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How much does a dentist make after completing DDS.
How much does a dentist make after completing DDS.
Like Gavin said, there are too many variables to give you a solid answer. The ADA says that the average dentist makes around 180k. Dental Economics says 220k.
Your practice overhead would probably be 55-60% which means your income would be around $201,000-227,000. You may struggle that first year, you may struggle those first 5 years. But even after your seven years of struggling, you will be making (by this example, which is a low estimate) $15,000+ a month. And remember, by your example you will only be around 35 years old. Thirty-five and making about what a teacher makes every month. Not too bad. Better than 95% of the jobs out there.
I wouldn't rely on either survey. Both are biased in favor of dentistry and most dentists do not report their incomes to dental societies.
Check out the range of salaries offered by dental employers in the classified ads, and you'll see that they come close to the average/median dental income reported by the Bureau of Labor.
I don't mean to sound pessimistic but 180k-220k as an average ( which means a good portion earn over 220k ) isn't common.
Can you provide a link to this article?Dental Economics says 220k.
I would say 180-200 is very very much the average. It is easy to make money in dentistry. If you collect $2000 a day you take home $168,000. $2000 a day is NOTHING. It is a root canal, crown, and 2 fillings.
Also, my estimation is a very simple estimation. You are right, it doesn't take into other factors. One would be what would happen if you didn't get a patient in the door for a couple of weeks. I typed it up mainly to show how easy it is to make money in dentistry.
You most likely won't be doing a crown and a root canal every day. (The average dentist does not.)
Can you provide a link to this article?
Can you provide a link to this article?
I absolutely agree with JohnTara. Not only does his simple explanation take an AVERAGE it takes a very very conservative amount of procedures in hand. If you get into the right area and are good you can with some elbow grease make 10K a day.
If you lack judgement or can't seem to hit your stride you will make 1K a day. If this is the case, hire a dental specialist business consultant and turn it around. The investment into him will be worth it. Or call your buddy from school who has the 6000 sq ft house and ask him for advice.
Cold Front, yes. My dad has an office in a minority community and he doubles the average income. He's also been there for 25+ years, so maybe that matters. Johntara is right, everyone else is wrong.
I will tell you that I graduated in 2006, and I'm on track to make more than 130,000 my first year. I work 4.5 days a week.
I am starting to realize that there is a great business potential in minority communities. Somehow, I always thought it would be the opposite.Cold Front, yes. My dad has an office in a minority community and he doubles the average income.
What is the pay for Dentist as of 2012 who have just completed their DDS?
The person, who revived this old thread, simply wanted to know if there is a change in the associate salary in the last 5 years. It is not a good sign, if the associate dentist's income remains the same in the last 5 years. To account for inflation and rising cost of living, the new grad dentists in 2012 need to make 5-10% more than what the new grad made in 2007. The average student loan debt in 2007 was also a lot lower than it is right now. Food, rent, gas price, health insurance premiums etc have also increased significantly in the last 5 years. I have to spend $100 more every month (compared to 5 years ago) to fill up my car's gas tank. Before the new healthcare law was passed in 2010, I only paid $650/month for my family's health insurance. Now, the monthly healthcare premium is at $ 1080/month…and this premium keeps on rising every 3 months. For an old fart like me, there is no problem with such rising cost of living. It is definitely a huge problem for the new grad dentists who owe $300-400k in student loans.Old thread
The person, who revived this old thread, simply wanted to know if there is a change in the associate salary in the last 5 years. It is not a good sign, if the associate dentists income remains the same in the last 5 years. To account for inflation and rising cost of living, the new grad dentists in 2012 need to make 5-10% more than what the new grad made in 2007. The average student loan debt in 2007 was also a lot lower than it is right now. Food, rent, gas price, health insurance premiums etc have also increased significantly in the last 5 years. I have to spend $100 more every month (compared to 5 years ago) to fill up my cars gas tank. Before the new healthcare law was passed in 2010, I only paid $650/month for my familys health insurance. Now, the monthly healthcare premium is at $ 1080/month and this premium keeps on rising every 3 months. For an old fart like me, there is no problem with such rising cost of living. It is definitely a huge problem for the new grad dentists who owe $300-400k in student loans.
Things are bouncing back. Some people may disagree, but the economy is getting healthier. It'll take a few more years, but things will get better for dentists. The student loan burden can be ridiculous though.