Stipend Rates & Benefits

2024-2025 Stipend Rates

A total of 12 stipend checks are issued each academic year, and trainees are encouraged to participate in the direct deposit program. Stipend rates below are guaranteed for 2024-2025 academic year.

PGY1

Post Graduate Year 1 - $65,929.30

PGY2

Post Graduate Year 2 - $67,747.25

PGY3

Post Graduate Year 3 - $69,561.57

PGY4

Post Graduate Year 4 - $72,763.06

Psychiatry Residency Benefits

Psychiatry offers added benefits addition to institution-wide leave and insurance coverage - to ensure our trainees' success

White coats

Residents are issued one long, white lab coat, embroidered with their name and Psychiatry at the beginning of their PGY-1 year

Education allowance

Surgery provides each resident with a $300 book allowance. This allowance is to be used for educational materials such as textbooks, journals, study guides and web subscriptions. Book funds may not be used for PDAs and loupes. All funds are to be used by June 15. Any remaining balance may not be transferred to the following year. Charges may be made directly to your expense account at the EVMS Bookstore located in Lewis Hall. No charge may be completed without department approval. (Bookstore personnel will call to confirm funds are available.)

Residents may be reimbursed for pre-approved purchases. Original receipts are to be submitted to the Residency Program Coordinator.

Meals

Residents receive two meals per call at Sentara hospitals.

Professional conference attendance

Chief residents are permitted to attend one education conference of their choice during their final year of training. Chiefs will be reimbursed for registration, airfare, hotel and meals that are within a reasonable amount. An academic travel checklist (required for all academic travel) must be completed and turned in to the residency's Educational Specialist 30 days prior to travel.

Free parking

Parking is provided free of charge to all residents on the Eastern Virginia Medical Center complex and at all affiliated teaching institutions located off campus.

Leave

Leave: The boards of individual specialties may have specific requirements for the amount of time spent in a training program. If an extended leave of absence, for any reason, is necessary, the trainee should discuss the effect of the leave on the requirements and duration of the training program. (Please see Leave Policy for additional leaves and information).

Vacation: Three weeks (15 scheduled workdays) of paid vacation per academic year are provided. Vacation requests must receive approval in advance from the program director, and trainees should check with the program director regarding program-specific policies. Vacation requests will not be approved during the first week of July or last week of June. The number of vacation days will be prorated if the GME trainee's start date is other than July 1.

Sick Leave: Sick leave may be authorized with full pay and benefits for a period not to exceed four weeks. Extended leaves require documentation from the treating physician. The number of sick days will be prorated if the GME trainee's start date is other than July 1 (Please see Leave Policy for additional leaves and information).

ACGME Parental, Caregiver, Medical Leave (ACGME Leave): In accordance with the Accreditation Council for Graduate Medical Education (ACGME) institutional requirements (effective July 1, 2022), at least once during the duration of the training program, GME will provide Trainees with a minimum of six (6) weeks of paid time away from training with one additional week of leave. The Trainee will be required to exhaust any available leave during the absence.

In the event the Trainee does not have a sufficient leave balance, the Trainee will receive additional paid leave, not to exceed six weeks with one additional week of leave. Trainees are responsible for checking with their specialty board and Program Director regarding the use of this leave and any related extension of training . (Please see Leave Policy for additional leaves and information).

The ACGME Parental (both birthing and non-birthing parent), Caregiver, Medical Leave can be used concurrently with other GME Leave Policies, if eligible. ACGME Leave is available to the Trainee on the first day of their employment. Trainees must notify the Program Director or their designee as soon as reasonably possible to allow time for adequate coverage of educational clinical care responsibilities. Trainees should contact Human Resources to initiate the leave. Trainees that exhaust leave through the ACGME Leave may request additional unpaid leave if necessary. This is a GME specific policy but may run concurrently with other available institutional leaves.

Holidays: Graduate Medical Education trainees are responsible for the clinical care of the patients within the educational program. To this end, trainees are not afforded the standard institutional holidays. The education committee of each individual training program has a set policy, which guides the provision of national, state and religious holidays.

Professional Leave: Subject to approval by the program director. (Please see Leave Policy for additional leaves and information).

Trainee benefits

For more benefits information, please visit the VHS Resident / Fellow Benefits page.