drown besk Posted March 2, 2018 Report Share Posted March 2, 2018 Do MDs and dentists work around the same amount per week? Link to comment Share on other sites More sharing options...
#YOLO Posted March 2, 2018 Report Share Posted March 2, 2018 sure Link to comment Share on other sites More sharing options...
Butterfly_ Posted March 2, 2018 Report Share Posted March 2, 2018 Also depends on what type of doctor you are. Link to comment Share on other sites More sharing options...
武田信玄 Posted March 2, 2018 Report Share Posted March 2, 2018 actuarial science or accounting beats both. Link to comment Share on other sites More sharing options...
drown besk Posted March 2, 2018 Author Report Share Posted March 2, 2018 general practitioner vs family doctor. How much do they work and how much do they make on average? Link to comment Share on other sites More sharing options...
bearded frog Posted March 2, 2018 Report Share Posted March 2, 2018 48 minutes ago, drown besk said: general practitioner vs family doctor. How much do they work and how much do they make on average? They work and make exactly the same... because they are the same. The CMA says ~180000 was the average income (pre-tax) in 2014/15. Link to comment Share on other sites More sharing options...
#YOLO Posted March 2, 2018 Report Share Posted March 2, 2018 damn thats a depressing income Link to comment Share on other sites More sharing options...
la marzocco Posted March 2, 2018 Report Share Posted March 2, 2018 On 3/2/2018 at 1:38 AM, #YOLO said: damn thats a depressing income Geography matters. Just did a cursory search on the CIHI and found the most recent report on physician comp (2015-2016). Highest appears to be PEI/Ont at around $234K, lowest seems to be NL at $160K. National average is sitting close to $210K. Overhead rate is big factor - if you're able to structure your practise in a group, you are much more able to earn higher net income because you are spreading out your fixed costs. This leads to better absorption and higher margins. Note that FM hospitalists have virtually no overhead. Link to comment Share on other sites More sharing options...
Butterfly_ Posted March 2, 2018 Report Share Posted March 2, 2018 I suggest becoming an investment banker if you want to make $$. Becoming a doctor for the money is probably not the best choice. Just my two cents. Link to comment Share on other sites More sharing options...
la marzocco Posted March 2, 2018 Report Share Posted March 2, 2018 15 minutes ago, Butterfly_ said: I suggest becoming an investment banker if you want to make $$. Becoming a doctor for the money is probably not the best choice. Just my two cents. Haha. Pros and cons. ibanking has very rough hours. for the amount of hours that family physicians work, FM has a much better lifestyle and work-life balance. Plus, you can scale up your hours easily in FM if you want more income, but you really dont have that much discretion in your work schedule when you're starting off as an ibanking analyst. End of the day, FPs have much better control over their schedule than IBs - ceteris paribus. Looking at my IB friends, I do not envy them at all. Always remember - diminishing marginal utility of income Link to comment Share on other sites More sharing options...
A-Stark Posted March 2, 2018 Report Share Posted March 2, 2018 10 hours ago, 命运的羽毛 said: actuarial science or accounting beats both. Working in insurance or, say, accounting at Dunder-Mifflin personifies boring. 50 minutes ago, Butterfly_ said: I suggest becoming an investment banker if you want to make $$. Becoming a doctor for the money is probably not the best choice. Just my two cents. Because obviously anyone doing a premed biology degree can readily do that. Plus wearing a suit everyday is a nightmare to me. Link to comment Share on other sites More sharing options...
Bambi Posted March 2, 2018 Report Share Posted March 2, 2018 15 hours ago, drown besk said: Do MDs and dentists work around the same amount per week? I know dentists who work as dentists 3 days a week, and earn a very good living. I don't know of any physicians who are doing the same. Link to comment Share on other sites More sharing options...
BoopityBoop Posted March 2, 2018 Report Share Posted March 2, 2018 10 hours ago, #YOLO said: damn thats a depressing income I'm sure the majority of Canadians will whole-heartedly disagree with you. I don't know what kind of household you grew up in, but 180k before taxes is a lot of income for a single person. Link to comment Share on other sites More sharing options...
GrouchoMarx Posted March 2, 2018 Report Share Posted March 2, 2018 15 minutes ago, BoopityBoop said: I'm sure the majority of Canadians will whole-heartedly disagree with you. I don't know what kind of household you grew up in, but 180k before taxes is a lot of income for a single person. in the physician market it is on the severely low end. Link to comment Share on other sites More sharing options...
武田信玄 Posted March 2, 2018 Report Share Posted March 2, 2018 1 hour ago, A-Stark said: Working in insurance or, say, accounting at Dunder-Mifflin personifies boring. boring is such a subjective feeling. all i know is i have a family friend who smells, not particularly smart, and went to waterloo for actuerial science and is having a more than good life right now. certainly beats my life. he doesn't find his job boring either. Link to comment Share on other sites More sharing options...
Butterfly_ Posted March 2, 2018 Report Share Posted March 2, 2018 3 hours ago, la marzocco said: Haha. Pros and cons. ibanking has very rough hours. for the amount of hours that family physicians work, FM has a much better lifestyle and work-life balance. Plus, you can scale up your hours easily in FM if you want more income, but you really dont have that much discretion in your work schedule when you're starting off as an ibanking analyst. End of the day, FPs have much better control over their schedule than IBs - ceteris paribus. Looking at my IB friends, I do not envy them at all. Always remember - diminishing marginal utility of income True, I worked in IB for 2 years. Not the lifestyle for me and made me realize money isn’t everything. It’s great for people who are passionate about investing and finance though, many of my Commerce classmates are still loving it. 2 hours ago, A-Stark said: Working in insurance or, say, accounting at Dunder-Mifflin personifies boring. Because obviously anyone doing a premed biology degree can readily do that. Plus wearing a suit everyday is a nightmare to Honestly, any one with a degree can get into IB. My colleagues in IB came from various backgrounds: engineering, philosophy and even art history, I’m not kidding lol. It’s difficult, but definitely possible. But the majority do have business or MBAs. Link to comment Share on other sites More sharing options...
Mithril Posted March 2, 2018 Report Share Posted March 2, 2018 13 hours ago, GrouchoMarx said: in the physician market it is on the severely low end. You can make as much or as little as you want in family medicine. The income average is pretty skewed by family physicians who only work part time since that is one of the benefits of family medicine: essentially being able to craft your own schedule. I work 6 days a week and I am at a very comfortable income level after overhead working 8 hours per day. if you want to make as much money as a specialist, then put in as many hours as most specialists, join a group practice where you're only paying 20-25% overhead rather than 30-35%, and use some of that brain power that got you through undergrad, med school, and residency to learn how to diversify your financial portfolio wisely. Link to comment Share on other sites More sharing options...
Aconitase Posted March 20, 2018 Report Share Posted March 20, 2018 On 2018-03-02 at 0:33 AM, drown besk said: general practitioner vs family doctor. How much do they work and how much do they make on average? You can’t be serious. You don’t know they are the same thing? Link to comment Share on other sites More sharing options...
rmorelan Posted March 20, 2018 Report Share Posted March 20, 2018 On 3/2/2018 at 0:33 AM, drown besk said: general practitioner vs family doctor. How much do they work and how much do they make on average? 12 minutes ago, Aconitase said: You can’t be serious. You don’t know they are the same thing? Not everyone knows all of the various fields and the transition to family doctor from the older general practitioner. Particularly someone with 5 posts (I mean I didn't when I joined the forum initially either). Asking questions is how we find out new things Link to comment Share on other sites More sharing options...
ploughboy Posted March 24, 2018 Report Share Posted March 24, 2018 On 3/2/2018 at 1:38 AM, #YOLO said: damn thats a depressing income Here's some context for you: http://www12.statcan.gc.ca/census-recensement/2016/dp-pd/hlt-fst/inc-rev/Table.cfm?Lang=Eng&T=101&S=99&O=A Link to comment Share on other sites More sharing options...
goleafsgochris Posted March 24, 2018 Report Share Posted March 24, 2018 1 hour ago, ploughboy said: Here's some context for you: http://www12.statcan.gc.ca/census-recensement/2016/dp-pd/hlt-fst/inc-rev/Table.cfm?Lang=Eng&T=101&S=99&O=A That's actually a bit higher than I thought. 65,000 after tax in Ontario is something like 90k before taxes. Link to comment Share on other sites More sharing options...
drown besk Posted April 15, 2018 Author Report Share Posted April 15, 2018 I'm really torn between what I should do.. I love the work life balance that the dentistry has to offer, but I also would like to have some flexibility in exploring different aspects of health rather than just on oral health. And is it true that dentists make around 120k and that doctors easily make 200~600k? That's also a factor I want to consider... Link to comment Share on other sites More sharing options...
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