Today 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.