Guest vanquish444 Posted December 1, 2005 Report Share Posted December 1, 2005 this dude from albert einstein told me that one might have to expect to pay 50k USD a year for 6-8 yrs nowadays b4 he/she can earn money is that true? thats like 400k USD!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
Guest Kirsteen Posted December 1, 2005 Report Share Posted December 1, 2005 Hi there, After medical school, residency provides a yearly salary. (Although some Canadian schools provide a small stipend during clerkship.) In Canada, this salary has been negotiated to start at around $42,000, and this increases by about 10% for each year spent in residency. (These salaries vary a bit depending on the province where residency is being completed.) It's only once residency is finished, a professional designation, e.g., Royal College, has been earned, and a post has been secured that the larger paycheques begin. (Unless, in residency you can do a little bit of moonlighting where you can add to your residency salary.) This is how it works in Canada. I assume that the US process is similar although the pay might be a little different. Cheers, Kirsteen Link to comment Share on other sites More sharing options...
Guest vanquish444 Posted December 1, 2005 Report Share Posted December 1, 2005 Thx for the reply Ya, that's what I thought as well but the guy was so sure that students have to pay tuition during their residency and fellowship as well, which doesn't make sense because I have been told that you start to earn salary during your residency. Well, the salary is not a big issue but if you have to pay the same amount of tuition for your 3-8 years in residency... it's gonna be really expensive and it's gonna completely mess up my financial plans...... Link to comment Share on other sites More sharing options...
Guest moo Posted December 2, 2005 Report Share Posted December 2, 2005 You'll earn money during residency. Just not a lot. 40-45k is the norm around the US. Link to comment Share on other sites More sharing options...
Guest vanquish444 Posted December 8, 2005 Report Share Posted December 8, 2005 haha, thats just what i need to know getting 40k is better than paying 50k Link to comment Share on other sites More sharing options...
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