Salary
McGaw Medical Center of Northwestern University provides a competitive salary to all residents and fellows. The salary starting level is determined by prerequisites of the program. For example, if a program requires one year of previous training, the individual’s salary shall start at the PGY-2 level.
See an example of the McGaw housestaff Letter of Agreement.
The salary levels for the 2025-26 training year:
- PGY1. . . . . . . . . . . . . . . . . . . . $76,202.49
- PGY2. . . . . . . . . . . . . . . . . . . . $79,209.06
- PGY3. . . . . . . . . . . . . . . . . . . . $81,876.76
- PGY4. . . . . . . . . . . . . . . . . . . . $86,501.46
- PGY5. . . . . . . . . . . . . . . . . . . . $89,997.28
- PGY6. . . . . . . . . . . . . . . . . . . . $92,784.46
- PGY7+. . . . . . . . . . . . . . . . . . . $96,385.34
McGaw-appointed and compensated residents and fellows will receive an annual academic stipend of $11,000. Additionally, each McGaw-appointed and compensated resident and fellow will receive an annual fatigue mitigation transportation stipend of $150.
Additional years spent in employment or training outside of prerequisites for the specialty or sub-specialty program are not used for determining PGY-level. The only exception is for sub-specialty fellows previously appointed as a chief resident for an additional year of training in pediatrics or internal medicine in an ACGME-accredited program. These individuals will be given one year of credit in addition to the prerequisites for the subspecialty training program.
Trainees who are supported by certain federally funded grants may need a modification in how they receive their salary. If the amount of the federally funded salary is less than the applicable PGY-level McGaw salary, the individual will receive an additional salary to make up the difference unless prohibited by federal guidelines.
Information about salary checks, direct deposit, withholding taxes and more is available in the McGaw Benefits Guide.