After years of lurking, I guess it's time for me to put in my 2 cents.
I graduated Pod school in 2009 and residency in 2012. I've been extremely lucky in my career. First of all, I'm the son of a podiatrist which allowed me to to own a practice 5 years after residency.
I also have the privilege of having two older siblings who are doctors (DO hospitalist and MD ortho hand).
All three recommended I go to podiatry school for the obvious reasons of being able to take over the practice.
I was a bit disappointed with podiatry school. I felt like there were definitely people that were accepted who had no business being there. It was obvious that the school just wanted their tuition money. Speaking of tuition, it was about 20k a year at 2005-2009. I see it is about 40k now. I'm very grateful most of this was paid for by my future employer (dad) and I only took out the maximum subsidized loans at the time. I graduated pod school with like 30k or so in debt.
My dad was very involved in the APMA. I knew that he only had a one year residency and obviously did pretty well being able to put 4 kids through college and 3 through med school. I assumed during podiatry school that now that all residencies are 3 years, any residency would be able to teach me all aspects of the lower extremity in 3 years. After all, the internists learn the whole body in the same amount of time.
I mainly chose residencies based on location because, why not? They are all 3 years now. They can surely teach all aspects of the LE. This assumption was the biggest regret of my life. There are obvious differences in quality of residencies. Way more than there should be.
Even though I messed that up, I was still able to match with a pretty good program that did train me very well. However, if I didn't match with them, it could have been rough.
I voted that I"m satisfied withe the decision to become a podiatrist but I have significant reservations for anyone who is currently on the fence about joining the profession.
They are the same that have been listed on here countless times.
-Debt (I could not imagine having 300k or so in debt and not having a podiatry job set up after residency) If you are truly considering taking out that amount of money without any promise of job, please don't.
-Job market- We are living in the world of information. Just google podiatry jobs. It's not hard to see what is out there. There isn't much. Every now and then I apply for a job even though there is essentially no chance I would ever leave my current position. But I've never gotten a response. I"m ABFAS BC in foot not RF.
-Job flexibility- Basically the same thing as job market. If I lose my job today can I get another one somewhere? I certainly won't be making the same amount of money. For those interested I do about 350k/year plus I have ancillary income from a surgery center (did I mention my ortho brother). I also married a now VP of marketing for a large corp (non medical).
-Saturation- It's obvious that we are turning out way too many podiatrists. We are making way too many foot and ankle surgeons than the market demands. In my area much more recent grads are coming than old ones are retiring. Speaking of retirement, there are atleast 3 pods in my area who are practicing that are over 65. So these guys graduated in early 80's (podiatry golden years) but are still practicing with no plan to retire. I know because I've asked if they would be interested in buyouts of their practice and they have told me they have no plan to retire soon.
So again, I do well. Probably better than 95% or so because I was fortunate enough to be able to graduate with little to no debt, be owner of a practice within 5 years post residency, have the ability to own shares at a surgery center, and have a wife that is killing it.
I have three young children. At this point, I would not recommend podiatry to any of them. If they don't really have a career that they are truly passionate about, I would push them towards nursing/ICU/CRNA. This pathway has a lot more opportunities. If they decide they want to become an ARNP in an area of medicine that interests them, then they can. If they decide they want to become a future CEO of a hospital, then they can do that as well etc.
Also, just go to gaswork.com and check out the CRNA positions. They are plentiful and one is currently starting at 300k and 9 weeks paid vacation. Also, It's only 3 years post grad schooling and the tuition is cheaper. This does not compare at all to the current podiatry job market and I don't see the podiatry market getting any better with the addition of the new school.
So anyway, those are my 2 cents. Take it for what its worth. Basically, I'm doing great because I was lucky. I don't know if the next person will be as fortunate as me.