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Every year, Medscape publishes information on physician salaries. In contrast, most female doctors work between 2 to 10 hours fewer than this per week.” The professors concluded, “Even though both male and female doctors earn higher wages than their PA counterparts, most female doctors don’t work enough hours at those wages to financially justify the costs of becoming a doctor.” Might these conclusions be equally applicable to anesthesiologists in comparison to nurse anesthetists? Let’s look at some numbers. The vast majority of male doctors under the age of 55 work substantially more than the standard 40 hour work week. “However, a big part of the difference comes from an hours gap. A male physician “earns more per hour relative to the male PA than the female doctor earns relative to the female PA,” the authors noted. But women physicians tend to earn less than their male counterparts, and they also tend to work less. Most men are better off financially if they become physicians. Was this true for men as well? No, said the authors. Their conclusion? “We found that, for over half of women doctors in our data, the NPV of becoming a primary-care physician was less than the NPV of becoming a physician assistant,” the authors wrote. Higher NPV is desirable it means you are getting more value in terms of lifetime earnings for the time and money invested in your education. They then compared the NPV of training as a physician assistant (PA) to that of training as a primary care physician, and also looked at gender differences in anticipated earnings. Using a tool called net present value (NPV) calculation, professors Keith Chen and Judith Chevalier compared the costs of earning a degree against the income earned over the likely course of a career. The article specifically points to the example of American primary care physicians. Now, in a recent article in The Atlantic magazine - “Is Medical School a Worthwhile Investment for Women?” - two Yale economists conclude that physicians might as well work full-time or more because, if we don’t, medical school is an investment of time and money that doesn’t make financial sense. There is a shortage of doctors, and a limited number of medical schools and residency programs to train new ones. Money Well Spent for Your MD Degree? Maybe!Īst summer, I suggested in a New York Times op-ed piece that it doesn’t benefit American society for growing numbers of physicians to work parttime.
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Rozanna Velen was selected as a “Super Lawyer” first in 2007Īnd has been selected every year since (most recently in 2018). She serves as a Mediator in the Los Angeles Superior Court, Central District. Velen is a member of the California State Bar Association, Los AngelesĬounty Bar Association, and Beverly Hills Bar Association Lawyer Referral She received her Bachelor of Arts degree in Psychologyįrom University of California at Los Angeles in 1988 and her Juris Doctor
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State of California, the United States Court of Appeals for the NinthĬircuit, and the United States District Court for the Central District She is an attorney licensed to practice before all of the Courts of the Velen is a co-founder of The Law Offices of Korol and Velen.