Application for NUS/NTU Medicine 2021/2022
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wongwong\" post_id=\"2067372\" time=\"1652423994\" user_id=\"198009:
in such cases, one may need to have an agreement w the child to return the investment in full with some ROI.
Not exactly selling one's property but maybe downgrading to a smaller flat to raise the money.
Can consider it as a form of investment.
Top up another 250-300k and study medicine in UK if unable to get a place here.
A 30 year old doctor working as a full time locum here can expect to make about 20k a month or 240k a year.
Like all financial investments in life, there are some risks involved but the returns can be substantial in this case.
I know a few 30 year old insurance/property agents who make 20k monthly too. There are many roads to success.. especially if money is how you define it. -
I heard from my daughter a few years ago that one of her friends who was a fresh graduate with computer science degree, his entry level is $10k/mth.
For me, if my child is very keen to study medicine, I’m with him all the way to support him to pursue his passion. -
Parents tend to make it a 'Mission' in supporting their offspring, over-stretching their finance in some cases and often overlooking their own needs. Of course there are happy ending, nonetheless sad ones are very common as well. In our case, we decide to use cash for local tuition fees after some maths, without a ROI. We thought, it is also parents' responsibility to provide funding for their educations. In extreme case (fortunately didn't have to) where finance is tight to support an overseas med-study, parents has to explain and encourage alternative to secure a full/partial study-loan, surely they can handle. Just won't show-hand & forget about living well for ourselves.
Med is quite diff.
I often hear med-students saying their peers/seniors in finance filed is expecting to draw more than them before turning 30. For mbbs, at the end of the 5 yrs bond, 8-9k/Mth is quite normal. Beyond the bonded years, that's where the income grows, depending on what specialization path they take. Frankly, poor doctor is hardly heard of.
DD had a shot at uniform scholarship before applying to med.
After 2nd interviews; The same interviewer in uniform with 2 crests explained that eventual role is likely be part of the command team, policy makers. She decided not to pursuit and reasons were, she wants to be real doctor and money is not her priority. She decides to make us poorer
Like many med-students, they are aspired to be a doctor for a good cause ; They knew money will come later.
But most parents not in medical field; no clue or little clue, what is means to be a doc in their ds's/dd's perspective.
In plain words, most parents think about earning power for being a doc, not wrong, just different.
DD is finishing yr3, soon yr4 starts.
She says, med-study is interesting but challenging as always. many of them feels 'Jaded', but pressing on to complete what they started. She wasn't concern about future earning in the past...Now I sensed she is starting to have thoughts on future planning that ties to finance. Now, this is part of growing up and soon they will be on their own.
What started as a pure passion to be a doc, a scientific healer, eventually cannot escape the real world expectation where success is somehow measured by eventual wealth (among other aspects) that comes along. Parents were right all along, some say its because we taken more salt then the rice they eaten
Just sharing for thoughts..
Zeal mummy\" post_id=\"2067429\" time=\"1652443764\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2067429 time=1652443764 user_id=58173]in such cases, one may need to have an agreement w the child to return the investment in full with some ROI.
I know a few 30 year old insurance/property agents who make 20k monthly too. There are many roads to success.. especially if money is how you define it.[/quote] -
Precisely the point according to your case.
No concern with repaying study-loans...parents dont need to downgrade/sell roof.
While it is agreeable that there are risks in any investment. They are done with disposable funds, can afford to lose type of monies.
Am quite curious about your age...where the braveness arises from.. wongwong\" post_id=\"2067372\" time=\"1652423994\" user_id=\"198009:
A 30 year old doctor working as a full time locum here can expect to make about 20k a month or 240k a year.
Like all financial investments in life, there are some risks involved but the returns can be substantial in this case. -
For those parents whose kids are in YLL waitlist and have attended today’s YLL virtual meet and greet session, there was a breakout room for WL. It will be nice of those who attended share what is being discussed.
Quite a few questions was on surety for those who have another child already med school or other courses which needs surety. Also there are question on completed 1st year student in Singapore Uni to YLL on grant (likely the 5th year you need to pay full fees and it is a lot!). Boys who going or are in NS and offered a place in YLL… how many are disrupted? Is disruption good? There is chance for those to take 1 more year to do Master course but those who disrupted will not have the chance to do it. Question on Grades, missing classes, etc. Financial support, etc.
YLL virtual meet and greet session is a good session and answers many questions on financial, study years in YLL, activities, etc. It is much assured they will have fun but tough years. They will be trained to doctors to take care of our needs in the future.
Good luck for those who are in WL or have kids who aspire to be doctors -
To study medicine in UK, need only 2 As and a B for A levels (out of the 4 A level subjects) to get a place in a recognised medical school there.
They don’t even look at GP and mother tongue.
Here, you need almost perfect A level scores (all 6 subjects) just to be called for the interview. -
Indeed the academic grades required for both NUS and NTU are equally high just to score an interview.
Also, know that graduates of the local medical schools hold the MBBS (S’pore) that’s only recognised in SG (not for practice overseas) -
Many Singaporeans study medicine in Ireland. Many medical schools in Ireland were recognised in Singapore previously but in 2020, Singapore changed to recognise only one medical school in Ireland.
https://www.imt.ie/news/singapore-delists-four-irish-medical-schools-25-04-2019/
In the past, if don't get sufficient grades for A levels to enter medical schools in say Australia or Ireland, there is another route to study medicine there. Can go and do the 1 year foundation program in Australia or Ireland and then enter the medical schools there based on the 1 year foundation exam results.
So it is much easier to get into a medical school overseas than into a local one. What is needed is financing. -
Dear Wong Wong
Thanks for sharing lots of information on the overseas med sch application.
Do you have any agent to recommend to study in Australia/UK/Ireland ?
Adv & Thx -
Dear Reb,
Most medical schools are usually 6 years long, if they are not postgraduate medical courses (possess a basic degree) which are usually 4 years long.
You can try Queen Mary (UK) and Monash (Australia), which offer the 5 years programme. UNSW and Adelaide are 6 years long.
Educational consultancies you can approach are IDP, Crimson and Jack Study Abroad. They are tests to sit for (UCAT/ ISAT) and shortlisted candidates will be invited for interviews.
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