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acceptable take home salary PGY 1

Discussion in 'Surgery and Surgical Subspecialties' started by surgical06, May 8, 2007.

  1. surgical06

    surgical06 Junior Member 2+ Year Member

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    Apr 17, 2006
    i was just wondering what you all think is an acceptable hourly salary. as a PGY 1, it looks like i'll be making about $10 an hour after taxes (if we go by the 80hr work week), a little over 41K a year before taxes, not including health insurance. I'm kinda pissed about it, especially when you work way over 80hrs a week.

    thanks all
     
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  3. eastcoastyall

    eastcoastyall Wisdom Onslaught 5+ Year Member

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    Feb 17, 2007
    Probably depends on where you are doing your residency. If you're living in a city with a low cost of living, you will be more than fine. If you are in San Fran/Seattle/Chicago/DC/New York/Boston, welcome to a tight budget. From what I saw on the interview trail, $41K is low. I'm making a lot more than you.
     
  4. SocialistMD

    SocialistMD Resident Objectivist 10+ Year Member

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    That's why it's nice to do your residency in the midwest/south. I made ~$41k as an intern and could afford to start paying back my student loans as well as buy a house here in the midwest. The programs in my home state started in the high $30k range, but the cost of living is even lower there.

    Still, point taken; $10/hr isn't very much when you consider you've been in school for 20+ years.
     
  5. Winged Scapula

    Winged Scapula Cougariffic! Staff Member Administrator Physician Faculty Lifetime Donor Classifieds Approved 15+ Year Member

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    A deserved salary would be based on years of education and responsibility the job entails.

    Acceptable means different things to different people. I got a little over $36K/year ( as I recall) when I started as an intern which worked out to be less than $7/hr since we routinely worked 120 hrs or more per week. I now make a little over $57K for about 40 hrs or so per week. Its acceptable, but I would like more. If you live in a place where rents are high, $41 won't go far, but its not an unheard of starting salary for many interns.

    Residency salaries have long been low considering the training,hours and responsibility. But don't tell me that this comes as a suprise. The salaries for residency are fairly well known - at least amongst senior medical students.
     
  6. dpmd

    dpmd Relaxing Physician 10+ Year Member

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    Gotta love the west coast. I'm going to get 36K this year, and even if I had picked one of the places where cost of living is higher (LA, Santa Barbara) I think I would have gotten only 38-40K.
     
  7. Sweet Tea

    Sweet Tea Girl Next Door Physician 10+ Year Member

    I just graduated from the cheapest med school in the country. I'm doing my intern year here, and won't be moving out of the apartment I've lived in for the past 3 years. My cost of living will increase slightly because I'm going to do crazy things like turn on the heat when it's cold and the a/c when it's hot, but overall, my expenses are going to be pretty similar. So that $41K is going to be a HUGE raise for me, especially considering I won't have much time to spend it indulging in travelling, my favorite hobby. First thing: pay down those credit cards that I wracked up on the interview trail.
     
  8. I think the real answer is that "acceptable" is what you chose to rank in the match... The hours are not/were not a secret and the salary is usually not a secret. The other thing to keep in mind is that some would argue you receive a "stipend" as more a student then an employee... it is a gray area... but it is what it is...

    I would encourage you to not start residency "pissed" about getting underpaid for your services. I am certain there will be enough things to get upset about without also believing you are underpaid. I encourage you to focus on the positives that peaked your interest into your program.
     
    Last edited by a moderator: Aug 30, 2008
  9. Dr JPH

    Dr JPH Banned Banned 10+ Year Member

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    True.

    I will be just over $43,000 next year (PGY-1) but I will be staying here in Philadelphia. That doesnt go so far when you consider the cost of living in my area.

    My advice...marry someone with a good paying job so your paycheck can go to paying off student loans! :)
     
  10. Louisville04

    Louisville04 Junior Member 10+ Year Member

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    Isn't some of that time spent on education like noon conference, grand rounds, daily rounding with the attending, learning procedures, etc? Plus when you are on call...sometimes you do get to sleep a few hours.
     
  11. hopefully... that is really the reason you are there...
    Good luck to you in your new challenges, focus on the positives that made you go into surgery and avoid getting distracted... you are a physician but truely still a student (as am I)...
    As a med student you can pay over 20k/yr now as a resident you are being paid 40k/yr to be a student.
    Try to think of it as you are now being paid something to be a student as opposed to continually "going in the red" and paying to be a student.
     
    Last edited by a moderator: Aug 30, 2008
  12. madtowngirl

    madtowngirl Senior Member 10+ Year Member

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    in the hospital
    I second SkyLizard, I'm just stoked to finally be getting paid rather than paying to be at the hospital. I still feel very much like I am a student (I have a lot to learn yet).

    I refuse to try to figure out what my hourly salary would be, because it probably is depressing. Especially when my part-time job during medical school probably paid double or triple, when calculated hourly.
     
  13. hemoccult

    hemoccult Member 10+ Year Member

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    Red Sox Nation
    I think a cool way to start your internship would be to go visit your program director dressed in your customized sequin-laden scrubs and tell them you will not settle for anything less than $60,000/year, a fat signing bonus, a company car, free rectal thermometers, and stock options in :thumbup: surgilube :thumbup:. If they say no, storm out yelling "You'll be hearing from my agent, be-atch!"

    Be happy to be done with med school, successfully matched into a surgery program, and enjoy the fun of intern year. Its sure nice to have money coming in rather than bleeding out boatloads of cash as you do through Med School.
     
  14. MossPoh

    MossPoh Textures intrigue me 7+ Year Member

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    I'm not even in medical school and I know of the salaries. ;) Even though you get paid about as much as a psychology major with a 2.2 gpa just leaving college, it is still leaps and bounds above what it USED to be. My dad is older, and when he did his intern year he HAD to have people help pay...it wasn't enough money to live off of for one person, let alone a wife and 2 kids. I believe he told me it was 45 dollars a month take home... Granted inflation changes things, but that wasn't much back then either, especially when living in NYC. So...things have gotten better, even though I technically make more than you if we go by hourly wage. ;)
     
  15. Winged Scapula

    Winged Scapula Cougariffic! Staff Member Administrator Physician Faculty Lifetime Donor Classifieds Approved 15+ Year Member

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    Give me 6 weeks, just 6 weeks to win that war! ;)
     
  16. Guile

    Guile 1K Member 5+ Year Member

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    Just to clarify--this is as a breast fellow, correct? And it doesn't include moonlighting, right? How much do you make moonlighting?
     
  17. Winged Scapula

    Winged Scapula Cougariffic! Staff Member Administrator Physician Faculty Lifetime Donor Classifieds Approved 15+ Year Member

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    Right. The $57K is my fellowship pay; I make $50/hr moonlighting and do an average of 36 hrs per month.
     

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