Salaried vs. Practice

[dWiz]

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ok i have a question, may be kind of stupid, but here goes:

these websites with average "salary" stats about dentists, when they talk about salary are they talking about dentists who are working for somebody and haven't established their own practices yet? is the "average" earning of a dentist who has his own practice typically higher than those who are on salaries. And are most dentists who are on salaries fresh graduates (1-5 years after dental school)?

Maybe i just dont know the meaning of salary, better look it up in the dictionary

 

[Comet208]

This is my understanding:

Eventhough you might be a self employed dentist and not get salary from someone else, you still get a salary from the office! In another words, you designate a salary for yourself since you work there x hrs/week.

on the other hand: Business profit = (collections) - (expenses) which goes to the business owner, aka the dentist (in our case)!

=> so, there are 2 incomes here, one for Salary ( = how much did the dentist earn by practicing dentistry] and another one for Managing the business.

My assumption is that those numbers only reflect the salary and not total earnings of dentists (they could be doing real state on the side too, as many do).

 

[ItsGavinC]

This is my understanding:

Eventhough you might be a self employed dentist and not get salary from someone else, you still get a salary from the office! In another words, you designate a salary for yourself since you work there x hrs/week.
.

In theory you may be correct, but that is not what "salary" websites are looking at. They are looking at those who are employed by another person, not those employed by themselves.

To the OP: Yes, most dentists who are salaried are fresh graduates, with most being 1-3 years out of dental school (or post-grad).