The AVMA’s veterinary salary estimator, which helps veterinary students and early-career veterinarians explore different employment scenarios and prepare for salary negotiations, has undergone a data update to make it even more helpful to the profession.
A new economic model provides more granular detail, and the tool also has been updated with the latest data available.
Long a trusted resource to guide salary conversations, budgeting, and financial planning, the Veterinary Salary Estimator uses historical data to provide approximate salary ranges for graduating students and early-career veterinarians. It's the perfect tool for veterinarians in the first six years after graduation. (Salaries for veterinarians who have been in the workforce longer are too variable to be estimated this way.)
What’s new in the estimator
Here are some of the improvements incorporated into the updated estimator:
- Salaries are now estimated by state instead of a broader region made up of four or five states. The more specific filter will give you a more accurate starting salary range.
- Data used in the calculations now includes 2020 salary information. The timelier data will also produce a more accurate estimate.
- The overall data model also has been improved, to yield more accuracy.
Current veterinary students also can expect to see additional benefits:
- We’ve added more explanatory variables, which can give you a more accurate estimate of starting salaries in your selected scenario.
- You can now see a range of starting salary offers received by people in your selected scenario, so you can better estimate your potential salary options.
Understanding your results
The information in the veterinary salary estimator is based on historical averages, so it’s an indicator of what has been, rather than what should be. It doesn’t reflect real-time conditions in the job market, nor account for individual differences in skills and experience.
An important part of any salary negotiation is to pinpoint your unique proficiencies and talents and include them in discussions with your current or potential employer. A salary estimator based on recent data—as this one is—can be one important tool in your job search and negotiations.
Ready to explore the updated salary estimator? If you’re a veterinarian who graduated within the last six years, get started on MyVeterinaryLife.com.
Current veterinary students should use the student salary estimator.