for Finding Physician Jobs After Residency
With an estimated 50% or more of physicians leaving their first jobs within two years, it's clear that there's a disconnect between the job doctors think they're accepting and the reality of what the job entails.
Physicians have a virtually 100% chance of getting a job right after training. What a lot of people don't know is that in most states you can't get licensed to practice until after one year of post graduate training is complete (internship).
Money Spent Becoming a Doctor
Doctors often graduate medical school with well over $300,000 of student loan debt. It would cost a doctor $1,753 per month ($21,037 yearly) just to pay the interest on a $300,000 loan. That's almost half of a doctors average net residency income of $50,000.
Practice. Doctors are eligible to apply for an unrestricted medical license after completing their residency program. They are then free to seek employment in private practice or become an employee of a hospital or clinic.
Overall, the average physician salary—including both primary doctors and specialists—was $313,000 annually, according to the 2019 Medscape Physician Compensation Report.
If you are planning to make such a move, or to ask one of your partners to leave, follow these steps to avoid getting burned.
Industry experts estimate that about half of new physicians will leave their first job within one to three years.
In the end, 40 percent of young physicians said the found their first job through referrals or networking, the study found. Twelve percent received a job offer at the place of their residency or fellowship.
Check out the data for yourself in the spreadsheet with all the calculations.
About a third to a half of physicians get in 2-4 weeks of vacation time a year. Like their fellow Americans, however, over a third (38.3%) of family physicians and almost as many emergency medicine physicians (35.3%), internists (33.9%), and general surgeons (32.5%) take off for 2 weeks a year at most.
As per the national president of the Indian Medical Association, around 2 lakh doctors are unemployed (as per this 2016 article: 'India has 2 lakh unemployed doctors who can serve in rural areas if given proper pay, perks' - Times of India. ... What will be the future of Indian MBBS (only doctors and no post graduation)?
Yet No Comments