Job placement rates per school

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Pugsforlove2014

MSU '19
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Hello all,
I just got accepted into MSU's CVM program, and while I'm ecstatic, it's really all sort of daunting. I know the average IS debt at graduation is about 180K. In light of that, does anyone know about job placements rates at the different CVM's, I've been looking for them but they're not exactly fourth telling on their websites. In addition, does anyone know about the job market for veterinarians in the midwest, Michigan specifically, but the midwest if not. If anyone does have experience, what sort of salaries are the norm for a GP DVM in this area?
 
Hello all,
I just got accepted into MSU's CVM program, and while I'm ecstatic, it's really all sort of daunting. I know the average IS debt at graduation is about 180K. In light of that, does anyone know about job placements rates at the different CVM's, I've been looking for them but they're not exactly fourth telling on their websites. In addition, does anyone know about the job market for veterinarians in the midwest, Michigan specifically, but the midwest if not. If anyone does have experience, what sort of salaries are the norm for a GP DVM in this area?
It depends on the area in Michigan. Overall, Michigan's SA clinic pricing can be pretty outrageous when compared to other states, yet all but one of the vets I know do let me know that they do struggle financially. I'm not sure why, but Ohio's veterinary care is apparently dirt cheap compared to Michigan. I live close to the border and plenty of locals make the drive once a year to save (or if there's a surgery needed, they definitely make the drive).

Google tells me the salary range for a Michigan sample was $50k-$120k. Again, you need to know what area you'd end up in to estimate. Rural SA vets, or city vets on the poor sides of town (does Michigan have any towns with money? Really, do we?) I could see making the low end or even a bit less. That $120k has got to be either a specialist, someone at the school, or industry.

I'd say it doesn't matter what school you go to, your job placement won't change much based on that alone. Nobody really says "Oh, you went to Michigan? You beat out this other applicant because of your school." You can leave the state for a job or go across the country if you need to. You won't die and it doesn't have to be permanent. Take some time to act like you are searching for your first job in Michigan and see how many places are hiring, and where. It will all be completely different in four years, but hopefully you can get an idea of the demand in the state right now. I've never seen job placement rates for any of the schools other than the "__% went into practice, __% started a residency, etc." breakdown.

Edit: I also want to add that I haven't been accepted anywhere yet, but being 3/3 for interviews freaks me out just as much! It is a lot of money and it isn't an easy decision, no matter what school you choose! The best advice I can pass on is to borrow smart, and use your borrowed money wisely. It sounds like common sense, but don't borrow it unless you need to. Same person who gave me that advice then followed with, "I used loan money to buy $3000 worth of aquariums to better house/increase my reptile collection. I didn't need to do that, although I do use them to this day...."

 
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wow interesting to see that the internship % went down so much. wonder if thats real or if thats just skewed by who did and did not report
 
There's this for 1st year breakdowns, but I'm not sure about breakdown by school

https://www.avma.org/KB/Resources/S...esearch-statistics-First-year-employment.aspx

Average 37,000/yr for a resident? No way.

37k in take-home pay is on the very high end; I can only think of a handful of places that pay that - mostly in expensive cities/states. That must be counting the entire employment package e.g. health insurance, benefits, etc in addition to base salary. And even then....
 
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wow interesting to see that the internship % went down so much. wonder if thats real or if thats just skewed by who did and did not report

Considering that only ~40-60% of graduates respond to these surveys every year, it's kind of tenuous data anyways. The people more likely to respond to surveys like this are people who have time and inclination, and usually that means the people with better quality of life/getting paid more.
 
Average 37,000/yr for a resident? No way.

37k in take-home pay is on the very high end; I can only think of a handful of places that pay that - mostly in expensive cities/states. That must be counting the entire employment package e.g. health insurance, benefits, etc in addition to base salary. And even then....

I don't think it's take home pay, I believe it's just yearly salary. A big problem I see with these stats is that they are averages and not medians. I agree that they're probably way skewed from expensive cities, that one guy who makes more than everyone else and etc. That being said, my stipend as a grad student is close to 20k yearly. Not sure about residencies. I assume they would be similar if not more, but what do I know?

In any case yeah, these stats are probably not totally accurate, but I don't think completely useless.
 
Most vet schools don't really have that data. Not everyone responds, not everyone has something figured out at graduation, some people are part time or doing "relief," or taking a job with very little pay, etc... And you're missing info on the fairly large percentage of people going into internships.

There's also the question of quality for your first job. There are a ton of really really horrible vet practices with very high associate turnover rates. A lot of these positions get filled because there weren't other good options available and any employment seemed better than nothing.
 
I don't think it's take home pay, I believe it's just yearly salary. A big problem I see with these stats is that they are averages and not medians. I agree that they're probably way skewed from expensive cities, that one guy who makes more than everyone else and etc. That being said, my stipend as a grad student is close to 20k yearly. Not sure about residencies. I assume they would be similar if not more, but what do I know?

In any case yeah, these stats are probably not totally accurate, but I don't think completely useless.

When I used the term take home pay I was referring to yearly salary, as in what you are assigned before taxes are taken out (which in retrospect was the incorrect term - take home pay is what you literally take home after taxes).

My salary before taxes in residency was $32,000, take home pay maybe around 28k, and we were one of the best paid ones in the country minus UC Davis, Wake Forest's comp med program, and a handful of others (all higher cost of living places) in our specialty.

Counting the tuition reimbursments for the resident/grad courses we take + health benefits + retirement contributions + conference and CE funds as well...that is the ONLY way I could see it being that high.
 
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That being said, my stipend as a grad student is close to 20k yearly. Not sure about residencies. I assume they would be similar if not more, but what do I know?

In any case yeah, these stats are probably not totally accurate, but I don't think completely useless.

The residency I'm looking at (years and years down the road) advertises a $30,000 a year salary with some health benefits and retirement plans. It does not include conference or CE funds. From talking to other surgeons, that's considered pretty average. From talking to other residents, it technically makes you an "unpaid associate" because of the hours you work compared to how much you work.
 
Average 37,000/yr for a resident? No way.

37k in take-home pay is on the very high end; I can only think of a handful of places that pay that - mostly in expensive cities/states. That must be counting the entire employment package e.g. health insurance, benefits, etc in addition to base salary. And even then....

I totally agree with this. I can only think of a handful of programs that pay over 35k/year and I'd be shocked if the average were really this high.
 
Your guess is as good as mine. More than one person used the term, so I assumed it was some colloquial thing. Using the numbers they had, they were working for a decent amount less than minimum wage, so I'm guessing it refers to that.
 
I totally agree with this. I can only think of a handful of programs that pay over 35k/year and I'd be shocked if the average were really this high.
Just out of curiosity, what programs would offer a salary that high? I'm so used to hearing $30k being a 'good' residency salary that seeing a number that high seems crazy.
 
Just out of curiosity, what programs would offer a salary that high? I'm so used to hearing $30k being a 'good' residency salary that seeing a number that high seems crazy.
Not sure as far as particular specialties go but I'm willing to bet any residency paying that much is in an area with a high COL
 
Average 37,000/yr for a resident? No way.

37k in take-home pay is on the very high end; I can only think of a handful of places that pay that - mostly in expensive cities/states. That must be counting the entire employment package e.g. health insurance, benefits, etc in addition to base salary. And even then....
😢

omfg dat debt:income ratio... You guys should really be paid more...
 
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