Salaries for Veterinarians – How Much Does A Vet Make?
It is a fact that veterinarians get a high pay. With the demand for veterinarians today, employers are willing to pay them good money just to employ their expertise. Pet owners and farm owners are keen on consulting the services of a veterinarian to ensure the health of their animals. Due to the need for veterinarians, their earning power increases every year.
Two main factors affect the salary of a veterinarian and that is setting and location. The area of specialization will affect the increase in pay. Veterinarians today will need a Doctor of Veterinary Medicine degree and license. Most veterinarians today have these credentials. You should know certain specialization could affect salary range.
How Much Do Veterinarians Earn?
From the data of the U.S. Department of Labor, veterinarians earn $61,000 to $104,000 per year. The average salary is around $79,000. Starting veterinarians will earn less than the average salary but those with a lot of experience already can make as around $140,000 per year. The lowest 10% will earn around $47,670 a year.
In an hourly basis, the median salary is $43.20 per hour. The lowest is $22.92 per hour while the upper 10% will earn $68.71 per hour. Most of the lowest paid veterinarians work in the rural areas while the ones with high pay levels work in the metropolitan areas. City veterinarians can even earn up to $75.00 per hour.
Currently, the estimated working veterinarians in the U.S. are around $55,000. However, there is still a high demand for veterinarians. The low supply and high demand are also fueling the increase in salaries.
How Do Veterinarians Earn Money?
Once a veterinarian is licensed, he has the freedom to work in any setting he wants. It is true that majority of veterinarians work in veterinary clinics and hospitals. A small percentage works in government agencies. Some of them work in the military. Colleges employ veterinarians to work as professors or take part in social advocacy programs. Working with an employer will get your benefits, healthcare coverage, paid vacations and increase in salary. Nonetheless, more veterinarians prefer working in private clinics than be an ordinary employee working for someone else.
Those veterinarians who set-up their own clinic prefers having another veterinarian to work with. This way, the expenses of running the clinic is shared. One of the veterinarians may specialize in small animals while the other specializes in livestock animals. This way, both veterinarians can get the full profit and ask for their own consultation fees. You can choose what you want, it is all up to you.