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Career and Money Strategies for Physicians

The Dropout Doctor

2/17/2017

4 Comments

 
Picture
By Mani Saint-Victor MD
The biggest mistake physicians make in career transition is not imagining the possibilities broad, bright, and inspiring.  Whether fresh out of residency or haggard from a decade or two in industrialized medicine, when it’s time to think nonclinical it’s time to dig deep.


You’ve gotta reach inside to reawaken the inner child that you’ve been hushing in the corner as you built up discipline, practiced delay of gratification, and developed professional physician ways.  You’ve accomplished that piece. Celebrate it! Now it’s time for wide open, dreamy-eyed idealism.
This sounds ridiculously irresponsible.  It is- if you go about it without a plan.  In the age of the internet the best plan is to Google first.  Yep. Search and ye shall find.  But only if you are certain of what it is you want to find. 
“Doctors are busy people” - Captain Obvious.
In order to be efficient, to make the most productive use of your time, and to reach your ideal non-clinical situation fastest begin by dreaming wildly.  What do you want your ideal day to look like? 
Don’t fall for the usual trap of starting from a place of frustration.  You can tell you’re doing that when you start listing the stuff you don’t want:
  1. Less hours at the hospital
  2. Less tired
  3. Less paperwork
  4. No arguing with insurance providers
  5. Less interruptions of my time with family
The list could go on.  That trap is bottomless and the relief that comes from catharsis feels good enough in the moment to pass for inspiration.
It’s not.
Instead start surfing the net for stories of inspiration.  What have other doctors done after they quit clinical medicine?  Beyond the obvious. Look for the meaningful.  Sure jumping over to a biotech firm, joining a healthcare startup, medical writing, public speaking, and even management consulting or joining venture capital firms are some frequent paths transitioning docs choose. 
But you’re a doctor, for goodness sake!  You went after one of the most challenging careers out there and you nailed it.  Bring back that indomitable spirit and imagine something wild yet aligned with your sense of purpose and go for it.
Most of us have forgotten how to freely imagine.  Cultural conditioning whispers:
“You’re too old to start that.”
“You’ve got bills to pay and that won’t make enough money to maintain your lifestyle.”
“Can you even imagine how much hard work it’s gonna take to work up from the bottom in another career?”
Again, Google to the rescue.
My single biggest lesson in my transition from clinical medicine has been to unlearn the beliefs I hold limiting my own potential. I’ve done this in three broad steps.  
First step: I looked at all of the stories about doctors who had made successful transitions that I could get my hands on. I studied their thoughts, feelings, actions, and mistakes.
Second step: I looked at at what people who made changes from other careers had done.  I looked for the same stuff but with an eye on perspectives from outside of medicine. The more mistakes I could see coming from different points of view the more confident I felt.
Third step: I got a coach. You need someone to keep you on track and to catch you shrinking your vision in moments of temporary defeat.
Read a ton of success stories. Notice the ones that set your spirit on fire. Notice which principles inspire you. Find communities who share those principles. You’ll learn fastest from like minded people.  Your curiosity and passion will drive you in pursuit of a career that matches and expresses your core identity.  
If you’d like to read a collection of revealing stories from inspiring physicians who have transitioned from clinical medicine then visit Thinking About Quitting Medicine.
 
Dr. Mani Saint-Victor, MD,  The Dropout Doctor
4 Comments
Lisa
2/17/2017 12:39:55 pm

Great commentary, Doc.
Thanks for helping physicians look outside of the box and put into the great abyss of life beyond traditional medicine.
Well done.
Cheers

Reply
Berry Pierre link
2/17/2017 08:11:46 pm

The biggest transition for me as well was unlearning the barriers that had been placed upon me. I had to learn about inperfect action

Reply
Dr Mani link
2/26/2017 06:17:55 am

That's definitely a big one too, Dr. Pierre!

Perfectionism can keep me paralyzed while imagining negative outcomes all-the-while revving my engine- stressing myself going nowhere.

Reply
Dr V
6/22/2020 01:37:14 pm

Dr Mani
I want to thank you for sharing this valuable insight. Your words have resonated in my mind as myself feel identified with them. "Perfectionism can keep me paralyzed while imagining negative outcomes all-the-while revving my engine- stressing myself going nowhere"
This kind of thought cripples you. I feel defeated and this keeps me awake at nights. I can't seem to find a way out of this.




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    Contents
    Starting a clothing business
    Disability insurance tips
    Choosing financial advisors
    Tips for money management
    How to become a physician hospital executive
    Wound care specialty training
    Healthcare IT
    Salary of non-clinical jobs
    Medical malpractice insurance policy
    ​If you lost your medical license
    Confidence and Mentorship
    Expanding non clinical job market for physicians
    Selling yourself as a physician
    Knowing your value as a physician
    Targeting your audience
    Dealing with volatile markets
    SEP-IRA
    Defensive behavior
    US clinical experience for international medical graduates
    Physician review sites
    Retirement finances
    Contract negotiation
    Physician recruiter insight
    The alternative to multitasking
    MD/MBA
    What is a Functional Resume?
    Trends in physician careers
    Spending and debt
    The personal side of medicine
    The dropout doctor
    Dealing with despair
    Direct sales
    Student loan management

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  • Non-clinical jobs for doctors
    • How to Find a Non-Clinical Job
    • Medical career strategies
    • Transition Toolkit
    • Physician Success Stories
    • Wound Care Physician
    • Senior Medical Editor Job
  • Where to find non clinical jobs
    • Job Openings
    • Medical Writing and Strategy Agencies
    • Medical Review Companies
    • Clinical Research Training
  • Useful Links
  • Careers for Physicians Without Residency
    • Licensing and Programs for International Physicians
  • Resources For Physicians With Disability
  • Re-Entry Into Medicine
  • Tips from your doctor
  • How to Become a Licensed Physician in the USA
  • Substance abuse