As interns, you are still paying for post-secondary education? I guess I’m really clueless – I thought interns had already graduated medical school.
Med student graduate in May / June.
Internships / Residencies begin July 1, finish June 30.
So the first year out of med school, your annual salary is around 52k, but you only draw a salary starting in July. The residency might be anywhere from 3 to 7 years, usually, and you get annual raises of around 2-3k.
When you finish your residency or fellowship ( ie post residency training ) your salary will probably be in the high 50’s to low 60k. You then begin your real job in July or maybe August-September, at which point you will be earning your real salary, in the 200k and up range ( up to 1 million, apparently ).
Thanks, AlexxT - we rarely talk to the physicians until they are in their final year or 2 of training and I had completely overlooked how it would stack up in the beginning. So obvious now that you and WWillkie spelled it out!
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