The American Veterinary Medical Assn. (AVMA) recently released two reports that offer data on the veterinary medical profession: the "2013 Report on Veterinary Compensation" and the "2013 Report on Veterinary Practice Business Measures."
AVMA said the veterinary compensation report provides information, including professional earnings in private practice, and public and corporate employment; earnings by years of experience, region and gender; employee fringe benefits, and income per hour. For example, this year's report indicates that in 2011, which is the year of the survey, median income for private practitioners was $100,000-88,000 for associate veterinarians and $124,000 for practice owners. In addition, the report found that the median professional income of veterinarians in public or corporate employment was $124,000 in 2011.
The business measures report provides data and trends including gross veterinary revenue statistics, financial returns and ratios in veterinary practice, key practice operating expense ratios and revenues according to service categories.
More information about AVMA reports is available at www.avma.org.