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Session Evaluation

TRAINEE GENERAL

TRAINEE

EARLY CAREER INVOLVEMENT

326 - MANAGING FINANCES IN CARDIAC TRAINING

Saturday, October 26, 2024
9:45 AM – 10:45 AM PT
Room: 215-216
Early Career Involvement
Session Description: This session aims to help current and prospective cardiology and cardiac surgery trainees understand their finances better, especially during times of high cost-of-living and lengthy residencies.

Finances can be challenging to manage during training, especially during long residencies such as cardiology and cardiac surgery. Training years often overlap with important stages of life, such as when trainees might start families or buy a home. This session aims to help current and prospective trainees understand their finances better, especially during times of high cost-of-living.

Learning Objectives:

At the end of this session participants will be able to:
  • share common statistics among cardiology/cardiac surgery residents (e.g. average debt carried coming in; average debt by time of graduation; average time to repay debt);
  • understand areas of expense during residency/fellowship that trainees should be aware of and save up for (e.g. annual trainee fees, licensing exams);
  • understand methods to minimize additional expenses and repayment, which may or may not be unique to cardiac training;
  • understand funding models for advanced fellowships in cardiac training;
  • understand financial details involved in the transition from trainee to staff cardiologist/cardiac surgeon;
  • understand things to look out for when signing staff contracts; and
  • discuss opportunities for additional income as a trainee (such as moonlighting), and understand the benefits and drawbacks
Disclosure(s):
Yuchen Dai, MD: No financial relationships to disclose
Paul Mundra, MD: No financial relationships to disclose
Gary Wang, MD: No financial relationships to disclose
William F. McIntyre, MD: Atricure: Consultant/Advisory Board (Ongoing); iRhythm: Speaker/Honoraria (Ongoing); Trimedics: consulting (Ongoing), research grants (Ongoing)
Shekoofeh Saboktakin Rizi, MSc, MD, FRCPC: No financial relationships to disclose
Janek Senaratne, MD, MSc, FCCS, FACC, FESC: Idorsia: Research Grant (includes principal investigator, collaborator or consultant and pending grants as well as grants already received) (Ongoing); Novartis: Research Grant (includes principal investigator, collaborator or consultant and pending grants as well as grants already received) (Ongoing)