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How much do Residents get paid and what are the hours like? How long do they last?
$45,000-50,000, for hours and more definitive pay go to FREIDA through the AAMC site.
Generally between 40-50k. It does vary like what was said above, and you're pay goes up as you gain more years. Theoretically this should be enough to live on, especially considering that a large portion of your time is spent working in the hospital, but if you talk to many residents, it rarely is enough.
salary: 40-50K
Hours: by law you cannot work more than 24 straight hours and you cannot work more than 80 hours per week now (some programs I'm sure break these laws by at least a little).
salary: 40-50K
Hours: by law you cannot work more than 24 straight hours and you cannot work more than 80 hours per week now (some programs I'm sure break these laws by at least a little).
80 hrs/week X 52 weeks/year = 4,160 hours/year
50,000 dollars/ 4,160 hours = $12.02/hour and that is assuming top pay and maximum hours.
No matter how you look at it you aren't getting paid much.
salary: 40-50K
Hours: by law you cannot work more than 24 straight hours and you cannot work more than 80 hours per week now (some programs I'm sure break these laws by at least a little).
80 hrs/week X 52 weeks/year = 4,160 hours/year
50,000 dollars/ 4,160 hours = $12.02/hour and that is assuming top pay and maximum hours.
No matter how you look at it you aren't getting paid much.
salary: 40-50K
Hours: by law you cannot work more than 24 straight hours and you cannot work more than 80 hours per week now (some programs I'm sure break these laws by at least a little).
80 hrs/week X 52 weeks/year = 4,160 hours/year
50,000 dollars/ 4,160 hours = $12.02/hour and that is assuming top pay and maximum hours.
No matter how you look at it you aren't getting paid much.
how much do residents get laid?
cause the answer is 0.
man, I did this based on Grey's Anatomy. If I don't get a piece at least once every other on call night I will be so dissapointed
How much do Residents get paid and what are the hours like? How long do they last?
only have to take out +$130,000 to get loans deferred until after residency? sweet cause i'm looking at around $265,000 worth of IOUs by the time this is all said and done (private school in NY living off campus in manhattan 3rd and 4th year getting dual MD/MPH)
Generally between 40-50k. It does vary like what was said above, and you're pay goes up as you gain more years. Theoretically this should be enough to live on, especially considering that a large portion of your time is spent working in the hospital, but if you talk to many residents, it rarely is enough.
How much do Residents get paid and what are the hours like? How long do they last?
Dear Pre-med or Medical Student,
We at the International Brotherhood of Taco and Salsa Workers have fought long and hard for the working conditions of Taco Assemblers, Gordita Stuffers, and all those who labor in the Tex-Mex fast food industry and after years of successful lobbying in Congress are happy to report to the membership that our salaries and benefits are at an all-time high, exceeding, on an hourly basis, even those of some doctors, particularly General Surgery Residents.
In fact, when you look at pay, hours, working conditions, and respect an exciting career in the Taco industry just makes sense. Consider this:
We know you'll make the decision that's best for you and your family but when you do, please consider membership in the IBTSW. Come move the meat with the nation's fastest growing service union.
- Interesting work with a variety of challenges.
- Close interaction with the public.
- Plenty of procedures. (Frymaster operation, Chalupa systems, "Sour Cream Gun," to name a few).
- Shift work.
- No call, ever.
- Respect from your employer enforced through OSHA and various state labor laws.
- Early exposure to foodborne illnesses, their diagnosis, and public health implications.
- Early exposue to "restaurant" Spanish.
- Competitive pay and benefits with overtime and holidays.
Sincerely,
Juan Guadaloupe y Garcia
Vice-President for Public Relations
International Brotherhood of Taco and Salsa Workers
For T.H.E. loans, you are allowed to defer for the following reasons:Deferment of loans of loans during residency is not as easy as it sounds. In fact, it's very tough for a lot of people unless they take out over 130 K in loans. You'll get by... but don't expect to start saving for your yacht.
For T.H.E. loans, you are allowed to defer for the following reasons:
1)When you are enrolled at least half-time in a course of study at an eligible school
2)When you are unemployed
3)When the ratio of your income to your monthly payment meets a certain threshold. (This deferment is common when fulfilling a residency requirement.) But to know whether you meet the correct threshold, you have to pass the two tests in the following link:
https://www.theloanprogram.org/tlc/Calculators/HardshipCalc.aspx
Whether I pass the threshold or not, I would rather try to start paying the loan off during residency. I just hate the idea of interest compound and compound and then being capitalized after my residency. There are plenty of American families that live on $25K a year.
For T.H.E. loans, you are allowed to defer for the following reasons:
1)When you are enrolled at least half-time in a course of study at an eligible school
2)When you are unemployed
3)When the ratio of your income to your monthly payment meets a certain threshold. (This deferment is common when fulfilling a residency requirement.) But to know whether you meet the correct threshold, you have to pass the two tests in the following link:
https://www.theloanprogram.org/tlc/Calculators/HardshipCalc.aspx
Whether I pass the threshold or not, I would rather try to start paying the loan off during residency. I just hate the idea of interest compound and compound and then being capitalized after my residency. There are plenty of American families that live on $25K a year.
I have a related question... I was wondering about pay and hours during fellowships if you choose to do one. I'm sure there is variability by specialty and geographical region, but I'm just looking for ballpark estimates. Thanks!
Ofcourse, especially if you don't mind living with rats and roaches.
people who claim that isn't enough money are whiners...plain and simple. i live in chicago and the majority of my working friends (myself included) started out with entry-level business jobs paying $25-$30k and had no problems paying rent and other expenses, paying undergrad loan payments and still having a social life. it's not an ideal salary compared to a physician's salary, but the pay during residency, especially considering meal allowances are generally given, is plenty fair pay and plenty of money to live on.
The real world works on a free market system, so this is anything but preparation for the real world. Seeing how a resident should be paid per hour at least as much as a nurse, and many of them work twice as much as a nurse, they would be making well over $100K as a resident.just think of it as experience for the real world
Mmmmm... Peanut Butter and Jelly... mmmm...<snip jaded rant> I could buy a years worth of peanut butter sandwiches and chips for $500 and pocket the rest. <snip jaded rant>
Mmmm...I take offense to that. My family hit a rough patch a few years ago in which my parents were living on around 15K/year. We are a family of 4, and we received no governmental assistance during the time. It is possible, as long as you don't live in an expensive area of the country (I'm thinking NY or California). Sure, there were no luxuries but there were no rats and roaches. It was (barely) enough to pay for bills and food.
I figure if my parents can make that work for a family of 4, I should have no trouble living on 40K/year as a childless single person.
Now, whether the 40K/year is a fair salary for the work we are expected to do is another story....
just think of it as experience for the real world
Mmmmm... Peanut Butter and Jelly... mmmm...
LOL panda, did you just get off call, or just get your last paycheck?! You don't sound too happy.Idiot. In the real world a Hospitalist doing the exact same thing I do while on call makes anywhere from $120 to $180 per hour. A Critical Care Physician working in the ICU can make more than that and usually works shifts that are, if anything, better than we have in Emergency Medicine.
Additionally, with the exception of my beloved Marine Corps, I have never worked at a job in the so-called "real world" where I was expected to go without sleep and work 70+ hours per week for two years straight with no extra compensation whatsoever.
All of you pre-meds (even though this is your forum) may now, with respect, close yer' stinking cake holes until you get a little taste of our wonderful system of medical education.
I am on a hair-trigger on this topic
people who claim that isn't enough money are whiners...plain and simple. i live in chicago and the majority of my working friends (myself included) started out with entry-level business jobs paying $25-$30k and had no problems paying rent and other expenses, paying undergrad loan payments and still having a social life. it's not an ideal salary compared to a physician's salary, but the pay during residency, especially considering meal allowances are generally given, is plenty fair pay and plenty of money to live on.
LOL panda, did you just get off call, or just get your last paycheck?! You don't sound too happy.
Well unfortunatley for some of us living in expensive areas, even with a 40K salary, you will still have to live with some unwanted roommates(rats and roaches). Let alone 25K.
Well look, I am on a medicine month working for a service with minimal teaching and maximal labor. Last weekend I had call on Friday and Sunday which means, for those of you who don't know how it works:
Friday 630AM until Saturday 10AM: 27.5 Hours Sleep: 0 hours
Sunday 0730AM until Monday 11AM: 27.5 Hours Sleep: 0 hours
For a total of 55 Hours in Three days. I was physically ill when I got home on Saturday morning. Didn't really recover and was "ill-er" on Monday morning.
I had call on Tuesday of that week (read about it on my blog, the lastest article) and this week I have Thursday-Saturday Call which will be the same hours.
As I say on my blog, "call" is a misnomer. It's not call but "work" and the regular work day is a vacation compared to "call."
Awww...poor Panda boo.
**Gives Panda a bear hug**
Just as long as you don't charge me for it.
I can't believe you can't live on 40K. Isn't the median American household income something along 50K lines? Plenty of FAMILIES across the country live on 40K per year.