Medical education as well as graduate education in medicine involve a 6-year to 6-year straight undergraduate study , for instance in the British model ; whereas in the US model, potential medical students are required to possess first degree in life sciences before enrolment in 4 or 5 year (MD) medical programme. Then, for the specialists, the MD or MB BS holders will return to the medical schools for residency that runs from 5 - 9 years depending on the sub-specialties.
Thus, there is urgent need for a financial models to determine financial returns on investments (a unit or average cost analysis) for medical education for two groups; those that stopped with MB BS (MD) and those who did residencies and earn MB BS + FRCS / FRCP . The model will cover the construction of costs and career earnings for 35 years and also 45 years for representatives of each of these two group.
Sample of previously published research articles on the subject matter will highly appreciated,
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