I gave this a subject a lot of thought when I got accepted and had to finally face down what the degree would cost. I'm out-of-state but I had enough college savings for a few semesters so my ending debt will probably wind up being about average. Before you start a program like this you need to know there is something at the end of the tunnel to make it worthwhile. I'm not talking riches, or course (we animal lovers are suckers). But there had sure be a job!
While I was extremely bitter during the application (and rejection) process about the limited number of vet schools (and seats) in our country as well as the fact that my state didn't have its own, I have now realized what a blessing it is to have the AVMA looking out for us. Power over accredition is an amazing thing.
Recently I've been reading a lot about law schools due to an informative article the NYT published the other day (
http://www.nytimes.com/2011/01/09/business/09law.html). This also linked me to some blogs to read where JD students and graduates are trying to expose the "scam" that is law schools. You laugh, but they are truly depressing to read. While it has always been fairly self evident to me that there were too many lawyers for the demand I don't think I fully recognized the extent of the problem. It's a fun profession to pick on... but they graduate 43,000 students a year in the US (as you know, vet schools graduate about 2,500). Unlike vet schools they also have a ratings system that gives you a pretty good idea of the caliber of student being let into a particular school. I know that different vet schools and facilities have their strengths but in vet schools there is definitely no such thing as a "Triple Tier Toilet"... all schools get top-notch students because the competition is high (at least based on test scores, grades, experience, and LOR of course).
But here is what they let happen. If boo-hoo you couldn't get into law school... here is a newer school they built that will accept you. And they'd build it in some region that was supposedly devoid of lawyers and needed to make its own supply. Now they are all spitting out graduates and have completely saturated the market. I think it was completely irresponsible of the bar association to allow that to happen. But law schools are fast money and it's fairly easy to throw together a new school... a library and professors and you're set. You don't have to build expensive laboratories.
I've just seen several family members and family of close friends play the whole law school game and lose. They went to highly ranked schools and aren't doing well at all. I refuse to believe that there is something wrong with all of them that they couldn't get anywhere in the profession. They are all doing something fairly unrelated now (although after some frantic scrounging they have seemed to find something relatively decent to do).
Those schools cook numbers and tell the kids that the prospects for employment at graduation are great. The truth is grim. There's another batch of screwed law students graduating soon.
I think a few times that the ABA has tried to prevent a school from being built and saying they won't accredit it if the school is built they've been threatened with anti-trust and anti-monopoly litigation. That's kind of sickening.
Meanwhile, the vet schools are graduating 2,500 a year. I like our odds a lot better than some of the other professional careers out there. And this is an economic downturn so this should be us at our gloomiest and I haven't found any blogs from DVMs forced to work at Home Depot or something.
I feel like the vet schools and the articles I've read are relatively honest - they emphasize over and over again about how much a realistic veterinary salary is and how much the degree will cost. Articles I've read talk about new graduates only having a few job offers and not getting to be as picky but I haven't heard anything out of distressed graduates? How are your friends and classmates doing?
If the worst it gets is that I can't live near my favorite skiing and beaches for a few years to get a job, I think we're doing okay. Maybe there's room for me in my home state that doesn't have a vet school.
I do think that Banfield needs to butt out of this international accreditation business, though. (
http://www.avma.org/onlnews/javma/may10/100515a.asp) If you need vets in the US that speak Spanish why don't you assist US students by funding Spanish language labs? Although I guess I can see the benefits in snapping up DVMs that don't have to go $100k into student debt. Then you don't have to help us with ours by hiring us. (I told a couple of my non-US friends about this and they totally called me out. I won't repeat what they said. But whatever. One of them is only paying $500/semester at university for his advanced science degree...)
Banfield also funded the renovation of UNAM's teaching hospital, which was developed into a specialty hospital, and a language laboratory for the school's students to learn English as a second language.