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Stipend and Benefits
Educational stipends: 2023-2024 academic year*
| Level | Annual Stipend Equivalent | Biweekly Amount |
|---|---|---|
| Graduate level 1 (PGY-1) | $67,091 | $2,580 |
| Graduate level 2 (PGY-2) | $69,428 | $2,670 |
| Graduate level 3 (PGY-3) | $72,299 | $2,780 |
*Effective July 1, 2023
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 (20 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
- 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.