Being an associate you’ll likely get paid a minimum like 500 dollars a day and then also have the chance to draw income off of a percentage of collections. Best case scenario if you’re an associate you’re busting your butt clinically to bring home 300k and that’s about it. The average associate makes around 170k. If you own your own practice it’s up to you how much you produce and what your overhead is. For a 1 dentist private practice you could have net collections anywhere from 200k-3million. It really just depends on you, demographics, efficiency, patient base, the procedure you do ect. An average 1 dentist practice operates around 60% overhead. So as the business owner and dentist you’d take home 40% of those collections. Some people run practices with 48% overhead and some with 90%. Again it just depends on you and how you manage your team. If you operate at 50% overhead and collect 1 million you take home 500k. One important thing to know is as an owner the tax benefits are SIGNIFICANTLY more advantageous than an associate. So IMO practice ownership is way better. Read about Justin Short. GP who worked 3 days a week, produced around 1.6 million dollars a year and retired at 38.
