For recent graduates, most will have a large amount of personal debt, either in the form of mortgages or personal lines of credit. Very few will have business debts. This means that many will have a large amount of non-tax-deductible debt. Completion of training and the ability to start a business provide an opportunity to convert this debt into tax-deductible debt, thus reducing interest payments to about half.
While 96% of plastic surgeons say they would choose their specialty again, COVID-19 had a significant impact on their happiness, according to Medscape's most recent report on lifestyle, happiness and burnout among plastic surgeons.
In addition, the ASPS requires that at least three of these years of surgical training consist of a residency in plastic surgery.
Starting a plastic surgery practice right after your residency training could also result in you losing hundreds of thousands of dollars in PSLF forgiveness. Although they are often considered “cosmetic surgeons”, there is actually a lot of variety in the field of plastic surgery. In addition, a review of the literature on the specialty of plastic surgery and work burnout found that there is a large overlap between exhaustion, depression, and substance abuse.Before it was accepted that plastic surgeons worked 100 hours a week, had an unsatisfactory marriage and missed all their children's sports games, now surgeons are rejecting that idea of the plastic surgery lifestyle. In addition to playing an important role in the performance of their work, doctors who choose a plastic surgery specialty earn an average annual compensation that is close to the best in their field. Aspiring plastic surgeons will be pleased to know that, of the 21 specialties evaluated in the study, plastic surgery ranked fourth among the lowest average debts. Plastic surgeons work to repair congenital or traumatic problems, and subspecialty options include microvascular surgery, craniomaxillofacial surgery, and hand surgery.
But is a plastic surgeon's salary worth the large medical student loans that many plastic surgeons end up with? Nearly half of plastic surgeons report feeling exhausted, disproportionately affecting women surgeons. Having your own plastic surgery office also means that you have more autonomy when it comes to caring for your patients.
