Job Layoffs and Its Effect on BS/MD Programs

Over the last several months, we have been hearing about planned job cuts:

• Google parent Alpha announced plans to cut 12,000 jobs.
• Facebook parent Meta Platform announced plans to cut 11,000 jobs.
• Amazon announced plans cut 18,000 jobs.
• Salesforce announced plans to cut 8,000 jobs.
• Disney announced plans to cut 7,000 jobs.
• IBM announced plans to cut 3,900 jobs.
• 3M announced plans to cut 3,500 jobs.
• SAP announced plans to cut 3,000 jobs.
• Dow announced plans to cut 2,000 jobs.
• News Corp. announced plans to cut 1250 jobs
• BlackRock Inc. to cut 500 global jobs.
• Banks including Credit Suisse, Goldman Sachs, Morgan Stanley and Bank of New York Mellon have begun to cut more than 15,000 jobs in recent months.

The alarming increase in job losses across these sectors has caused uncertainty and unpredictability. What we are seeing is an increased in number of parents calling our offices regarding interest in BS/MD programs.

Why is there an increased interest and why do we expect an increase in applications to BS/MD programs? Here are several reasons:

• Job Stability: In the case of job layoffs the pertinent reason to choose a career in Medicine is the job stability you will enjoy after graduation.
• Doctors are high in demand: Doctors do not have to worry about a lack of demand for their expertise. According to the Bureau of Labor Statistics, employment for nurses and doctors/physicians is expected to grow between 7-12% by 2028.
• Compensation: Physicians are among the most generously compensated members of the workforce. In fact, you’ll see quite a few physician specialists among the top 20 highest-paying occupations identified by the US Bureau of Labor Statistics (BLS.
• Citizenship: For international and H-4 visa students, it’s one of the fastest ways to attain U.S. citizenship because the high demand and need for doctors.

The increase in applications coupled with schools using intangible as well as tangible qualifiers for admissions decision makes it more difficult for applicants to be accepted. BS/MD programs accept students with diverse interests, backgrounds, unique experiences, WOW factors and convincing stellar essays NOT students with just top grades, high SATs and resumes filled with academic awards, generic research and volunteer work.

This is why it’s important to retain the services of a qualified admissions expert who has the insider’s knowledge of how to successfully navigate BS/MD admissions especially when there will be more applicants and increased competition!

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Dr. Paul Reginald Lowe is the managing director of Pinnacle Educational Center Admissions Advisors Group network.  He and his team of admissions advisors, through the admissions affiliate, BS/MD Admissions Advisors, help high school students get accepted to BS/MD programs. As a result of his continuous clients’ acceptances into BS/MD programs, his clients have considered him: BS/MD Admissions Guru.

Our BS/MD Admissions practice is specialized: Dr. Lowe and his team ONLY work with parents who understand that the BS/MD admissions process is highly competitive and thus desire help from an admissions expert. They appreciate the value and investment in paying for expert advice consisting of a detailed and ongoing comprehensive admissions advisory service for their child’s dream of becoming a doctor.  He also specializes in helping international students in the BS/MD process. Parents who chose to use our services want to call their son or daughter – “Doctor” when they are seniors in high school.