do u get paid during residency

[Steve19]

hello !...I'm trying to help my cousin to get into M.D school..but she got few questions....Do u get paid during residency ? , and is it true that u get paid only $6.00 to &7.00 hr during the residency time ??......

and no , she is not into MD for the money...but she's curious on how she gonna end up paying for her loan !!

Thanx!!

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[4424]

hello !...I'm trying to help my cousin to get into M.D school..but she got few questions....Do u get paid during residency ? , and is it true that u get paid only $6.00 to &7.00 hr during the residency time ??......

and no , she is not into MD for the money...but she's curious on how she gonna end up paying for her loan !!

Thanx!!

Yes you get paid. It depends on each hospital, you get paid roughly 38,000-45,000. You can figure out the hours depending on the specialty.

You usually defer your loans until after residency.

 

[deleted87716]

hello !...I'm trying to help my cousin to get into M.D school..but she got few questions....Do u get paid during residency ? , and is it true that u get paid only $6.00 to &7.00 hr during the residency time ??......

and no , she is not into MD for the money...but she's curious on how she gonna end up paying for her loan !!

Thanx!!

If you do the math, $40K per year works out to around $10.42 per hour, assuming you work 48 80-hour weeks per year. Kinda depressing to think of it that way, but it's not quite as low as you've heard.

Practically everyone I know has deferred their loans until after residency.

 

[shorrin]

I am the proud recipient of 9 dollars and 12 cents per hour. Long gone are the days of earning 45 bucks/hour.... EIC here I come. (heh heh).

 

[PhillyBoyInTN]

pray for a chance at moonlighting.

 

[OSUdoc08]

disregard

 

[Trillgirl]

Hey, I'm only making $9.32 per hour. And that is before taxes and assuming we don't go over the 80-hour work week (which we do, all the time).

I don't want to think about what my take home pay really is. Ouch.

 

[deleted87716]

I made $13.00 an hour and worked 36-48 hours a week.

I made about $40,000. I think you might be doing your math wrong.

Nope...$40,000 per year / 48 weeks per year / 80 hours per week (assuming your residency works you as much as they legally can) = $10.42 per hour (rounding up to the nearest cent).

Obviously, if you work less hours, you make more per hour.

 

[dobonedoc]

Work one 12 or 24 hour shift at a small community ER, and bring home an extra $700 - $1200 easy. Sure it sucks making nine bucks and some change per hour (can't take a date to McDonald's on less than $10) during residency, but the big picture is very nice. Moonlight once or twice, and you'll feel better about the situation.

When I do get down about my average hourly income, I remind myself that I work in a climate controlled environment, surrounded by free food, doing the work I actually enjoy. Contrast that to digging a ditch somewhere, or sitting in a board-meeting, or kissing someone's ass (boss, client, inspector, or whoever), or freezing in the winter, or sweating to death in the summer, or having to feed the vending machine in the basement for a Coke; all of this makes me realize that though our hours are long, our work really is not that hard.

 

[GammaRay]

Work one 12 or 24 hour shift at a small community ER, and bring home an extra $700 - $1200 easy. Sure it sucks making nine bucks and some change per hour (can't take a date to McDonald's on less than $10) during residency, but the big picture is very nice. Moonlight once or twice, and you'll feel better about the situation.

When I do get down about my average hourly income, I remind myself that I work in a climate controlled environment, surrounded by free food, doing the work I actually enjoy. Contrast that to digging a ditch somewhere, or sitting in a board-meeting, or kissing someone's ass (boss, client, inspector, or whoever), or freezing in the winter, or sweating to death in the summer, or having to feed the vending machine in the basement for a Coke; all of this makes me realize that though our hours are long, our work really is not that hard.

Kudos... very well put!

 

[Nocturnius]

Ah, I'm glad someone asked this question! I was wondering the same thing.

Honestly, I don't see the big deal with "only" making average 40k a year during residency. That's more than what my dad makes in his career (he specializes in fixing technical problems with hospital, police department and fire department computers by "dialing in" [read: legally hacking].) And keep in mind that after your residency, you'll be making considerably more.

And at least they pay you. I thought they didn't. (Yikes, can you imagine? Some surgeons have five-year residencies; that would be awful!)

 

[Gut Shot]

And at least they pay you. I thought they didn't. (Yikes, can you imagine? Some surgeons have five-year residencies; that would be awful!)

All surgeons have five-year residencies... minimum.

 

[cicatrix]

I figure that I make about $11/hr.

I made $13.00 an hour and worked 36-48 hours a week.

I made about $40,000. I think you might be doing your math wrong.

You're kidding, right? Your math is the one that doesn't work out at all.

$13 x 48 hrs/week= $624/week (at the weekly max # of hours you listed)
$624 x 52 weeks (assuming absolutely no time off in a year) = $32,448/year

a calculator is your friend and checking yourself before posting a smartass remark at other SDNers would be wise.

 

[OSUdoc08]

I figure that I make about $11/hr.





You're kidding, right? Your math is the one that doesn't work out at all.

$13 x 48 hrs/week= $624/week (at the weekly max # of hours you listed)
$624 x 52 weeks (assuming absolutely no time off in a year) = $32,448/year

a calculator is your friend and checking yourself before posting a smartass remark at other SDNers would be wise.

Greater than 40 hours a week = overtime (time and a half). I got at least 8 hours of overtime every pay period (that doesn't include when I picked up an extra shift.)

Save the insults for yourself.

 

[bob sacamano]

I made $13.00 an hour and worked 36-48 hours a week.

I made about $40,000. I think you might be doing your math wrong.

you're still in school, how are you giving figures regarding how much you made in residency?

 

[OSUdoc08]

you're still in school, how are you giving figures regarding how much you made in residency?

This is how much I made as a paramedic.

 

[bob sacamano]

This is how much I made as a paramedic.

hence the discrepancy. the op was asking about $/hr when in a salaried position with variable hours, while you're quoting figures from a job with fixed $/hr plus overtime. apples and oranges.

 

[OSUdoc08]

hence the discrepancy. the op was asking about $/hr when in a salaried position with variable hours, while you're quoting figures from a job with fixed $/hr plus overtime. apples and oranges.

Both are fruit.

 

[Faebinder]

Ya but who pays you back for those years of your youth spent over books, eating ramen noodles and trying not to commit suicide from the stress....
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Just kiddin... it's worth it (or so I tell myself).

 

[Insomniac8o8]

All surgeons have five-year residencies... minimum.

I always find it funny when people complain that surgeons, especially those who specialize, make a rediculous amount of money. What many people fail to realize is that these surgeons are required to endure residencies years of 5-7+ years, while making enough just enough to get by in most cases. Once residency is completed, many surgeons earn considerable incomes in the 300k-500k range. For the time/money sacrificed in training I believe their salaries are reasonable, especially when compared to other specialties.

 

[cicatrix]

Greater than 40 hours a week = overtime (time and a half). I got at least 8 hours of overtime every pay period (that doesn't include when I picked up an extra shift.)

Save the insults for yourself.

Apparently you didn't try the calculator. 🙄

If you got 8 hrs/week of overtime and worked overtime every single week of the year without any vacation:

$13 x 40 hrs/week x 52 weeks = $27040
plus
$19.5/ hr of overtime x 8 hrs/week x 52 weeks =$8112


$27040 + $ 8112 = $35152

Still a good chunk away from the $40K/year you claimed to make working for $13/hr for 36-48 hrs a week. I'm guessing you didn't work 52 weeks/year and you already acknowledged that you didn't always work 48 hrs/week, so I even overestimated it.

The thing is someone asked about resident pay per hour, the question was answered, YOU'RE the one who jumped in just to tell a practicing physician that their math was wrong even though it was correct. Don't be so defensive: just take the time to double check your info before you go off telling someone else they were wrong.

 

[8744]

Ah, I'm glad someone asked this question! I was wondering the same thing.

Honestly, I don't see the big deal with "only" making average 40k a year during residency. That's more than what my dad makes in his career (he specializes in fixing technical problems with hospital, police department and fire department computers by "dialing in" [read: legally hacking].) And keep in mind that after your residency, you'll be making considerably more.

And at least they pay you. I thought they didn't. (Yikes, can you imagine? Some surgeons have five-year residencies; that would be awful!)

My, how your opinion will change once you start your residency. Especially if you have a family.

Now, I'm not complaining. The pay is what it is and as long as medical training is a seller's market with plenty of warm bodies willing to go into debt and work for peanuts the salaries will stay low. But don't tell us how we should be thrilled to be working for what a senior greeter at Walmart makes.

 

[OSUdoc08]

Apparently you didn't try the calculator. 🙄

If you got 8 hrs/week of overtime and worked overtime every single week of the year without any vacation:

$13 x 40 hrs/week x 52 weeks = $27040
plus
$19.5/ hr of overtime x 8 hrs/week x 52 weeks =$8112


$27040 + $ 8112 = $35152

Still a good chunk away from the $40K/year you claimed to make working for $13/hr for 36-48 hrs a week. I'm guessing you didn't work 52 weeks/year and you already acknowledged that you didn't always work 48 hrs/week, so I even overestimated it.

The thing is someone asked about resident pay per hour, the question was answered, YOU'RE the one who jumped in just to tell a practicing physician that their math was wrong even though it was correct. Don't be so defensive: just take the time to double check your info before you go off telling someone else they were wrong.

The particular answer I was responding to was discussing yearly pay in general, and not specifically referring to residency.

 

[deleted87716]

The particular answer I was responding to was discussing yearly pay in general, and not specifically referring to residency.

Um...no. The post you responded to (with quotes) was mine, and the post I responded to was the OP's (below).

This (and the subject of the entire thread) was the original question:

Do u get paid during residency ? , and is it true that u get paid only $6.00 to &7.00 hr during the residency time ?

Seems pretty straightforward to me. 🙄

 

[Nerdoscience]

Dang, the vibe of this thread is tense.

Anyway, since we ARE talking about residency, wouldn't factoring in overtime make your base hourly wage way LESS? Roughly, if you worked 80 hours a week, and still only got 40,000 a year, and got time and a half for all time over 40 hours, your base wage would be less than 7 dollars.

 

[OSUdoc08]

Um...no. The post you responded to (with quotes) was mine, and the post I responded to was the OP's (below).

This (and the subject of the entire thread) was the original question:


Seems pretty straightforward to me. 🙄

You'll want to look again. A different post (not the one you referred to) is quoted in my response....

Either way, it's time to move on...

 

[AlternateSome1]

You'll want to look again. A different post (not the one you referred to) is quoted in my response....

Either way, it's time to move on...

KentW was entirely correct in his/her post. This is the second time (in this thread 🙄 ) you have tried to correct someone whom was right.

 

[cicatrix]

The particular answer I was responding to was discussing yearly pay in general, and not specifically referring to residency.

Gee, that was a total nonsequitor to my response. I was only pointing out that your original statement (below) doesn't mathmatically work. It doesn't matter if your $13/hr is coming from residency pay or other employment, your assertion of making about $40K at $13/hr working 36-48 hrs/week still doesn't work.

I made $13.00 an hour and worked 36-48 hours a week.

I made about $40,000. I think you might be doing your math wrong.

 

[OSUdoc08]

Gee, that was a total nonsequitor to my response. I was only pointing out that your original statement (below) doesn't mathmatically work. It doesn't matter if your $13/hr is coming from residency pay or other employment, your assertion of making about $40K at $13/hr working 36-48 hrs/week still doesn't work.

There's overtime. However, it is a moot point. Move on.

 

[cicatrix]

There's overtime. However, it is a moot point. Move on.

I don't know why I bother because you obviously don't actually read posts. I already addressed overtime. Once again since you didn't get it.

If you got 8 hrs/week of overtime and worked overtime every single week of the year without any vacation:

$13 x 40 hrs/week x 52 weeks = $27040
plus
$19.5/ hr of overtime x 8 hrs/week x 52 weeks =$8112


$27040 + $ 8112 = $35152

Still a good chunk away from the $40K/year you claimed to make working for $13/hr for 36-48 hrs a week. I'm guessing you didn't work 52 weeks/year and you already acknowledged that you didn't always work 48 hrs/week, so I even overestimated it.

I apologize to the OP for diverging from the original question, but I just think that if someone (OSUdoc08 in this case) is going to go around accusing other people of being wrong, he should be held accountable for his own erroneous posts.

 

[OSUdoc08]

I don't know why I bother because you obviously don't actually read posts. I already addressed overtime. Once again since you didn't get it.



I apologize to the OP for diverging from the original question, but I just think that if someone (OSUdoc08 in this case) is going to go around accusing other people of being wrong, he should be held accountable for his own erroneous posts.

Get a life.

 

[pamd]

....seriously, who cares.