A stipend (amount pending) is given to each resident yearly to help defray meeting costs, and to buy books or other needed equipment. All first year Dermatology residents are paid at the PGY-2 level; $62,858 (FY21). Stipends are increased each year depending upon level of training. Reappointments, which are made on an annual basis, are subject to satisfactory performance review at the end of each year. Four weeks of vacation are given during each 12 months of service, as permitted by the American Board of Dermatology. Malpractice insurance is provided by the Hospital as well as a complete benefits package including medical insurance, disability, vision and dental plans. Each first year resident is given a secure thumb drive, a dermatoscope, and 2 textbooks.
There are multiple internal and external grants through the University, School of Medicine, American Academy of Dermatology, and other organizations which residents have successfully applied for and received to help fund research or travel.