The mean debt-to-income ratio for new veterinarians is down to 1.4, a figure not seen since 2005, as educational debt decreases and starting salaries increase. The mean debt from earning a veterinary degree was $147,258, and the mean starting salary was $111,242.
The AVMA Veterinary Business and Economic Forum, held virtually Oct. 24-25, featured the presentation “Morph Your Insights Into Powerful Foresight: Using Data to Get Ahead of Veterinary Trends” and a panel on “Learning to Make Data-Driven Decisions for Better Business.”
To recruit, hire, and retain in this new environment, says Charlotte Hansen, AVMA assistant director for statistical analysis, employers will need to create a work environment that is engaging and inclusive and understand what is important to potential employees. Hansen gave the presentation “The Market for Veterinarians: Examining an Era for Engagement” during the AVMA Business & Economic Forum, held virtually Oct. 24-25.
Highlights from the latest AVMA pet ownership survey show the size of the U.S. pet population stabilizing after an increase in dog ownership in 2020 during the pandemic. Also, consumer spending on pets in all categories grew over the past years.
The Food and Agriculture Organization of the United Nations, the United Nations’ Environment Program, the World Health Organization, and the World Organisation for Animal Health have issued this October a one-health plan aimed at improving the health of humans, animals, plants, and the environment while contributing to sustainable development.