Are Doctors Rich? $$$ ENGINEER vs DOCTOR

If you like science, it’s not unreasonable
to be weighing your options in becoming an engineer versus a doctor. But which is better financially speaking? Stay tuned to find out. Dr. Jubbal, For those who are new here, my name is Dr.
Kevin Jubbal. If you want to know the down and dirty of
what it’s like to be a doctor, check out my second channel titled Kevin Jubbal, M.D.
Link in the description below. In certain cultures, becoming a doctor is
the highest achievement, followed by becoming an engineer or lawyer as number two. Why is becoming a doctor so highly valued
at number one? There are a few reasons: First, it’s an incredibly competitive and
difficult path to complete, and the type of work you do is often considered noble. For that reason, being a doctor is highly
prestigious. Second, the financial aspects. Job security is high, because people will
always have health issues and doctors are always in demand. Additionally, doctors are some of the highest
paid professionals, making low to mid six figures on average. In short, being a doctor is safe. It’s the only profession where if you work
hard, you are almost guaranteed to make low to mid-six figures. Can you make more in other professions? Sure, but going into business or engineering
doesn’t have that guaranteed level of salary. The range is much broader, meaning you can
make much less or much more than the average physician, but on average you’ll probably
be making less. Did your parents ever pressure you to become
a doctor? If so, mash that like button and drop a comment
below. So let’s say you want to get rich above
all else. You don’t care about job satisfaction, or
lifestyle, or your purpose in life. You’re just trying to make it rain. In that case, going into medicine must be
the best choice, right? After all, it’s the highest paid profession. This is the part where we crunch the numbers. With any analysis, a series of assumptions
must first be made. On the doctor side, we’ll have two comparisons:
primary care and specialist. To become an average primary care doctor,
you’ll finish college, then spend 4 years in medical school, graduating with an average
debt of $198,000, and then complete 3-4 years of residency prior to earning your attending
salary. Based on recent data, that starting salary
will be $223,000. To become the average specialist, you’ll
again have to complete 4 years of medical school, but since becoming a specialist like
a plastic surgeon or dermatologist is so insanely competitive, many students take an extra research
year to bolster their residency application. For that reason, we’ve simplified the analysis
with 5 years of medical school. You’ll still graduate with an average of
$198,000 in debt, but now residency is a bit longer. If you go into orthopedic surgery, it’ll
be 5 years, 7 for neurosurgery, 6 for plastics, and 6 for cardiology. For simplicity, we’ve rounded residency
and fellowship to 6 years in length. The starting salary for specialists is $329,000. On the engineer side, you’ll be starting
immediately after college and be pulling in a starting salary of $100,000, which is actually
on the lower end of the starting salaries for a computer programmer in San Francisco. However, given the wide range of starting
salaries for engineers, we’ve set $100,000 as the starting point. Additionally, student loans will accrue interest
at 6%, investments earn 7% per year, and wage growth increases at 3% annually. If you’re confused about the wage growth
rate, understand that inflation is on average 1-2% per year, and salaries usually steadily
increases over the course of one’s career due to promotions and other factors. In order to reduce extraneous variables, we
have eliminated living expenses and savings ratios, as it’s impossible to accurately
estimate the average engineer’s versus doctor’s living expenses — cue lifestyle inflation. Therefore, we are going to be looking at only
the lifetime earning potential. Do you have a problem with any of these assumptions? Fantastic. Feel free to download the excel spreadsheet
I created and plug in your own numbers using your own assumptions, and drop a comment to
let us know about your findings. You can find a link to the spreadsheet down in the description
below. First, between primary care doctor and specialist,
it’s clear that choosing a specialty that earns a high salary is far more advantageous
from a financial perspective. Despite spending 1 more year in medical school
and 2 more years in residency, specialists blast past primary care doctors just 8 years
after completing their training. Given the high salary, they must also blast
past engineers, right? Not so fast. Despite a starting salary of more than 3 times
that of an engineer, specialist doctors only surpass engineers in lifetime earnings at
the age of 45. That’s right, from the age of 22 to 44,
engineers are in a more favorable financial position than even specialist physicians. Primary care doctors don’t catch up to engineers
until the age of 49, just a little over a decade away from retirement. To most people, this is counterintuitive. It comes down to one often overlooked and
underestimated factor: opportunity cost. While future doctors are toiling away in medical
school and residency, engineers are already making six figures. And if you manage to save that money, the
powerful force of compounding comes into effect, accelerating your wealth accumulation. This analysis is far from perfect — and
that’s beside the point. If you want to adjust the assumptions, feel
free to download the spreadsheet and modify it yourself. No whining in the comments. That being said, you’ll likely find similar
results. The purpose of this analysis was to demonstrate
that becoming a physician is not as lucrative as you or your parents may initially think
from seeing those salaries. There is a massive opportunity cost due to
over 10 years of training and massive student debt. This is why you hear so many physicians warning
youngsters from going into medicine for the money. On one hand, the training to become a physician
is incredibly challenging, and the desire to get rich won’t help you push through
in the same way that more personal motives will. But equally important, it just doesn’t make
financial sense, unless your idea of financial success is being dirt poor during the best
years of your life, and being rich only when you’re too old to fully enjoy the wealth. If you are on the fence about going to medical
school, my advice is that you spend the extra time making sure it’s the right path for
you. Shadow doctors, gain more clinical experience,
and only pursue it if you are truly going into it for the right reasons. If you need help deciding, I recommend you
start with my video titled “Do Not Go to Medical School (If This is You).” If, on the other hand, you know that becoming
a doctor is in your future, you’ve come to the right place. Whether or not you plan on going into something
hypercompetitive like plastic surgery, it’s in your best interest to be the strongest
applicant that you can be. By crushing my MCAT, having a near perfect
college GPA, and a rock solid application, I had my pick of top medical schools, with
some even offering to pay my bill. That alone saved me over $200,000. My suggestion is to invest in yourself so
you too can be in the best possible position. Improvements in your grades, test taking skills,
and application will only have compounding effects, so you won’t be pigeon holed as
you move forward with your training. Rather, you’ll open additional doors, and
have your pick at the best opportunities. Trust me, it’s much harder to become an
orthopedic surgeon at a leading institution if you aren’t at the top of your game and
crushing it in school. Med School Insiders is innovating and turning
the tutoring and admissions consulting industry upside down. If you work with us, you’ll always get a
phenomenal experience. No hit or miss like you may experience elsewhere. Don’t believe me? Our results speak for themselves. We have industry leading satisfaction scores
and our students’ success is second to none. Visit to see for yourself. Thank you all so much for watching. I’m curious, did your parents pressure you
to go into medicine at all? Why or why not? Let us know down in the comments below. Much love to you all, and I will see you guys
in that next one.


  1. If your primary concern is making money, you're making a mistake that has the potential to hurt a lot of people by trying to go into medicine. So for the sake of everyone, please don't.

  2. If you want to live anywhere outside of Silicon valley you can forget about starting at six figures as an engineer. The only exception would be computer programmers in some other big cities. The problem with this analysis is that he's assuming ALL engineers have the potential to start at $100,000, but there are many different engineering disciplines. The reality is that most engineering starting salaries are closer to $60,000 when you adjust for COL. Of course you'll make more salary as an engineer in San Jose vs Kansas City. You'll be paying a hefty chunk of that extra salary on your cost of living expenses. Then you have the extra taxes that go with earning 50% more. It quickly evens out.

    Case in point: I worked in Los Angeles as a civil engineer and I made $105,000/yr. I recently moved to a very low COL state and I have much better quality of life and save more money for retirement even while making 30% less. I pay less taxes, drive fewer miles to work every day, and generally live with less stress than I did when I was in a big city. I also own a house for the first time in my life; something I couldn't do in Los Angeles where the housing is 3x more expensive and the median property tax is $4,000/yr.

    To summarize, this analysis is flawed because it assumes the average engineer will start out making what is essentially the median salary for all engineering disciplines after 10 years of experience. You need to consider where you want to live and what you want to do. Do not assume everyone is making Silicon Valley tech money just because a youtube video told you so.

  3. Your data is a bit skewed. Most engineers aren't computer scientist and starting salary is definitely not 100k unless you graduating from Harvard. Even in engineering if you're studying it just to get rich you'll be exposed very quickly. If you're goal is make bank I'd look into business and consider creating your own business.

  4. In Austria it’s a little bit different, since we have 6 years of medical school and then 3-4years of specialization and tuition is free as well

  5. Okay but the assumption that engineers start with 100k is high by any standard; try 70-80k and run the numbers on that

  6. Ah average engineer makes a lot less than 100k, sure software engineers CAN make 6 figures after years of experience
    So I don’t know how this is accurate
    After all, I believe whoever goes into medicine for the money, are shooting themselves in the foot
    You have to want medicine wholeheartedly otherwise, any logical person would simply quit
    Engineers ( the good ones) can be financially comfortable but personally the meaning that medicine provides is what should give purpose and fulfillment to our long training and life long learning

  7. Definitely was stamped doctor the moment I was born by my parents bc I was the first born with the highest expectations and I was fed this dream of becoming a doctor for the (respect, status, money, impact, and overall stability). Not only that but being told I won't become one due to my talent of being a rebel renegade really angered me. Found a talent as a combat medic and AEMT, I thought why not pursue it. But I have to make a strong decision on leaving the people I care for (a time) to pursue this extremely competitive path for the hope I will succeed just to become a physician. After all the mistakes made, doubts accumulated, growing fan-base of haters, I'm still trying to become one. Lol

  8. Both of my parents are engineers and they don’t want me to go into medicine. They’re worried because they know how brutal med school/residency is lol😂 they do the exact OPPOSITE of pushing me! But I want it, so I’m gonna do it 😁

  9. is the med school insider program useful for international students trying to get into a residency ( a very competitive one)?

  10. Me, a med school student: explaining to my bf that he’ll make more money than me until I’m 40.
    My boyfriend, an engineer: 🧐

  11. They pressured me first, now I have made it a matter of life or death for me. Godspeed to my medical fraternity, we go beyond economics.

  12. I want to work with kids and be a doctor 🙂 I’m not sure if I just want to be a paediatrician or a paediatric surgeon though

  13. I'm currently working on becoming a Paramedic for the experience with intent on going to Medical School down the line.

    I haven't decided what my specialty will be, but I have keen interest in either Emergency Medicine, Toxicology, or Diagnostician.

    To me it's not about the money btw. I just want to serve my community and do what I can to help others.

  14. Most medical students (including me) are in it because they don’t see themselves doing anything else. But from a financial standpoint there’s still some factors where doctors win like
    1. Job security
    2. Job satisfaction
    3, yeah that’s it lol

  15. I decided to go into medicine after reading "Gifted Hands". I just thought it was soooo amazing. Also, thank you for using different types of characters in your animations. Representation means so much no matter how big or small.

  16. I was an engineer for ten years and the majority of my job was just technical bureaucracy or admin….but paid SOOO WELL. Sadly it was completely devoid of purpose and meaning for me. Wish I had become a doctor.

  17. Hi! I just find your channel and you are amazing! Thanks for making such a good videos.
    Can you please tell us about bioengineering like a profession. Because I want to become bioengineer and I can’t find a lot of information about it in youtube and internet. It will be perfect, if you will do a video about it! Thank you.

  18. MOST COMMON COMPLAINT = Engineer starting salary. SEE BELOW


    Biggest point of contention are the starting salaries! Feel free to play around with the spreadsheet yourself. Here are the reasons for the starting salaries we used:

    There is limited data on STARTING salaries in these professions. For that reason, we have to use the data available, which includes AVERAGE salaries. For reference, MedScape salary data: This is the AVERAGE for primary care and specialist physicians, not necessarily STARTING salaries. I have not been able to find reliable public available information on starting salaries for doctors, so this was the best approximation. If you want to change the numbers, go at it. For this reason, we have also set Engineers at $100k.

    Don't like these assumptions? Fantastic. Play around with the numbers. You'll find something similar. Main point = going into medicine for the money is NOT a good idea. Thanks for watching =)

  19. I really really want to pursue something in paediatrics and honestly speaking I only found this out at 17, which feels like it's late for me. Dr Jubbal, I did get kind of pressured into medicine when I was a little younger but I knew it was hard to work in the medical industry, so I chose to stay away from any jobs that were medicine related. Also, even if you are younger or older than me, it is never too late to pursue what you truly want and are interested in. Just make sure, you are able to understand yourself before taking a step that can ultimately change your life.

  20. Can you do a financial comparison between Doctor vs PA? It's cool if you don't but it would be awesome if you did. (No reverse psychology intended).

  21. The sad part is, its actually even worse for doctors than your model suggests. This model assumes that 100% of all salary goes towards eliminating student loans (I highly doubt there is anyone who will be able to pay their $200,000 student loans off within a 5 years after medical school). Because of that there will be more interest accrued and even less lifetime earning potential. For people who attend costlier schools and go into primary care, they may never pass up as an average engineer. Its probably worth mentioning that.

  22. If you're in it for the money with my limited experience I would say don't go into either of these professions
    Business, IB, Law and Consulting is probably th way to go there

  23. I’m probably the only desi person on the planet whose parents actually DONT want me to become a doctor lmao but I still want to

  24. You forgot to mention medical school student loan, malpractice insurance, night calls etc. Doctors make some money, but if you really want to be rich, you need to go to Wall street.

  25. I have to make a point that in Australia, becoming a doctor is far more advantageous than engineers. Firstly, in Australia, all local students are given government subsidy to study medicine, which means that they pay only $60000 Australian dollars instead of $200000, even this amount of student's contribution is deferred to government loans, which means they pay nothing. For engineer student, not all students get subsidy's at graduate school, and full fee isn't cheap to make a loan.

    Secondly, Most engineers in Australia would need to go to graduate school in order to secure a job, and go through low-wage training before starting to earn a median salary of which is lower than a doctor in residency. Think this way, the engineer student would need to complete a 3 + 2 year degree, whilst a doctor do a 3+4 year degree. 5 vs 7 years not too much difference. When doctors begin residency, the engineers on the timeline would make a similar salary, only for 3-7 years the doctor triple the amount salary of engineer. Unless the engineer start his own business, he would be far behind.

    Also, last point is that doctors have a better chance of being engaged with another doctor. A research in medscape suggests that 25% of doctors in Australia engage with other doctors, and 50% of them are engaged with other health care workers. The opportunity for high combined income is not factored into consideration.

  26. Really well organised video. My parents didn't pressure me at all. I always liked to study. However, when time for my countries national exams came I did ask their advice and they did tell me that there are these 5-6 career options that are more likely to give you job security. Some options like joining some public services were too safe for me and salary wise decent. But I found them boring. So, I decided to get into medical school for two reasons. That it's safe. And also that I will get to learn a lot about the human body and through that discover who I am. I was really insecure and unsure of who I was 5 years ago so I though knowing all these things will help me find out who I am. Although I had these thoughts I was never certain I had made the right decision. I never really talked about my thoughts. Recently I spent some time with myself because of a family crisis and started talking more to family and close friends. I believe the time you spend with yourself and having the courage to honestly analyze your emotions and your thoughts and share them with people you trust will help you make the right decision. The hard part is to be strong and admit to yourself that if you shared something with the wrong people or at some point in life you made the wrong decision it's okay. You are not alone. Just give up for a little, retreat, revavulate and then go after your new or revised dreams.

  27. My mom never believed I could make it into medical school. Here I am, entering the fourth year and getting a scholarship for good grades. Take that, mom! sob

  28. Money and job security are actual reasons to consider medicine, but cannot be your sole reason for wanting to be a doctor. I couldn't imagine doing the amount of work I do in medical school with my sole source of motivation being "I want to be wealthy". No car or house is that nice. Medicine is an art and a privilege to be a part of. You learn about what is in my opinion one of the most elegant and beautiful things we can study: the human body and what makes us human. Over many years of hard work, you slowly but surely build your knowledge and skills that will not only give you a deeper and more gratifying understanding of what we are, but in the end will be used to alleviate real suffering.

  29. As an actual 4th year engineering student, base on most of my friends' job situations, the avg beginning salary is actually around 55k. For one of my chem e friend who got 80k is already considered to have high entry level engineer pay. It is usually the PhD having the starting salary to be at least 100k, which is considered to be the lower end.

  30. Can you do an overview of your extracurriculars or how different extracurriculars are weighted on importance when applying to med school?

  31. My family be forcing me to do medicine to the point where I even hate the word man 🤦🏾‍♀️🤦🏾‍♀️🤦🏾‍♀️

  32. What engineer gets paid $100,000 starting out? I think using San Francisco as a base isn't representative of the the rest of the nation since the cost of living is so high. Engineers in Texas start out making around $65,000 starting out

  33. This is true for American doctors.

    It doesn't apply as much to other countries because the study duration is shorter and the cost of tuition is much lower.

  34. in my case, i complete medicine in 6 years and my family got me covered for that, specialisation might take a year or two. so its easy to see that it can be better than engineering.

    correct me if im wrong
    P.S tuiton here is $7000 a year for medicine

  35. Bullshit, the average starting salary of an Engineering graduate with a bachelor's degree is between 60k-80k
    No one starts off with 100k as an Engineer. You have to work, get a masters, and move up the corporate ladder over the years to get to 100k.

  36. Can you make a video or give me a tip about pre-meds in high school/collage, who are already dedicated in medicine and learning very hard for the exams (chemistry and biology), but the teachers in other useless subjects distract them from their goals and dreams, so what can I do in that kind of situation

  37. I am doing residency in Neurosurgery. For juniors thinking about a career in medicine I have just one thing to say please never choose medicine as a profession just for money.

  38. My situation was kind of reverse, my parents wanted me to study engineering (me not knowing what I wanted to begin with) so I complied. After starting (civil engineering) I knew this was not for me, construction industry is vicious and business needs you to be cut-throat. After 5 years and a PE, I was able to work in a Hospital as Facilities Manager, it changed my whole pespective (I am a social person and I enjoy helping others) Now Im in the middle of applying to med school.
    Dont do anything for money is not worth it. Your life will be miserable and you will hate every part of it, believe me, I am there. I wont deny that there is good money to be made in engineering.

  39. I am currently a freshman in college and well I am sincerely lost, I want to help the world, and have a passion that helps me become something greater than I am currently. However, I struggle with not knowing how I want to help

  40. Hey Kevin, can you do a video about creating mnemonics or what have you used, maybe what books have u read to learn how to create mnemonics?

  41. Do you really want to say "crushing it" and Orthopedic surgeon in the same sentence??!?!?!? LoL
    Great video by the way, good analysis and honesty.

  42. ☼ 04:0 close. It is bc of death. & how whether youre noble or not, hard working or not, or the pt rich or not – DEATH.

  43. This system only works in Amerika. In my country, doctors' salary are sooo low that we actually running out of doctors becouse nobody wants to do that. So if you ever want to work in czech republic, definitelly study engineering. Your salary might be double or even triple than doctors have.

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