Slc215 Posted January 15, 2014 Share Posted January 15, 2014 I am a new grad of 1 month and just received my first job offer. It is with a pediatric orthopedic surgery practice. I was just wondering about the starting base salary they were offering and I thought it was a little low, even with the package they were offering, what do you all think??? they are offering me upper $70's starting base salary, 100% health & dental insurance, but the attractive thing is that they have a profit sharing plan where they contribute 20% of your salary each year and I would not have to contribute anything at all for my retirement plan. I become eligible for the program after 1 year on the job and then become 20% vested each year until after 5 years in the program (end of my 6th working year) I become 100% vested. I am in the central Florida region, and I realize that this is not the highest area for salary, but even with the great profit sharing plan is the starting base salary in the upper 70's still a little low for a new grad in a surgical specialty area of practice??? I will have to do a little call each month but not all that much, we have residents that take on a big portion of the call load. I may have 4 or so week days of call a month (7am-7am) but then I get the next day off after call, and I may have 1 weekend of call every 2 months or so. Any insight/advice would be greatly appreciated. Link to comment Share on other sites More sharing options...
GetMeOuttaThisMess Posted January 16, 2014 Share Posted January 16, 2014 I'd be careful about the retirement statement. It is a generous offering but will it be shown as taxable income, or kept off the W-2? What are the odds that you'll last five years to become fully vested? I'd still max out a Roth IRA contribution if you can afford to do so, especially if you're young. What about CME/malpractice costs? Basically you are being paid for a fellowship year and I personally would go for more after a year if all is going well. Link to comment Share on other sites More sharing options...
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