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| *Ostroff, Fair and Company>>>Financial Services |
Who earns more a vet or a doctor? |
Who earns more a vet or a doctor? VET Median annual earnings of veterinarians were $66,590 in May 2004. The middle 50 percent earned between $51,420 and $88,060. The lowest 10 percent earned less than $39,020, and the highest 10 percent earned more than $118,430. According to a survey by the American Veterinary Medical Association, average starting salaries of veterinary medical college graduates in 2004 varied by type of practice as follows: Small animals, predominantly $50,878 Small animals, exclusively 50,703 Large animals, exclusively 50,403 Private clinical practice 49,635 Large animals, predominantly 48,529 Mixed animals 47,704 Equine (horses) 38,628 The average annual salary for veterinarians in the Federal Government in nonsupervisory, supervisory, and managerial positions was $78,769 in 2005. DOC Earnings of physicians and surgeons are among the highest of any occupation. According to the Medical Group Management Association鈥檚 Physician Compensation and Production Survey, median total compensation for physicians in 2004 varied by specialty, as shown in table 2. Total compensation for physicians reflects the amount reported as direct compensation for tax purposes, plus all voluntary salary reductions. Salary, bonus and/or incentive payments, research stipends, honoraria, and distribution of profits were included in total compensation. Median total compensation of physicians by specialty, 2004 Less than two years in specialty Over one year in specialty Anesthesiology $259,948 (less than 2 years in practice) $321,686 (over 2 years in practice) Surgery: General 228,839 (less than 2) 282,504 (over 2 years) Obstetrics/gynecology: General 203,270 (less than 2) 247,348 (over 2 years) Psychiatry: General 173,922 (less than 2) 180,000 (over 2) Internal medicine: General 141,912 (less than 2) 166,420 (over 2) Pediatrics: General 132,953 (less than 2) 161,331 (over 2) Family practice (without obstetrics) 137,119 (less than 2) 156,010 (over 2 years) SOURCE: Medical Group Management Association, Physician Compensation and Production Report, 2005. |
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