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You must be a very competitive candidate to be eligible for a medical fellowship program. Although fellows do get paid, it is usually not financially equivalent to being a staff physician. But given the advantages of undertaking such programs, most professionals see it as a valuable investment of their time.
Fellowships typically carry a set stipend, while many internships offer hourly wages more like a typical job. In most cases, fellowships carry fixed-amount stipends, rather than hourly wages.
A medical fellowship is the training medical school graduates receive after completing their residency to become a specialist in their chosen field of medicine. During a medical fellowship, the physician (or fellow) works closely with a specialist to deepen their experience and knowledge of their subspecialty.
A medical fellowship after residency can provide the training you need for a successful career in your preferred specialty. But it also probably means youll make far less for a period of one to three years. Do you get paid during a fellowship? Yes, you do.
Lower pay: Fellowship training earns you a lower salary than professional pay. Training longer means you have less time to maximize your income. Consider potential income losses over the time youll complete your fellowship against diving into your professional life after your residency.
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The average salary of a medical fellow is $48,306 per year . The lowest salaries for this profession are around $25,364 per year, while the higher salaries are $92,000 per year. A doctor might forgo a fellowship to start earning higher salaries sooner, but the lower salary during your fellowship years may be worth it.
Fellowship depends on whether this is a clinical or research fellowship. It can have the same rigor as a Residency but usually with less direct patient care and less call responsibility because that is handled moreso by the residents but it still can entail a lot of work hours.
While fellows still do not earn the same salary as physicians in their specialty, they often make more than they did during their residencies since they are typically fully licensed and have more experience.

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