If You Think Your Medical School Application is Expensive…

According to an article in this month’s Annals of Emergency Medicine, the median educational debt for surveyed emergency medicine residents was $212,000, a substantial amount that altered life and career priorities and caused significant stress.

Medical school is not only tough mentally and emotionally, but also it’s a huge financial burden. And the low salary that residents take home only compounds the issue because of the opportunity costs of not having invested starting at a young age.

Although sobering, it’s worth looking at the study and the conclusions drawn.

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About Dr. Michelle Finkel

Dr. Michelle Finkel

Dr. Finkel is a graduate of Stanford University and Harvard Medical School. On completing her residency at Harvard, she was asked to
stay on as faculty at Harvard Medical School and spent five years teaching at the world-renowned Massachusetts General Hospital.
She was appointed to the Assistant Residency Director position for the Harvard Affiliated
Emergency Medicine Residency where she reviewed countless applications, personal statements and resumes. Read more

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Listen to Dr. Finkel’s interview on the White Coat Investor podcast:

Listen to Dr. Finkel’s interview on the FeminEm podcast: