Resident Salaries and Benefits

Resident Salaries

Resident salaries are adjusted periodically. The most recent salary scale as of July 2012 is as follows:


Resident Salaries as of July 2013
PGY-I $55,299
PGY-II $58,298
PGY-III $61,431
PGY-IV $63,881


Every year, all PGY-2 residents receive an additional one-time stipend of $800 to help offset the costs of NY state medical licensure and the USMLE Step 3 Exam. Chief Residents receive an additional $2,500 in the PGY-4 year.

Health Insurance and Other Benefits

Mount Sinai offers a comprehensive package of benefits including health insurance with dental, vision and prescription medication coverage, malpractice insurance, short term/long term disability, accidental death & dismemberment insurance, life insurance worker’s compensation, nursery care, dependent care reimbursement accounts, and a 403(b) plan. Residents receive 20 days paid vacation per year and 12 days of paid sick leave per year. For additional information, please see the Icahn School of Medicine House Staff Manual [PDF].


Mount Sinai owns several apartment buildings near the medical center and guarantees a housing offer for all incoming residents. However, housing assignments are offered based on a lottery system, and it is recommended that incoming residents apply immediately after matching into the program to increase the chances of getting a preferred apartment. Rental prices are generally at and frequently below market prices for the area. Residents may apply as incoming singles, incoming couples, or incoming families. Apartments include studios, 1-bedroom, and multi-bedroom options.  Please see the Housing Department website for more information. 

Contact Us

Tel: 212-659-8734

Icahn School of Medicine
Department of Psychiatry
Box 1230
One Gustave L. Levy Place
New York, NY 10029