AVMA issues report on veterinary debt and income

Veterinary Debt and Income CoverToday we released our 2015 AVMA Report on Veterinary Debt and Income.

The third installment of the AVMA’s six-part 2015 Veterinary Economic Report series, the report includes information on the income and debt level of new veterinarians, income of current veterinarians, veterinarians’ debt-to-income ratio and the net present value of the veterinary degree.

The debt-to-income ratio and the net present value are two key performance indicators for the veterinary profession. The debt-to-income ratio provides a measure of the financial health of the veterinarian entering the profession, while the net present value provides a measure of the current value of the lifelong net benefits of obtaining the DVM degree.

The report series is designed to help veterinarians better understand the markets they operate in and the factors that affect their livelihood. The 2015 AVMA Report on Debt and Income can be purchased online from the AVMA Store as part of the six-installment series, and free summaries of the first three published reports also are available. The price for the series is $249 for AVMA members and $499 for nonmembers. The three other reports will be available upon publication. The reports and their scheduled publication dates are:

  • The AVMA Report on Veterinary Markets (January)
  • The AVMA Report on Veterinary Employment (March)
  • The AVMA Report on Veterinary Debt and Income (May)
  • The AVMA Report on the Market for Veterinarians (July)
  • The AVMA Report on Veterinary Capacity (August)
  • The AVMA Report on the Market for Veterinary Education (September)

Here’s a brief summary of what each report explores:

  • The AVMA Report on Veterinary Markets: Provides data and information about general U.S. economic conditions, the markets for veterinary education, veterinarians and veterinary services, and workforce capacity utilization.
  • The AVMA Report on Veterinary Employment: We surveyed veterinarians across the country and across the profession to better understand employment, unemployment and underemployment, as well as the factors affecting each.
  • The AVMA Report on Veterinary Debt and Income: This report takes an in-depth look at salaries for new and existing veterinarians and their veterinary education debt load, as well as debt-to-income ratios and the net present value of a veterinary career.
  • The AVMA Report on the Market for Veterinarians: Ever wonder where the 100,000-plus veterinarians are located, what type of work they do or how much they are compensated? This report explores the demographics of the profession.
  • The AVMA Report on Veterinary Capacity: This report includes our excess capacity forecast and explores our capacity utilization survey, descriptive statistics for capacity utilization and the factors affecting capacity utilization.
  • The AVMA Report on the Market for Veterinary Education: The market for veterinary education is the beginning of the pipeline to the market for veterinary services. This report looks at the types of students applying to veterinary school, and the supply of and demand for veterinary education.

9 thoughts on “AVMA issues report on veterinary debt and income

  1. It is interesting to learn about issues financially these days with medical bills with pets. A friend of mine was not able to take care of her dog anymore and eventually had to let her dog pass away. Increasingly it is getting harder and harder to get proper care for an animals.

  2. We don’t have to buy the report. We’ll learn of it in the news when media buys it, reads it and publicizes the results in a way to give veterinary medicine a black eye.

  3. Don’t expect Dr. Dicks to engage in any discussion with you if you don’t fork over the money to buy said report (that was paid for by your money).

  4. I am shocked that this information is not free for members. Is the price the same for non members? What do I get for my membership for 50 years? Who’s dues money was spent to acquire this information?

  5. As a prospective DVM and current student, I am very interested in this information and would really like to see it made available for free.

  6. Another nail in the coffin of the AVMA when members don’t have access to member funded research on our own demographic and trend studies. It seems the corporate agenda of the AVMA is going the route taken by ASPCA, Humane Society and other well meaning groups being hijacked for political or personal gains. This isn’t the flavor of the veterinary society I entered into decades ago. It saddens me that political correctness and capitalism is affecting our profession so profoundly, rather than science and goodwill.

  7. The AVMA is becoming an irrelevant organization promoting exploitation and fostering a community of capitalistic
    values instead of cooperation and societal compassion. Charging members hundreds of dollars for demographic information which could shed light on what is wrong with the financial aspect of our profession should be disseminated freely.
    I am a retired veterinarian having worked in small animal medicine for 35 years and am interested in continuing my advocacy of my respected profession. However, when you make it a financial burden to glean important information for a price, it disgusts me. The AVMA has been diluted with marketeers and hype.

  8. I agree. I find it a bit ironic that as a recent graduate (’09) with a six figure debt, who has an extra $600 lying around to pay for this detailed information?

  9. When did the AVMA start charging for this info? In the past, it would have been published in JAVMA and would have been free. This is another example of AVMA members getting less for their membership. It makes me want to drop my membership.