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The fellowship runs for one year and focuses on a specific aspect of psychiatry.<br><br>You will be able to work with various patient populations and in multiple settings in your practice as a psychiatrist. This flexibility lets you change your career goals and lifestyle. Some specialties require that you only do one job at the time. This is not an ideal situation. You can also enjoy an excellent standard of living both during your residency and after graduation. Even weekend and overnight calls are rare.<br><br>Private practice is a necessary element in the evolution of psychotherapy. Although many patients are opposed to treatment for mental illness but the majority of the population views psychiatry as a pseudoscience, at the very minimum. 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