Resident Doctor Financial Realities Quiz

What is the average salary for a medical resident in the US as of 2023?

• $100,000

• $80,000

• $67,400

• $50,000

How long can residency training last for neurosurgery?

• 3 years

• 5 years

• 7 years

• 9 years

What is the approximate hourly wage for a resident working 70 hours a week with a $60,000 annual salary?

• $18.00

• $20.00

• $16.50

• $23.00

What is the maximum number of hours residents are supposed to work weekly according to the accreditation Council for graduate medical education?

• 90 hours

• 80 hours

• 70 hours

• 60 hours

What is the average student debt for medical school graduates?

• $150,000

• $100,000

• $300,000

• $250,000

What is the monthly interest on a $250,000 student loan at a 7% interest rate?

• $2,000

• $2,500

• $1,000

• $1,500

What is the average rent cost across the US?

• $1,400

• $1,200

• $1,600

• $1,000

What percentage of residents feel fairly compensated for their work during residency?

• 10%

• 20%

• 30%

• 40%

What is a key piece of advice for aspiring physicians concerned about debt?

• Focus solely on medical training

• Advance financial education early

• Rely on future earnings

• Ignore financial education

How long does it typically take to start earning a six-figure salary after starting a medical career?

• 3-5 years

• 7-12 years

• 12-15 years

• 5-7 years