Doctors making super-money outside medicine

The NY Times has this interesting article about how doctors are making mega-bucks on Wall Street, by not practicing medicine. The profile is on one particular doctor, who joined a consultancy firm and eventually landed up in Merill Lynch and now makes 10 times his fellow colleagues, which they figured out during a reunion.

This is not necessarily a new phenomenon, but as medicine gets corporatized, more and more doctors are getting this opportunity. In insurance, in management and in the financial services.

The issue is that you do cease to be a doctor when you stop practicing medicine. And if the loss of that satisfaction and special standing is acceptable, then that's fine. But the relationship between mainstream doctors and those who have opted out will always be a mixed one. Admiration and envy for being able to make so much money, but a bit of condescension that he/she had to move out of medicine to do so. All doctors believe that if they were to move out of medicine, they would be able to do the same...and a lot of the doctor ego comes from the fact that a doctor can still take to most other professions, but other professionals and workers can never ever become doctors.

Comments

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Thanks for commenting. Indeed, most of these points are not new. Unfortunately they seem to be forgotten by a lot of people in healthcare.

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Good article about doctors.
I like this article author has given the all truth about
doctor's. keep posting such a nice post.

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When I suffered my first depression was caused by many problems I had in my family. I never spoke to anyone of the problem until more and can not find professional help.

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This doesn't apply for all the doctors, i must say.

Kevin

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doctors are smoking discount cigarettes, that's why they are all STARS!

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