Quote:
Originally Posted by BrendaB_MD
Several people have been discussing the risk associated with a shortage of clinicals. How do you evaluate this?
To keep things simple lets assume: - chance of delay at SGU due to clinical shortage = 0
- chance of delay at AUC due to clinical shortage = x
- SGU costs 50k more than AUC
- physician salary = 150k (primary care)
- residency salary = 45k (3 yrs)
- tax rate 35%
- opportunity cost of capital = 6% (long run avg return of stock market)
- begin residency at age 27
- retire at age 65
Assume that everything else except the chance of delay, x, is equal. Obviously, if x=0, you would prefer AUC to SGU. The question is, at what value of x would you prefer SGU? In other words, what is the cost associated with an x% chance of a delay?
I will bestow the BrendaB Golden Calculator Award (a real resume booster!) to anyone who figures this out..... |
This is a really great post - and I totally agree with what you are implying.
I have yet to read a post that states "WARNING THE CLINICAL PROBLEMS AT MY SCHOOL HAVE SERIOUSLY RUINED MY LIFE" on the AUC board. In fact, I have yet to hear from a single student who has any bad experience with clinicals that wasn't their own fault (ie poor academics etc).
AUCMD2006 (who has regular contact with admins at AUC) has told us that the administration has a few cards up their sleeves that they will drop on the table, if needed. Apparently that time has yet to arrive...
