Compensation & Benefits
2024-2025 Compensation and Benefits
Salary
PGY-1 — $63,650
PGY-2 — $65,882
PGY-3 — $68,126
PGY-4 — $71,121
Paid Time Off
PGY-1, 3, 4 — 20 vacation days
PGY-2 — 15 vacation days, 5 conference days
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
- Membership in professional organizations
- Lab coats (2 for 1st academic year, the one per year thereafter, ordered through program)
- ACLS/BLS, NRP and NCC certification
- Occupational health services
- Maternity/Paternity Leave
- Work/life services and support through Spring Health®
- Associate Discount Program
- Access to medical library and computerized literature
- Direct payroll deposit
- Tax-deferred annuities
*All benefits are effective the first day of employment