Businessand personal finance report on new graduates Flashcards
1
Q
what areas does the OVMA survery on new graduates look at?
A
- Compensation
- Living Expenses
- Student Debt
2
Q
are most vets employed full time? part time?
A
~95% full time
~2% part time
~3% unemployed by choice
> nobody unemployed not by choice
3
Q
when do most grads secure their job?
A
- 50% spring of fourth year
- ~23% before christmas of fourth year
- 10% start of fourth year
- 14% after graduation
4
Q
where do most grads work?
A
- 63% companion
- 8% mixed
- 8% emergency
- 5% food animals
- also some locum, internship, residency, other
5
Q
how do new grads find employement?
A
- Externship / previous work exp. ~38%
- OVMA classifieds
- Online
- reference, VIRMP, other
6
Q
median compesnation 2021 and 2022 grads? Intern?
A
2021 - 100,000
2022 - 105,000
Also internship - 30,500
7
Q
associate veterinarian hours worked, compensation, and total years in practice relationship
A
salary caps at ~120,000 around 3-5 years
> but hours worked steadily decreases over the years, and therefore hourly wage is ever-increasing! moreso a choice than a hard cap…
8
Q
proportion of graduating students with debt
A
~78%
9
Q
biggest monthly expenses for new grads
A
- rent / mortgage
- student loan
- food
- car
- car insurance
- transportation
- pets
