Duration and Program Years
Many residency specialties require 3 years of hands-on experience, but some require as many as 7 years.
For instance, primary care residencies generally require 3 years, whereas some of the more complex specialties go into PGY-6 or PGY-7, such as plastic surgery and neurosurgery.
You have to be able to refer to which year of residency you’re in, so doctors use PGY-X, with X referring to the year. For example, “PGY-2” stands for “Postgraduate Year 2.” Your PGY determines your responsibilities, your salary, and how close you are to finishing.
Download Our Free Guidebook: Medical Specialty Spotlight
Salary Expectations
The salary for healthcare residents is standardized by hospital/healthcare system, reflecting how many years you’ve been a resident, and the local cost of living. Southern residencies generally pay the least while residencies in NYC or California generally pay the highest.
Though resident salaries differ by location and institution, below is a table of estimated salaries during your residency based on the area where your program is located:
PGY Level | Low-Cost Areas (South, Rural) | Moderate-Cost Areas (Midwest, Smaller Cities) | High-Cost Areas (Northeast, Bigger Cities) | Very High-Cost Areas (NYC, LA) |
PGY-1 | $60,000 | $63,000 | $68,000 | $90,000+ |
PGY-2 | $62,000 | $66,000 | $71,000 | $95,000+ |
PGY-3 | $65,000 | $69,000 | $74,000 | $100,000+ |
PGY-4 | $68,000 | $72,000 | $77,000 | $105,000+ |
PGY-5 | $71,000 | $75,000 | $80,000 | $110,000+ |
PGY-6 | $74,000 | $78,000 | $84,000 | $115,000+ |
PGY-7 | $77,000 | $82,000 | $88,000 | $120,000+ |
Resident salary is not impacted by specialty, unlike post-residency expected salary.
After you complete your residency, salaries differ wildly based on specialty and location. For more info on post-residency salary expectations, read more here.
Most & Least Competitive Specialties
Some specialties are very popular but difficult to match with. Consider various specialties that align with your future career goals, especially if you have your eyes set on a highly competitive specialty.
Most competitive specialties:
- Dermatology
- General surgery
- Plastic surgery
- Otolaryngology
- Orthopedic surgery
- Obstetrics & gynecology (OBGYN)
- Radiology
Least competitive specialties:
- Family medicine
- Internal medicine
- Pediatrics
- Emergency medicine
- Anesthesiology
- Neurology
- Psychiatry
Learn More: Least Stressful Specialties With Best Work-Life Balance
Getting Into Residency
To get into a medical residency, you typically must apply via the AAMC ERAS (Electronic Residency Application Service). Exceptions include military residencies and certain specialties, such as urology or ophthalmology.
Once you apply, you’ll have several interviews and then undergo a process that I’ll detail below: The Match.
Prerequisites for applying to residency include an MD/DO (or expectation to complete a DO or MD program this school year), USMLE Step 1 and 2 scores, and choosing which 1-3 specialties you’re applying to.
Apply Using ERAS
ERAS is the application process most common for residencies, run by AMCAS (Association of American Medical Colleges). Much like a med school application, you’ll submit letters of recommendation, test scores, and a personal statement.
ERAS opens in May, but you aren’t allowed to submit applications until September. When ERAS opens in May, fill in your personal info, documentation, the experiences section, and even a first draft of your personal statement.
In the summer, request 2-3 letters of recommendation from faculty; they submit LORs by September. Make sure you’ve taken USMLE Step 2 CK (tutoring available) or COMLEX (for DO applicants; tutoring available). Edit your personal statement and get trusted colleagues to review it. Determine which 1-3 specialties you’re applying to.
When September comes, you’ll submit your ERAS application. The average number of programs that residency applicants submit to is 78, but we recommend finding the average for your preferred specialty and sticking to that. Each program you apply to costs more money.
Should you send letters of intent? Learn more here.
Next, Residency Interviews
After you apply, programs will send out initial interview offers between mid-September and early October. Since many programs use a rolling process, invitations may continue through December. Hope for 10-15 invitations; the median for applicants who later got matched is 14 interviews.
Increase Your Odds of Matching