Doctor vs Engineer vs Business | Deciding on a Career
29
December

By Paul Henry / in , , , , , , , , , , , , , , , , , , , , , , , , , , /


Did you always know that you wanted to be
a doctor? I didn’t either. In fact, even in college, I was weighing my
options between going into engineering, business, and medicine. In this video, we’ll go over each and how
you can best decide which career path is right for you. What’s going on guys, Dr. Jubbal, MedSchoolInsiders.com Before we dive in, there are two caveats we must go over, first, my personal story as
to how I decided to become a doctor is much more personal than what I am explaining in
this video. Personal factors, such as being diagnosed
with a chronic illness at the beginning of college, influenced my decision. I go over the full story on my vlog channel,
link in the description below. There are several videos on the vlog channel
that go more into my personal experiences with career options, health issues, and my
philosophy on optimizing one’s life. For an even deeper and more intimate view
of what this looks like, visit me on Instagram. At number two, I am inherently biased as I
went to medical school and earned my MD. That being said, I do love engineering and
business as well and have dabbled with both, as you’ll see. I will also do my best to be as objective
as possible and portray the pros and cons of each, and help guide you in making your
decision. For those of you with a engineering or business
backgrounds, I tremendously value your input as you have a different perspective than me. Let me know what you agree or disagree with
down in the comments. Without further ado, let’s get to it. First, let’s talk about becoming a doctor. I like many others consider medicine to be
a highly noble profession. You deeply connect with patients, they trust
you in their most vulnerable states, and you can leave a deeper personal impact and change
their lives in a way that is difficult to match in any other profession. One of the most common reasons people want
to go into medicine and become a doctor is the fulfillment from helping others. That sounds great, but remember that you can
help others in a multitude of professions. In many healthcare settings, nurses actually
have more frequent and extended patient contact than doctors. Policemen help enforce the law and protect
those in need. Firefighters and EMTs help people in the most
dire of emergencies. Engineers and businessmen and women help people
as well through their work. Helping others is not unique to being a doctor. That being said, the desire to help others
is not a bad reason to pursue medicine. Helping others is fundamental in finding one’s
life purpose and fulfillment. However, it isn’t unique to being a doctor. What is unique is the intellectual challenge
and interpersonal connection that comes with being a doctor. I like to joke that all doctors are nerds
because it is tremendously difficult to be successful in medical school and beyond without
having an innate desire to learn, grow, and challenge yourself. Medicine is a profession where being a lifelong
learner is essential. You are going to be required to take boards
every 10 years, and to provide the best care to your patients, you need to keep up to date
with research. At Med School Insiders, we go over a wide
array of study strategies to make you a more effective lifelong learner, and that includes
learning to enjoy the process of learning. There are several other reasons individuals
pursue medicine, but these are less frequently spoken about, but at Med School Insiders,
we keep it real. First the salary. You should never go into medicine because
of the money, but to deny the job security and high earning potential as a factor would
be dishonest. Compared to engineers or businessmen and women,
doctors on average earn more, emphasis placed, on average. Based on the specialty, doctors can expect
to earn between $200,000 to $600,000 per year. There are, of course, outliers to this range
on both ends of the spectrum. The reason you shouldn’t pursue medicine
for the money is because of opportunity cost and the rigorous work that is required by
the profession. By the time you’re actually making the big
bucks in your 30s, you’ve sunk hundreds of thousands of dollars into your medical
education, and while others have been making a salary and saving for the past 7 to 12 years,
you’re been in training and are now you’re finally starting but from a negative net worth. You’ll be working longer hours too, as the
average attending physician works 60 hours per week in the US. In residency, expect that to be closer to
70 or 80 hours per week, plus studying at home. And remember the average medical student graduates
with close to $200,000 in debt. The image of becoming a doctor and being rich
is mostly antiquated. With decreasing compensation and increasing
student loans, don’t expect a lavish lifestyle. Most doctors are very risk-averse. The profession of medicine, after all, is
extremely secure. AI is coming, but it’s going to be replacing
several other careers before surgeons get replaced, and people will always need healthcare. There’s always a demand. Assess your own risk tolerance and determine
what you’re comfortable with. But at the same time, don’t let fear of
risk pigeon hole your potential future. Usually, when there is more risk, there is
the potential for more reward. Take business for example, businessmen and
women have a much higher earning potential than physicians and much more potential to
change the world, but it’s not guaranteed. In fact, most businessmen and women, on average,
make less than doctors. Stated another way, if you become a doctor,
you’ll probably make more money however, you could potentially make more money in business. Now, certain cultures place heavy emphasis
on the status and desirability of being a doctor. While this is a nice perk of being a physician,
I am doubtful that it contributes to long term satisfaction. Sure, it’s nice to be respected for the
hard work, dedication, and long hours, but if this is your reason for going into medicine,
it’s not gonna sustain you. Intrinsic satisfaction and fulfillment from
the work is much more important. Next, let’s talk about engineering as a
profession. Similar to medicine, engineering allows you
to specialize based on your area of interest. In medicine, you can go with plastic surgery,
pathology, radiology, internal medicine, psych, et cetera and find the best specialty for
your personality and preferred lifestyle. In engineering, you can also choose from a
variety of specializations, such as civil engineering, electrical engineering, mechanical,
and much more. Similar to medicine, engineering also provides
a high level of job security and a relatively high salary. While many physicians earn in the low to mid
six-figure range, many engineers are in the high five to low six-figure range. Engineers, on average, make less than doctors,
but they also aren’t required to go through four years of medical school and three to
eight years of residency and they graduate with significantly less debt. I was personally very interested in computer
science because the way of thinking is so unique and logical. I loved programming in high school and it
came easily to me. The problem solving of computer science and
programming is very stimulating and fun in my opinion. I was also a huge fan of math in high school
and in college and I thoroughly enjoyed physics, calculus, and mechanical engineering electives. But one thing that pushed me away from engineering
was imagining what I would be doing day in and day out. I like interacting with people, and I felt
that the interpersonal stimulation of being a doctor and meeting patients every day would
be more in line with my ideal future than what the job of an engineer would traditionally
entail. It was difficult to see myself working at
a desk nine to five. And not all engineers necessarily do, but
doctors usually have more interpersonal stimulation than engineers do. Lastly, let’s talk about business. This is a difficult career to cover in such
a short video, as business is the most flexible and diverse of these three career paths. While the job security, clout, and average
earning potential is not as optimal compared to medicine, business has several distinct
and significant advantages over the other two options. First, business provides tremendous flexibility
in every aspect of your career. You don’t have to go to graduate school,
and you don’t have to work for someone else, you don’t have to follow the traditional
rules. Second, while the average earning potential
is lower, businessmen and women have the potential to make significantly more than doctors or
engineers. Lastly, and most importantly, business provides
the most direct path to change the world. Allow me to explain. Since college, my interests have changed and
developed. I grew obsessed with biomedical innovation,
or the invention of technologies to improve patient care. I found myself at the intersection of medicine,
business, and engineering. I even founded a biomedical incubator at UC
San Diego called Blue LINC to pursue this interest. In the incubator, we combine teams of medical
students, engineering graduate students, and business MBA students and mentor them to create
healthcare startups. It’s tremendously exciting because there’s
a potential to affect thousands or even millions of patients by improving healthcare technologies. With my MD I have the clinical expertise. However, had I majored in engineering in college,
I would have been better prepared to work on designing and developing these healthcare
technologies. If I had business training, that would help
me take my ideas to market. Each discipline, medicine, business, and engineering
is necessary to create a lasting impact through biomedical innovation. And I love this idea of leaving a mark on
the world, having a significant impact, and it’s much easier to do through business. Don’t get me wrong, doctors and engineers
have very important and significant roles in society. But doctors, they usually create deep connections
and help one patient at a time. Engineers create the infrastructure from which
all of society operates. These are both extremely important professions
that deserve respect. However, for a technology to impact and truly
change the world, it needs to be sustainable from a business perspective. You could create a new treatment for diabetes
that improves patient outcomes. However, if it’s cost-prohibitive, or is
challenging from a patient compliance perspective, or is ultimately not sustainable as a business,
it’s unlikely to make a significant impact. Elon Musk is revolutionizing space travel
and challenging our dependence on fossil fuels for personal transport through business. Bill Gates and Steve Jobs revolutionized and
created the possibility of personal computing through business. Sheryl Sandberg has used her influence at
Facebook to push for women’s health and immigration reform. Each of their impacts has been facilitated
through business. Medicine, engineering, and business are each
fantastic careers to pursue. And remember, you don’t have to limit yourself
to just one or stick to a prescribed path. Don’t be afraid to break the mold and take
the path less traveled. Through Blue LINC and Med School Insiders,
I’ve been combining my interest of medicine and business. What about you? Are you going all-in on medicine? Considering a career in business or engineering? I’d love to hear your future plans down
in the comments below. Remember to check out the vlog channel and
Instagram for more exclusive content that you won’t see anywhere else. Thank you all so much for watching. If you like the video, make sure you press
that like button, hit subscribe if you have not already and I will see you guys in that
next one.


100 thoughts on “Doctor vs Engineer vs Business | Deciding on a Career

  1. Hello, im in my senior year of high school..
    Im really confused and lost about what to do as a job or what studies i should follow in the future. Well, at first i wanted to study something that has something to do with biology such as medical lab or being a doctor , but then i realized that for both of em you have to study 6-7 years of general medecine then specialize into medical lab (known as biologist doctor) or any other doctor speciality which is a lotta work , effort and years for me
    Since, I’d wanted something that is connected to the medical field i searched for biomedical engineering. Although, I have no idea if i like technology, instruments and computer science because i have no experience with those stuff. Also, Im a little bit okay with math and physics (let’s say i accept these subjects to study and get an average score on em but doesnt mean i love em or like em ) but i like chemistry and biology as well.
    The thing here is im afraid of what has to do with technology or electricity and all the things that has smth to do with hardware…

    Anyways, what i wanted to say in total, that im completely lost and i totally need someone’s opinion about my situation. In addition , I’d like to get some information about these fields or if anyone experienced or at least know any information about biomedical engineering or medecine… let me know it please, it would really really help.
    Idk if there’s anyone that lived or is living the same situation as mine …but i believe that lotta people fear failure as well…and that everyone searches for success and a bright future as me🙏🏻

    Lemme know in the comments if yall have any info that can help me..

    Thanks in advance🙏🏻

  2. Automotive mechanical engineer here with several doctors in the family. Liked the video. Current goal is to combine business with engineering. Regardless, I appreciate the respect doctors (often) give engineers. We certainly concede societal prowess to the MD tho. That being said, some doctors could benefit from our often very critical line of thinking!!

  3. Im a junior in hs and straight up with yall , really dont know what to decide . I want to be a aerospace engineer or petroleum engineer. Either ways ima persuade a career .

  4. The real money long term is "Materials Sciences". Forget medicine too many Democrat Socialists will sooner or later screw you out of your long term(even short term)dreams. Things like "Graphene" will eventually rule everything. The biggest factor is you and a belief that your own "think-outside-the-box" philosophy will enable you to form your own unique business.

  5. You are so smart, hardworking and lucky. You deserve it. Hopefully there will be more doctors who can become so at a cheaper rate.

  6. There's something wrong in this video…you have told that medicine and engineering both have specializations like no….engineering is field based major not by specialization….and you didn't tell about business specializations there's so so many HR, Marketing, Finance, Operation, Healthcare, Environment etc. This is such a big misconception that business degree is only for start business lol seriously?? And you are saying that there's no need of business degree wow! You can't be a manager without business management degree! And also if you talk about salary managers make more than engineers. Even in Asia there's lack of jobs for engineers, unemployment rate is high, on the other hand Managers are in high demand! Because none of the company, firm or even a hospital can't run without Healthcare and Hospital Managers. And what about Accountants huh? no one can beat accountants because they are in very high demand plus they earn so much salary and also get so many perks. Engineering is nothing in front of Business Management and Accountancy.

  7. I'm studying commerce currently and will study business HR Management and Environment & Energy Management (yes double major).

  8. Currently going through my second year of high school, going for mechanics engenieering, have a huge passion for cars, it is hard guys.

  9. so, i’m 13. yes its young so i “have time to decide”. i just got the option to apply for a scholarship in university that’s 6 years away and begin studying medicine as soon as i get to 9th grade, and all of my classes are honors, etc. i’m having an extremely hard time on whether i want to pursue medicine as a surgeon or get a general contracting license and a real estate license. i just dont what to do cause my mom wants me to go into medicine. for the pride. my dad just wants me to be happy and my brother wants me to make money so i dont have to suffer. we all know medicine costs more money than you make when you first start working, and general contracting starts making money fast but surgery is what i like. im very biased and id love advice

  10. I’m a premed student and I’m satisfied of what I’m doing /business is good but any company can face bankruptcy and close .

  11. I quit computer science because i wanna be a leader in business, which grants me unprecedented support to become impactful leader and no need to work for some loosers….life is too short fellow humans, leave a mark before ure gone or too late.

  12. Interesting. I too have been interested in these 3 fields for similar reasons. Biomedical: research on therapies that would allow us to live longer helthier lives
    Engineering: research on ai to use it for the same biomedical purposes
    Business: make a lot of money xd.
    Im now into engineering, but yeah i think md would suit me better. Its just that their work feels more serious. I mean as an engineer you build robotic arms and all, it feels like you are playing video games and i dont fucking like playing video games. But as a neurosurgeon you are into something that is a lot more serious. These people deal with serious issues all the time. I like that.
    Too bad i cant switch fields now. Im 24 and its too late for me. It seems that my only option now is ai research, at least that feels serious too.
    P.d. what im I doing here? I should be studying c++

  13. Why do doctors work long hours? Is it because there isn't enough doctors? Do doctors get over time? Is that why doctor’s salary high?

  14. 2 months into electrical engineering and somewhat disappointed. I enjoy programming and maths, but can't stand signals and circuits. Also, I feel like my peers lack ambition and drink way too much alcohol (and aren't very passionate about the subject). Thinking about applying to med school.

    I know it's a bat shit insane idea, to do both, study to the entrance exam to med school, and complete all the EE courses. But I believe I can pull it off if I can spend my time with great consistency and productivity.

  15. I’m 19, second year of civil engineering. This summer o started a mobile detailing business. For winter I am level 3 hockey official. Summer I Am intermediate bicycle technician. Own v7 wrx sti. I can’t wait to become an engineer and spend all my money on building a racecar😂

  16. My parents said i should list my top 5 courses i want to take in college so here's what i wrote:
    1. Civil Engineer (probably structural)
    2. Mechanical Engineer
    3. Chemical Engineer
    4. Marine Engineer
    5. Aeronautical Engineer
    Lmao i may be obsessed with this profession

  17. I've heard that kids with adhd make the best entrepreneurs so I've been thinking of doing pursuing the path of business.

  18. I'm taking multiple engineering classes in school. My dream is to create the first A.I Android to be used in homes across the world as housekeepers, police officers and social workers.

  19. I will graduate from school this year and i don’t know what major to go for in college.
    I personally prefer medicine, and i want to travel to a different country to learn, but i am searching for the perfect country to learn in this major.
    Any suggestions?

  20. I am senior electric engineer and I seriously happy that I chose this profession my advice to you is that "go what you love not what most poeple like"

  21. Personal Qualities:
    Doctor = persistence + passion + singular focus.
    Engineer = persistence + quirky curiosity
    Entrepreneur = execution and persistence. Most played competitive sports. Sounds stereotypical but it's backed by empirical experience! Maybe you're all 3!

    ~ Passion and Prestige were the deciding factors for my pre-med friends' career choices; Curiosity and Intellectual Freedom for my PhD/eng friends; Practicality and Lifestyle (and sometimes "paper prestige") for finance/biz friends.

    Earning potential:
    Doctor = stable, guaranteed, skewed toward mid-30's for break even ROI.
    Engineer = stable, guaranteed, skewed towards early 20s for break even ROI. Better IRR (internal rate of return, a fancy accounting term for using time in ROI calc's)
    Entrepreneur = wildly variable, dependent on individual execution rather than pedigree or education.

    People Skills vs. Technical Skills:
    Doctor = both!
    Engineer = technical
    Entrepreneur = both! Many millennial entrepreneurs come from engineering, PhD, and/or MD backgrounds. Ie: Co-founders of a startup I met at a venture capital event are radiation-oncologists.

    Fun twist: In the last 10 years, I notice PhD/engineers discovering private equity as alternative career paths, while MD's are going into entrepreneurship (especially ones that are 100% founder-owned) frequently. Wonder if there's a survivorship bias to that 😉 I think it's because ROI for MD and Engineering careers are decreasing relative to inflation and living costs, while finance has held stable and costs of starting a business plummeted. Increasing access to seed funding from tech incubators, Angels, and non-dilutive sources (Kickstarters and Tech Crunch Disrupt competitions) lower the barrier to entry for starting a business.

    Lastly, tax structures favor entrepreneurship, as it 1) creates jobs (or entire markets – See AirBnB) and 2) ownership of assets. Physicians and engineers (unless they become entrepreneurs) don't technically create jobs – they deliver skilled services. It's not to demean their role, just taking a step back to look at how the economy rewards different careers.

  22. I still don't know if I want to be a NP or just go for MD. I have the GI bill ( about 30 months left) and 90 community college credits

  23. Everyone is saying is should study nursing because its high in demand and you can make 80k+ after only 4 years in college.I am interested in the medical field. But I feel that business is where my heart is at and what I will truly enjoy but they all tell me they dont make as much money and there are less job opportunities . Someone help!

  24. Advice me pls. start 3weeks ago in economics and am not happy am feeling pressure I love to become doctor 👩‍⚕️ i need to change second year but am worrying like wasting time and mke my family un happy if I change second year in my majors advice me please😭😭😭🙏

  25. I want to pursue an electrical engineering is it a correct choice for me, I struggle a little bit in math but I know i can do it what do you all advice me.

  26. A fixed mindset is probably the worst
    disability you can have , because you are not open to new
    ideas and don't understand the TRUE POTENTIAL you really
    are capable of doing . 🧗

  27. I got Diagnosed with Crohn's Disease at the age of 15. I am now 19 about to be 20 on November 16 and its been a heck of a roller coaster with this illness… I am currently confused as of in what career path I want to choose All in one year i considered more than 4 Majors and I took Doctor (not my preference) in consideration due to Crohn's I wanted to be a G.I then a Pilot then study for Computer Science ( Which I hate science only considered it for the money) and now Im certain of Business that I want to major in but we will see what the future stores in for me

  28. I don't think it really matters between engineer or Dr. Business alone and you can either do really well or fail. You'll have a good baseline pay with whichever choice (Engineer or Dr). Mix either one with a bit of entrepreneurship and/or business and you will do really well or fail at that – but failure still means you have that really solid baseline. I went engineering and then combined with business. Nowadays some years are great and close to 7 figures, some years are terrible but I can still pull in lowish 6 figures – there is a safety net there as people always need technical skill even if you suck at business.

  29. I'm an Accounting major which is under the business umbrella, If I obtain my CPA and land a managerial role then I should be looking at 90,000 – 100,000 by the age of 27-29

  30. For degrees that require post-graduate education (ie. a doctor but also most graduate degrees tbh), I heavily recommend considering getting your Bachelor's in an Engineering discipline. Having that background is great and shows discipline, and if you change your mind about going to more school, you can still get a good job.

    Basically, the reason why I chose engineering when I was undecided about being doctor was that it gave me the flexibility to add in pre-med classes and still go to med school if I wanted, or be able to stop after 4 years of college and find a good job and work in almost any industry I wanted. Plus, you can still work in areas of medicine. I ended up becoming the engineer but I may go back to grad school for something else in the future.

  31. I’m thinking of Nursing because being a Doctor doesn’t seem feasible for me I am also heavily interested in going into business.

  32. Being an engineer gives you opportunity at creative thinking, and as you have to justify your existence you are always busy or you are gone! At least that is how consulting is. You have to be your own manager, marketing person, draftsman, accountant, and at some point are expected to train others to do your designs since you become overutilized.

    I didn't research at all when I chose to go to college for engineering, and being myself I just assumed everything would work out. I've been fortunate and it has, but not without being underpaid and living like a college student for half of it and having to work late as well as weekends to keep up. The money that the professors mention, the meaningful projects, are surely not to be as described and reality will be less money and less meaningful projects than you had dreamed. The key things I hate about this profession, and reasons why I would not choose it again if given the chance:

    -Exempt employee, meaning you will work more than 40 hours a week for no extra pay
    -Exempt employee rules not followed, meaning that you will be expected to work 40 hours even if on salary
    -Low starting pay, you pretty much have to change companies to make more as you learn more
    -Project based work with unreasonable deadlines, meaning you work nights and weekends for no pay
    -Did I mention project based, you work each minute all day while at work. breakroom banter is for the shows
    -Small project fees, meaning you will be nagged for each hour you work on a project
    -No growth opportunity (pretty much you and then someone like you with more experience is it)
    -More experience comes more responsibility, not necessarily more pay
    -Who says 9-5, its 8-5 that you are in the office. If you have experience, you are likely working for the lunch hour
    -Get that PE license its still 5 figures, and you have the added benefit of legal responsibility
    -0% raise for small companies, 3% raise for large companies. You almost have to leave to get a real raise
    -15-20 years experience required before you make the advertised median engineers salary, get used to peanuts
    -Zero schedule flexibility

    Don't do it! Even an xray tech with a certificate only probably makes more than half the engineers out there and that is low on the medical totem pole. Get the money and flexibility that you deserve by doing something else!

  33. Neither. Do Cyber Security. I just finished college and with only an internship am making almost 90k. That’s for an entry level IT Security Analyst position and you will NEVER!!!… be bored unless you’re just not into it plus I love the idea of good guy vs bad guy. It’s a great career.

  34. I am in the same boat. I can't decide between medical or engineering. Currently taking math classes, which is great because it applies to both majors, but eventually I must decide.

  35. love the way you put males as the police PERSON, the firefighter and the doctor yet you put a female for the nurse. Very stereotypical

  36. in the US it's insane how much money you have to spend to attend college. a proper education should be affordable for everyone

  37. Funny how students in America have 6 figure debts. University (college) is largely subsidized here in Australia down to around 10K per year

  38. Choose it wisely.Just follow what desire in your heart and what makes you happy.Your personality was base on you. And that will be your Purpose 😉
    Future MD here hehe

  39. Probably going into biomedical engineering… I've always been drawn to medicine, but I've been doing an internship where I can directly work with the patients. The one-on-one is nice, but I couldn't see myself doing that every day as a career (lol SUPER introverted). And then I started looking into health administration, but I also couldn't see myself sitting at a desk all day, I still want to work with my hands. Engineering has the possibility of reaching a larger scale than a doctor and I can still work with my hands, I have limited experience with actual engineering. Let's just hope I'll be okay…

    Anyway, ignore this rant, the point is, this video was really helpful!

  40. I realize this video came out a while ago but I still would like to put my input in. I am a student studying to become a Mechanical Engineer. I am currently in my junior year of college and have had internships for some job experience. I find that engineers have this stigma that they are these people that just sit at desks all day and type away. Now there definitely are those engineers that do that, those are not the successful ones. Today's problems are not simple problems that can be solved by one people, it takes multiple people all working together with their different specialties in order to fix and correct these complex problems. This is where Engineering is changing. No one person can be great at everything, but if there is a room full of different engineers that have different specialties then the sky is the limit. It comes down to communication skills and getting your ideas across. No longer can you hide behind a screen and be a lone sheep but working together and understanding different solutions is how I have found engineering to evolve over the past few years.

  41. Why do you describe engineering as a mathematician, engineers don't spend their hole lifes stuck inside doing maths, they go outside, discuss with people on solutions, idealize an ideia with people, do brainstorming of ideias, talk with other people on how to do it, just lastly they do math to get an acurate result of shit, so before doing design or math lots of talk with people take place!!

  42. Yeah I think being a dr is somewhat noble. But honestly the US healthcare industry is little more than a criminal enterprise that preys on the most vulnerable. I just got billed almost $5000 from the ER DO for 30 minutes work to set a radius fracture that would need surgery anyway. Thank god balance billing is illegal in Oregon if you got to a network ER.. I did..

  43. Wish there were people in other professions making such videos too. I often question whether I chose the right career path. I’m currently an IMG keen on doing a psychiatry residency. Motivation to help with mental health & interest in neuro were the reasons behind choosing to go to med school. Had I known more I would likely have pursued a psychology {academia)/neuroscience path. Career counselling is not where it should be even in 2020, in terms of practical info provided. [I have sat in with my 16y/o younger sibling's career counselling appointments.
    ]

  44. I change my decision each semester
    1st sem: Bio
    2nd sem: cs
    3rd sem: psy
    4th sem: thinking of business
    my parents are sick of me and I'm too dumb to become what they want me to become
    what has my life come to 😓

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