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Improving the financial wellness of general surgery residents: A nationwide survey
Katherine He1, Naomi M Sell2, Priyanka Chugh3
1Department of Surgery, Brigham and Women's Hospital, Harvard Medical School, Boston, MA, USA.
Background:
Our study evaluated general surgery resident indebtedness and perspectives on financial compensation.
Methods:
In May 2020, a survey was distributed nationwide by general surgery program directors in the Association of Program Directors in Surgery on a voluntary basis to their residents.
Results:
The survey was completed by 419 general surgery residents. Median salary was $60-65 K and median medical educational debt was $200-250 K. Approximately 61% of residents reported that their financial needs were not met by their income. Most residents (76%) believe that for a fair compensation, their salaries should be 30-50% higher. Proposed interventions for improvement in resident compensation included: overtime payment, redirection of GME funds to the residency programs, and compensating residents for billable services.
Conclusions:
Residents enter training with significant medical educational debt and feel unfairly compensated for their work. Therefore, comprehensive interventions with input from residents are needed to improve their financial well-being.
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