The Stanford Graduate Medical Education (GME) program is one of the most prestigious and competitive programs in the United States. As a resident or fellow at Stanford, one can expect a comprehensive compensation package that includes a salary, benefits, and other forms of support. In this article, we will provide a detailed breakdown of the Stanford GME salary and benefits package.
Stanford GME Salary Structure
The Stanford GME salary structure is based on the National Resident Matching Program (NRMP) scale, which is used by most residency programs in the United States. The salary scale is divided into several levels, each corresponding to a specific year of training. The current salary scale for Stanford GME residents and fellows is as follows:
| Year of Training | Annual Salary |
|---|---|
| PGY-1 (Intern) | $63,941 |
| PGY-2 | $65,942 |
| PGY-3 | $68,053 |
| PGY-4 | $70,274 |
| PGY-5 | $72,573 |
| PGY-6 | $74,922 |
| PGY-7 | $77,321 |
Additional Forms of Compensation
In addition to the base salary, Stanford GME residents and fellows are also eligible for several other forms of compensation, including:
- Moonlighting: Stanford GME residents and fellows are allowed to engage in moonlighting activities, which can provide additional income. Moonlighting is defined as any work that is performed outside of the regular residency or fellowship program.
- Shift pay: Residents and fellows who work evening or night shifts may be eligible for shift pay, which is a premium paid for working non-traditional hours.
- Bonus pay: Stanford GME residents and fellows may be eligible for bonus pay for meeting certain performance metrics or for participating in specific programs or initiatives.
Benefits Package
The Stanford GME benefits package is comprehensive and includes a range of benefits, including:
Medical, dental, and vision insurance: Stanford GME residents and fellows are eligible for medical, dental, and vision insurance, which is provided through the university's benefits program.
Retirement plan: Stanford GME residents and fellows are eligible to participate in the university's retirement plan, which includes a matching contribution from the university.
Life insurance: Stanford GME residents and fellows are eligible for life insurance, which is provided through the university's benefits program.
Disability insurance: Stanford GME residents and fellows are eligible for disability insurance, which is provided through the university's benefits program.
Wellness and Support Programs
Stanford GME also offers a range of wellness and support programs, including:
- Mental health support: Stanford GME residents and fellows have access to mental health support services, including counseling and therapy.
- Wellness programs: Stanford GME offers a range of wellness programs, including fitness classes, meditation, and stress management.
- Parental leave: Stanford GME residents and fellows are eligible for parental leave, which provides paid time off for new parents.
Cost of Living in the San Francisco Bay Area
The San Francisco Bay Area, where Stanford is located, has a high cost of living. The cost of living in the Bay Area is approximately 50% higher than the national average. However, the Stanford GME salary and benefits package is designed to help offset the high cost of living in the area.
Here are some examples of typical expenses in the Bay Area:
| Expense | Cost |
|---|---|
| Rent (1-bedroom apartment) | $3,000 - $4,000 per month |
| Food (groceries) | $1,000 - $1,500 per month |
| Transportation (car payment, insurance, gas) | $500 - $1,000 per month |
| Health insurance (individual plan) | $300 - $500 per month |
What is the average salary for a resident at Stanford GME?
+The average salary for a resident at Stanford GME is around 65,000 - 70,000 per year, depending on the year of training.
What benefits are included in the Stanford GME benefits package?
+The Stanford GME benefits package includes medical, dental, and vision insurance, retirement plan, life insurance, disability insurance, and wellness and support programs.
How does the cost of living in the San Francisco Bay Area affect the Stanford GME salary and benefits package?
+The high cost of living in the San Francisco Bay Area is taken into account when determining the Stanford GME salary and benefits package. The package is designed to help offset the high cost of living in the area.
