This episode normalizes salary discomfort and reframes it as valuable data rather than something to feel ashamed of. Dr. Onwuemene walks listeners through five key questions to ask when the thought “I should be making more money” comes up, helping physicians think strategically, emotionally, and practically about compensation, negotiation, and long‑term financial goals.
This episode is especially relevant for physicians in academic medicine, career transitions, or anyone questioning whether their current role can truly support the financial life they envision.
Key Topics Covered
- Why it’s normal—even for high‑earning physicians—to feel dissatisfied with their salary
- The emotional weight of pay cuts and lifestyle expectations during career transitions
- Wage compression, equity, and fairness in academic and institutional settings
- The difference between wanting more money and wanting fairness
- How to think clearly and productively about salary negotiations
The 5 Questions to Ask When You Want a Higher Salary
1. What’s really driving this desire? Is it truly about money—or is it about equity, fairness, recognition, or comparison? Clarifying the “voice behind the voice” helps you approach negotiations calmly and effectively.
2. What kind of financial future can this institution support? Think of your workplace as a financial foundation. Is it built to support a “ranch house” or a “skyscraper”? Understanding structural limits helps you decide whether to adjust your goals—or change environments.
3. Who is already earning what I want to earn—and what are they doing? Look around. Identify people achieving your financial goals and examine the price they’re paying in time, energy, call schedules, and lifestyle. Then ask: Is that a price I’m willing to pay?
4. What is actually possible here? Avoid prematurely closing doors. Many physicians create significant income through consulting, entrepreneurship, hybrid models, or strategic roles—even within academic settings. Ask: How could this be possible?
5. Do I have the courage to act? Comfort can be a trap. Building wealth often requires discomfort, risk, and change. This step is about having the courage to move—even when the path feels uncertain.
Final Takeaway
Institutions can set ceilings—but you get to decide whether to push against them, raise them for others, or build somewhere else entirely. The key is clarity: about your goals, your environment, and the moves you’re truly willing to make.
If you’ve ever thought, “I should be making more money,” this episode will help you unpack that thought and turn it into informed, intentional action.