Salary and Benefits

A comprehensive benefit package is offered to pharmacy residents:

Approximately $46,000 per year.

Health Insurance
A self-funded insurance program designed to meet residents’ needs through multiple plan options is available.

Dental Insurance
Two dental plans allow residents to choose the plan that best fits their needs.

Paid Time Off (PTO)
Pharmacy residents enjoy a flexible, self-managed approach to time off. The PTO program combines the benefits traditionally identified as vacation, holiday and sick leave.

Short-term Disability (STD)
The Short-term Disability program helps to prevent total loss of earnings for residents who are out of work due to an illness, injury or temporary disability.

Retirement Plans
Comprehensive retirement plans are available for residents.

Insurance plans offered include life and accidental death and dismemberment insurance, long-term disability insurance and supplemental life insurance.

Flexible Benefits Plan
Residents have the opportunity to pay for certain health care expenses and dependent care expenses with pre-tax dollars.

Child Development Center
A high-quality child care center with competitive rates is available to all residents.

Professional Development
Residents will attend the ASHP Midyear Clinical Meeting and the Great Lakes Pharmacy Resident Conference. Up to three additional professional days may be allowed to attend additional conferences and meetings and will be considered on an individual basis. System-wide educational opportunities offer a variety of credit and noncredit courses.

A wide variety of local and regional discounts on products and services are offered.

Mayo Employees Federal Credit Union
The credit union is a member-owned money cooperative that is available to all residents.

Fitness Center
On-site fitness centers are available to residents for a nominal annual membership fee.

Employee Assistance Program (EAP)
EAP offers confidential assessment, short-term counseling and referral for residents and their families, free of charge.

Meet our preceptors.