Started By
Message

re: I’m 46 and I just applied to med school

Posted on 9/18/20 at 12:18 am to
Posted by LSUFAITHFUL
Member since Oct 2007
1089 posts
Posted on 9/18/20 at 12:18 am to
quote:

I am a pharmacist making 150k. My salary was dropped last week (along with everyone else’s) from 185k. Another drop is coming and maybe the it drops to zero. I’ve been studying the job market for months and the salaries are getting really low for a 6 to 8 year degree. The writing is on the wall. I’m sick of standing up and grinding all day getting interrupted 3000k times a day. It’s very robotic and unsatisfying.


So, you lose $150k a year for three years ($450k), plus pay for school at least $100k (in state LSU caliber price). You are out $550k. ($100k more if you have to pay interest on student loans after you finish).

You do a residency for 3 years at $60k a year (so losing another $90k a year for three years). So, in those six years your net income is $820k less than it would be if you kept working for 6 years. Plus you may be strapped with SL interest.

You’d have to work at 250k a year for 8 years just to break even. At that point you are 60.

Not sure it’s worth it, but only you can decide that, because it’s more than about money. Just know all jobs are shite to some extent. Same circus, different clowns.

Have you looked at smaller non-big box chain pharmacies? I have a friend that left CVS for a small compounding pharmacy and LOVES it. Actually feels like she’s using her degree and education instead of pursuing unrealistic and wacky big box chain policies and quotas.

This post was edited on 9/18/20 at 12:20 am
Posted by JoeKennedysDrool
Fall River Garage
Member since Jan 2018
84 posts
Posted on 9/18/20 at 12:22 am to
Excellent financial analysis......when you add it up in black and white it is impactful


ETA
I still think if it is a calling for you that is more valuable
This post was edited on 9/18/20 at 12:26 am
Posted by Newrow
Member since Oct 2017
946 posts
Posted on 9/18/20 at 12:24 am to
Concerned. Nah. I’m only concerned for the OP who said if he gets enough upvotes he’ll go to med school. I just think it’s a dumb thread. If you’re 46 and applying to med school wtf would you post this on the OT. At 46 you don’t need validation from an online forum.
Posted by JoeKennedysDrool
Fall River Garage
Member since Jan 2018
84 posts
Posted on 9/18/20 at 12:29 am to
I’ll allow it

ETA clearly I have no right to allow or disallow anything
This post was edited on 9/18/20 at 12:31 am
Posted by YatInTheHat
Member since Apr 2017
868 posts
Posted on 9/18/20 at 12:38 am to
quote:

Hell, you should reverse the whip and work for a PBM as a clinical manager or Pharm D. They make easy 6 figs and work remote. I worked for AdvancePCS, CaremarkPCS and CVS Caremark for years. Check out what some of the PBMs have before leaping.


Any way I can get in on this with an art degree at 52 years old?
Asking for a friend....
Posted by Newrow
Member since Oct 2017
946 posts
Posted on 9/18/20 at 12:38 am to
I got a little aggressive. Cheers
Posted by PowerTool
The dark side of the road
Member since Dec 2009
21240 posts
Posted on 9/18/20 at 12:39 am to
quote:

Have you looked at smaller non-big box chain pharmacies? I have a friend that left CVS for a small compounding pharmacy and LOVES it. Actually feels like she’s using her degree and education instead of pursuing unrealistic and wacky big box chain policies and quotas.


I know several people who went that route and found it far more fulfilling and intellectually engaging than reporting to district managers. Not to mention it opens up other career opportunities.
Posted by Boo Krewe
Member since Apr 2015
9810 posts
Posted on 9/18/20 at 1:40 am to
I want to go to med school to marry a doctor. Must be hot, sorority , all that.


Thing is my gpa is shite, and I can't afford.more school
This post was edited on 9/18/20 at 1:45 am
Posted by RummelTiger
Texas
Member since Aug 2004
90006 posts
Posted on 9/18/20 at 1:45 am to
Best of luck to you, sir. Follow your dreams!
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75302 posts
Posted on 9/18/20 at 1:47 am to
LINK

Did you see this?
Posted by RightHook
Member since Dec 2013
5560 posts
Posted on 9/18/20 at 1:50 am to
you'll still make more money after practicing medicine for 10 years despite tution and no to low income for 5 or so years.

Posted by arcalades
USA
Member since Feb 2014
19276 posts
Posted on 9/18/20 at 3:46 am to
quote:

Med School in some Banana Republic?
like the US
Posted by LetsgoGamecocks
Member since Sep 2014
2916 posts
Posted on 9/18/20 at 4:15 am to
If you want to do it, then do it. If you don’t you will regret it. Good luck and study hard.
Posted by Hamma1122
Member since Sep 2016
19877 posts
Posted on 9/18/20 at 4:25 am to
Good for you
Posted by makersmark1
earth
Member since Oct 2011
16035 posts
Posted on 9/18/20 at 4:36 am to
The grass may not be greener.

I’m a doctor and all I think about is retiring.
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
34957 posts
Posted on 9/18/20 at 4:39 am to
If you’ve got the money to pay for it sure why not. No way in hell I’d rack up a ton of debt to pay for it at your age though
Posted by makersmark1
earth
Member since Oct 2011
16035 posts
Posted on 9/18/20 at 4:43 am to
quote:

all jobs are shite to some extent. Same circus, different clowns.


Shakespearean level quote.

Medicine is not special.
I’ve practiced for 30 years and I’ve enjoyed some great moments, but most of it is like any other job. You will have to deal with a moron somewhere in the system who can destroy your workflow with paperwork.

Most days I come home and when asked,”how was your day“, I say, “I’m one day closer to retirement.”
Posted by mikelbr
Baton Rouge
Member since Apr 2008
47549 posts
Posted on 9/18/20 at 4:54 am to
quote:

Starting to practice at 55?...yeah, good decision.

It'll never be ready in time.
Posted by tigerfoot
Alexandria
Member since Sep 2006
56568 posts
Posted on 9/18/20 at 5:10 am to
quote:

Texting all day about flu shot goals not being met...
ahhhhh. Texting. The favorite tool of the passive aggressive corporate manager
Posted by LeroyBrown
South Side Of Chicago
Member since Jul 2017
561 posts
Posted on 9/18/20 at 5:14 am to
quote:

I am a pharmacist making 150k. My salary was dropped last week (along with everyone else’s) from 185k. Another drop is coming and maybe the it drops to zero.


What reason do they give for reducing your compensation? Are you still doing the same job / working the same hours?
Jump to page
Page 1 2 3 4 5 ... 10
Jump to page
first pageprev pagePage 3 of 10Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram