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Signing bonus?
Started by Zummy
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B
Blade28
I wish!
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Zummy said:
I think this kinda thing usually happens to FPs and community level facilities. Ive never heard of a university program doing that. Although we are getting a relocation bonus.
No sign on bonus but I think the $1000 to help with moving expenses was pretty nice.
I have heard of one in IM from a course director. It essentially boiled down to the hospital rendering to a U.S. student's loans the amount they would have saved by not hiring an FMG. I don't know if it is all worked out yet.
APACHE3 said:
I remember getting several info pamphlets from the Peoria program. Not only a $10K signing bonus, but also moving expenses up to about $1500, not to mention (at the time) $40K salary in a city like Peoria. I think this was for all of their programs: Med, Peds, Surg, FP.
They used to do this when anesthesiology bottomed out as a career choice for medical students in the late '90s. When I was interviewing this year, one program director griped to me about hearing that an Ivy League department at the time was offering $18,000 signing bonuses with a laptop thrown in. As far as I know, they don't do that anymore in anesthesia.
when i interviewed for anesthesia residencies(2002), iwas offered a couple of signing bonuses if i were to match there:
Univ of Mississippi $5000 (i think)
Baylor in Houston $5000
At that time, both of these programs were mostly FMGs and were in some sort of transition with new chairs(or no chairs - Baylor) One guys from my med school matched at one of these places simply because he was offered a sign-on bonus. He was a doosh(sp?) and i didn't surprise me that he sacrificed possibly getting an inferior residency for $5K - but he wasn't the best candidate 🙂
I don't know how these programs are now so I'm not passing any judgement
Univ of Mississippi $5000 (i think)
Baylor in Houston $5000
At that time, both of these programs were mostly FMGs and were in some sort of transition with new chairs(or no chairs - Baylor) One guys from my med school matched at one of these places simply because he was offered a sign-on bonus. He was a doosh(sp?) and i didn't surprise me that he sacrificed possibly getting an inferior residency for $5K - but he wasn't the best candidate 🙂
I don't know how these programs are now so I'm not passing any judgement
The Washington, PA, program throws in the use of a house with all utilities and maintenance included.
http://www.twhresidency.org/public/index.cfm?WebPageID=21&CategoryID=6&TheMenuItem=6
http://www.twhresidency.org/public/index.cfm?WebPageID=21&CategoryID=6&TheMenuItem=6
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The Deaconess Family Medicine program in Evansville, IN, offers a $19,000 housing/relocation bonus in the form of a forgiveness loan.
http://www.deaconess.com/body.cfm?id=234
http://www.deaconess.com/body.cfm?id=234
Stanford gives 3k.
One of the IM programs I applied for (university program in the midwest), offered $15,000 a year in loan forgiveness (i.e. they pay off $15,000 of your student loans for each of the three years of residency). It wasn't enough to get me to go there though.
angel80 said:
I understand. It's not like the money will make a difference for training you will only do once so you want to do it at the right place.
Yes, the money is given to IMG's and AMG's. They give the same stuff to the same year residents.
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Many primary care programs, especially in the Specialty Which Dare Not Speak Its Name, offer a signing bonus. LSU Shreveport is one of these I believe.
