1st year associate salary

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whodat4life

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Hi Everyone,

It's been forever since my last post, think I was a pre-dent. Anyways, I'm graduating from LLU this year and have been interviewing for jobs on the east coast. The dentist I interviewed with offered $500/day guaranteed or 30%, whichever is highest. I counter offered him with the following:

1) 33% of production (told him avg is 32-35% according to ets)
2) $550 per day guarantee-my fiance is leaving her teaching job and will lose her health insurance and benefits, and the owner informed me that he gives all of his employees $400 per month "med bonus" to buy their own health insurance, so I didn't think my offer was too out of left field.
3) I will pay 33% of my own production lab bill


These are the basics of the contract I offered. The owner informed me that his hygienist makes 90k+ per year, and offered me ~ 108k. I actually was taken back that he would tell me this and then lowball me so quickly, knowing we have such a high debt load coming out of school. I think he would be a great guy to work for, his practice runs very efficiently. The area is very rural, so my fiance will be hard pressed to find a teaching job (one of the only neg things about this job), which is why I sort of incorporated the cost of health insurance into the job. Just wondering if my offer is unfair to him, he told me that he only makes ~180k per year, which I'm not sure to believe or not. He just built a new practice with 5 ops and the ability to expand into 7 ops, as well as expand the lower level into 3-4 additional ops. He is the only dentist in his entire county, has a current patient base of ~5900 pts. Also, two other dentists (the only two) in the next county are set to retire in the next three to five years. I was thinking of possibly buying those two out when they do indeed decide to step down.
 
he told me that he only makes ~180k per year, which I'm not sure to believe or not.

If he is the only dentist in the county and has a patient base of 5900 then his claim about his salary means A) he is FOS or B) he is doing something extremely wrong.
 
If he is the only dentist in the county and has a patient base of 5900 then his claim about his salary means A) he is FOS or B) he is doing something extremely wrong.

Same thing I was thinking. By the way, he accepted my offer of 33% of prod or $550/day guaranteed. I think that's pretty solid coming straight out of school. For the life of me I cannot understand a hygiene number like that. 90k+ for hygiene is preposterous, and he even pays for her to have an assistant. Says it makes productivity from a pure numbers standpoint increase, as well as decrease female drama/stress in the practice. He's not the type to lie about things, so I think he needs a practice management analyst to come in, he's losing lots of money, but what do I know...I'm sure it's harder to run a practice than it seems on the surface.
 
Same thing I was thinking. By the way, he accepted my offer of 33% of prod or $550/day guaranteed. I think that's pretty solid coming straight out of school. For the life of me I cannot understand a hygiene number like that. 90k+ for hygiene is preposterous, and he even pays for her to have an assistant. Says it makes productivity from a pure numbers standpoint increase, as well as decrease female drama/stress in the practice. He's not the type to lie about things, so I think he needs a practice management analyst to come in, he's losing lots of money, but what do I know...I'm sure it's harder to run a practice than it seems on the surface.

180k is merely how much he decides to pay himself from the profit his practice generates, which could be much greater. It sounds like he reinvests a lot of his profit back into the business and for expansion. Based on what you say though there is probably room for significant optimization. The only way to know for sure is to look under the hood at the numbers.
 
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