Salary and Benefits
Please be advised that a sample of the Mount Sinai resident contract is posted on the MSSM Graduate Medical Education Website.
Fellowship appointment at Mount Sinai carries a full complement of benefits. This includes four weeks of vacation each year, comprehensive health care insurance, and a variety of plans for dental care, eye care, prescription drugs, term and universal life insurance, accidental death and disability insurance (note: some of these benefits are offered as supplemental options). Additional "conference days" to attend professional meetings may be given at the discretion of the training director. Malpractice insurance with a "tail" is provided. This covers trainees for all medical activities within the program both during the period of training as well as for any suits that may be initiated at a later date for activities which transpired during the training period.
Salary is generally competitive with that of other programs in the New York City area, and is determined according to training level. Mount Sinai does not utilize state funding to supplement hospital lines, but "moonlighting" to supplement salaries is permitted at the discretion of the training director. Salary levels as of June 22, 2008 are as follows: PGY-4: $61,400; PGY-5: $63,759; PGY-6: $65,198.
Mount Sinai fellows are eligible for reduced rate housing and parking. They also have access to the full range of facilities on site, including an excellent medical library, computer center and audio-visual media facilities. There is a day-care center on the premises, which offers full- and part-time care on a fee for service basis. The recreation office provides discount tickets to Broadway shows, sports events, concerts and many other activities in New York City and the surrounding area.
In addition to the benefit package offered by the institution, the Division of Child and Adolescent Psychiatry offers several incentives. Trainees are encouraged to attend the annual meeting of the American Academy of Child and Adolescent Psychiatry, and are able to use their conference time for this activity. In addition, each trainee is eligible to receive a $500 stipend once during the two-year program to be used towards attendance at a Child and Adolescent Psychiatry related meeting of their choice. Trainees also receive a $50 stipend each year to purchase toys for their psychotherapy work and are reimbursed for taxis to and from supervision and while on-call.
One Gustave L. Levy Place
New York, NY 10029