Compensation & Benefits
2024-2025 Compensation and Benefits
Salary
PGY-1 — $63,650
PGY-2 — $65,882
PGY-3 — $68,126
Paid Time Off
Paid Time Off – 21 calendar days
Sick Days – 5 calendar days
Conference – 4 days (PGY2 and PGY3 years)
Educational Sign-on Bonus
$2,500 taxable; distributed annually
Insurance – available for all residents and dependents per hospital policy
- Health
- Dental
- Vision
- Prescription Drug
- Flexible Benefit Spending
- Short Term Disability
- Long Term Disability
- Life Insurance
- Optional Supplemental Insurance
- Professional Liability
Moving Expense Allowance
$1,000 relocation allowance, subject to current tax laws and hospital policy.
Meals
$2,000 annual meal allowance, added to annual salary and paid across 26 pay cycles.
Parking
Free Parking on all Mercy campuses
Recreational Facilities
Free Membership to on-campus fitness center
Additional Benefits
- ACP membership
- Lab coats (2 for 1st academic year, then one per year thereafter, ordered through program)
- BLS and ACLS certification
- Occupational health services
- Maternity/Paternity Leave
- Work/life services and support through LifeMatters®
- Associate Discount Program
- Access to medical library and computerized literature
- Direct payroll deposit
All benefits are effective on the first day of employment.