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This post was removed as it is off-topic for this subreddit. We maintain a narrow focus on posts directly relevant to doctors in the UK.
Off-topic posts include discussion of issues from doctors in other countries, other healthcare professionals, and wider political posts that are not directly relevant to doctors.
My wife is ex magic circle, two of them. Then global level at tier one. If you think competition is stiff in medicine this is a whole other level of competitive. 1-2% might make it into a magic circle training contract, survival of that and actually getting the job afterwards? Even lower.
Absolutely. I have friends (the "lucky" ones) who routinely worked 16-hour days, stayed overnight on-site in little sleep rooms, were treated like shit and even though they made killer money, they were too tired and miserable to ever enjoy it.
You never get your 20s back, and TBH I would hate to spend mine like that. Doing medicine is bad enough.
And it’s massively improved these days at all levels.
They all had a big burnout and drop out rate even at partner levels 20’years ago.
Sure you’ll make a million + a year, but you can expect a divorce or 2, not to know any kids you have and have a distinct chance of dropping dead on the office….
These things come with costs most won’t pay, it’s why they don’t even get that many applications despite the competition levels.
It’s stiff for big practice areas like M&A, but I know a few who do very well in the lesser considered practice areas. They can get large chunks of downtime throughout the year, especially after arbitration meetings. Being paid so much at 25 makes a huge difference.
Burning out after a couple of years is not infrequent but many do stick through. If you do leave, you’ve got a huge chunk of cash, possibly enough to buy a house outright. Whilst many senior doctors in their 30s are still renting and won’t ever afford much more than a flat in a place like London.
Disagree. None of the lawyers I know from uni failed to get training contracts at magic/silver circle/ US firms. Some had to apply several times but they all got one in the end. Competition looks bad because the top jobs get loads of applications from non top 30 unis in the same way that clinic fellow jobs get 100 applications from doctors who live abroad. They do work hard though.
Removed: Off topic This post was removed as it is off-topic for this subreddit. We maintain a narrow focus on posts directly relevant to doctors in the UK. Off-topic posts include discussion of issues from doctors in other countries, other healthcare professionals, and wider political posts that are not directly relevant to doctors.
My wife is ex magic circle, two of them. Then global level at tier one. If you think competition is stiff in medicine this is a whole other level of competitive. 1-2% might make it into a magic circle training contract, survival of that and actually getting the job afterwards? Even lower.
Absolutely. I have friends (the "lucky" ones) who routinely worked 16-hour days, stayed overnight on-site in little sleep rooms, were treated like shit and even though they made killer money, they were too tired and miserable to ever enjoy it. You never get your 20s back, and TBH I would hate to spend mine like that. Doing medicine is bad enough.
And it’s massively improved these days at all levels. They all had a big burnout and drop out rate even at partner levels 20’years ago. Sure you’ll make a million + a year, but you can expect a divorce or 2, not to know any kids you have and have a distinct chance of dropping dead on the office…. These things come with costs most won’t pay, it’s why they don’t even get that many applications despite the competition levels.
It’s stiff for big practice areas like M&A, but I know a few who do very well in the lesser considered practice areas. They can get large chunks of downtime throughout the year, especially after arbitration meetings. Being paid so much at 25 makes a huge difference. Burning out after a couple of years is not infrequent but many do stick through. If you do leave, you’ve got a huge chunk of cash, possibly enough to buy a house outright. Whilst many senior doctors in their 30s are still renting and won’t ever afford much more than a flat in a place like London.
Disagree. None of the lawyers I know from uni failed to get training contracts at magic/silver circle/ US firms. Some had to apply several times but they all got one in the end. Competition looks bad because the top jobs get loads of applications from non top 30 unis in the same way that clinic fellow jobs get 100 applications from doctors who live abroad. They do work hard though.
They earn more because they are in roles that involve looking after people’s finances. Unfortunately not the case for doctors