CIR Residents Learn About Life After Residency

You survived residency, and now you suddenly have to figure out the next steps. How do you negotiate a contract? How can you manage your debt? Is it a good time to buy a home?

Residents from UCLA-Harbor and Los Angeles County Hospital + USC Medical Center got answers to these questions and more at the first ever Post-Residency Life Workshop in downtown LA at Mercado La Paloma.

The workshop covered three main topics: Negotiating a Contract, Estate Planning, and Financial Planning, with top experts in each topic presenting detailed information and real-life examples.

Attendees listed “dealing with debt” as the scariest thing about graduating, and found the financial planning information very useful. They also appreciated the sessions on negotiating a post-residency contract, which covered common pitfalls and how to take into account factors like equity and employee vs. independent contractor status.

In surveys completed after the event, 100 percent listed the overall event as “informative and useful.”

“It brought to the surface many important facets of post-residency life to which we residents would otherwise be oblivious,” said Dr. Hossein Samadi, a Psychiatry resident at UCLA-Harbor and a CIR Delegate. “I believe the majority of my peers would benefit greatly from events such as this, as they provide us with vital information that is not otherwise included in our formal curriculum.”