Third of medical students plan to quit NHS within two years of graduating

HAYSIE

https://www.msn.com/en-gb/health/other/third-of-medical-students-plan-to-quit-nhs-within-two-years-of-graduating/ar-AA1gzyK3?ocid=msedgntp&cvid=b6e004ebbc1b46619ba716ecf6669deb&ei=27

Essexphil

In shock news, students have unrealistic expectations in relation to their future careers.

Here is a dose of reality.

https://www.euronews.com/next/2023/08/11/doctors-salaries-which-countries-pay-the-most-and-least-in-europe

And that is just pay. The UK is 1 of very few that have a Final Salary Pension Scheme. That offers pretty much unlimited overtime. That gives substantial extra pay for working antisocial hours.

Which is of course the reason why the vast majority of UK-trained Doctors continue to work for the NHS.

Not because it is perfect. It isn't. But because salaries and conditions are competitive. Despite what the BMA say.

HAYSIE

Essexphil said:

In shock news, students have unrealistic expectations in relation to their future careers.

Here is a dose of reality.

https://www.euronews.com/next/2023/08/11/doctors-salaries-which-countries-pay-the-most-and-least-in-europe

And that is just pay. The UK is 1 of very few that have a Final Salary Pension Scheme. That offers pretty much unlimited overtime. That gives substantial extra pay for working antisocial hours.

Which is of course the reason why the vast majority of UK-trained Doctors continue to work for the NHS.

Not because it is perfect. It isn't. But because salaries and conditions are competitive. Despite what the BMA say.

I wouldnt disagree.
Although I would say that young people probably give very little consideration to getting old and retirement.

Essexphil

HAYSIE said:

Essexphil said:

In shock news, students have unrealistic expectations in relation to their future careers.

Here is a dose of reality.

https://www.euronews.com/next/2023/08/11/doctors-salaries-which-countries-pay-the-most-and-least-in-europe

And that is just pay. The UK is 1 of very few that have a Final Salary Pension Scheme. That offers pretty much unlimited overtime. That gives substantial extra pay for working antisocial hours.

Which is of course the reason why the vast majority of UK-trained Doctors continue to work for the NHS.

Not because it is perfect. It isn't. But because salaries and conditions are competitive. Despite what the BMA say.

I wouldnt disagree.
Although I would say that young people probably give very little consideration to getting old and retirement.

Final Salary schemes are particularly good for Doctors. Simply because their typical career progression involves massive increases in wages.

If your starting salary is £35,000, and your Final Salary is, say, £200,000 (on today's rates, then upgraded massively for inflation), a Final Salary Scheme is worth a massive amount of money.

I recall a conversation many years ago with a then-employer. They asked to renegotiate my Pension contributions to a Final Salary scheme. I was paying in 2% of my salary. They were paying in 26%. They asked me to agree to change it to 6%/22%, and they would in return guarantee not to seek to change it for 5 years.

Amazingly, some of my colleagues (only the longest-serving employees had access to this scheme) argued. Not me

HAYSIE

Essexphil said:

HAYSIE said:

Essexphil said:

In shock news, students have unrealistic expectations in relation to their future careers.

Here is a dose of reality.

https://www.euronews.com/next/2023/08/11/doctors-salaries-which-countries-pay-the-most-and-least-in-europe

And that is just pay. The UK is 1 of very few that have a Final Salary Pension Scheme. That offers pretty much unlimited overtime. That gives substantial extra pay for working antisocial hours.

Which is of course the reason why the vast majority of UK-trained Doctors continue to work for the NHS.

Not because it is perfect. It isn't. But because salaries and conditions are competitive. Despite what the BMA say.

I wouldnt disagree.
Although I would say that young people probably give very little consideration to getting old and retirement.

Final Salary schemes are particularly good for Doctors. Simply because their typical career progression involves massive increases in wages.

If your starting salary is £35,000, and your Final Salary is, say, £200,000 (on today's rates, then upgraded massively for inflation), a Final Salary Scheme is worth a massive amount of money.

I recall a conversation many years ago with a then-employer. They asked to renegotiate my Pension contributions to a Final Salary scheme. I was paying in 2% of my salary. They were paying in 26%. They asked me to agree to change it to 6%/22%, and they would in return guarantee not to seek to change it for 5 years.

Amazingly, some of my colleagues (only the longest-serving employees had access to this scheme) argued. Not me

I wouldnt dispute any of that.
Although many people in their twenties are more concerned about what they can get now, as opposed to when they are old.

HAYSIE

HAYSIE said:

Essexphil said:

HAYSIE said:

Essexphil said:

In shock news, students have unrealistic expectations in relation to their future careers.

Here is a dose of reality.

https://www.euronews.com/next/2023/08/11/doctors-salaries-which-countries-pay-the-most-and-least-in-europe

And that is just pay. The UK is 1 of very few that have a Final Salary Pension Scheme. That offers pretty much unlimited overtime. That gives substantial extra pay for working antisocial hours.

Which is of course the reason why the vast majority of UK-trained Doctors continue to work for the NHS.

Not because it is perfect. It isn't. But because salaries and conditions are competitive. Despite what the BMA say.

I wouldnt disagree.
Although I would say that young people probably give very little consideration to getting old and retirement.

Final Salary schemes are particularly good for Doctors. Simply because their typical career progression involves massive increases in wages.

If your starting salary is £35,000, and your Final Salary is, say, £200,000 (on today's rates, then upgraded massively for inflation), a Final Salary Scheme is worth a massive amount of money.

I recall a conversation many years ago with a then-employer. They asked to renegotiate my Pension contributions to a Final Salary scheme. I was paying in 2% of my salary. They were paying in 26%. They asked me to agree to change it to 6%/22%, and they would in return guarantee not to seek to change it for 5 years.

Amazingly, some of my colleagues (only the longest-serving employees had access to this scheme) argued. Not me

I wouldnt dispute any of that.
Although many people in their twenties are more concerned about what they can get now, as opposed to when they are old.

And many in their 50s wish they had done more about retirement.