residency salaries

Started by ilovepath
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ilovepath

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There was a time-frame when most residency salaries in the US jumped from mid to high 30s to mid to high 40s. I believe this jump occured in the late 90s to early 00's. Is that correct?
 
Well I think the jump has been above inflation. Depending on the program following the trend completely or not I think there was a spectrum of 5k to 10k jump in terms of salaries over the past decade-ish.
 
so far all intents and purposes, salaries have risen by 1K/year since 1970. I doubt you'd see any other profession with that type of increase for trainees.
Still I'd take an extra grand/year, especially in this economic climate.
 
rachmoninov3 said:
so far all intents and purposes, salaries have risen by 1K/year since 1970. I doubt you'd see any other profession with that type of increase for trainees.
Still I'd take an extra grand/year, especially in this economic climate.
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Most other fields don't accumulate the debt load that we do.... and endure 3-9 years of indentured servitude before making the real cheese..
 
Increasing residency salaries by 1k/year means nothing when you have to deal with increasing cost of living, gas/food price, and student loans.

I just had my student loan meeting and it's pretty depressing to know that I'm in a deep hole (avg student loan in my school ~150,000) and heading into internal medicine..sigh! At least, I'm guaranteed a job after graduation. I feel real bad for those folks fresh out of college that are unable to find jobs.
 
yes quite low...

I'm at 240k including undergrad and undergrad was only 10k because of scholarship. (which would have been about 60-90k undergrad) I went to the "best ha ha" carib school who also charged (not so funny) the most (they gave me a small scholarship as well). I may have to be a slave to the bank the rest of my life... (probably not; I am cheap!) but I when I wake up in the morning I smile... 🙂 and as many of you may well understand...
 
yeah sgu is insane..its like 11 semesters or something...i think i did the math and pure tuition alone is well into 200s.

discodoctor said:
yes quite low...

I'm at 240k including undergrad and undergrad was only 10k because of scholarship. (which would have been about 60-90k undergrad) I went to the "best ha ha" carib school who also charged (not so funny) the most (they gave me a small scholarship as well). I may have to be a slave to the bank the rest of my life... (probably not; I am cheap!) but I when I wake up in the morning I smile... 🙂 and as many of you may well understand...
Click to expand...
 
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