ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 46: Crunching Numbers: Academic vs. Clinical Career Paths

Thought about pivoting jobs in EM? Or maybe you are recently out of residency and deciding on going down an academic or clinical career path. A vital piece of that decision, beyond career satisfaction, is how the finances shape up from one to the other.

It’s a common belief that an academic career path is more stable… but without a salary cushion the clinical career path affords, you really have to have a financial game plan in place. So in this episode, we crunch the numbers to portray what lifestyle and retirement looks like in both scenarios.

Topics Discussed:     
  • What academic emergency medicine entails.
  • The two main models that exist.
  • How the compensation compares.
  • Monetary and non-monetary elements at play.
  • The benefits and drawbacks of both positions.
  • Baseline stats for the academic and clinical career paths.

Resources Mentioned:  


planning, financial planning, ER doctor, doctors, finances, careers, clinical vs. academic, salary, career paths