Compensation & Benefits
2023-2024 Compensation and Benefits
Salary
PGY-1 — $61,796
PGY-2 — $63,963
PGY-3 — $66,142
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
Monthly allowance for meals, additional stipend provided for call coverage.
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.