PA vs MD who gets RICH faster?
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- เผยแพร่เมื่อ 2 ก.ค. 2024
- Doctors are RICH, we all know that, but they also have to go to school for a VERY long time. Physician Assistants (PAs) and Nurse Practitioners (NPs) also make good money, although not nearly as much as a doctor, and get to start practicing much sooner. So, who gets rich faster?
0:00 intro
1:02 PA vs MD training (PA school vs Medical school)
2:48 assumptions in this comparison
3:52 average physician assistant pay
5:15 average primary care physician pay
6:20 cost of PA school
7:55 cost of medical school
16:00 PA vs MD after training
20:30 MD catches up to PA
24:17 outro
#doctor #physicianassistant #money
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As a fellow vet, since we won’t have any school debt and much lower cost of living cause of our benefits. I was debating on PA and Med School, but now seeing that the main reason people go to PA school is because costs and not having freedom early. Since we’re getting paid to study I’m thinking I might as well go the med school route. Our veteran benefits have honestly been a blessing.
The GI bill really is an amazing benefit. Very well worth 5 years of navy BS haha.
I don’t think the only reason people do PA instead of MD is just time and cost. There are a lot of reasons I chose PA over MD. I’ll make a video about it soon.
@@BorisThePA That would be great, I am still debating, I have one year left to get my bachelors but I am making sure I have the pre-reqs done for both PA and MedSchool just in case. I did 4 years enlisted in the Marines and using my GI Bill for my bachelors and plan on using the VR&E for my PA or Med School. If I don't get it I could also use my hazlewood act to pay for them. Being a veteran is truly amazing.
@@Lobi10879 yeah it is, especially in Texas, what an amazing benefit!
Enjoyed the video! This was really interesting and informative. Hope to see the next one
Thanks! Going to start making more salary/money videos
Great video, man
Thanks 🙏🏼
I’m in my pre PA process right now. I just recently find out about the profession. It’s hard to go through the admission requirements with basically no connection. And the fact that I got in the states just years ago makes things 2x harder. But will get there !!
Sounds a lot like my story :)
Your tenacity and motivation will get you there. If you don’t have connections go make them yourself. Keep putting yourself out there and communicate your interest and eventually someone will give you a chance!
This is brilliant.
Thanks!
amazing video
Thanks!!
Army vet here- I debated these routes for a while but the deciding factor for me was med school 100 percent paid for( actually getting paid during school) and going the Emergency medicine route it's a 3 year residency with an average income of 377k / year.
Either way the money will be there - go with your gut people
Nice, congrats on the decision. How far down the pipeline are you?
ER is a great choice. Probably one of the only MD specialties with a possibility for work life balance. Also the opportunity to make wayyyy more of you want. My buddy Lucas is an emergency medicine MD in the national guard (maybe active duty army? Not sure) and he moonlights at a local ER when he’s off duty and makes bank. He’s gonna retire very comfortably by 40
@@BorisThePAI'm about halfway through a 3 year accelerated MD program.. will have my MD in 2025
@@beastmodebane5909 that's awesome!!!! congrats!! if you don't mind sharing what program are you doing? the only accelerated physician program I've found is LECOM's accelerated DO
Miami, Penn State, NYU, Texas Tech( Family Med only) and Cooper Rowan all have 3 year options.. Miami for me
Oh and Tulane as well.. had to go back and look at the schools I applied to
I hate that pay is subconsciously affecting my decision to go pa vs md especially now that I’m starting so late (29 yr old)
I think it’s more about what you want out of life. If you want medicine to be your whole life or damn close to it, go MD. If you want medicine to be part of your life, go PA
@@BorisThePA That makes it so much easier to choose. Thank you SO much
@@christopherbae6544 you're very welcome!!
@@christopherbae6544 you're very welcome! I think I need to do a whole PA vs MD series, this seems to be a choice many struggle with especially now a days
@@christopherbae6544hi Christopher! My father who became a PA is in the same boat as you. My father started PA school at 32. Since at that point he was married with 2 kids for him Pa was economically viable. However I’m sure you could achieve going md. And after 10 years of my dad working if he had the chance to start at 22 he would have wanted to become a doctor. Good luck
Is there any stipulation to working as a PA with a higher disability rating? Lil 70/80%+?? I know it’s a really vague question based off the general umbrella of VA compensation but I’m just curious.
I’m Active Duty Army and I’m trying to pick between PA and business starting my undergrad at the age of 29…
New subscriber.
Can you make a video about health care experience?
I currently have a lot of hours , but I’m not sure if they will be considered as health care experience or patient care experience. I have worked as a caregiver at retirement centers and in residential settings.
Thanks for subscribing!!
Being a caregiver at a retirement center should be patient care experience. PCE is usually a paid position where you’re responsible some aspect of patient care.
Here’s a video I did on the topic! th-cam.com/video/uDYvfh5zjqU/w-d-xo.htmlsi=0UAkvJUF3rNkQ0cZ
@@BorisThePA thanks man. I appreciate that. I am heading to check that video out
I am actually wanting to be a Physician Assistant. I am a Law Enforcement Officer and have been for over 6 years. I am attending college soon to get my BS in health Science then work in health care to get my PCE hours and shadowing hurs then apply. I wouldnt mind being a PA and helping as a cardiovascular PA. If possible. I know my wife whom is a first assistant says some PA help the doctors innsurgery.
Yup, cardiothoracic PAs are very much in demand and it’s one of the highest paid specialties
This was a good video. I do have some thoughts however.
That 260K number is deceptively high, and might not be true. BLS has the average salary for a FM doc as $224K. Most sources have similar numbers, and rarely do I see 260K as being the cited number. Additionally, they are taxed at a higher rate than the PA. They will also likely be dealing with interest on loans for a longer time. Also remember that physicians generally work more hours in a week than PAs.
The $115K number for PA is also outdated, that was the BLS number in 2021. The most recent number is $125K. In reality, chances are it will take an FM physician even longer to catch up to the PA than in this video. I like that you considered compound interest though. Many people don't consider that simply because the public is ignorant about finances and investing in general.
👍🏼
You have to understand the difference between average and median.
There can be pcps making 400k working 70 hour weeks and part time primary care physicians working 2 days a week making 50k. This equals to an AVERAGE of 225k
My dad told me that if I want to be a doctor, go into Dermatology because you don't get calls at 3am.🤣
I'm going to be 50 soon. I'm thinking P.A. might be the hot tip.
Great video! 🎉
Yeahh doing to med school at 50 is tough, you’d start practicing at almost 60…
What your age brother?
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