How Much Money Doctors Make in USA During Residency | My Salary, Work Life Balance & Benefits
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- เผยแพร่เมื่อ 13 มิ.ย. 2024
- Let's talk about the Salary Of Doctors in USA during Residency Training. All the data shown is backed by the Medscape Residents Salary & Debt Report. We will also go over extra benefits such as Education Stipend, Moonlighting, Retreats, Holidays and Work Life Balance.
If you enjoyed this video, you would surely have fun watching this one:
The Salary Of Attending Doctors in USA (2022) | Specialty, Locums and Moonlighting
• The Salary Of Doctors ...
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My name is Manik Madaan, and I am currently an incoming PGY-1 Resident Doctor in USA 🇺🇸. I truly feel honored to teach and learn from medical students and grads all across the globe. This channel is dedicated to humans all across the world. I appreciate you stopping by & really really hope I've won your subscription, regards and love 💖.
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M.M.
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Hey Congrats man!
I was following your videos when I was applying to med school and they were super engaging during the whole app process!
Good to see you have landed a residency.
I just love people who speak about money and salary with transparence i never saw doing that the way you did thanks ❤️❤️❤️
Manik you are an angel.I am following you from your very ist video.And what I realised that the content you share nobody has ever shared this much information on TH-cam regarding USMLE.And because of this I'm sure that soon you'll get your 1 million subscribers because u are very genuine person.
Best of luck for ur residency bro
Let me know in the comments if you have any doubts or questions. Also please don't forget to smash the like button and subscribe incase you enjoyed this one 😎.
Next one to Watch: The Salary Of Attending Doctors in USA (2022) - th-cam.com/video/ZZIhBZEnnW0/w-d-xo.html
I heard that there is around 30% tax for pgy pay, does the money you mentioned in the video as a whole comes to hand doctor ? What about taxes ?
its pretax. I can only comment about taxes once I get my first paycheck which will come out taxed.
Understood doc! Waiting for your future updates 🩺
@@manikmadaan with the new ECFMG criteria coming from 2024…..the Nmc hasn’t yet applied for WFME recognition? Do you think it’s gonna be a problem later for Indian graduates to give the USMLE?
@@nameeraahmad was wondering the same thing
Thanks for the effort to put some economic info out for the viewers. The personal satisfaction information is also helpful.
you are truly gifted regarding explaining, keep going Dr.
Excellent, thorough and as comprehensive as you could have made it in a 20 min video!! Well done!!
Hi Manik , Please make a video about filing taxes in near future - will be very helpful considering most of the imgs will have to do it by themselves .
You're an inspiration Manik. Keep shining!
this Video definitely gave me the ''let me get to my books'' thanks your videos are definitely useful.
time to pick up Robbins and Harrison
Thank you so much once again for such an informative video i didnt know many of these things eventhough ive been researching residency in America for a while
Congrats on your residency and your move to PA. This is a very useful, relevant, and to-the-point video. It is not just some handwaving, it is real stuff with real numbers and calculations. Thanks. Keep up the good work. Your videos are really helping all IMGs worldwide form opinions and make better-informed decisions.
Hi manik, I heard that there’s gonna be taxation and after tax the amt we get paid decreases is this the salary you get after taxation or before?
Thank You for these amazing videos. If you could make a video on J1 vs H1B visa that would be helpful. Thank You.
Thanks plenty Manik for this extremely comprehensive and well presented video
I LOVE YOUR STRIGHTFORWARD RIGHT TO THE POINT , GREAT VIDEO, THANK YOU SO MUCH
Bro you are a great resource!
Great job Sir.very informative❤❤❤
Nice video Manik! Informative and well presented.
Though I am S/W engineer I enjoyed your video about residency. Thank you for sharing !!
To be honest thanks to youtube for recommending you like one year ago i had all my doubts cleared about usmle beacuse of you
Congratulations, Good luck to you in your medical profession.
Things have changed a lot for residents for the better when compared to 30 yrs ago.
Thanks for the update.
Thanks bhaiya! Keep uploading video, this one is really helpful...
Good luck to you and many years of practicing in medicine with care and humanity for all.
Thank you for your services.
Nice job explaining the situation. I am not an aspiring student but enjoyed your video. I am an engineer and working with government. I live in NYC for long time. You mentioned all information regarding nyc situation are perfectly correct. Keep it up . We might bump into each other if God wishes !!!!😊
Hi, I have a doubt...
The salaries explained in this vedio, has tax been deducted from these salaries already? or will we have to pay tax from the 60000 - 75000 we make..?
Can you please do a video on Visa procedure and setting down in the US after residency program things like can you take your family in the US etc?
Thank you so much for the video, it is very rich and informative. it shines light on the real life there in the hospital. i would love to be connected with people preparing for USMLE 1 test.
NICEEEE !!!!! LOOK AT YOU AMIGO !!!! CONGRATS !
Hi sir, your videos are truely remarkable. It would be great if you Please make a video on the visa process, J1 H1b, which one is better and on which visa are you, also elaborate on what the current issues going with the citizenship and H1b visa sponsorship.
"According to the FDA,US doctors kill 1.1M Americans/year" from the book the LETHAL dose by Dr. Jennifer Daniels. So far they have killed over 50 million Americans. Life expectancy in USA is the same as in 3rd world countries such as Cuba, Lebanon. Barbados, Panama etc. Age 78
Totally trust especially meal part because I know in India what kind of meal usually available in hospitals for any doctor👍
Wonderful.
I can't wait to work there in times to come
Kai!
This is a really really good presentation … clear and comprehensive 👍👍👍😊
Just one more awesome video. I chose hands on by the way. I am staying over here until december and rotating in surgery, ER medicine, pediatrics and Neuro, there will another ER rotation at the end which is great because I am just not sure if I will like that, I was a little in doubt about taking neuro here, but I did that over Psychiatry, crossing y fingers now. I am staying here 6 months to minimize costs, and I can't jeopardize my LORS. Thanks for your help!
Excellent video which actually helped Juniors to plan even well for Residency in US.
Honestly put forth all economical and working hours facts. Which will help in making decisions about taking a USMLE. Specially girls.
Thank you.
Nice to meet you Manik👍👍 this is Dhara from Chicago USA …liked the all the detail you’ve provided about Doctors’ residency work life and salary and all the details 👏👏👍👍👍🇮🇳🇺🇸
Could you break each and every step down in an elaborate video or start a series showing each and every single step of USMLE from scratch as in registration to each tiny detail that you covered. It will help a lot thanks!
yes a series would be perfect👍👍
Please do
Yes please
yesss please
Yes sir
Good video, the best decision I made as a RN nurse was to create a side hustle for extra income streams. It has really helped me and my family financially stable.
Great stuff, how did you go about that please enlighten me, I'm interested
@@user-qg7og5pl3v I made a couple of investments but my investment in forex and crypto has been yielding good profits and I don't think of stopping anytime soon.
Stock, Forex, Crypto Currency, Real Estate, Hedge Funds and ETFs are good investments as well 😊
@@tinamanuel2305 I'd like to learn more about forex, I've made research but I still get confused at some point, what do you suggest.? Really looking into investing for a long time now. Can you share how you started your investment, type of investments and how you are earning from it please
Nice one 👏
Excellent explanation. Well done.
Rasheed from Hyderabad, India.
It was a nice video, thanks for it!
Amazing as always!
I have a question about the new 2024 ecfmg rules. If I take my step 1 b4 2024 coz I'm a 2nd yr med student right now, will I be eligible for ecfmg certification afterwards? If the NMC doesn't get accredited?
Hi! This is Sampriti. I'm also in 2nd yr of med school and preparing for STEP 1. Do you want to join me for preparation?
Excellent video Manik. I’m not from the fraternity, I’m a senior citizen in India but found this very informative. It’s great that the opportunities and the salaries are so satisfactory. Conditions back home are pathetic.
Pathetic would be an over exaggeration I'd say
Just coz you or yours aren't capable of making money in a growing economy, doesn't make the conditions at home pathetic.
INDIA IS HELL HOLE FOR HONEST
it's is not up to the standard of west but it is nowhere pathetic especially when the healthcare sector is growing with rapid rate in semi urban areas, you don't represent the whole fraternity, there are challenges and we deals with them to get better and make better remembering that we started from scratch after independencr
Thank you bro, good break down of everything
well explained and informative , thank you
Please make a video on the new ecfmg 2024 accreditation policy and how it affects IMGs starting mbbs in 2024 or later. Is it possible to give usmle after completing mbbs in case the mci gets accredited later?
One thing you're missing about your salary is that there is an inflation adjustment each year on top of the increase in salary for your PGY level. The listed salaries are for the 2022-2023 year only. So for your PGY2 year you won't make $65,696 but more likely around $67,000 or so.
@Kannan Muthuraja year.
@@ZA-xt4gr that doesn't differ much . In USA 1500 USD increament per year is peanut 🥜
@@PranayBrajabashi why are you crying in every comment section ? You’re not even a doctor
Lol being a doctor is less worth it each year. Computer bros making 100k+ out of undergrad with no stress
@@scholaroftheworldalternatehist it's not all about the money
Very informative for aspirants. Covered almost all aspects. Thank you.
Very good info for students attending medical schools.
Hello sir. Could you please guide students who are studying in new colleges and are from the first batch. How to plan everything because the college has no ECFMG certification. What can be done to speed up the process a little so we don't lose another year.
Adapt to a lifestyle, be thrifty, set a budget, save money, and make investments to live within your means. I benefited from this as a six-figure income. With this strategy, my retirement savings have increased by almost $1 million.
Minimalism totally changed the way I spend money. I really question the value of anything I am buying and whether I want this item in my house. There are many questions I ask myself and so impulse spending doesn't happen anymore. I love living a minimal life where I either love or need everything I own.
Our financial way of life absolutely needs to be blown up, but at the same time, people also need to be more responsible. I know for a fact that there's a lot of people that simply don't make enough money. I make roughly 100K a year and in California, rent prices alone eat up almost 3/4 of what I make.
Throw in dependents, and other financial obligations and it's easy to end up in the negative.
I am not living paycheck to paycheck but am feeling the squeeze from higher food, utilities & gasoline. I looked at my budget constantly & finally realized that I was paying too much for cable, internet & home phone & cell phones. It is a pain to have to renegotiate yearly but really saves money. I have really been spending a lot less discretionary income & creating revenue for more interest, Luckily for me my coach Frost Hilda has been using every opportunity to ensure I benefit from each turn the market trend takes. Best be prepared for what the future will be bring..
I use to be like this when I was younger, now I'm way better with money. I'm just not impressed with a lot of material items anymore. Having a budget and having patience is something I had to practice overtime.
Nice aurooj I did my look online and got he’s profile socials, found he’s a coach and well established in the field. Speaking with him really change my view on interest diversity.
I was just about to comment on your previous video to make a video on this topic ✨️✨️✨️
Much needed video . Thanku for this .
Extremely useful as always 👌
In which year of mbbs should we write usmle if we are studying mbbs from abroad ?
Good information about the profession. Keep on sending videos 👍. Thanks 👍
Hai.
Good presentation.
Helpful to the aspirants.
All salient points covered.
J.Krishnamohan
What is the best time to give first attempt of the usmle after qualifying neet ug?
Is the residency salary almost same for internal medicine and pathology?
I am expecting that type of vedio 🔥 👍 you make it thanx manik ☺️
A Nurse Practitioner ( NP ) gets $ 120 k to $160k per year and a PhysicianAssistant ( PA ) too gets same range of salary in New York State . Resident Doctors have to practice under a board certified Doctor . After the completion of their residency they can get board certification. Board certified Doctors are well paid in USA ....A board certified Doctor's salary in New York is
$232 k to $302 k per year ...
I am a bums Dr have good knowledge of allopathy medicine working a emo for 15 years, is I have any oparrtunity in gulf countries
Bro pls...make video what should be strategy for mbbs 2 nd year student
....i mean how they should prepare...for step1
Hello Manik
I recently applied for my B1/B2 visa in India but couldn’t book any appointment slots as for now consular operations have been suspended. There is no clear info on when it’s going to start again and my visit to US is strictly time limited as I’m pushing for my clinical rotations.
Here to seek help on this. What should be done if I wants to travel to states soon for rotations?
In fb live US consulate said that, for B1/B2 first time applicants interview slots will be available from September 2022.
They are going to begin from september for b1/b2
Most awaited video....
Thank you dr.manik sir . waiting for more videos.
immensely knowledgeable video!
Could you please interview someone from India who matched into radiology?
Great valuable vedio but make vedio on from start how to get in in residency programs n what exams have to clear to get in residency programs...n about the expenditure through it..???
My like for your hardwork behind the scene
I was a Medical Technologist. With a degree in Medical Technology and double minor chemistry and biology. After 4.5 years college education and degree and 25 years plus experience I averaging at least half this. About $45,000.00 per year I was not a doctor or a nurse. A nurse with only about 4 years experience could possibly be making about $55,000 to $65.000 per year at my institution. And with more experience possibly more. Ultra sound tech can make $56.000 to $86,000 per year and many of these only have associates degree the high paid specialized may have full 4 year degree.
SIMPLE DEMAND AND SUPPLY
Manik plz tell us abt the condition in which if we get past all the exams and didn't match due to interviews so what should be done and will the results of all the steps be valid for next year and only interviews shall be held ? Plz lmk
sure
OMG, thanks for information about md residency salary. This si struggling at the end of the residency and passed exams in the future.. You will be making money and compensate with your hard working job in the hospital. Good luck and Congratulation for being a MD in the USA
Great content man very Helpful
Hi dear, hope you are doing well, i am from 2002 batch of MBBS, I wanted to ask you like I cleared NEET pg in 2 attempts as I touched the book after 12 years gap, with rank 26000. Taking MD derma in low fees private college this year. Do you think I can pass USMLE, in sense of difficulty level.
Which college?
What Visa are you finally going on for residency?
Inspiration for young doctors 💖💖💖💖
This is helpful thank u !!!
Welcome to Penn State!
I met two doctors, an internal med and pediatric doctor and what they told me is that Dentist make more money than doctors. Which I agree , cause they are my cousins patients.
Depends, but dentists have hella debt worse than medical school, some as high as half a million. Without interest.
Higher paying specialities could ultimately make more, than a dentists like derm, surgery, ophthalmology
@@jakd2962 specialist pay more liability insurance just so you know . Medical owes more debt because of the length of time they are in school unlike regular dentist.
congratulations on your residency 👍wish me luck for my US doctor journey 🙏🏻
Informative.Thank you.stay blessed
Sir you said for usmle preparation it will cost u around 14 lakhs in before videos,if we didn't qualify for residency,then this much money will be wasted??what alternate we can do to qualify in US residency??
It will be wasted.. sad fact
@@goodmimosa8040 😭😨
Please do a video on guiding old grads ( >5yr post graduation )
Great Video Bhaiya!
Created a good awareness. Thank you
If you are getting into residency, just prepare your mind to work for 16-18 hours a day. Period. For a mother, it’s totally losing out the most precious time/ ages of your kids. It’s heartbreaking!! You are NEVER going to get back those ages!!! And 17$/ hr ???? That’s absolutely disgusting 🤮 I can’t imagine someone can live a decent life with that salary in Bay Area.
Biden just anounced a pay increase, it will be around $300/- per hr;40 hr week, so be about $642,000/- yearly wtih other benefits of cource!!!
It is residency, ( (training program) there are enough graduates waiting to get in.I f you dont have what it takes, look for a different proffession.
medicine is not for mothers.
@@TheSunshinefee AAand definitely NOT for you either. But unfortunately for YOU...there are more female Doctors, Surgeons, consultants than male....
@@berty1422 where? they might have finished their education but when it comes to having a practice they lack ambition and perseverance.
@@TheSunshinefee how to survive in USA with 4k USD per month?
Hi dr thanks for the video its very informative for me i am masters in optomtry i am trying for job there currently i am in MOH kuwait having experience about 10 yrs after PG . Do you suggest me any easy way to get job there ❤️
Dr Sameer how I can get jobs in moh kuait in gynae
nice video. please make a video on after residency salary, benefit etc.
Well explained👍
Hi. Can you do a video on why you chose psych as your specialty? Like it's benefits and downsides? Thanks
Where are u from?
It has similar salary but it’s work hours are less so you have more of a work life balance
There are fewer emergencies fewer midnight calls to attend a private patient later in the ER so fsmiñy life balance is better..same with dermatologists or nuclear mediciine...radiologic treatment of cancer is daytime regulalr y scheduled.
@@latinaalma1947 psych has no calls or emergencies
@@latinaalma1947 neither does derma
After doing mbbs, we should do house job and fcps part 1 first in order to apply for usmle. Or after mbbs instead of house job and fcps part 1 can we apply?
For usmle you only need mbbs degree . Not housejob / fcps part1 .
For plab you need to complete your 1 year of housejob in order to apply for GMC registration .
@@thebosslady6029 Hey I wanted to ask what is equivalence of MBBS in USA
And can I start working in USA after I finish my MBBS in a country outside US
Taking medical school is must or Undergraduate studies are suffient if I am studying in US
Are there any scholarships for international students in US medical school
Any other necessary information that I have missed also share that
I shall be waiting for your response
Very good. I am very happy for you!!
Very nicely presented
Wish you all the best
Brother it'd be so helpful if you make videos explaining your every steps and terms terms used in USMLE (like I've heard we've to go for maybe clinical rotations during mbbs..i don't know about it much... don't know visa process and all...) Wanna pursue it badly but I'm nowhere near understanding and analysing it..
Right now it is not needed u need not go there
It was actually replaced by oet
@@minimedschool okay..What about medical College, is it like your college must be affiliated by ecfmg or something?? Or is it like any student pursuing MBBS in any medical College can attempt USMLE‽‽
hello guys if you are facing difficult with the USMLE exam inbox me
@@Its_Yash0702 it has to be registered in ecfmg
Wow the pay for residency is very low. Software engineering masters Folks make 200k+ (base + stock + bonus) right out of school. (2 years of master)
5 year experienced engineers (seniors) make anywhere from 250k- 450k.
Vaoo 250000$ dollars to 450000$ per year!!!! Ammazingggg
Is there a difference between software engineer and normal engineers
Such an elobarative video! Best wishes, one of these years once become a surgeon you will make $300-500K/ year for all this hardwork
manik always the best .
God bless u
Sir, please make a video on the whole process of USMLE 3 steps; how to prepare for each and every step; the cost it will incur; and the minimum time one can do all the three steps in, should one get fully committed to it.
Yes please
Also it will be so so so so helpful, if you can help Juniors by suggesting , what they should do in their UG's and what they should do to improve their skills, what extra they can do, so that they will get an extra edge on preparation of Usmle and a pathway to study in well reputed institute in US.!
absolutely
Thanks a lot and lot sir.! Expecting it eagerly! ❤️
@@manikmadaan I'm 2nd year MBBS Student in PHILIPPINES. I want to clear USMLE exam, so I necessary to complete Internship in PHILIPPINES ? Love you Sir ! ❤
@@tirthkumarsonani5517 no you don't need to do internship.
I feel like I got a college lecture. That was a lot of information that I have never seen before. Everyone should watch it to understand what is going on in the real world.
I can't believe y'all make nothing compared to the work you put into it!!