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I searched around a bit for this, but didn't come up with anything. I read that a resident averages $30,000/yr and I was wondering if that was correct? What sort of numbers have you guys heard/seen?
Also, pay is usually matched well with the region that the school is in. This keeps people from using immediate salary as a recruiting tool.
Not to hijack the thread, but why shouldn't salary be used as a recruiting tool? Salary is a big factor in recruiting for other industries with the best companies willing to pay up for the best people. It just seems so anticompetitive the way you say it.
Sometimes it is. An M4 friend of mine interviewed at an OB program that encouraged and paid generously for in-house moonlighting ($1000 a shift, or about $60/hr) for PGY-2's and above. The PD told him it's not uncommon for some residents to pull in closer to $75K than 40K. But most programs recruit using other factors, like call schedule, vacation time, night float, etc.
Not to hijack the thread, but why shouldn't salary be used as a recruiting tool? Salary is a big factor in recruiting for other industries with the best companies willing to pay up for the best people. It just seems so anticompetitive the way you say it.
The PD told him it's not uncommon for some residents to pull in closer to $75K than 40K.
I heard it is 6.50/hr. You can get extra cash from moonlighting(the 'moon' part of the word might be right on, seeing as all you are doing really is, pulling down your pants and showing lawyers your ass).
Agree with Panda on this one. Residents I've seen start at something in the $35-45k range and it goes up a few grand a year. Nobody makes close to $75k on straight salary. There is some moonlighting to be had (and you can always pawn the unconscious patients' watches and jewelry ), but don't expect residency to be lucrative years, just living wage years.