Salary and Benefits

For Academic Year 2015-2016

As a premier city of the United States, Chicago uniquely combines a world class living environment and neighborhood diversity, with charm and congeniality in the great Midwest heartland tradition. Our competitive and comprehensive benefit package includes health, life, disability and liability insurance, stipends for meals on call, study/conference time, on-site child care and paid time off.


Salaries are reviewed on an annual basis and adjusted accordingly.

Year of Training

  Annual Salary
as of 7/1/2016

First Year


Second Year


Third Year


Fourth Year


  • On-Call Meal Allowance/Debit ID Cards - $100 per month/ $1200 per year
  • Reduced membership to Galter LifeCenter 
  • Free, enclosed, on-site parking garage

Conference/Study Time

  • CME Allowance: $1000 plus 5 PAID educational days
  • Board Review Course Reimbursement for Third Year Residents
  • 24-hour access to Medical Library


  • Basic Life Support and Advanced Cardiac Life Support Certifications are offered during orientation week.
  • Pediatric Life Support is also offered during the course of the year.


  • American Osteopathic Association

Paid Time Off (PTO)

Paid Time Off (PTO) is an employee benefit that combines vacation, holiday and sick leave programs into one plan. Residents accrue 20 days per year. The Department of Medical Education must approve the period during which vacation and leaves may be taken.


The following insurance plans are available for both single and family coverage on a contributory basis:

  • Medical Insurance (PPO & HMO Plans)
  • Dental Insurance
  • Life Insurance
  • Short Term & Long Term Disability Insurance
  • Medical Liability Insurance
  • Flexible Spending Accounts (Health Care Spending Account, Dependent Care Spending Account, Transit/Parking Spending Account)
  • Retirement Savings Plan
  • Employee Assistance Program

Professional Liability Insurance is provided by the hospital.

Lab Coats

Two lab coats are initially provided to each resident, and one additional lab coat per year thereafter.


Residents are allowed to park free of charge in the hospital parking garage.

Child Care

The Child Care Center is on-site and open to all residents that require child care for their families. Residents should contact the Center directly to arrange their child care needs at 773-907-1008 or visit the Child Care Center page.


The Stromberg Health Science Library, managed by a medical librarian, is home to current text books and journal collections that are updated on a regular basis. The library has institutional access to Internet and on-site CD-ROMs for Medicine, CINAHL, Cancerlit and Up-to-Date searches. The library is accessible to medical staff on a 24-hour basis.

Contact Us

Thank you for your interest in Swedish Covenant Hospital. If you have any questions or need additional information, please contact the Medical Education office at 773-989-3808 or