Financial Information
Residents-in-Training are eligible for:
MGB Programs
AY23-24 Resident Stipend: For the current AY, residents received a stipend of $10,000 before taxes. The intended use of this stipend is to support expenses related to a trainee's moving & travel, living costs in the Boston metro area, as well as unique academic & personal expenses specific to an individual or family (e.g. childcare expenses; computer or phone purchases; travel to work; etc).
Stipend for economically disadvantaged residents: Eligibility criteria and information about this opportunity are detailed here.
We intend to distribute stipends in May to help with transition-to-residency expenses. We understand that the eligibility criteria are far from ideal and continue to grapple with that; however please understand that we cannot make exceptions to the eligibility criteria.
Lease Guaranty Program: Many (though not all) landlords in Boston will be willing to waive the security deposit and last month’s advance rent based on their participation in this program. Details are available here. Landlords who are not already participating can choose to do so after hearing about it, so feel free to ask them.
Harvard University Employees Credit Union Resident & Fellow Loan Program: We understand that transitioning to residency can involve financial challenges, such as moving to Boston in advance of having a salary. Mass General Brigham has partnered with the Harvard University Employees Credit Union to make a loan program available to its matched and current residents and fellows, with favorable rates and flexible repayment terms. The Credit Union also offers financial education resources, including materials on their website and individual financial counseling for members (with membership based on opening a savings account with $5--not linked to obtaining a loan). Click here for more information.
Dermatology Programs
Education Funds. The Harvard Dermatology Program Education budget provides each resident with financial support to purchase education equipment (dermlites, surgical loopes), and to help defray the cost of attendance or participation at academic meetings, or support of trainee scholarship (e.g. research meetings; publication charges).
Thomas B. Fitzpatrick Education Fund. The TBF Fund provides residents financial support for an away career development or research elective during the course of residency.
Please use the links below to find information on MGB Salaries and benefits: