What Are You Earning?

Extracted from an article entitled 'A comparison of earnings across professions' - An analysis of the earning of veterinarians requires looking separately at employed vets and at partners in veterinary practices as earnings differ considerably depending on their position. It should also be noted that vets are employed in other capacities (at universities, government departments e.g. DEFRA etc) which have not been taken into account in this analysis. The table below summarises the earnings of veterinary assistants (employed vets) in 2004/05. This table indicates that salary progression within the profession is very limited for those vets who do not establish or buy into a partnership. A newly qualified vet can expect a salary of around £28,500 (up to £39,500 max) with their earnings peaking 8 to 10 years into their career at around £42,000 (£59,000 max). These earnings figures represent total remuneration and include benefits in kind such as cars, accommodation, CPD expenses etc. Earnings of employed veterinarians

Years PQE	N	Min £ pa	Median £ pa	Max £ pa
0	79	20,380	28,500	39,500
1	88	15,036	30,413	42,450
2	84	14,901	31,375	43,400
3	41	24,700	32,320	48,800
4	26	25,100	34,550	46,950
5	25	29,200	37,000	48,300
6	22	27,800	38,546	53,400
7	18	29,150	38,645	55,000
8	20	31,000	42,000	53,600
9	6	31,858	38,008	46,020
10	11	31,900	41,334	59,000
11-15	26	30,600	41,014	54,103
16-20	5	35,250	36,747	39,500
>20	9	31,260	38,000	54,000

Society of Practicing veterinary surgeons (SPVS) salaries survey Jan 2005) The earnings of partners in veterinary practices are more difficult to estimate. ANVAL (The advisory service on practice management and finance) produce an annual economic report, from the annual survey of veterinary practices. This report looks at all the financial aspects of veterinary practices and includes national median figures for net profit per partner and notional salary per veterinary surgeon, these are included in the table below. Earnings of veterinary partners

	National medians £ pa
Net profit per partner	87,202	(profit prior to any deductions for tax, NI, pension, insurance, interest on borrowings etc.)
Notional salary per VS	54,588

ANVAL Annual practice survey 2004.

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