Cost of Medical School: CANADA vs. USA

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How much does it cost to become a doctor?
In this video I'm going to break down the cost of medical schools in Canada and the USA, as well as how you can afford to pay for them (even if you may not have the money on hand). We'll dive into the cost of medical school tuition in Canada and the US as well as try to decipher whether medical school is "worth it" financially by analyzing the lifetime earned income of a doctor compared to a bus driver.
Enjoy :)
🕒 Timestamps 🕒
0:00 Intro
0:58 Cost of undergrad
1:54 Cost of med school (Canada)
4:34 Cost of med school (USA)
5:43 Paying for med school
8:55 Lifetime income analysis: Doctor vs. Bus Driver
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📷 Instagram: darrenchaiMD
DISCLAIMER: This account is not affiliated with McMaster University, St. Joseph's Healthcare Hamilton, Hamilton Health Sciences or any other educational/healthcare institution. The opinions expressed in this video do not necessarily represent those of the aforementioned institutions. This video is intended for educational and/or entertainment purposes only. Please consult your university's webpage for the most up-to-date tuition information.
References:
1. mdprogram.mcmaster.ca/student...
2. applymd.utoronto.ca/tuition-fees
3. mdprogram.med.ubc.ca/student-...
4. www.mcgill.ca/medadmissions/p...
5. www.aamc.org/data-reports/rep...
6. cupelocal2.com/wp-content/upl...
7. www.scotiabank.com/healthcare...
8. www.rbcroyalbank.com/healthca...
9. www.cibc.com/en/business/bank...
10. www.bmo.com/main/personal/ban...
11. www.td.com/ca/en/personal-ban...
12. www.ontario.ca/page/osap-onta...
13. www.cma.ca/canadian-physician...
14. www.cma.ca/sites/default/file...

Пікірлер: 21

  • @scorpioshego
    @scorpioshego2 жыл бұрын

    Very interesting comparison on Career paths. It’s good to see the similar earnings of such different professions. Thank you for sharing!

  • @michaelwu3994
    @michaelwu39942 жыл бұрын

    Great analysis brother! Super helpful for premeds and high school students and even as a first year medical student at mac myself, this is insightful- keep up the grind and hope you enjoy residency man!

  • @DarrenChaiMD

    @DarrenChaiMD

    2 жыл бұрын

    Thanks man!1

  • @radinsistani5447
    @radinsistani5447 Жыл бұрын

    Thanks for the video❤❤

  • @shintee4726
    @shintee47265 ай бұрын

    I feel that Canadian med school youtubers don't get enough love. Thank you!

  • @pakcadian7948
    @pakcadian79482 жыл бұрын

    BTW McGill isn't a French school!

  • @sheriffolasumbo4479
    @sheriffolasumbo44796 ай бұрын

    Thanks Darren. Watching this for my kids. I guess i'll need to have a lot more money saved to help them.

  • @Yellownerdymamba
    @Yellownerdymamba2 жыл бұрын

    Super helpful vid. Is easier admission really the only pro to going to a US medical school?

  • @goodnessagbanusi6599
    @goodnessagbanusi65992 жыл бұрын

    Heyyy I really love the way broke down everything for a better understanding thank you, but what about international students trying to apply to Macmaster University Medical school, will the tuition fees and overall fees per year be more expensive or still the same?

  • @SinghDabb
    @SinghDabb2 жыл бұрын

    Hi Darren, thank you for the cost breakdown. Can you possibly post a video for older non-traditional applicants. I am non-traditional but cannot find anyone I can relate to. Some questions on how successful applicants with kids managed the workload and family life? Which schools are more accommodating towards non-traditional applicants. How do med schools calculate first and second degrees. Also, can you make a video on Queens and Schlick medical school? Thank you!

  • @DarrenChaiMD

    @DarrenChaiMD

    2 жыл бұрын

    Hey Tejinder! Each medical school will have a different process for how they handle first and second degrees. There really is no standard convention so you'll have to check their admissions page to find out! I'm probably not the best person for non-trad advice but I can say I've seen plenty of non-trads come to medicine with families and they do quite well because of the maturity and life experience they bring!! Best of luck :)

  • @SinghDabb

    @SinghDabb

    2 жыл бұрын

    Hi Darren, thank you for getting back! I’m glad to know that age is a benefit! Another quick question, I hear people say that you need to keep applying, you won’t get in on the first try or the second, is that generally true? Thank you!

  • @zanyar-cw4yl
    @zanyar-cw4yl11 ай бұрын

    Can you make a video on if you didnt chose to enter med school where else would you have to have a good salary and also mention the jobs and the salary of it for canada

  • @lifeandentertainment3554
    @lifeandentertainment3554 Жыл бұрын

    Hi , does IMG can use her spouse PR for wrong MCQQE exam while her application in progress or ING also needs PR to write ?

  • @lifeandentertainment3554

    @lifeandentertainment3554

    Жыл бұрын

    @daren chai

  • @sonofsarko7696
    @sonofsarko76962 жыл бұрын

    Please can I get a Canadian University with the fees around 5000 usd to study medicine

  • @DarrenChaiMD

    @DarrenChaiMD

    2 жыл бұрын

    Oh I wish ahahah

  • @samuelamanual8449
    @samuelamanual84492 жыл бұрын

    What other career options were you considering other than being a physician?

  • @DarrenChaiMD

    @DarrenChaiMD

    2 жыл бұрын

    I thought about engineering, actuarial sciences and computer sciences but ultimately chose medicine because I do enjoy the person-person interaction!

  • @UnknownPerson-it6xe
    @UnknownPerson-it6xe2 жыл бұрын

    Did you do the IB or AP program in high school?

  • @DarrenChaiMD

    @DarrenChaiMD

    2 жыл бұрын

    IB but I dropped out in grade 11 because universities didn't care if it was IB or academic, they just cared about the final grade I got in the course!