My medical school tuition was $38k for my final year of medical school. If my professors were making $250k/yr (1) their hourly rate would be $125. With a wrap rate of 25%, my institution's billable cost would be $156.25/hr. For $38K I should get 243 hours, or a bit over 12% of an FTE. Figure I got 1-2 hours a day direct time and 1-2 hours indirect time. We'll say 3 hours a day for 250 work days. But it was often "group therapy" where one faculty member would have 3-5 students and residents at a time. Still, at 1 hour a day, that comes out about even.
(1) Average US physician income: $294k, dragged down by military and public health physicians.
(1) Average US physician income: $294k, dragged down by military and public health physicians.