Match Day & Residency Archives

Why Monthly Budgeting is Critical for Physicians in Training

By Ned Palmer, MD MPH / Budgeting & Financial Planning, Match Day & Residency, Medical

Stress around your personal finances can negatively impact your ability to put patient care first. Financial stress has been identified as the second highest cause of depression among physicians. However, you can alleviate money-related stress and distractions by creating and managing a budget, gaining control over your spending, and planning for the future. As a …

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How to Cover Expenses During Medical Residency

By Michael Jerkins, MD MEd / Budgeting & Financial Planning, Match Day & Residency, Medical

How to Cover Expenses During Medical Residency Key takeaways: Credit cards, borrowing from friends and family, moonlighting and personal loans are options to mitigate expenses during residency. All have their benefits and drawbacks. Personal loans from doctor-specific lenders can be a better alternative to expensive credit cards. Transitioning from medical school to residency can be …

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Three Things I Learned From Match Day

By Michael Jerkins, MD MEd / Match Day & Residency, Medical

Match Day for medical residency is a stressful time for medical students. Learn from Panacea Co-Founder Dr. Michael Jerkins what he learned from his match day experience. Match Day is Unlike Any Other Job Offer Cliches exist for a reason. When a phrase communicates some sort of truth or insight into a commonly shared …

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Residency Match Day 2023: What to Expect Before, During, and After

By Michael Jerkins, MD MEd / Match Day & Residency, Medical

March 17 — aka Residency Match Day — is a major day for residents all over the country! Leading up to that day, you’re undoubtedly going to feel a mix of panic, excitement, anticipation, and stress. As doctors ourselves, we know first-hand how emotional Match Week can be. One way to ease the emotional turmoil …

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Match Day 2022 was a Success! Now What?

By Michael Jerkins, MD MEd / Match Day & Residency, Medical

Match Day is here, and you’ve just received the best news ever: you matched to a residency program! After celebrating (and make sure you do, because you earned it), it’s time to start planning. After all, Match Day is in March, and almost all residency programs start around July 1. In other words: your life …

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How Much Do You Make in Medical Residency?

By Michael Jerkins, MD MEd / Budgeting & Financial Planning, Match Day & Residency, Medical

How Much Do You Make in Medical Residency? Once you finish medical school, it’s time to embark on the next phase of your career: medical residency. This hands-on experience is a graduate-level step towards becoming a full medical professional with a license to practice. The length of your residency depends on your specialization. Expect to …

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Career Advice After Residency

By Michael Jerkins, MD MEd / Employment & Workforce Data, Match Day & Residency, Medical

Congratulations! You made it through medical school and have completed your residency. Now what? As you take the first step toward planning your career as a physician, there are many considerations you need to make as you embark on your journey. Investigate Different Practice Options First, explore all your options as a new physician. Consider …

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What Happens Between Match Day and Residency? We’ve Got Your To-Do List

By Michael Jerkins, MD MEd / Match Day & Residency, Medical

Match Day is over—and you now know where you’ll be spending the next few years as a medical resident. It’s an exhilarating time! But also stressful, compounded by so many unknowns. What happens in the months between now and starting your residency? What do you need to do? How can you ensure you’re prepared for …

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10 Tips for New Residents

By Ned Palmer, MD MPH / Match Day & Residency, Medical

Everything you’ve heard about residency is true. It’s intense, exhausting, and, at times, very rewarding. In your new reality of 80+ hour work weeks and high levels of clinical responsibility, all of the hypotheticals you studied in medical school become real. You’ll witness the full spectrum of life and death, laughter and tears, and struggle …

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How to Get a Loan for Residency Relocation

By Ned Palmer, MD MPH / Match Day & Residency, Medical, Personal Loans

You’ve matched with a residency program (congrats!) and may soon be moving to a new city. With this major life change just a few months away, you may be wondering about your financing options for relocation. The costs you’re going to incur over the next few months will likely be a bit of a shock …

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