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Does anyone know if the same 401k rules apply at EY as Accenture so they will cap the contributions coming for your check say if you hit the yearly limits in August? So if you hit the 22,500 in 23 there is no way to go over for tax issues. Thinking to frontload next year contributions if market is down. EY
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Not all doctors get paid $250k. Pediatrician/Family Med/Physiatrist for example only average 175k (not starting, which is far less, and residency they make about 50-70k). Some managers and definitely directors makes more than that.
Well... Technically a resident is a doctor. But I see what you're saying. And I disagree, the rate at which a Resident Physician converts to a fully practicing physician is MUCH greater than a junior consultant making partner
How much do you make??? Doctors get paid pretty damn well. At least, the ones I know.
I'm definitely not paid more than a doctor. Associate.
Do you mean our individual salaries or projects? Doctors avg 250k
That's still training OP. They make up for it later and then some
Because we understand economics better 🤔
Supply and demand
4th year residents are paid 50k. Work 12 hour shifts including ER.
EY 1: Disagree. We don't really save clients anything.
Now if you pull in the higher compensated medical fields, then I could argue an MDs pay is higher overall (orthos, radiology, anesthesiology, etc).
The real cost is the price hike due to insurance and the fact that hundreds of hospitals have to compensate for people who can't afford healthcare. Hard to make money AND provide it to everyone
Could be true. But if we learned anything from PwC last week then it's that there is such a thing as too many consultants.
And we learned the same thing from Deloitte a month ago
Paid more by our clients? Because some of us actually save our clients millions. Paid more by our firms? We aren't.
My 2.5 person team saved our last client (top 50 bank) over $13 million in one-time or annual cost reductions. But I realize we're the exception not the rule.
@D 1 more like a C or SC based on what I've understood from work/roles. It's unfortunate imho.
Residents are doctor in wheels.
^^ that's the same as "consultants are PPDs in wheels"
^^ doesn't that further the point that it's tougher for them to get to the top tier & the wage gap between us & them is absurd.
I wasn't disagreeing with your point on consultants overall wages being greater.