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I was talking with a fellow resident about this today and wanted other perspectives. I did read the thread on it from 2007, didn't know if any other opinions were out there.
Pros
1. Looks good for fellowship applications. I am not sure how good it looks. I feel it probably wont make a difference for job applications though. I would be very surprised if they would hire one candidate over another with equal qualifications simply because 15 years ago they did a chief residency year.
2. Gives you another year to figure out what you want to do if you are unsure.
Cons
1. It is a nightmare scheduling and dealing with everyone's problems in the program.
2. Financially it is not worth it. At my program we are not allowed to moonlight, even as a chief. The chief gets 3 or 4 thousand more than a third year resident for salary. This is another year before you are making an attending salary. Additionally, its only year your loans are not being paid back at the full monthly rate if you are doing income based repayment. As a result the interest accruing is likely more than your monthly payments putting you further into debt. So financially, not worth it.
Any other thoughts. I am thinking of doing PICU, which, based onthe NRMP data from last year there are 0.8 applicants per position, but I obviously would want to go to the best program possible. Thanks
Pros
1. Looks good for fellowship applications. I am not sure how good it looks. I feel it probably wont make a difference for job applications though. I would be very surprised if they would hire one candidate over another with equal qualifications simply because 15 years ago they did a chief residency year.
2. Gives you another year to figure out what you want to do if you are unsure.
Cons
1. It is a nightmare scheduling and dealing with everyone's problems in the program.
2. Financially it is not worth it. At my program we are not allowed to moonlight, even as a chief. The chief gets 3 or 4 thousand more than a third year resident for salary. This is another year before you are making an attending salary. Additionally, its only year your loans are not being paid back at the full monthly rate if you are doing income based repayment. As a result the interest accruing is likely more than your monthly payments putting you further into debt. So financially, not worth it.
Any other thoughts. I am thinking of doing PICU, which, based onthe NRMP data from last year there are 0.8 applicants per position, but I obviously would want to go to the best program possible. Thanks