Doctor Or Business Person?
So what’s a better investment?
Doctors go to school+residency for 12+ years while a business person can go for 4 years to get a business management or administration bachelors, then work and gain expierence then go for an MBA and work 3 more years which would end up being 8 years, then 4 more years of expierence would be 12 years, but who makes more, a business person with 8 years EXPerience and an MBA or doctor fresh out of residency?
So after the 12 years…
The Business person has 1 bachelors + 1 master (MBA, lets say from Harvard or Stanford since getting into there MBA program is as 4-5 times easier then getting into ANY medical school in the USA) + 7 years work expierence
The doctor has 1 bachelors + 1 MD (a doctorate) + 4 years residency and just starts getting out into medicine (lets say the field is radiology)
- Who makes the big money in the long run?
- Who works harder in the long run?
This isn’t a follow you heart question, my questions are pretty straight. Thanks!
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If the MD specializes in a surgery they make tons. MD’s make a lot of money either way. If you become a doctor, in other words, your going to be rich.
A business person has the potential though to make much more money, but it all takes luck and networking. You might never make more than a doctor if your not good with people. Compare Bill Gates (business man) to any doctor you can think of (even ones that have patented drugs or machines in medicine), Trump, and the list goes on.
As for working harder in the long run, doctors. They cannot just stop working. Business person can get other people to do the work eventually and you end up on the golf course.
if you want to make money, don’t become a doctor. being a doctor is more of a vocation than a business venture. you can’t be a doctor just for the money. you will never last through the years of medical school with an attitude like that. medicine is all about service to humanity, not earning money. it is true that some doctors manage to make money, but the price of that is their own blood, sweat, tears and sleepless nights. so considering the gross income minus the overhead, a doctor just comes out even.
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