Resident Stipend Question

[rxfudd]

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Just a quick question for how the salary progression works as a resident. When a program gives you the salaries for each PGY level on interview day, does that tell you what you will make each year you are in the program, or will your PGY-dependent salary increase with each annual revision? I know that sounds very confusing, here's an example

A program lists a salary for, say, the 2005-2006 year as:
PGY-1 $40,000
PGY-2 $41,000
PGY-3 $42,000

And then for 2006-2007, the salary increases by 1K:
PGY-1 $41,000
PGY-2 $42,000
PGY-3 $43,000

And for 2007-2008 again by 1K:
PGY-1 $42,000
PGY-2 $43,000
PGY-3 $44,000

Would someone starting in 2005 make 40K, then 41K, and then 42K? Or would they make 40K, then 42K, and then 44K?

Sorry if this wasn't so clear, I'll try to clarify if necessary.

 

[monkey7247]

Just a quick question for how the salary progression works as a resident. When a program gives you the salaries for each PGY level on interview day, does that tell you what you will make each year you are in the program, or will your PGY-dependent salary increase with each annual revision? I know that sounds very confusing, here's an example

A program lists a salary for, say, the 2005-2006 year as:
PGY-1 $40,000
PGY-2 $41,000
PGY-3 $42,000

And then for 2006-2007, the salary increases by 1K:
PGY-1 $41,000
PGY-2 $42,000
PGY-3 $43,000

And for 2007-2008 again by 1K:
PGY-1 $42,000
PGY-2 $43,000
PGY-3 $44,000

Would someone starting in 2005 make 40K, then 41K, and then 42K? Or would they make 40K, then 42K, and then 44K?

Sorry if this wasn't so clear, I'll try to clarify if necessary.

PGY1-40, PGY2-42, PGY3-44 from the numbers you posted. Hope that helps.

 

[southerndoc]

Most residencies give an extra $500-1500 for each successive post-graduate year. They also add 1-3% annually to the salary to compensate for increased costs of living.