Medical residents typically earn $45,000 to $55,000 per year -- more than the average U.S. household.
Residency is the final stage of medical training for most physicians, although fellowship programs that teach sub-specialties may follow resident training. The lengths of residencies vary among physician specialties, and pay rates for resident physicians vary among institutions. Although salaries may vary within a single institution based on specialty, most resident salary levels are within a couple thousand dollars despite specialty area.
Kaiser Permanente
The Kaiser Permanente internal medicine residency program at the Los Angeles Medical Center provides a full benefit package in addition to a salary. Medical and major medical coverage is included, as is dental insurance, at a minimal cost to residents. Six paid holidays and three weeks of paid vacation are offered, and reimbursement is available for many education, testing and licensing costs. Sick leave and disability coverage, malpractice coverage, meals and other incidentals also are included. The base salaries for 2011-2012 are $48,846 for post-graduate year one, or PGY 1. For PGY 2, the salary is $50,556 and the salary is $52,325 for PGY 3. For those residents who perform additional resident training, the salaries are $54,156 for PGY 4, $56,052 for PGY 5 and $58,014 for PGYs 6 and 7.
Johns Hopkins
The Johns Hopkins Hospital in Baltimore offered a PGY 1 salary of $46,663 in 2010-2011 for its emergency medicine residents. For PGY 2, the figure is $48,909 a year, for PGY 3 the salary is $50,957 and the PGY 4 salary is $53,198. Professional memberships and conferences are paid by the hospital. Other benefits include three weeks paid vacation the first year and four weeks thereafter; health, dental, life and disability insurance; maternity and paternity leave; a retirement plan; malpractice insurance; paid meals; and payment for incidental items such as parking fees.
University of California-San Diego
At the UC San Diego Health System's Hillcrest Medical Center, the pay scale in 2010-2011 for internal medicine residents is $48,259 for first-year residents, $50,003 for PGY 2s, $52,069 for third-year students and $54,335 for students during their fourth years. Additional stipends include $500 a year for educational costs, $2,500 per year for housing and $600 a year for licensing fees. Health, dental and vision insurance is provided at no charge, as is a $50,000 life insurance policy. Disability and malpractice insurance is included, four weeks of paid vacation are provided, and meals are available free of charge.
Beth Israel Medical Center
The Newark Beth Israel Medical Center's emergency medicine residency program, during 2009-2010, offered salaries of $43,641 for PGY 1 students, $46,233 for second-year students, $48,852 for PGY 3 students, $51,500 for fourth-year residents, $52,836 for fifth-year students and $54,164 for PGY 6 residents. Part of the Saint Barnabas Health Care System, Newark Beth Israel Medical Center provides a standard insurance and benefits package, as well as a generous leave-of-absence policy that allows residents to take time off for personal, educational, family or child reasons.
Hurley Medical Center
Hurley Medical Center is a 443-bed non-profit, public teaching hospital located in Flint, Mich. The region's only Level 1 trauma center, Hurley is a teaching hospital affiliated with the University of Michigan, Michigan State University, the University of Michigan-Flint, Mott Community College and Henry Ford Health System. It offers resident training in 11 specialties and pays its residents the same salaries regardless of specialty. Base salaries effective January 2010 were $47,046 for first-year students, $48,929 for second-year residents, $51,279 during PGY 3, $54,168 for fourth-year residents and $55,169 during the fifth year. Six sick days a year are provided, and vacation days, personal days and three-day weekends are provided in increasing amounts as residents move through training.
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