Internal Medicine Residency Salary and Benefits

As a premier city of the United States, Chicago uniquely combines a world-class living environment and neighborhood diversity, with charm and congeniality in the great Midwest heartland tradition. Our competitive and comprehensive benefit package includes health, life, disability and liability insurance, stipends for meals on call, study/conference time, on-site child care and paid time off.


Salary

Salaries are reviewed on an annual basis and adjusted accordingly. 

  Year of Training    

    Annual Salary 2019-2020  

  First Year     $54,966 
  Second Year     $57,341 
  Third Year     $59,499 

On-Call Meal Allowance - $150 per month

  • Reduced membership to Galter LifeCenter 

Continued Medical Education

  • CME Allowance: PGY 1 and PGY 2 $1000 , PGY3 $2000 
    • Plus five paid educational days
  • 24-hour access to Medical Library
  • Simulation training at Midwestern University

Paid Time Off (PTO)

Paid Time Off (PTO) is an employee benefit that combines vacation, holiday and sick leave programs into one plan. Residents may take up to 20 days PTO per year. The Department of Medical Education must approve the period during which vacation and leaves may be taken. Residents may not take more than five days PTO per block. 

Insurance

The following insurance plans are available for both single and family coverage on a contributory basis:

  • Medical Insurance (PPO & HMO Plans)
  • Dental Insurance
  • Life Insurance
  • Short Term & Long Term Disability Insurance
  • Medical Liability Insurance
  • Flexible Spending Accounts (Health Care Spending Account, Dependent Care Spending Account, Transit/Parking Spending Account)
  • Retirement Savings Plan
  • Employee Assistance Program
Professional Liability Insurance is provided by the hospital.

Certifications

Basic Life Support and Advanced Cardiac Life Support Certifications are offered during orientation week.

Lab Coats/Scrubs

Two lab coats and one pair of scrubs are initially provided to each resident, and one additional lab coat per year thereafter.

Parking

Residents are allowed to park free of charge in the hospital parking garage.

Child Care

The Child Care Center is on-site and open to residents. Residents should contact the Center directly to arrange their child care needs at 773-907-1008 or visit the Child Care Center page.

Library

The Stromberg Health Science Library, managed by a medical librarian, is home to current text books and journal collections that are updated on a regular basis. The library has institutional access to Internet and on-site CD-ROMs for Medicine, CINAHL, Cancer lit and Up-to-Date searches. The library is accessible to medical staff on a 24-hour basis.

Residents also have access to Midwestern University’s online library resources
 

Contact Us 

If you have any questions or need additional information, please contact the Medical Education office at 773-989-3808 or meded@SwedishCovenant.org.