The 24th annual review of medical school finances, prepared by the Division of Operational Studies of the Association of American Medical Colleges (AAMC), is intended to reflect, through financial analysis of revenues and expenditures, the secular trends in medical education in the United States. Some sense of the growth in the enterprise during the 24-year interval from 1958-1959 to 1982-1983 may be gleaned from an examination of a few of its dimensions shown in Table 1. The number of schools has increased, candidates for both professional and academic doctorates have doubled and tripled, respectively, and the population of postdoctoral students has mushroomed. Full-time faculty has increased more than fivefold during this period. Expenditures for virtually all of the education, research, and service programs have expanded ten-to 20-fold or more. All in all, the epoch covered by this time series has been one of extraordinary growth.
Background—Data Sources and Characteristics