RESIDENCY SALARIES in United States

Resident = Bottom of the doc food chain ? ;-)

"Residency" and "Fellowships" in the USA are both a type of "Graduate Medical Education" - while Medical school would be classified as Undergraduate.

The 2008 Mean Annual Pre-Tax stipends in United States for a MD Resident (also called house-staff) from any specialty were as follows:

• 1st Year (PGY1 / Intern ): $46,000
  


• 2nd Year (PGY2): $48,000
  


• 3rd Year (PGY3): $50,000
  


• 4th Year (PGY4): $52,000/-


• 5th Year (PGY5): $54,100/-
  
  
• 6th Year (PGY6): $56,500/-

Note: These are means based on a national survey by the AAMC - the actual figures can vary by $3,000 to $4000 on either side of the mean, an at times more.

(Residencies like Internal medicine and Family Practice have a duration of three years, Neurology & Pathology is four years while General Surgery is usually 5 years, Neurosurgery 6 years.)


Chief Residents may or may not receive an additional stipend of $2000/- to $3500/- a year (not a rule), and sometimes may include a promise of getting into their fellowship programs


Note: Some places may even offer more depending on the cost of living - such as New York. Kingsbrook Jewish Medical Center is known to offer the highest residency salaries and here's the latest figures on the website:

PGY1 = $51,514.00
PGY2 = $56,137.00
PGY3 = $61,597.00
PGY4 = $63,209.00
PGY5 = $65,234.00


But then again, a Resident has some good perks & benefits - like most programs provide free food to residents while on duty, free laundry for their coats and free parking spaces...besides health insurance. As a sample, have a look at the Internal Medicine residency compensation and benefits at the Mayo Clinical college of Medicine, Arizona. Here's another example - Pathology residency and Fellowship Salaries at Baystate - Tufts Pathology Residency Program.Here's another sample look at salaries and benefits at Carle Foundation family Practice Residency


Lot of banks too open up to residents, providing zero-down payment loans for buying houses !



Q. Do Residency Salary Levels depend on the Specialty ?

No - Usually Residents of all specialties at a given institution receive the same salary levels, which rather depend on the year (i.e. PY1, 2, 3 or 4) . Salary levels may vary from one institution to another and often vary from state to state, as per living costs.

Q. Is there a difference in residency salaries of MD and DO (Doctor of Osteopathy) candidates ?

A. No, all are paid the same - MD (Americans and IMGs) and DO candidates

It is good to know that Residency Salaries and in fact for all Graduate Medical Education (GME) in the USA is paid for by mainly by Medicare and partly through state-level Medicaid funds, both of which are derived from tax-payers money in the US


Recently, the Centers for Medicare and Medicaid Services (CMS) have proposed a new payment structure for Residency pays to Hospitals hosting Residency Programs, Click Here to Read.


Residency Work Hours & Lifestyle - Most of the specialties are Hectic ! the most rigorous years of a physicians life - the 80-hour per week work limits now imposed on a resident have bought some sanity, but that limit is often transcended under the demands of patient care. Generally speaking, University Programs and University-Affiliated residency programs are more saner to work in as compared to the more busy community programs.

Related Reads about Residency Lifestyles:

Read this great article on the inside look of Ob-Gyn residents.

Here's a sample schedule for a day in the life of a Pediatrics Resident

Click Here for a sample day schedule of an Internal medicine Resident

Click Here : Day in the life of a first year pediatrics Resident

Click Here : Day in the life of a Neurology Resident


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Also Read:

- Fellowship Salaries in USA
- IMG Friendly Residency Programs
- Applying for Residency : Tips-N-Tricks
- 400-plus Residency Interview Experiences

- Are Residents & Fellows Underpaid in the USA?
- The AAMC Survey Report on Housestaff Stipends across USA
- Residency Salaries In Canada
- Surgery Resident who became Shoe-Designer
- Senior House Officer (SHO) Salaries in Europe (Senior Resident)



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