Money Meets Medicine Podcast
9 Considerations When Changing Jobs
50% of doctors change jobs in the first 2-4 years of their career, but knowing how to properly handle a job transition is relevant to every physician at every stage of their career. Financial advice for doctors doesn’t often cover this topic, so we’re more than happy to dive into it with you here.
Maybe you’re coming out of your first job in training, maybe you’re an attending changing jobs, or you’re moving out of academics to another field. You honestly don’t know when certain opportunities will arise, or how life will happen and cause you to change your plans.
Lisha has a job transition on the horizon herself as she prepares to leave her residency in LA and become an attending physician, so it’s a timely topic and widely applicable no matter where you are in your career journey.
Job transitions can be tricky enough when you’re careful. There are a few more things to consider in a new job as a physician than in most other careers – we’re going over 9 today. Be sure to keep them in mind as you set the course for your next career move.
Here are some things to consider:
- Beware of end and start dates
- Clarify timing of other payments/bonuses
- Understand your vacation/sick/holidays
- Determine retirement benefits and contributions
- Complete PSLF Student Loan Form
- check health insurance status
- Check malpractice type
- Take advantage of new benefits
- Beware of promotion and bonus requirements
Looking for a comprehensive financial platform for doctors, by doctors that will help you to secure your financial future? Make sure to check out HelloAttend.com
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