A fellowship usually follows residency and is designed to train fellows in a narrower specialty. While some fellows may earn more than residents, the salary is still lower than for most working physicians. Usually fellows have to pay for the majority of their living costs, including housing and at least some meals.
How much money do you make during fellowship?
Physician Fellowship Salary in CaliforniaAnnual SalaryMonthly PayTop Earners$393,241$32,77075th Percentile$196,129$16,344Average$161,498$13,45825th Percentile$68,817$5,734
Does fellowship increase salary?
Fellowship can provide significant increases in your annual salary. This helps you catch up on your opportunity cost quickly. Lets say that you anticipate making an additional $10,000 each year that you wouldnt have otherwise made without the fellowship.
Which is better residency or fellowship?
Often, the residency experience prepares an individual to become a board-certified clinical specialist. A fellowship is designed for the graduate of a residency or board-certified therapist to focus on a subspecialty area of clinical practice, education, or research.
Is it worth it to do a fellowship?
Rich, hands-on learning experience: With a fellowship, you will have access to advanced technology and tools that give new meaning to the term learning by doing. While unpaid opportunities are definitely worth it for the experience, getting paid to do what you love can be an added bonus.
What does it mean when a doctor has a fellowship?
“Fellowship Trained” indicates the physician or surgeon has shown the highest level of dedication to their field and achieved the highest level of training. For example, an orthopedic physician may finish a fellowship training program in hip and knee surgeries to become an expert.
Do fellows get benefits?
Most fellowships are paid, providing financial support in the form of a stipend, salary, or grant. Sometimes fellowships include other benefits like health insurance, travel or relocation grants, funding for dependents, discretionary funding for language classes, or housing.