I'm afraid for one Jack Ma in China, there are tens of millions of Chinese gets into financial distress in business,
out of which, another tens of thousands declared bankrupts...

Medicine, and by extension dental , in most countries gets you a steady job with a steady 'above average' income.

While the edu system is encouraging people to get involved in STEM, the money is somewhere else

Steady and above average if you're able to withstand unemployment before being called for housemanship and compete with fellow doctors for gov posts & training positions after 4y of contract

RM1M is not sufficient even for fees in UK now for most Universities. Maybe can do it at Queens.

Glasgow is about 42k pounds now per year for fees only. And Brexit seems to give the pound a lift.

Maybe opting for Sabah or Sarawak gets a higher chance of being absorbed into gomen service.

Having Part A/Part 1 done is a bigger advantage TBH. But since competitive housemen are keen to sit for these papers early, other specialties are missing out on recruiting the cream of the crop.

Well, MBBS graduates may be 'unemployed' as gomen houseman (a stipulation in Medical Acts) today for say, a year.
But ALL of the them (who qualifies) gets to do medicine which they are specifically trained for ...after say, a year.
Meanwhile in terms of generating income upon graduation, nobody can stop them from doing so, though with restriction by the Act.

Graduates in other professional disciplines (such as law, engineering) may never get a job they are trained for in public sector .... and by extension private sector for some.
If ever they gets to do a job they are trained for, it could be anything after 1,5 or 10 years upon graduation.
Retire at 60 yo from a profession they were trained for ? .............. fat hope you have.

Doctors have the choice of a structured system in 'training positions' for career advancement and in a way, the same cannot be said for other professions like engineers.

Btw, I'm not in health care.

You're absolutely right on that regards. And this is based on the assumption that everyone will get to practice medicine after they're booted out of gov service.

Still, the ROI for medicine is horrible if you're only given 4 years of confirmed employment with the government. Further structured training as specialists through the masters program are only available to less than 20% of the yearly intake. And unlike engineering and law, medical training in Malaysia can only be done in the gov sector.

So lets say if you spent RM300,000 in a low tier private med school and gets HO/MO salary of RM6k average over 4 years... that's bad. The private GP scene is getting saturated. You may get RM8-10k monthly tops after that if you're lucky.

I'll admit that I dont know how much lawyers and engineers earn after 5, 10, 15, 20 years of practice

When I previously talk about ROI on my kids medical career, I was blasted and told not to look at that angle. They were correct and I agree with them.

Lawyers and engineers share the same situation as medical doctors. If you are good, have the networking and interact well, you will do financially well.

As for you, with an IT degree earlier and now with everybody talking about IoT, industry 4.0, blockchain and digital media, your options are much greater and you can find some spare time to enhance your earnings.

You have smart kids. The keypoint is... ROI in medicine is horrible if you're average (and dropping out after 4 years without other skills than things you learnt from med school)

I see my future place in in data science & IoT of healthcare

my own experience as an engineer in oil&gas industry, the first 8 years salary increased linearly. After that, the sky was the limit, until the crude oil price crashed a few years back.

And as cybersetan says, when they discovered during housemen period, they are not made for medicine...you will wonder what's next

... and that was and still is, the dream job of a wannabe engineer.

Interesting points being put out between medicine vs non-medical careers.
Imo, I have only experience from being in the healthcare system overseas but the fact is, your skillset will be valued around the country or even the world. (maybe less so for graduates locally due to limited opportunities)
The job is difficult with long hours, constant fear of making mistakes/not following the guidelines, unrealistic expectations from consultants and patients. However, there will be vast opportunity to pursue multiple opportunities within the field or out of the field like medical law, management, leadership, education, journalism etc.
Essentially, the world is your oyster as long youre willing to work hard.

It will be interesting to see the future of UK healthcare system with Brexit, limited funding, and increase complexity of cases with the aging population.

Doing financially well and getting back your ROI are two different matters at this present time. Medical degrees in Malaysia easily cost 250-300k minimum, compared to other professions which cost a maximum of 200k if you go to the most expensive Malaysian universities. Unless you are only comparing degrees in public universities.

You should have graduated....ho now?

Soon. Took maternity breaks

Other than Queen's Belfast, Leicester ,Liverpool, New Castle etc are RM850-930k for 2017-18 intakes ...... and rising annually . Living another RM200k ..... my bad as RM 1M is just off the mark.

Glasgow, Oxford, Cambridge ... you're right though.

You may be also right with 'all' Australian med schools, IIRC.

As a bonus, IINM all the above med schools are recognised by Singapore.

Note:At the point of Brexit in June 2016 , GBP drops from RM6.30ish to RM5.30ish ... today it's RM5.60ish.

This post has been edited by zeng: Dec 13 2017, 01:18 PM

I've browse thru some of the local 1 tier private medical school fee like monash, newcastle, IMU and PMC last few days. All above RM 0.5mil with the 5 years inflation rate around 3%-5%. Even 2nd tier medical school fee also in the range of rm370K-RM450K.

Australia is higher.

Adelaide is likely the highest for undergraduate schools nearly at RM 2m for fees and expenses .Currently annual fees is AUD 75,000 subject to annual increase.Monthly living cost should be between RM5k to RM6k. This is a 6 years program. Current exchange is 3.15.