Table 1. Mean Annual Incomes of Selected Professions, 1998
|
Profession |
Mean Income |
|
Physicians and Surgeons |
$102,000 |
|
Dentists |
$92,350 |
|
Lawyers |
$75,890 |
|
Chiropractors |
$67,420 |
|
Optometrists |
$65,470 |
|
Pharmacists |
$60,090 |
|
Physical Therapists |
$57,190 |
|
Veterinarians |
$57,130 |
Source: US Bureau of Labor Statistics
To help identify some of the factors underlying this income stagnation, the American
Veterinary Medical Association commissioned Brakke Consulting to conduct a study
of the business behaviors of small animal practitioners, both clinic owners and
associates. Brakke Consulting, a firm specializing in the animal health and pet
care markets, as well as in veterinary practice management, cooperated on the study
with two professors from the Edwin L. Cox School of Business at Southern Methodist
University. SMU's graduate business program has a strong focus in organizational
behavior research. The study was funded by Bayer Animal Health.
The goal of the study was to identify practices or behaviors that, if recognized
by veterinarians, could help them individually increase incomes either by changing
the behaviors, or by finding ways to minimize their effect.
 Download
the Brakke Study Executive Summary
To purchase a copy of the complete study, please call
the NCVEI at (847)925-1230.
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