These agents can get up to 4% to 10% of the first year salary:
In 2001, Duke University basketball player Shane Battier moved on to the NBA and hired an agent to handle his contract negotiations. Around the same time, Duke University psychiatry resident Omar Manejwala, MD, moved on to the pro ranks and, like Battier, hired an agent to handle his contract negotiations.It might seem strange that a physician would have an agent handle job-hunting and contract negotiations. But the increasingly complicated nature of employer and partnership contracts has more doctors retaining outside help . . .
Related posts:
- Is the economy giving physicians the upper hand in hospital negotiations?
- The physician employment contract
- Contracts
- "The worst thing a doctor can do today is contract with an insurer"
- Can patients and doctors handle the truth?
- How should doctors handle the difficult patient?
- Playing tough with insurers
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It probably isn’t much different than hiring a contracts attorney; most “agents” are just that. Considering how disadvantageous to the hire some contracts are written, the effort and cost could really be worthwhile. The agent has an incentive to get you the best deal, and every incentive to tell you to walk when he can’t, since much of his business depends on word of mouth.
I would have definitely looked into doing this if it was more common when I signed. I think most graduates don’t know what to ask for and if they can ask for things. Making someone else the bad guy (agent) and not you is always a good thing in negotiations.
Can anyone point me to a good contract agent/attorney? I will start my job search soon as my time in the Navy has finally nearly come to an end!!
Don’t just hire an “agent”. Hire an attorney, someone who has a legally enforceable duty, plus malpractice coverage, to represent you to the best of their abilities.
What type of attorney? A contract attorney?
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