The end of 2020 is fast approaching. Besides the election, what does this mean? That it’s time to revisit one of my original posts. As you may recall, most dental residencies charge exorbitant tuition. If our medical colleagues knew, they would shake their heads in disbelief. Where does UCLA vs. USC come into this? Back in 2017, I tallied that the direct cost of attending USC Orthodontics for residency came out to $269,299 (yes tuition, no salary). To match at UCLA Orthodontics, on the other hand, netted you $158,824 (no tuition, yes salary). The raw net difference stood at $428,123. How do the Bruins fare three years later in 2020? Let’s find out.
In late May, the Wall Street Journal published an article detailing the financial troubles of Dr. Mike Meru. In short, Mike Meru is an orthodontist practicing in Utah who owes more than $1 million in student loans. Yes, you read that right! As a fellow orthodontist, I appreciate his willingness to share so much about his financial life with the public. This is something that many people would never do, no matter their line of work. However, this article brought to the forefront a number of difficult issues uniquely facing the current generation of student borrowers. After all, who is to blame for his $1 million student loan debt?
This year, U.S. News’ ranking of the best jobs in the country saw dentists come in at no. 2. Software developers came out on top with the best jobs of 2018, dethroning dentists from their previous perch on top of the 2017 rankings. Naturally, many of my dentist friends and I discussed the meaning behind our new horoscopes. Murky methodology aside, let’s look further into why so many healthcare jobs continue to dominate the 2018 U.S News best jobs list. Did I mention that orthodontists made it into the top 5?
I’m a little late on this post, but wanted to reflect a bit on how big of a year 2017 was for orthodontics. Especially in the world of clear aligners. Back in October, Invisalign had a number of their patents expire, thereby ceding part of their long-held monopoly on clear aligners. And by the end of December, Align Technology — the parent company that owns Invisalign — had the top-performing stock among S&P 500 companies. Yes, you read that right. Take that, finance, tech, and med friends! A dental company was on top of the stock market in 2017.
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