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According to the data (which was gleaned from the bls.gov website, so it's fairly accurate), if you practice in say Richmond VA, avg salary of all optometrists is ~130k. So it would be reasonable to assume you could make 90-110k right out of school in the Richmond area. Look at the cost of housing to see how much this is relative to other parts of the country.
i live right outside of richmond, it is terrible I'd love to move back home and practice when I'm done with school but I definitely wouldn't do it in the city.
My OD went to SCO and was telling me how great it was that if I'm accepted there that I could get regional tuition, he didn't know they took them away a couple years ago.. I don't think VA has regional seats anywhere!
I will be enrolling at Nova this coming August. Considering the massive debt I will be in, I was wondering what I should be expecting to make as an optometrist to start. I've read some websites and pamphlets with conflicting numbers, so I'm a bit confused. Also, what can I expect to be making after 5 years, 10 years, etc.? Thanks!
Is that Canadian or American dollars?
I live in downtown Richmond (fan area) and in response to the post I read earlier saying that Richmond is an area with a large crime rate, that's completely not true. Granted, you have your bad areas; however, that one particular bad area in Richmond is in a place not many people need to/have to visit and in no way would or should affect any optometrist in the Richmond Metro area. Frankly, I would be more than happy to practice in Richmond once I get out of school and on top of that, Richmond is becoming much more of an attractive city due to the many new developments in and around the city. Any person would be a fool to turn down a job offer with a starting salary of 90-110K a year in Richmond.
I have been practicing in rural western Canada for about 4 years. My experience has been great, and the money beyond what I expected. My first gig after optometry school was as an associate at a private practice in a town of ~ 15000. I had a guarenteed minimum of 100k/year, but made 125k in my first year. Second year 139K, third year 150K. Not bad. I have recently purchased my own practice, but once it is paid for (~5-7 years) I will make as a minimum 250K...assuming no increase in gross revenues over the next few years.
The problem with the US is simply a supply/demand issue. Too many ODs, and the schools are to blame. Contrast that with western Canada, where many practice owners advertise for YEARS before getting an associate. I truly think that optometry in the US has to take a serious look at the supply/demand phenomenon, and reduce the number of new grads so that new eye doctors can earn an income more in-line with the educational costs and sacrifices they have made.
JP
There are a lot of factors... Supply and demand. It depends on where you want to live. If you are open to relocation you can do well. tgp511 gave you a good link. I don't want to repeat what is in my site but look here:
http://www.connateholdings.com/optometry/pay.php
The bottom line is that if you move somewhere with a good cost of living and live a little below your means early on coupling that with saving, you can make a very nice living.
optometrist123
http://www.connateholdings.com/optometry/
Hey, way to bring back a 4 year old thread.
Just one correction. You will be hard pressed to find ANY OD making (net) $400,00-$500,000/year. There may be 1 or 2 in the country (if they are selling crack and ****** on the side) but I even doubt that.
Actually.. there are optometrists who make that much.. even more actually.. there are some who net over 1 MIL..
Actually.. there are optometrists who make that much.. even more actually.. there are some who net over 1 MIL..
Actually.. there are optometrists who make that much.. even more actually.. there are some who net over 1 MIL..
Amazing how gullible some people can be.
There is no way an OD is going to make a million dollars.
Actually, there is a way an OD is going to make a million dollars. As KHE said, it won't be done in a solo practice. I think even the 400k is fairly unrealistic for a solo practice, although not impossible. There are large regional practices that have locations that number in the double digits that are owned by optometrists. I can think of one OD that has 15 locations with 28 OD's working for him. These are all nice clinics with state of the art equipment and high end frames - not Lenscrafters, Wal-Mart, Pearle Vision, etc. Each office is no different from a regular private practice other than the fact that they are all owned by one guy. This is just one example. I can think of at least 2 others and I am sure there are a couple that I don't know about. The point is that these situations are not the norm, nor can they probably be repeated in today's market.Amazing how gullible some people can be.
There is no way an OD is going to make a million dollars.
whatever. who are you to call me gullible? I know what I'm talking about. Whether you believe me or not.. thats your decision, but don't insult my integrity.
Agree.
Anyone in optometry school needs to realize they will probably only make $70 to $80 grand when they graduate. Anyone who thinks they will make anywhere near a million bucks a year is living in a fantasy world.
I would say 80-90 for private practice jobs, 100-120k for corporate jobs just out of school.
I know many classmates that sublease busy corporate locations with proper billing are taking home 150k+. May require you to work 6 days/week and weekends though.
The gap between private practice salaries and corporate salaries is increasing.
Like it or not, every year private practice's share of the pie is shrinking. Even VSP (formerly private practice insurance) has gone corporate!!
Banzai is a group of ODs that gross 1 MIL or over. Not NET.
Maybe they don't learn the difference between gross and net until the third year.
Actually.. there are optometrists who make that much.. even more actually.. there are some who net over 1 MIL..
thats the requirement to get in banzai... again.. I know optometrist who GROSS 1 mil. I have no reason to lie to you all.. What am I gaining from it? Some of you on here are always so negative and as soon as someone posts something you have NO knowledge about, you cast stones. Real sad. Grow up.
thats the requirement to get in banzai... again.. I know optometrist who GROSS 1 mil. I have no reason to lie to you all.. What am I gaining from it? Some of you on here are always so negative and as soon as someone posts something you have NO knowledge about, you cast stones. Real sad. Grow up.
thats the requirement to get in banzai... again.. I know optometrist who GROSS 1 mil. I have no reason to lie to you all.. What am I gaining from it? Some of you on here are always so negative and as soon as someone posts something you have NO knowledge about, you cast stones. Real sad. Grow up.
Would you care to clarify what you mean there? Are you talking gross or net? Gross practice or net practice? Gross personal income or net personal income?
Everyone agrees that there are plenty of docs who's practices gross over a million. That's a far far faaaaaar cry from a doctor putting a million dollars into his personal checking account every year.
At first you're claiming ODs NET a million, now you're saying GROSS.
There's a HUGE difference.
Why is it every time one of you students get challenged on something you have to respond with the same "you must have a lousy practice crap"?
[YOUTUBE]E_8dv-lM4ho[/YOUTUBE]I know I'm old now. Someone PLZ tell me how you imbed Youtube clips to the messages
[YOUTUBE]E_8dv-lM4ho[/YOUTUB[b][/b]E]
I guess average salaries are close to $100,000?
What is the average optometrist salary?
Its a really wide range, depending on how many days a week youre working. The average optometrist salary can range from $100,000 to $500,000. Its probably more in the west, but for someone starting off, the average salary is $100,000 to $200,000. In private practice, the average salary depends upon whether youre opening cold or buying a practice. Most optometrists want to buy someones practice so they can start out with a patient base, unless youre in area that is needy, I suppose you can send out flyers, you would see that mostly outside cities.
Taken from: http://blogs.payscale.com/salarystories/2006/12/average_salary__2.html
I guess this person is an OD practicing in California.
I guess average salaries are close to $100,000?
What is the average optometrist salary?
It's a really wide range, depending on how many days a week you're working. The average optometrist salary can range from $100,000 to $500,000. It's probably more in the west, but for someone starting off, the average salary is $100,000 to $200,000. In private practice, the average salary depends upon whether you're opening cold or buying a practice. Most optometrists want to buy someone's practice so they can start out with a patient base, unless you're in area that is needy, I suppose you can send out flyers, you would see that mostly outside cities.
Taken from: http://blogs.payscale.com/salarystories/2006/12/average_salary__2.html
I guess this person is an OD practicing in California.
Hey, way to bring back a 4 year old thread.
Just one correction. You will be hard pressed to find ANY OD making (net) $400,00-$500,000/year. There may be 1 or 2 in the country (if they are selling crack and ****** on the side) but I even doubt that.
That's incorrect. I PERSONALLY know of 2 in my own city that make >500,000 a year. Albeit they have multiple practices and hire ODs to work for them at a reduced rate.
That's incorrect. I PERSONALLY know of 2 in my own city that make >500,000 a year. Albeit they have multiple practices and hire ODs to work for them at a reduced rate.