Tag: finances

Financial Advice for Interns, Residents, and New Graduates

The other day a work friend of mine and I were chatting about student loans and the current forbearance for student loans.  They are working in academia partly to get Public Service Loan Forgiveness (PSLF), which pays off all loans after 10 years of working for a qualifying charity or government organization.  Unfortunately, they didn’t

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Significant Other’s Job During Academia

With only 38 accredited veterinary schools in the US and Canada- and many of those in small rural towns- starting vet school, internship, residency, or a faculty position can be a distinct strain on a romantic partner’s ability to get a job.  Within the US, I count about 10 veterinary schools in a decent-sized city

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Book Review: A Doctor’s Guide to Personal Finance

I have been religiously reading the White Coat Investor (WCI) blog for a few years now.  The information I have learned there has guided a huge number of my personal and professional decisions.  I now teach personal finance to the house officers and students who take an elective practice management rotation and have gotten positive

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Top 14 Reasons Academia is Awesome

I am obviously biased, but I think working in veterinary academia is the best thing since sliced bread.  I gather other areas of academia are a dumpster fire, so if you have a PhD in English or Philosophy, I am sorry.  But I feel clinical veterinary academia is a great place to be.  I’ve been

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M&M Rounds: Expensive School

During M&M rounds, we will examine some fictitious cases and evaluate the facts and consider some solutions to these problems. Jasper is a 26-year-old Caucasian female presenting for just getting accepted into an expensive veterinary school.  She has been struggling to get into vet school since she graduated from undergrad, and so finally decided to

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The Financial Implications of Private Practice vs. Academia

(This post was originally written as a guest post for Richer Life DVM. If you haven’t read her blog, you should. It’s a great resource about finances for veterinarians. And if you didn’t read it there first, it’s new to you!) In discussions among academic veterinarians attempting to recruit a new faculty member, salary is

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How to Manage Student Loans

Higher education has become incredibly expensive. There are many reasons for this, including expanding administrator numbers and salaries, declining state support, schools expanding offerings to compete for paying clients (students), and a bubble for student loans. Regardless, you want to go to vet school (or are in vet school) and need to figure out how

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You Can Live a Lavish Life on an Academic Salary

One of the most common complaints I hear about academia is that the salary is lower than private practice, sometimes substantially lower. While this is factually correct, I have never understood this argument. Most academic specialists make at least $100k a year, sometimes quite a bit more, which is way more than you need. Then

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