WASHINGTON (NNS) — The Navy announced today in NAVADMIN 186/16 that officers’ full-length photographs will no longer be displayed during promotion selection or administrative boards, starting with the Active-Duty O-8 selection board in the fall of 2016.
After a review, it was determined that removing photos, which do not provide significant value to the selection board process, will lessen an administrative burden. Officers will still be required to have a current full-length photo as part of their official personnel record.
“During selection boards, hundreds of records are reviewed in a short period of time by board members,” said Chief of Naval Personnel Vice Adm. Robert Burke. “By enacting this change, it is our belief that we will help selection board members more closely focus their attention on the entirety of Sailors’ documented performance records.”
Additionally, officers’ records fully capture physical fitness assessment and body composition metrics.
Here is an Excel file with all the stats:
And here are the tables:
|FY17 MC LCDR SELECTIONS BY ZONE|
|# OF PEOPLE||# SELECTED||% SELECTED|
|FY17 MEDICAL CORPS LIEUTENANT COMMANDER SELECTION BY SUBSPECIALTY|
|SELECTION OPPORTUNITY 100 %|
|# IZ||#SEL IZ||% SELECT IZ||# AZ||#SEL AZ||% SELECT AZ||# BZ||#SEL BZ||% SEL BZ|
We are all required to get continuing medical education or CME. Just as important, however, is continuing financial education (CFE). I’m as busy as the next guy, but I am able to stay reasonably up to date on all aspects of personal finance that are relevant to my situation. Thanks to podcasts, blogs, RSS readers, Facebook, and good old fashioned books, it is easy to stay up to date. Here are some resources I recommend:
- Jonathan Clements Money Guide 2016 and his annual updates. Mr. Clements was a personal finance columnist for The Wall Street Journal, has written many financial books, and has a stellar reputation. He offers solid, no-nonsense advice and covers every topic I can imagine in this guide. Since he updates the book annually, reading it is a guaranteed way to keep up to date on personal finance. In addition, he has a blog at JonathanClements.com that you can follow, and a Facebook site as well.
- The White Coat Investor. This website is free and contains a wealth of information on personal finance topics. Founded by a physician, this site is specific to high-income professionals and often focuses on physicians. There are usually three posts per week, and you can follow on Facebook, e-mail, RSS reader, or by manually checking the blog. If you have questions on any aspect of personal finance, you can probably find a physician-focused answer on this site.
- Vanguard. The Vanguard blog and Investment Commentary podcast focus on the low-cost, passive, index fund investing that have made Vanguard the king of investment companies. The blog is an excellent source of contemporary investment information and current market trends. The podcasts occur monthly and are usually less than 15 minutes in length, making them easily digestible by busy physicians.
- Wealthfront Blog. Written by Burton Malkiel, acclaimed author of A Random Walk Down Wall Street, and other well respected financial writers, this blog is an excellent source of investing information. As you might imagine, the posts tend to focus on the benefits of utilizing Wealthfront’s robo-advisor service, but even if you don’t invest with Wealthfront the information discussed is universally applicable, especially if you invest passively with index funds.
- Mr. Money Mustache. There is an entire early retirement culture online, of which many physicians are unaware. If you have an interest in early retirement, you’ll love this website and the story of Pete (Mr. Money Mustache), a software engineer who retired in his thirties. It is filled with investing information, as well as practical advice on how to save money in everyday life. The site has an anti-consumerism, pro-Earth bent and Mr. Money Mustache is a strong proponent of using a bicycle instead of driving a car, even in the dead of winter. He will show you that retiring early and controlling your spending doesn’t have to lead to unhappiness. In fact, he’ll probably convince you that the less you own the happier you’ll be.
- Money for the Rest of Us. This podcast is hosted by a former investment manager. He does an excellent job of reviewing personal finance and economics topics in shows that are usually about 30 minutes in length. He offers additional content to those that join his “hub,” and like most money managers he thinks he can invest on the “leading edge” of the market. In other words, he thinks he can predict the future and is a little too slanted towards active management for me. That said, however, the shows are well done and extensively researched, and very entertaining with high-quality audio. Even though I don’t agree with active management, many of the topics he discusses are excellent food for thought.
If you regularly utilize these six sources of financial information, it will be easy for you to stay up to date on your CFE.
BLUF: Please take this 5-minute survey to assess attitudes regarding billet assignments among Medical Corps officers. The results will be used to improve the Detailing process:
BACKGROUND: Billets are assigned by the Detailer after negotiation with members and Specialty Leaders. In an effort to improve this process, the Navy is considering a detailing marketplace similar to the civilian national residency match program. In this scenario, members consider all available billets, and commands consider all available members. After a period of time where both parties communicate with each other, rank lists are submitted. An algorithm generates billet matches using the rank lists.
As a pilot project, FY-17 Emergency Medicine billets will be assigned using this mechanism. We will use the results of this survey to improve future detailing policy. The results will be briefed to leadership and will be made public.
BUMED has posted a video of Mr. William Marin from BUMED Special Pays discussing the new consolidated special pays. The slide deck is here:
The link to the video on MilSuite is here:
You have to be registered on MilSuite to view it.
As best as I can tell with the blog stats that WordPress provides, the Promo Prep Document has been downloaded at least 1931 times in just over 1 year. The number is probably higher because people share it via e-mail or download old versions from other places like the PERS website or MilSuite (the most current version is always on this page). Now that the Medical Corps promotion boards are finished for FY17, it is time for people to start preparing for the FY18 promotion boards!
I constantly update the Promo Prep Document, usually only with updated stats or changes in e-mail addresses, but I am about to give it a complete read through and update. If you have any suggestions please use the Contact Me tab and let me know things you’d like to see changed, added, subtracted, or more fully explained. Thanks for reading!
Here is a PDF of the FY17 Medical Corps LCDR promotion board statistics, summarized here:
Above Zone – 3 of 7 eligible officers selected – 43% selection rate
In Zone – 219 of 249 eligible officers selected – 88% selection rate
Below Zone – 24 of 503 eligible officers selected – 5%
OVERALL – 246 officers selected out of 249 possible – 99%
The last line might not make much sense, so let me explain it. First, the according to page 2 of the board convening order the promotion opportunity was 100%. You take the number of officers in zone (249 in this case) and multiply it by the promotion opportunity (100% in this case) to give you the number of officers the board can select for promotion (249). The 99% overall selection rate incorporates the 3 they selected from above zone and the 24 they took from below zone and adds them to the 219 they took from in zone giving you 246 out of 249 possible or 99%.