Wednesday, May 25, 2022

Doctor vs Engineer vs Business | Deciding on a Career

Did you always know that you wanted to bea doctor? I didn’t either. In fact, even in college, I was weighing myoptions between going into engineering, business, and medicine. In this video, we'll go over each and howyou can best decide which career path is right for you. What's going on guys, Dr. Jubbal, MedSchoolInsiders.com Before we dive in, there are two caveats we must go over, first, my personal story asto how I decided to become a doctor is much .

More personal than what I am explaining inthis video. Personal factors, such as being diagnosedwith a chronic illness at the beginning of college, influenced my decision. I go over the full story on my vlog channel,link in the description below. There are several videos on the vlog channelthat go more into my personal experiences with career options, health issues, and myphilosophy on optimizing one’s life. For an even deeper and more intimate viewof what this looks like, visit me on Instagram. At number two, I am inherently biased as Iwent to medical school and earned my MD. That being said, I do love engineering andbusiness as well and have dabbled with both, .

As you’ll see. I will also do my best to be as objectiveas possible and portray the pros and cons of each, and help guide you in making yourdecision. For those of you with a engineering or businessbackgrounds, I tremendously value your input as you have a different perspective than me. Let me know what you agree or disagree withdown in the comments. Without further ado, let’s get to it. First, let's talk about becoming a doctor. I like many others consider medicine to bea highly noble profession. .

You deeply connect with patients, they trustyou in their most vulnerable states, and you can leave a deeper personal impact and changetheir lives in a way that is difficult to match in any other profession. One of the most common reasons people wantto go into medicine and become a doctor is the fulfillment from helping others. That sounds great, but remember that you canhelp others in a multitude of professions. In many healthcare settings, nurses actuallyhave more frequent and extended patient contact than doctors. Policemen help enforce the law and protectthose in need. .

Firefighters and EMTs help people in the mostdire of emergencies. Engineers and businessmen and women help peopleas well through their work. Helping others is not unique to being a doctor. That being said, the desire to help othersis not a bad reason to pursue medicine. Helping others is fundamental in finding one’slife purpose and fulfillment. However, it isn’t unique to being a doctor. What is unique is the intellectual challengeand interpersonal connection that comes with being a doctor. I like to joke that all doctors are nerdsbecause it is tremendously difficult to be .

Successful in medical school and beyond withouthaving an innate desire to learn, grow, and challenge yourself. Medicine is a profession where being a lifelonglearner is essential. You are going to be required to take boardsevery 10 years, and to provide the best care to your patients, you need to keep up to datewith research. At Med School Insiders, we go over a widearray of study strategies to make you a more effective lifelong learner, and that includeslearning to enjoy the process of learning. There are several other reasons individualspursue medicine, but these are less frequently spoken about, but at Med School Insiders,we keep it real. .

First the salary. You should never go into medicine becauseof the money, but to deny the job security and high earning potential as a factor wouldbe dishonest. Compared to engineers or businessmen and women,doctors on average earn more, emphasis placed, on average. Based on the specialty, doctors can expectto earn between $200,000 to $600,000 per year. There are, of course, outliers to this rangeon both ends of the spectrum. The reason you shouldn’t pursue medicinefor the money is because of opportunity cost and the rigorous work that is required bythe profession. .

By the time you’re actually making the bigbucks in your 30s, you’ve sunk hundreds of thousands of dollars into your medicaleducation, and while others have been making a salary and saving for the past 7 to 12 years,you’re been in training and are now you're finally starting but from a negative net worth. You’ll be working longer hours too, as theaverage attending physician works 60 hours per week in the US. In residency, expect that to be closer to70 or 80 hours per week, plus studying at home. And remember the average medical student graduateswith close to $200,000 in debt. .

The image of becoming a doctor and being richis mostly antiquated. With decreasing compensation and increasingstudent loans, don’t expect a lavish lifestyle. Most doctors are very risk-averse. The profession of medicine, after all, isextremely secure. AI is coming, but it’s going to be replacingseveral other careers before surgeons get replaced, and people will always need healthcare. There’s always a demand. Assess your own risk tolerance and determinewhat you’re comfortable with. But at the same time, don’t let fear ofrisk pigeon hole your potential future. .

Usually, when there is more risk, there isthe potential for more reward. Take business for example, businessmen andwomen have a much higher earning potential than physicians and much more potential tochange the world, but it’s not guaranteed. In fact, most businessmen and women, on average,make less than doctors. Stated another way, if you become a doctor,you’ll probably make more money however, you could potentially make more money in business. Now, certain cultures place heavy emphasison the status and desirability of being a doctor. While this is a nice perk of being a physician,I am doubtful that it contributes to long .

Term satisfaction. Sure, it’s nice to be respected for thehard work, dedication, and long hours, but if this is your reason for going into medicine,it's not gonna sustain you. Intrinsic satisfaction and fulfillment fromthe work is much more important. Next, let’s talk about engineering as aprofession. Similar to medicine, engineering allows youto specialize based on your area of interest. In medicine, you can go with plastic surgery,pathology, radiology, internal medicine, psych, et cetera and find the best specialty foryour personality and preferred lifestyle. In engineering, you can also choose from avariety of specializations, such as civil .

Engineering, electrical engineering, mechanical,and much more. Similar to medicine, engineering also providesa high level of job security and a relatively high salary. While many physicians earn in the low to midsix-figure range, many engineers are in the high five to low six-figure range. Engineers, on average, make less than doctors,but they also aren’t required to go through four years of medical school and three toeight years of residency and they graduate with significantly less debt. I was personally very interested in computerscience because the way of thinking is so .

Unique and logical. I loved programming in high school and itcame easily to me. The problem solving of computer science andprogramming is very stimulating and fun in my opinion. I was also a huge fan of math in high schooland in college and I thoroughly enjoyed physics, calculus, and mechanical engineering electives. But one thing that pushed me away from engineeringwas imagining what I would be doing day in and day out. I like interacting with people, and I feltthat the interpersonal stimulation of being .

A doctor and meeting patients every day wouldbe more in line with my ideal future than what the job of an engineer would traditionallyentail. It was difficult to see myself working ata desk nine to five. And not all engineers necessarily do, butdoctors usually have more interpersonal stimulation than engineers do. Lastly, let's talk about business. This is a difficult career to cover in sucha short video, as business is the most flexible and diverse of these three career paths. While the job security, clout, and averageearning potential is not as optimal compared .

To medicine, business has several distinctand significant advantages over the other two options. First, business provides tremendous flexibilityin every aspect of your career. You don’t have to go to graduate school,and you don’t have to work for someone else, you don’t have to follow the traditionalrules. Second, while the average earning potentialis lower, businessmen and women have the potential to make significantly more than doctors orengineers. Lastly, and most importantly, business providesthe most direct path to change the world. Allow me to explain. .

Since college, my interests have changed anddeveloped. I grew obsessed with biomedical innovation,or the invention of technologies to improve patient care. I found myself at the intersection of medicine,business, and engineering. I even founded a biomedical incubator at UCSan Diego called Blue LINC to pursue this interest. In the incubator, we combine teams of medicalstudents, engineering graduate students, and business MBA students and mentor them to createhealthcare startups. It’s tremendously exciting because there’sa potential to affect thousands or even millions .

Of patients by improving healthcare technologies. With my MD I have the clinical expertise. However, had I majored in engineering in college,I would have been better prepared to work on designing and developing these healthcaretechnologies. If I had business training, that would helpme take my ideas to market. Each discipline, medicine, business, and engineeringis necessary to create a lasting impact through biomedical innovation. And I love this idea of leaving a mark onthe world, having a significant impact, and it’s much easier to do through business. .

Don’t get me wrong, doctors and engineershave very important and significant roles in society. But doctors, they usually create deep connectionsand help one patient at a time. Engineers create the infrastructure from whichall of society operates. These are both extremely important professionsthat deserve respect. However, for a technology to impact and trulychange the world, it needs to be sustainable from a business perspective. You could create a new treatment for diabetesthat improves patient outcomes. However, if it’s cost-prohibitive, or ischallenging from a patient compliance perspective, .

Or is ultimately not sustainable as a business,it’s unlikely to make a significant impact. Elon Musk is revolutionizing space traveland challenging our dependence on fossil fuels for personal transport through business. Bill Gates and Steve Jobs revolutionized andcreated the possibility of personal computing through business. Sheryl Sandberg has used her influence atFacebook to push for women’s health and immigration reform. Each of their impacts has been facilitatedthrough business. Medicine, engineering, and business are eachfantastic careers to pursue. .

And remember, you don’t have to limit yourselfto just one or stick to a prescribed path. Don’t be afraid to break the mold and takethe path less traveled. Through Blue LINC and Med School Insiders,I’ve been combining my interest of medicine and business. What about you? Are you going all-in on medicine? Considering a career in business or engineering? I’d love to hear your future plans downin the comments below. Remember to check out the vlog channel andInstagram for more exclusive content that .

You won't see anywhere else. Thank you all so much for watching. If you like the video, make sure you pressthat like button, hit subscribe if you have not already and I will see you guys in thatnext one.

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