Forbes March 28, 2024
According to the Association of American Medical Colleges (AAMC), the median cost of a medical education in the United States ranges around $268,000. But this figure represents just the sticker price of 4 years of medical school. Physicians have to do far beyond this, including 4 years of undergraduate studies and a minimum of 3 years of residency, the latter of which has an average salary of only around $58,000. Most importantly, however, is that most physicians have to defer their earnings by nearly 10 years while undertaking training, meaning that they miss out on nearly 10 years of earning potential, compound interest and savings.
To add to this, physician salaries have slowly oscillated over the years. In a recent...
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