Opportunity Cost Spreadsheet

Opportunity Cost Spreadsheet

Different programs take different amounts of time, so that means a fair comparison should take that into account. If one program gets you out faster that means you can start working sooner and so the relative cost is lower.

This spreadsheet uses a few schools as examples of how to account for the differences in program length as well as what your income potential is upon graduation. Notably, when you graduate from the Baylor program you have already completed the residency requirements and have the income potential of a board eligible clinician. You skip the two years or 18 months of residency salary. This comes at a cost since you are in school slightly longer.

This spreadsheet allows you to plug in the salaries that you think are reasonable for the different level of practitioner and shows you the comparative results. To make those changes you will have to go to “File…Make a Copy” and then make your edits there.

It is important to note that this spreadsheet does not take into account the costs of living differences between program locations. You may want to take that into account when you do your own calculations.

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