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Cost calculator for trainee psychiatry positions

The RANZCP Psychiatry Trainee Cost Calculator is an evidence-based tool designed to help those interested in having a psychiatric trainee position within their organisation explore the feasibility of establishing or sustaining a trainee post.

The calculator has been designed to assist those who are considering taking on a trainee prepare a business case and includes the capability to incorporate Specialist Training Program (STP) funding and Private Infrastructure and Clinical Supervision Allowance (PICS).

►Download Psychiatry Trainee Cost Calculator [macro-enabled Excel file; 340 KB]

  • This calculator is to be used to assess the cost of psychiatry training placements only, and may give inaccurate information should it be used for any other medical profession or purpose.
  • The calculator will provide estimates only and does not constitute any form of financial advice.
  • The RANZCP takes no responsibility for any differences between estimates this cost calculator may produce, actual funding and the actual cost as experienced by health service providers.
  • This calculator is not evidence of a contract or other form of legal agreement with the Commonwealth or any entity assigned by the Commonwealth to undertake funds management.

See also:

How to establish a training post in the private sector

The Royal Australian and New Zealand College of Psychiatrists has received Australian Government funding under the Specialist Training Program.