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Stipend and Benefits

Pharmacy residents

Salary

  • $42,000 for PGY-1 residents
  • $44,000 for PGY-2 residents

You are responsible for your living accommodations. Relocation assistance is available.

Office space and amenities

Each resident is assigned a personal desk space with these amenities:

  • Desktop computer with double monitors
  • Laptop computer for interdisciplinary rounds
  • File storage
  • Office supplies
  • Phone with individual phone number
  • Print, copy, fax and scanning capabilities

Vacation, holiday and sick leave

Residents are allotted 15 total days of paid time off for personal vacation (including professional interviews), holidays and sick leave. Mayo Clinic recognizes six major holidays each year: New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day.

Residents may be required to staff up to two scheduled holidays at the discretion of the individual residency program director. A staffed holiday is not counted against the resident's allotment of 15 total days.

Professional travel

During your residency, you will have the opportunity to attend professional meetings for the purposes of networking, professional development and service to the profession. Funding is provided for approved travel-related expenses, such as airfare, hotel and registration fees.

Residents may attend the American Society of Health-System Pharmacists (ASHP) Midyear Clinical Meeting and/or the Midwest Pharmacy Residents Conference. Attendance at additional local, state and national meetings is at the discretion of the residency program and based on available funds. Typically, residents are allotted a maximum of 10 professional travel days a year.

Library resources

Residents have privileges at Mayo Clinic's many libraries. At-home and on-site access to nearly 4,100 electronic journals and more than 540 electronic books is provided free of charge. The libraries offer a variety of classes, including many online classes, to help you learn how to use the large number of resources.

Special collections include:

  • Rare medical works of scholarly significance, such as books from 1479 and journals from 1665
  • First descriptions and classic accounts
  • Works that help explain the development of medicine

Information technology resources

Mayo Clinic provides cutting-edge technological resources to optimize your residency experience. Many mobile devices are supported by Mayo Clinic Information Technology. Access to wireless Internet, email accounts, Mayo apps and clinical software programs can be had at the touch of a button. The Help Desk provides around-the-clock assistance with Mac and PC questions and troubleshooting.

More than 52,000 computer workstations are available in nursing units, resident work areas and the outpatient clinics. Additionally, residents are given remote access via virtual private network (VPN) for 24/7 electronic medical record and library access from home.

Medical, dental, vision and prescription coverage

Residents are eligible for an excellent benefit package that includes medical and prescription coverage from day one, as well as a dental and vision reimbursement account or dental insurance.

Medical plan premiums for employee, employee plus a child or children, employee plus spouse, and family are competitively priced and selected by the resident during orientation. Prescription drug coverage varies based on the medical plan chosen.

Flexible spending accounts

A flexible spending account allows you to specify a contribution amount to be deducted from your paycheck on a pretax basis. When you incur eligible expenses for yourself or an eligible dependent, you submit a claim form to be reimbursed from your account.

All residents are eligible to utilize a health care flexible spending account and a dependent care flexible spending account.

Life insurance

Mayo Clinic sponsors an employer-paid term life insurance plan. Coverage of three times your annual salary is provided to you from day one.

Dan Abraham Healthy Living Center

Mayo Clinic is committed to the wellness of its employee community. The Dan Abraham Healthy Living Center at Mayo Clinic has fitness facilities at two locations on campus. Membership fees are incentive based.

The center has extensive programs and amenities, including:

  • Group fitness classes
  • Individual and small-group training
  • Wellness coaching
  • Cooking classes
  • Indoor cushioned track
  • Locker rooms
  • Hydromassage and massage services
  • Relaxation rooms
  • Fitness pool
  • Saltwater lap pool (25 yards with four lanes)

Employee education

Mayo Clinic provides a multitude of resources for employees to increase and improve their knowledge, skills and abilities. Classroom training, online modules and quick-reference guides are available for all employees to effectively ensure that the needs of the patient come first.

Educational opportunities and tutorials that are popular among pharmacy residents include:

  • Quality-improvement training
  • EndNote
  • Microsoft Excel and Access database development
  • Microsoft Outlook
  • Microsoft PowerPoint
  • Microsoft Word
  • Statistical software courses

Discounts for Mayo Clinic employees

The Leisure and Lifestyle Activities Program at Mayo Clinic coordinates special events, discounts and group activities for employees. Discounts may be available to employees on:

  • Animal care
  • Attractions and entertainment
  • Beauty and grooming services
  • Car care
  • Computer purchases and repairs
  • Dry cleaning
  • Food and restaurants
  • Hotels
  • Movie tickets
  • Shopping
  • Tax preparation
  • Theater and the arts
  • Travel
  • Wireless phone services
  • Oct 1, 2014
  • ART305050