Residents Salary & Debt Report

[Chrisada]

Residents Salary & Debt Report

I'm pretty sure that residents at the same institution get paid the same. Not sure why someone would think OBGYN gets paid less. It's that men tend to specialize more, so obviously make more once they hit the PGY-6 etc.
And I know lots of residents debt free and living quite well because of parents who also paid for everything in Med. School. I'm surprised it's not higher than 25% that are debt free.


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[Vanquisher]

Ah! That makes even more sense, thanks. And my understanding is that all residencies at a particular institution all pay the same no matter what specialty, for each PGY. So, family med and neurosurg both make the same in PGY1 if they're at the same institution. Anyone know for sure if that's the case?

I believe that's true most places, but can't be sure about all.

Further FM has more residencies in small hospitals which may pay less than a big trauma center which has sub specialties. The data, when in the hands of a layperson, and not an iMSNer is going to be all f'ed up.

As far as the 25% having no debt, it shocked the hell out of me too. When I did my study here and on Facebook, I found a similar thing, although maybe not quite 25%.

Military, MD/PhD, inexpensive in-state schools, and foreign medical grads (not Caribbean), often had no debt. This skews the results for those that do have debt and makes the numbers that much higher.

The article fails to take into account any of these factors that are hidden within the system.

[Chrisada]

Residents Salary & Debt Report

I just don't understand this whole salary disparity for residency. They're acting like men and women in the same programs are getting paid differently. Not true. Like Heidi said, another disparity will be rural programs like FM mostly filled by women, with obviously lower compensation. This article is just really poorly written.


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[rain_dancer]

I just don't understand this whole salary disparity for residency. They're acting like men and women in the same programs are getting paid differently. Not true. Like Heidi said, another disparity will be rural programs like FM mostly filled by women, with obviously lower compensation. This article is just really poorly written.


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Agreed. The author obviously doesn't have a true understanding of medical residency.

Anyone have any ideas why the salary for the PNW is $20k higher than the rest of the country? I'm sure it can be explained by some confounding variable, esp since only 4% or so of respondents were from that area, but even if you account for long training, it seems high to me.

[bobk]

I had forgotten that salary is standardized for all specialties at each institution. That being the case, why does radiology average almost $10k more than ob/gyn? They're both four year residencies.

[Chrisada]

Well who responded and were they all from the same institutions? I can't find that info. There could be many reasons. Maybe more radiologists who responded were in areas of higher compensation.


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[SoonerTexan]

And my understanding is that all residencies at a particular institution all pay the same no matter what specialty, for each PGY. So, family med and neurosurg both make the same in PGY1 if they're at the same institution. Anyone know for sure if that's the case?

Here the pay between radiology and internal medicine is pretty close (within a couple $100), but not exactly the same.

That being the case, why does radiology average almost $10k more than ob/gyn? They're both four year residencies.

Radiology is 5 years--4 years of rads, but you start in a prelim year.

[Chrisada]

Or maybe some respondents were also including moonlighting money. Who knows. DH made a lot in residency because of moonlighting.


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[poky]

I had forgotten that salary is standardized for all specialties at each institution. That being the case, why does radiology average almost $10k more than ob/gyn? They're both four year residencies.

My guess is that of those that responded, the radiology residents were later in training on average and/or at higher-paying institutions than the ob-gyn residents. There were only about 100 responses in each of those specialties; wouldn't take much difference to throw the numbers off.

[bobk]

My guess is that of those that responded, the radiology residents were later in training on average and/or at higher-paying institutions than the ob-gyn residents. There were only about 100 responses in each of those specialties; wouldn't take much difference to throw the numbers off.

Thanks, that makes sense. I guess those salary figures are fairly meaningless, as the overall disparity isn't that great and there are many factors that would skew them one way or the other.

[TulipsAndSunscreen]

At Dh's institution all PGYs of the same year make the same amount regardless of specialty. So longer residencies would skew it. Additionally, there are some hospitals that have certain residencies and not others - for example, not every place has all the surgical residencies but most have IM/FM. So, that would make the average salaries at those places lower since the residents don't ever get that many years in as their residencies end and they move into fellowships.

[ladymoreta]

I just assumed they were accounting for moonlighting, or maybe programs where moonlighting is built into the program.

[alotofyarn]

I wasn't thinking - forgot about the fixed stipends per institution. In that case, my guess is that all of the results, both disparity by gender and by specialty, are skewed by number of PGYs (suggesting that women are less likely to go into specialties with longer training).

[diggitydot]

Anyone have any ideas why the salary for the PNW is $20k higher than the rest of the country? I'm sure it can be explained by some confounding variable, esp since only 4% or so of respondents were from that area, but even if you account for long training, it seems high to me.

1.) There aren't a lot of residencies compared to others regions of the same size, so that skews the results.

2.) What residencies there are tend to be in high COL areas.

[spaz]

We didn't have debt because of big academic scholarships for both of us and parents paying the rest. We lived off of the residency salary and saved my entire teacher's salary for the five years of residency. Then I stayed home and had kids when he started practice. We've always been savers.