The purpose of this study was to analyze what Physician values are perceived by medical students. The subject was 572 medical students in May and June 2017, questions on Physician Values in Practice Scale (PVIPS), doctor as an occupation, and as to whether they would re-enter medical university if they were given the option again, were researched. The research results showed that medical students recognized their physician values in the following order: ‘management’, ‘prestige’, ‘lifestyle’, ‘service’, and ‘scholarly pursuits’. Even under the circumstance in which there is no issue of livelihood maintenance, the study identified that the number of those who would again opt for an occupation as a doctor(79.9%) if they were given an option to choose was higher than that of those who responded otherwise(20.1%). Those who opted again to become a doctor as their occupation placed more emphasis on ‘lifestyle’ than those who did not. Furthermore, it was observed that the more the value on ‘autonomy’ and ‘lifestyle’ is, the higher is the probability of the students re-opting to become doctors. If they were given a choice to select their field of study at a university again, the number of those who would re-enter a medical school turned out(91.6%) to be higher than those who would not(8.4%). It was also noted that the students who wished to re-enter medical university placed more value on ‘autonomy’ and less value on ‘service’ than those who would not. The implications elicited from the research results are that students’ awareness of their physician values should take precedence for career orientation, training, and education for specialty career paths, and that it would be necessary to provide students with educational programs to equip them with physician values and work ethics as a doctor.