There's definitely no direst correlation between length of residency and salary. Though more specialized people tend to get paid more and tend to go through longer training (esp. w/ fellowships).
Emergency Medicine can be done in three years at many programs. Many people do Internal Medicine and then go on to do fellowships in infectious diseases, endocrinology, and the like that have little effect on their earnings powers. Other IM people will do the same length of fellowhsip in areas like cardiology or gastroenterology and double their salary in the process. In general, the longer residencies pay more and are associated with more prestige, but there is definitely a lot of variation.
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