Employment, starting salaries, and educational indebtedness of year-2019 graduates of US veterinary medical colleges

Bridgette Bain 1Veterinary Economics Division, AVMA, Schaumburg, IL 60173.

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Abstract

For year-2019 graduates of US veterinary medical schools and colleges who had accepted a full-time position in private, public, or corporate practice or an advanced education program (n = 2,375), mean starting annual salary was $70,045. Excluding salaries for individuals who were pursuing advanced education, mean starting annual salary for graduates who had accepted a full-time position in private, public, or corporate practice was $86,031.

For the 2,720 year-2019 graduates who reported information on debt, mean educational debt accumulated during veterinary school was $149,877 (median, $156,597). Mean educational debt for the 2,224 (81.8%) year-2019 graduates who had educational debt was $183,302, compared with a mean of $183,014 for year-2018 graduates who had educational debt. (J Am Vet Med Assoc 2020;257:292–297)

Abstract

For year-2019 graduates of US veterinary medical schools and colleges who had accepted a full-time position in private, public, or corporate practice or an advanced education program (n = 2,375), mean starting annual salary was $70,045. Excluding salaries for individuals who were pursuing advanced education, mean starting annual salary for graduates who had accepted a full-time position in private, public, or corporate practice was $86,031.

For the 2,720 year-2019 graduates who reported information on debt, mean educational debt accumulated during veterinary school was $149,877 (median, $156,597). Mean educational debt for the 2,224 (81.8%) year-2019 graduates who had educational debt was $183,302, compared with a mean of $183,014 for year-2018 graduates who had educational debt. (J Am Vet Med Assoc 2020;257:292–297)

The AVMA has conducted its annual survey of fourth-year veterinary medical students in cooperation with the schools and colleges of veterinary medicine in the United States for several decades now. For 2019, surveys were sent to 3,177 veterinary medical students expected to graduate in the spring of that year from the 30 US schools and colleges of veterinary medicine. Responses were received from 2,737 (86.2%; Appendix) students. Surveys were distributed approximately 4 weeks prior to the time of graduation for each school or college. Data on veterinary students' employment choices, expected salaries, and estimated educational indebtedness were collected from survey respondents. All 30 schools and colleges participated in the web-based survey. In the results reported here, base sizes varied because some respondents did not answer all questions.

Employment of New Graduates

At the time of the survey, 2,699 of the 2,737 (98.6%) respondents indicated they had sought or were actively seeking employment in veterinary medicine or advanced education opportunities. The remaining 38 (1.4%) respondents indicated they were not actively seeking such positions. Among the 2,699 respondents seeking veterinary positions, 2,552 (94.6%) had received ≥ 1 offer. Of the 2,538 who specified the number of offers received, 1,015 (40.0%) had received 1 offer, 580 (22.9%) had received 2 offers, 475 (18.7%) had received 3 offers, and 468 (18.4%) had received ≥ 4 offers. The mean number of offers for those who reported the number of offers received was 2.4 (median, 2); among those securing advanced education and full-time positions, mean numbers of offers were 1.9 and 2.7, respectively.

At the time of the survey, 2,391 of 2,552 (93.7%) respondents who had received employment or advanced education offers had accepted a position. Of these, 2,390 reported the sector of their secured postgraduate position (Table 1). Among those who had accepted offers, 1,640 (68.6%) had accepted full-time positions in private practice (n = 1,545) or in public or corporate practice (95), and 750 (31.4%) had accepted advanced education offers. Of the 1,545 respondents who had accepted employment in private practice, 83 (5.4%), 247 (16.0%), 1,187 (76.8%), and 28 (1.8%) had chosen positions in food animal, mixed animal, companion animal, and equine practice, respectively. Among respondents who had accepted positions in public or corporate practice, the largest proportions had accepted positions in the federal government (28/95 [29.5%]) or the uniformed services (28/95 [29.5%]). Of the 750 respondents who had accepted positions in advanced education programs, 727 (96.9%) were entering internships or residencies. Fourteen of the remaining 23 respondents reported plans to pursue a doctoral or master's degree.

Table 1—

Mean full-time starting salaries of year-2019 graduates* of US veterinary medical schools and colleges, classified by type of employment.

Employment typeNo. (%) accepting positionMean ± SD starting salaryNo. reporting starting salary
Private practice
 Food animal exclusive35 (1.5)80,088 ± 17,32835
 Food animal predominant48 (2.0)74,888 ± 15,37048
 Mixed animal247 (10.3)75,391 ± 14,205244
 Companion animal predominant271 (11.3)90,385 ± 19,611268
 Companion animal exclusive916 (38.3)90,893 ± 18,329915
 Equine28 (1.2)53,804 ± 26,16828
 All private practice1,545 (64.6)86,924 ± 19,5581,538
Public and corporate practice
 Federal government (civil service)28 (1.2)70,495 ± 11,45928
 Uniformed services28 (1.2)67,464 ± 13,15428
 College or university6 (0.3)31,580 ± 6,1456
 State or local government4 (0.2)93,150 ± 11,4174
 Industry-commercial3 (0.1)91,000 ± 12,7673
 Not-for-profit15 (0.6)80,300 ± 13,64115
 Other11 (0.5)81,123 ± 27,10310
 All public and corporate practice95 (4.0)71,422 ± 18,97694
Advanced education program
 Master's degree6 (0.3)46,125 ± 27,7564
 PhD8 (0.3)34,951 ± 14,6468
 Internship (private or academic)669 (28.0)34,029 ± 8,085665
 Residency58 (2.4)42,747 ± 12,86058
 Other9 (0.4)47,720 ± 7,8588
 All advanced education750 (31.4)34,932 ± 9,213743
Totals
 All employment types except advanced education programs1,640 (68.6)86,0311,632
 All employment types2,390 (100)70,0452,375

Surveys were sent to 3,177 veterinary medical students expected to graduate in spring 2019, and responses were received from 2,737. In total, 2,391 had accepted positions at the time of the survey; 2,390 reported the type of position accepted, and salary information was provided by 2,375 of those who had accepted full-time employment or advanced education offers.

Master's degree included Master of Public Health (n = 2), Master of Preventative Veterinary Medicine (1), and Master of Science (1).

Totals represent the overall values for each column.

Nearly all respondents who had accepted full-time employment or advanced education offers reported the total hours they expected to work per week (2,381/2,391 [99.6%]); 136 (5.7%) expected to work < 40 h/wk, 1,428 (60.0%) expected to work between 40 and 50 h/wk, and 817 (34.3%) expected to work > 50 h/wk. The mean amount of time expected to work was 51 h/wk. Those who had accepted full-time positions in private practice (mean, 45 h/wk) or in public or corporate practice (mean, 47 h/wk) expected to work, on average, about 20 h/wk less than those who had accepted advanced education offers (mean, 66 h/wk).

Advanced Education

Of the 750 respondents who had accepted advanced education offers, 669 (89.2%) had accepted an internship, 58 (7.7%) had accepted a residency, and 23 (3.1%) had accepted a position in a master's degree program, doctoral degree program, or some other educational program. Of the 663 respondents who indicated the type of internship chosen, 309 (46.6%) had accepted a position in a private referral practice, 170 (25.6%) had accepted a position in academia, 105 (15.8%) had accepted a private practice position, 58 (8.7%) had accepted a position in a corporate-owned practice, and 21 (3.2%) had accepted a position with a not-for-profit organization. Companion animal internships were the most commonly selected species focus (494/664 [74.4%]), followed by equine (135 [20.3%]), food animal (12 [1.8%]), zoological or exotic animal (11 [1.7%]), and mixed animal (8 [1.2%]) internships and internships involving other specialties (4 [0.6%]).

Respondents who reported they accepted an internship were asked about their primary reason for doing so. Of the 665 who answered, 324 (48.7%) indicated they planned to apply for a residency, 148 (22.3%) indicated they wanted to practice better medicine, 105 (15.8%) believed they needed more training before entering veterinary practice, and 80 (12.0%) reported they felt they required an internship to obtain employment in their desired position. Two (0.3%) respondents indicated they believed they would earn more money in veterinary medicine by doing an internship, 2 (0.3%) indicated they were not able to obtain a position in other aspects of veterinary medicine, and 4 (0.6%) indicated they chose to participate in an internship for reasons other than the choices listed on the survey.

Specialty Board Certification

Overall, 834 of the 2,737 (30.5%) respondents indicated they were planning to pursue certification in an AVMA-recognized specialty. When respondents were asked to indicate their likely area of specialization (with respondents able to choose > 1 area), 200 (24.0%) indicated internal medicine (cardiology, neurology, or oncology), 154 (18.5%) selected surgery, 104 (12.5%) selected emergency and critical care, 88 (10.6%) selected zoological medicine, and 75 (9.0%) selected veterinary practice. The least frequently selected response options were poultry medicine (11 [1.3%]), microbiology (9 [1.1%]), nutrition (6 [0.7%]), clinical pharmacology (4 [0.5%]), and toxicology (3 [0.4%]).

Base Starting Salary

Respondents who had accepted a full-time or continuing education position were asked to describe the method of compensation. Of the 2,391 respondents who had accepted full-time positions, 1,443 (60.4%) indicated they would receive a guaranteed salary (or stipend) with no option for a production bonus, 889 (37.2%) indicated they would receive a base salary (or stipend) with a production bonus, 22 (0.9%) indicated they would be paid solely on a production basis, and 37 (1.5%) were uncertain. Overall, 2,375 of the 2,391 (99.3%) respondents identified the full-time or advanced education position they had accepted as well as their expected income (Figure 1).

Figure 1—
Figure 1—

Relative frequency distribution of starting salaries of year-2019 graduates of US veterinary medical schools or colleges who accepted full-time positions in private, public, or corporate practice or in a continuing education program. Salary information was provided by 2,375 of 2,391 (99.3%) respondents who had accepted a full-time position in practice or in an advanced education program.

Citation: Journal of the American Veterinary Medical Association 257, 3; 10.2460/javma.257.3.292

To provide a more accurate measure of changes in starting salary over time, an index that held variables (eg, geographic location and type of position) constant if they explained a significant (P < 0.05; multiple linear regression) amount of the variation in salary was used to calculate the weighted mean starting salary. Because of cost of living, veterinarians in urban areas were typically paid higher salaries than those in rural areas. Thus, without this adjustment, an increase in the proportion of veterinarians who accepted jobs in rural areas could have depressed the overall mean starting salary, even if salaries increased in both rural and urban areas. By use of this index, we estimated that the weighted mean salary of respondents who accepted full-time positions in 2019 was $84,982 (unweighted mean salary, $86,031), which represented a 4.2% increase from the weighted mean salary of $81,571 for graduating students who had accepted full-time positions in 2018.1

The unweighted mean salary (stipend) for respondents who accepted advanced education offers in 2019 was $34,932, representing a 3.1% increase from the unweighted mean salary of $33,879 for graduating students who had accepted advanced education offers in 2018.

Of the 35 respondents who had accepted full-time positions in food animal–exclusive practices, 21 (60.0%) were offered a starting annual salary of ≥ $80,000, 11 (31.4%) were offered a starting annual salary between $60,00 and $79,999, and 3 (8.6%) were offered a starting annual salary between $30,000 and $59,999 (Table 2). This variation in starting salaries was likely explained by differences in cost of living resulting from geographic disparities. By contrast, of the 915 respondents who had accepted full-time positions in companion animal–exclusive practices, 746 (81.5%) were offered a starting annual salary of ≥ $80,000, and only 29 (3.2%) were offered a starting annual salary of ≤ $59,999. Of the 28 respondents who had accepted full-time positions in equine practice, 5 (17.9%) were offered a starting annual salary of ≥ $80,000, 10 (35.7%) were offered a starting annual salary between $50,000 and $79,999, and 8 (28.6%) were offered a starting annual salary between $30,000 and $49,999.

Table 2—

Distribution of full-time starting annual salaries of year-2019 graduates* of US veterinary medical schools and colleges, classified by type of employment.

Salary range ($)FAE (n = 35)FAP (n = 48)MIX (n = 244)CAP (n = 268)CAE (n = 915)EQU (n = 28)PUB (n = 94)AEP (n = 743)Overall (n = 2,375)
≤ 29,9990.40.40.317.93.231.410.4
30,000–39,9995.72.12.00.70.821.42.136.112.3
40,000–49,9996.30.41.91.07.15.325.69.1
50,000–59,9992.92.12.50.71.110.79.65.93.2
60,000–69,9998.614.619.34.12.814.322.30.55.2
70,000–79,99922.933.341.415.312.510.723.40.312.9
80,000–89,99928.631.320.924.326.67.121.30.117.1
90,000–99,99917.18.36.122.825.43.65.313.6
≥ 100,00014.32.17.029.929.67.17.40.116.2

For each type of employment, values indicate the percentage of respondents who reported salary in a given range.

Includes respondents who accepted a full-time position in federal, state, or local government; a college or university; industry or commercial organization; a not-for-profit organization; or other employment not listed separately.

Includes respondents who accepted advanced education offers in a residency, internship, master's, PhD, or other educational program not listed separately.

—= No observations in this category. AEP = Advanced education program. CAE = Companion animal exclusive. CAP = Companion animal predominant. EQU = Equine. FAE = Food animal exclusive. FAP = Food animal predominant. MIX = Mixed animal. PUB = Public and corporate practice.

See Table 1 for remainder of key.

Starting annual salary was reported by 665 respondents who had accepted an internship. Of these, 438 (65.9%) were offered a starting annual salary between $30,000 and $59,999, and 224 (33.7%) were offered a starting annual salary of ≤ $29,999. Of the 58 respondents who had accepted a residency, 50 (86.2%) were offered a starting annual salary between $30,000 and $59,999.

Benefits and Additional Compensation

Respondents who had accepted a full-time or continuing education position were asked whether they expected to receive additional benefits as part of their employment compensation. Of the 2,375 respondents reporting the sector in which they had secured employment and their starting salary, 2,349 (98.9%) reported they would receive additional benefits (Table 3). Overall, the most common benefits were paid vacation leave (1,913 [80.5%]), a medical or hospitalization plan (1,877 [79.0%]), continuing education expenses (1,816 [76.5%]), licensing fees (1,721 [72.5%]), liability insurance (1,580 [66.5%]), and discounted pet care (1,523 [64.1%]).

Table 3—

Additional benefits reported by year-2019 graduates* of US veterinary medical schools and colleges, classified by type of employment.

Type of benefitPrivate practice (n = 1,538)Public or corporate practice (n = 94)Advanced education program (n = 743)Total (n = 2,375)
Paid vacation leave1,364 (88.7)82 (87.2)467 (62.9)1,913 (80.5)
Medical or hospitalization plan1,197 (77.8)87 (92.6)593 (79.8)1,877 (79.0)
Continuing education expenses1,395 (90.7)44 (46.8)377 (50.7)1,816 (76.5)
Licensing fees1,293 (84.1)38 (40.4)390 (52.5)1,721 (72.5)
Liability insurance1,129 (73.4)49 (52.1)402 (54.1)1,580 (66.5)
Discounted pet care1,165 (75.7)22 (23.4)336 (45.2)1,523 (64.1)
Association dues1,150 (74.8)19 (20.2)217 (29.2)1,386 (58.4)
Continuing education leave1,107 (72.0)43 (45.7)210 (28.3)1,360 (57.3)
Paid sick leave975 (63.4)76 (80.9)232 (31.2)1,283 (54.0)
Dental plan787 (51.2)73 (77.7)372 (50.1)1,232 (51.9)
Tax-deferred retirement plan783 (50.9)60 (63.8)145 (19.5)988 (41.6)
Disability insurance604 (39.3)52 (55.3)243 (32.7)899 (37.9)
Paid legal holidays721 (46.9)73 (77.7)75 (10.1)869 (36.6)
Employer contribution or matching to tax-deferred retirement plan763 (49.6)43 (45.7)55 (7.4)861 (36.3)
Life insurance420 (27.3)60 (63.8)175 (23.6)655 (27.6)
Personal use of vehicle218 (14.2)17 (18.1)47 (6.3)282 (11.9)
Other95 (6.2)0 (0.0)33 (4.4)128 (5.4)
Informal profit-sharing plan (not tax deferred)56 (3.6)3 (3.2)2 (0.3)61 (2.6)
Total1,526 (99.2)91 (96.8)732 (98.5)2,349 (98.9)

Data are given as number (%) of respondents.

See Table 1 for remainder of key.

Of 1,538 respondents who reported accepting a position in private practice, 1,526 (99.2%) indicated they expected to receive additional benefits. The most common benefits were continuing education expenses (1,395 [90.7%]), paid vacation leave (1,364 [88.7%]), licensing fees (1,293 [84.1%]), a medical or hospitalization plan (1,197 [77.8%]), and discounted pet care (1,165 [75.7%]). For 94 respondents who reported accepting a position in public or corporate practice, the most common benefits were a medical or hospitalization plan (87 [92.6%]), paid vacation leave (82 [87.2%]), paid sick leave (76 [80.9%]), and a dental plan (73 [77.7%]). Of 743 respondents who reported accepting a position in an advanced education program (inclusive of internships and residencies), 732 (98.5%) indicated they expected to receive additional benefits.

Respondents were asked to report whether they expected to receive a signing bonus, moving allowance, emergency case compensation, housing allowance, or student loan repayment assistance as additional compensation (Table 4). Among the 1,538 who reported accepting a position in private practice, 462 (30.0%) received a signing bonus, 327 (21.3%) received a moving allowance, 98 (6.4%) received emergency case compensation, 13 (0.8%) received a housing allowance, and 108 (7.0%) received student loan repayment assistance. Among the 94 who reported accepting a position in public or corporate practice, 8 (8.5%) received a signing bonus, 22 (23.4%) received a moving allowance, 13 (13.8%) received a housing allowance, and 3 (3.2%) received student loan repayment assistance. Among the 743 who accepted a position in an advanced education program, 4 (0.5%) received a signing bonus, 20 (2.7%) received a moving allowance, 19 (2.6%) received emergency case compensation, 19 (2.6%) received a housing allowance, and 1 (0.1%) received student loan repayment assistance.

Table 4—

Additional compensation anticipated during the first year of employment in full-time positions for year-2019 graduates* of US veterinary medical schools and colleges, classified by employment type.

Type of additional compensationEmployment typeNo. (%) of respondentsMean ± SD value ($)
Signing bonus
 Private practice462 (30.0)6,517 ± 5,396
 Public or corporate practice8 (8.5)5,188 ± 3,023
 Advanced education4 (0.5)3,500 ± 4,491
Moving allowance
 Private practice327 (21.3)2,984 ± 1,880
 Public or corporate practice22 (23.4)4,114 ± 3,624
 Advanced education20 (2.7)1,298 ± 1,210
Emergency case compensation
 Private practice98 (6.4)5,711 ± 4,264
 Public or corporate practiceNAN A
 Advanced education19 (2.6)3,231 ± 2,698
Housing allowance
 Private practice13 (0.8)12,000 ± 6,630
 Public or corporate practice13 (13.8)14,800 ± 14,013
 Advanced education19 (2.6)8,650 ± 13,160
Student loan repayment assistance
 Private practice108 (7.0)4,474 ± 5,547
 Public or corporate practice3 (3.2)33,333 ± 5,774
 Advanced education1 (0.1)15,000

Values were based on information from 1,046 respondents who indicated they would receive ≥ 1 type of additional compensation to supplement their salary; not all respondents provided values for this compensation.

NA = Not applicable.

See Table 1 for remainder of key.

Educational Debt

Respondents were asked to indicate how much educational debt they had when they began veterinary school and their total anticipated debt at the time of graduation; 2,720 of 2,737 (99.4%) survey respondents provided this information. The amount of educational debt accumulated during veterinary school was determined by subtracting entering debt from anticipated debt at graduation; the frequency distribution was summarized (Figure 2). Among the 2,720 respondents providing educational debt information, 1,445 (53.1%) reported accumulating ≥ $150,000 of educational debt during veterinary school (Table 5). The mean educational debt accumulated during veterinary school for all respondents (n = 2,720) was $149,877 (median, $156,597). Excluding respondents who reported that they did not accumulate any educational debt during veterinary school (n = 496 [18.2%]), the mean educational debt accumulated during veterinary school for year-2019 graduates was $183,302, compared with $183,014 for year-2018 graduates.

Figure 2—
Figure 2—

Relative frequency distribution of educational debt accumulated during veterinary school for year-2017 (n = 2,613; blue bars), year-2018 (2,758; orange bars), and year-2019 (2,720; gray bars) graduates of US veterinary medical schools and colleges.

Citation: Journal of the American Veterinary Medical Association 257, 3; 10.2460/javma.257.3.292

Table 5—

Distribution of educational debt accumulated during veterinary school for year-2019 graduates* of US veterinary medical schools and colleges.

Educational debt ($)Percentage of respondentsCumulative percentage
None18.218.2
1–24,9992.520.8
25,000–49,9992.623.4
50,000–74,9993.526.9
75,000–99,9995.132.1
100,000–124,9996.838.9
125,000–149,9998.046.9
150,000–174,99911.057.9
175,000–199,99910.568.4
200,000–224,9998.676.9
225,000–249,9994.681.5
250,000–274,9994.586.0
275,000–299,9993.389.3
300,000–324,9994.393.6
325,000–349,9992.896.4
350,000–374,9991.898.2
375,000–399,9991.099.2
≥ 400,0000.8100.0

Values were based on information from 2,720 respondents who answered questions about debt. Cumulative percentage represents the percentage of respondents who had debt less than or equal to the specific range's upper limit (eg, 32.1% of respondents reported debt ≤ $99,999).

The frequency distributions of educational debt accumulated during veterinary school for students who graduated each year from 2017 to 2019 were compared (Figure 2). The percentage of 2019 respondents who reported accumulating ≥ $250,000 in educational debt (18.5%) was similar to the percentage of 2018 respondents who reported accumulating this much educational debt (18.7%). The percentage of 2019 respondents who reported no educational debt (18.2%) was almost 1 percentage point higher than the percentage of 2018 respondents who reported no educational debt (17.3%).

References

1. Bain B, Salois M. Employment, starting salaries, and educational indebtedness of year-2018 graduates of US veterinary medical colleges. J Am Vet Med Assoc 2019;254:10611066.

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Appendix

Response rates for fourth-year students at the 30 schools and colleges of veterinary medicine in the United States who participated in a 2019 survey of employment, starting salaries, and educational indebtedness.

Veterinary school or collegeResponse rate of graduating class (%)
Auburn University100
Colorado State University64
Cornell University99
Iowa State University74
Kansas State University53
Lincoln Memorial University100
Louisiana State University100
Michigan State University67
Midwestern University70
Mississippi State University100
North Carolina State University100
The Ohio State University80
Oklahoma State University100
Oregon State University65
Purdue University100
Texas A&M University99
Tufts University72
Tuskegee University100
University of California-Davis100
University of Florida94
University of Georgia96
University of Illinois79
University of Minnesota92
University of Missouri91
University of Pennsylvania78
University of Tennessee98
University of Wisconsin96
Virginia Tech100
Washington State University60
Western University of Health Sciences84
Overall response rate86.2

Contributor Notes

This article has not undergone external peer review.

Address correspondence to Dr. Bain (bbain@avma.org).
  • Figure 1—

    Relative frequency distribution of starting salaries of year-2019 graduates of US veterinary medical schools or colleges who accepted full-time positions in private, public, or corporate practice or in a continuing education program. Salary information was provided by 2,375 of 2,391 (99.3%) respondents who had accepted a full-time position in practice or in an advanced education program.

  • Figure 2—

    Relative frequency distribution of educational debt accumulated during veterinary school for year-2017 (n = 2,613; blue bars), year-2018 (2,758; orange bars), and year-2019 (2,720; gray bars) graduates of US veterinary medical schools and colleges.

  • 1. Bain B, Salois M. Employment, starting salaries, and educational indebtedness of year-2018 graduates of US veterinary medical colleges. J Am Vet Med Assoc 2019;254:10611066.

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