1,378 respondents completed a survey from the compensation subcommittee of the AAEP’s Commission on Equine Veterinary Sustainability. This article shares some of the survey results and opportunities. The average salaries for those in the graduation years 2016–2019 was $88,973 for example.
The charge of the committee is “To ensure that members understand what current financial numbers are, what the market demands at present, and what actions they can take to increase their salaries, benefits and overall compensation to be competitive and equitable with the goal of making compensation more attractive to pursuing a career in equine practice.”
Source: EquiManagement, February 17, 2023. Link. The Compensation Committee will utilize AAEP channels to educate practice owners in the following areas:
- appropriate fee setting
- the need for regular fee increases
- fee collection/accounts receivable management
- control of costs of running a practice
- the value of participation in peer mentorship groups