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Compton

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  1. Schulich has a lot of internal problems and issues that aren't present at other dental schools. Talk to current students outside of interviews and campus...there are many controversial stories
  2. I'll say that it isn't an easy road and there are many who have mentioned on this forum multiple times (recent grads, experienced dentists and to an extent dental students) that if you want to make money, there are better careers out there with less schooling and physical/mental stress. Recently, some students were given a survey at their dental school (by the student body, not the school) if they would have chosen dentistry with tuition + living costs reaching 500K. The question really becomes whether it is worth it at the end of the day for you. People enjoy this career and wouldn't do anything else but to say you'll be banking within a few years is pushing it. I would personally think only a handful of students have their parents fully financing tuition/living costs and buying a practice within 1-2 years of graduation. The vast majority would be taking out LOC, government loans and working as an associate for 5 years paying it back. Ownership isn't even on people's mind for years, especially with rising cost of living, mortgage, high tax brackets. In the end, I would just say choose to do what you enjoy and stick with it. I'm not making bank but I'm happy with my life style. Couple of my friends are physician assistants, PTs, NPs and make real good money with no debt after graduating and only really 2-3 years of schooling (on top of UG). Weigh your options and then move forward, you are still young so don't worry about your age.
  3. Dental students also say: "I'll open up three practices in the first three years and start making 500k/year net easily with banks fully financing practices with good cash flow". Not sure how you can live with 3m in practice loans, 200k dental school debt, mortgage and yearly expenses on top with the high tax brackets in this country....
  4. In the most recent cycle, a few Canadian dental school students (no US status) that I know who applied to OMFS matched into 4 year programs with 55-60 CBSE scores. Not sure if this is a new trend or an outlier of a cycle....
  5. This isn't surprising...and this has been going on for years. FBI has noted that this is just the tip of the iceberg, there is suspected admissions scam in professional schools as well (med, dent, opt, etc.) Money talks at the end of the day
  6. Compton

    This Is Insane

    I think the main point here is that this student "exaggerated" their accomplishments and tried to influence the study body to not engage in research, to their advantage. Yes, the admission process is cut throat and people consider every little thing to get themselves ahead however, the manner in which this student "published" and wrote "books" is the root of the problem. A colleague of mine stated if this student did not attract publicity by stating all his publications on LinkedIn or writing an article, they would have flown under the radar and got away with it. In essence, this may result in more awareness in the admission process. In the end I wouldn't be surprised if this student is made an example for future applicants and flagged for all future applications to Canadian and American med schools (maybe even extending into residency spots if the student chooses the IMG route).
  7. Compton

    This Is Insane

    I can tell you its been discussed in the US as well. Heard from a few colleagues in USMD that a Canadian premed student "published" 30+ first authors and faculty are aware of the story. This story has exploded..
  8. Compton

    2019 CaRMS unfilled spots

    Yep you're right...the grass isn't greener on the other side. Dentists have their own issue with international trained dentists (ITDs) and the expansion of clinics opening at every single plaza. At least medicine has the residency barrier, for dentistry you can do schooling in Ireland, Australia, New Zealand and walk right back into Canada to practice provided you pass the single licensing exam. Combined with high overhead, saturation, etc, dentistry isn't as desirable as before but you could still make a good living. Although, I know a few physiotherapists making real good money (net 250k+) while working only 35 hours a week mostly managing their clinics. Doesn't mean that we should all become physiotherapists though...
  9. Anyone apply/match into OMFS?
  10. I think some would even say a CBSE > 75-80 is necessary these days with the competition for Canadians...but i think for other specialities, the ADAT can help balance out GPAs to an extent.
  11. Salaries are varied in every single profession. I know a physician assistant in the US making 200k net, a physiotherapist making 250k net owning their clinics. Sure there are optometrists making 250k net (even more) but that's not going to be the vast majority. And even if you do make that much, it's no walk in the park. Running a business is tough, and there are unforeseen challenges along the way that impact your bottom line. In the end, you got to enjoy what you do. If family med is what you like and see yourself doing through good and bad days, go for it. If it's optometry, stick with it. Money will come in all these professions, and if you put your mind to it, you can make a lot of money through clinic ownership. Focus on your interests first OP but definitely attend the interview!
  12. Why? If you study here, then long-term, you're still way better off than the average person. Even with a 250-300 K loan, you'll be pulling 6 figures and have a prestigious degree. Sure, there is more stress involved than normal jobs but it is still a great career with great pay. I wouldn't advise going abroad (Caribbean) and doing med to practice in Canada though...there are def better alternatives.
  13. Compton

    How much will I really make?

    Personally, I'd say expect to make what you put in. Let's face it, the GTA is saturated for almost every profession. But, if you have the desire to make big money, you'll be able too given the right work schedule and procedures. Ownership is the way to go if you want a bigger cut and salaries closer to 7 figures but be aware of the challenges (such as insurance reimbursement, higher cost of living and wages for staff, etc.). I've been part owner at two practices in the GTA for the last few years and its been stressful. The minimum wage increase really hurt our bottom line this year and we've had an increase in practices opening up around us. Now, there are 3 practices in our plaza, with another plaza being built across from us with another 3 planning to open there. I can also see the impacts of ITDs flooding the market, and its really increasing competition for associateships. But, at the end of the day I'm happy making substantially more than the average Canadian. I'm still paying off student loans, my practice loans and I have a mortgage. But it doesn't give me sleepless nights, although I can see how others would be worried. Ownership isn't for everyone and the risk/reward isn't really what I expected while in dental school so be realistic about your goals. A few classmates of mine thought they could make 300k+ within 5 years by opening up practices outside the GTA. Wasn't as easy as they thought and are stuck with practices that aren't getting patients and they have a large loan accruing interest. As an associate you don't deal with that type of stress so like cleanup mentioned, you'll be able to pay bills, live a really good life and have some luxuries so don't be worried OP. Also, seeing that cleanup has mentioned family med being great in the GTA, I have a friend who went to the states for the physician assistant program. He ended up staying there, opened up a few private practices and makes close to what I make here (accounting for the exchange rate). He only had two years of schooling and almost no student loans compared to me. If you want to make money, you'll make it in other fields in healthcare too, dentistry isn't everything folks!
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