To the best of my knowledge, the opportunity costs of a career in medicine are 4 years in medical school of which I'll be paying $60k a year once living expenses are factored in, 3-7 years of making essentially minimum wage, and lost time from the prime of my life. The benefits are the job security and high salary (when tabulating averages, physicians come out on top of every profession). I suppose we can factor the prestige in too, but that's relatively insignificant to me.
The question I'm wondering is, should I give up my career in medicine to pursue a career in finance? I went to a top 25 undergrad but with a biology major. However, my GPA is solid (I do have my choice of medical schools, after all). I understand that first-year Analysts on Wall Street make a base salary of $85k, with potentially a $55k bonus depending on performance. I know of Managing Directors (the "MD's" of the finance world) who pull in $2 million a year. Private equity employees also make in the low seven figures, as do hedge fund employees.
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Thoughts on reconsidering medicine as a career
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