About
What does "MD in the Black" mean?
“In the black” is a financial idiom meaning “making a profit.” This is in contrast to “in the red,” which means operating at a loss. For most trainees, the transition from medical school to residency marks an important switch from years of operating “in the red” (due to education debt) to collecting a salary that puts them “in the black.” Helping residents manage this transition is the focus of our efforts. Therefore, this new income status is reflected in our name: MD in the Black.
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While doctors of medicine (MDs) are mentioned in our name, we believe this information is also relevant to many other groups of medical trainees, including doctors of osteopathic medicine (DOs), dentists, and pharmacists.
Mission
MD in the Black is a personal finance curriculum designed specifically for medical residents.
Medical residents have special financial circumstances: modest training salaries, high anticipated future earnings, and, for many, high education debt. MD in the Black is designed to help residents in these circumstances make informed financial choices.
This curriculum was created for medical professions, by medical professionals.
Team
Eric Shappell, MD, MHPE
Creator, Editor-in-Chief
Assistant Director, BWH/MGH HAEMR
Director, EM Student Programs at MGH
Massachusetts General Hospital
Harvard Medical School
James Ahn, MD, MHPE
Co-Creator, Associate Editor
Director, Medical Education Fellowship
Associate Director, Residency Program
Assistant Professor
University of Chicago
Michael Ernst, MD
Author, Contributor
Attending Physician
Emergency Medicine Consultants
Dallas, Texas
Matthew Pirotte, MD
Author, Contributor
Assistant Director, Residency Program
Assistant Professor
Northwestern University
Ryan McKillip, MD
Contributor
Resident Physician
Advocate Christ Medical Center
Additional Contributors
Ilene Harris, PhD
University of Illinois at Chicago
Aalok Kacha, MD, PhD
University of Chicago
Mohammed Minhaj, MD, MBA
UChicago Medicine
Yoon Soo Park, PhD
University of Illinois at Chicago
Ara Tekian, PhD, MHPE
University of Illinois at Chicago
James Woodruff, MD
University of Chicago
Disclaimer
We (the authors, editors, and publishers) are not financial professionals. The content provided on this website is for informational purposes only. This content should not be considered financial, legal, accounting, or other professional advice. If you have any financial, legal, accounting, or other questions, you should consult a licensed professional in your state. Neither the authors, the editors, nor the publisher shall be liable for any damages resulting from actions taken related to the content on this site. MD in the Black may receive payments from some affiliate partners.