I haven't been on SDN for a while, but was told about the post and wanted to address some of the things I see here.
I am a new OD. I graduated in 2013. I finished school with nearly 200K debt from undergrad and grad. I practice in California, arguably one of the highest cost of living and highly OD saturated areas. Living modestly I will very easily be able to pay off my loans in 6 years total (and could have done 4 if I were much more aggressive). At which point I’ll be debt free and easily earning in the top 5% of single income earners in the US.
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You bring up some valid points, I just want to make sure you're not embellishing too much to drive your narrative.
"Many private practices have closed down in my affluent Midwest town, because they couldn't compete with commercial and the growing online demand."
In my short career, I’ve only heard of 1 office closing down completely. And that was secondary to the fact that the OD had a heart attack at 65, was only seeing about 25 patients a week (semiretired) and didn’t want to go through the hassle of selling the practice. Some practices may not be as profitable as they were in the past, but good practices adapt, bad practices take home less money. I think for the OD entrepreneur to just close shop would take multiple repeated years in the red (losing money) and I just don’t see that happening.
"Optometrists don't make money for their eye exams that cost 50 bucks, but instead it comes from glasses and contact sales which are being taken away"
Relatively true. In our parent’s generation the bulk of the revenue came from optical sales. It was very easy for a practice to thrive on just refraction and optical sales. That’s why some retailers offered a “free eye exam” to get the patients in the door and make up the revenue by optical sales. That was a huge disservice to the profession and likely is still the reason why the public’s perception of an eye exam is skewed. However, not all eye exams cost $50. We charged $195 for our eye exams. We charged a fair price for our professional fees, special testing (when indicated), as well as materials.
"Another issue is that there is just way too many optometry schools, and two more that are supposed to be opening this year."
This is a great point. This is one of my biggest fears about the profession and it does need to be addressed, but I don’t know who can or will be able to do anything about it.
"Even commercial places near me are decreasing their starting wages every year for new employed optometrists, because they know that there is already too many optometrists looking for work….. Ive seen job ads near me list a starting wage of 60k."
This is one of those cases where I would love for you to cite your sources. How do you know what the wages have been at the commercial places, and how do you know it’s been decreasing? At this point I’ve been in the industry for ~8 years, 2.5 of which I’ve been a licensed OD, and I don’t have access to this information. 60K for a full time job? Who would advertise that they’re paying 60K? Who would this person expect to apply for a job only paying 60K?
"I did not go to 4 years more after college to learn a lot of pointless things that I won't use (because no corporate setting has any medical treatment)"
Sorry, but every professional school will teach “pointless things” they won’t use most of the time. Dentistry is no exception. I guarantee you every profession on here remembers a lecturer saying “This isn’t important, but you’ll need to memorize it for boards/step/etc.” Implying that ODs (regardless of setting) don’t treat medically is ignorant and offensive. You’re so off the mark on this one I don’t know where to start.
"If you are still on the fence join "ODs on Facebook". You will then see some of the crap that optometrists share."
ODs on FB is like a work water cooler. Personally, I enjoy it more for the clinical content I see on there, but anytime you get a group together they’re going to commiserate on the common struggles.
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In summary, there are challenges to the profession. The fact that new schools opening up is potentially problem for a lot of professions although Dentistry does seem to have somehow “solved” the problem and the problem seems to be amplifying more in optometry the past few years. There are more lucrative career options than optometry. There are also worse options. Picking a career is a difficult process and a lot of things need to be considered but the process is a lot more complicated than “optometry sucks, do dentistry instead.” In the end, optometry has treated me well so far. I think it can be a great career option for bright young individuals, but it would be helpful to understand the potential challenges they have ahead of them for any career they're considering using factual data.