Compensation & Benefits
2024-2025 Compensation and Benefits
Salary
PGY-1 — $63,650
PGY-2 — $65,882
PGY-3 — $68,126
PGY-4 — $71,121
PGY-5 — $74,104
Paid Time Off
PGY-1 — 20 vacation days
PGY-2 — 15 vacation days, 5 conference days
PGY-3 — 15 vacation days, 5 conference days
PGY-4 — 15 vacation days, 5 conference days
PGY-5 — 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
- Annual subscription to American College of Surgeons SCORE for all levels of training
- Lab coats (2 for 1st academic year, then one per year thereafter, ordered through program)
- ACLS/BLS, PALS, ATLS certification
- Fundamentals of Surgery Curriculum subscription for PGY1s (American College of Surgeons)
- Essentials of Laparoscopy course for PGY1s
- SAGES Fundamentals of Laparoscopic Surgery exam voucher
- SAGES Fundamentals of Endoscopy Surgery exam voucher
- $1000 stipend for Personal Lead Protection
- 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 the first day of employment