Is the Kenyan Bachelor of Medicine degree a good investment?

Yes, I think that the Kenyan Bachelor of Medicine degree is a good investment.

If you are pursuing a Bachelor of Medicine degree in Kenya under the parallel/module 2 program, and you pay fees of 500k per year, that would be 3 million in the 6 years it nowadays takes to complete a Bachelor of medicine degree in Kenya (500K x 6). So let’s say you spend 3 million on fees, then you allocate personal expenditures of 30k per month for the 72 months it takes to complete the program – so that in the six years, you end up spending 2.16 million: let’s just say 2.2 million [on living expenses, books, traveling, entertainment and so on]. So the total is 5.2 million, namely the 3 million paid in fees, and the 2.2 million used on expenses.

Now upon graduating with a Bachelor of Medicine and Bachelor of Surgery degree, you can reasonably expect to earn around 100k as a minimum. So that would translate into 1.2 million per year. For an investment of 5.2 million, you get a return of 1.2 million. That surely is a good investment! And it also means that within 5 years, you recoup the entire money used to finance the Bachelor of Medicine and Bachelor of Surgery degree. But then as the years progress, your earnings as a doctor are likely to keep on rising, and I reckon that there are some specialist doctors whose earnings are in the 1 million plus level. And the return is not just financial: studying medicine gives you an opportunity to alleviate people’s suffering, to make a real difference in the world and being a doctor earns you a considerable amount of respect wherever you turn.