Aspects of medical residency include performing rounds with other interns and physicians, attending to patients, attending lectures and making notes regarding patient care, according to About.com. Residents also perform physical examinations on new patients, draft admitting orders and create a patient medical history.
Medical residencies often last three years and are designed so that students have an opportunity to decide on a specialty, notes About.com. Residents switch specialties throughout their three years, interning their first year, concentrating on a specialty during their second year and moving on to a subspecialty their third year. Residents interested in a surgical specialty may have to complete a total of five years for their residencies. There's also a possibility that a resident needs to complete a fellowship in addition to his regular residency.
As of 2015, medical residents are paid anywhere from about $40,000 to $50,000 a year, according to About.com. This minimal salary is because residents don't yet have their medical licences and because they aren't making the medical facility any money. Much of the responsibility is held by the attending or teaching physician
Different types of residencies include allopathic medical residencies and osteopathic residences, notes About.com. The type of residency an individual chooses depends on the type of medical school he attended. There are also university-affiliated residency programs and community-based residency programs.