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Stipend and Benefits

Educational stipends: 2022-2023 academic year*

LevelAnnual Stipend EquivalentBiweekly Amount
Graduate level 1 (PGY-1) $64,595 $2,484
Graduate level 2 (PGY-2) $66,423 $2,555
Graduate level 3 (PGY-3) $68,402 $2,631

*Effective July 22, 2022

Benefits

  • Health insurance and prescription coverage*
  • Dental and vision insurance*
  • Long term disability insurance*
  • Life insurance
  • Vested credit for defined benefit pension plan
  • Tax-deferred voluntary savings plan (medical and dependent care flexible spending accounts)*
  • Malpractice insurance
  • Summary of Trainee Compensation and Benefits: Time Off Plans
    • Vacation (15 working days a year)
    • Up to eight days for employment/fellowship interviews
    • Trip days and funds for presentations and conference attendance
    • Short term disability
    • Paid parental leave (up to 10 days) - applies to both parents, in addition to the six weeks of short-term disability benefits for birthing parent
  • All meals while on duty
  • Resident's family eats free when resident is on night/weekend call
  • Free parking
  • Annual residency retreat
  • Annual resident outing
  • Monthly resident wellness activities
  • Residency pays for license and DEA fees, ACLS, NRP, PALS, and ALSO courses

*These benefits are voluntary and/or require a premium/contribution paid by the resident. All other benefits are provided by Mayo Clinic Health System.