Hi guys, found & attached an awesome article about specialty choice and money. I was wrong- turns out money does seem to matter quite a bit!
"Our results, not surprisingly, found that money really does matter. Whether its impact is analyzed as that of anticipated debt, anticipated income, or the self-rated importance of income, in each instance, higher values on the outcome variables studied were associated with the choice of a higher paying career rather than one in the lower-paying PC fields."
Interesting points:
- First year students pursuing high paying non-primary care specialties anticipated 1) significantly greater debt than those pursuing primary care 2) higher income after graduation. They also placed more value on income.
- Fourth year students had this same profile.
Interest in PC over time: "Switchers vs Sustainers" (students interested in PC at year 1 either remained interested in PC at yr 4( sustainers) or changed to HPNPC specialty at yr 4(switchers).
- Switchers anticipated significantly more debt at yr 4 than did sustainers.
- Switchers were more likely to report than income was an important factor in their lives (though at year one, switchers and sustainers placed a similar value on income -- when they were all planning to go into PC).
- At year 4, sustainers actually placed a LOWER value on income than they did at year 1. **
**There's an interesting discussion of cognitive dissonance on pg 989 that attempts to explain this change in valuation of income among the 2 groups.
Hope you guys are having great nights!
Fiona
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Fiona Gispen
Johns Hopkins University School of Medicine
M.D. Candidate, MS I