Australia's largest stock trading and investment forum Australia's #1 stock forum

GXL

Click for more information

0.00%

$5.54 greencross limited

Shortage of vets, page-60

First 60 Last

Share
Profile

Follow
WinstonSmith84

445 Posts.

14

10/08/18

14:19

Post #: 34860093
Share

Originally posted by wintervet ↑

It used to be different. Young, often male vets would start in practice at age around 23. Work hard learning real veterinary medicine hands on. Often with mixed practice experience. Around age 30 they would be very strong capable vets. They would aim to be an associate in their practice, buying in before age 35. Settle in and then buy out their retiring partner. Run the practice till 45 or so, invite the next decent kid in behind them after watching them work hard and prove themselves. 45 to 55 years enjoy the fruits of your labor and sell out and retire.
You would earn 3 to 4 times you usual salary owning the practice and sell out at 2.5 to 3 times ebit or similar . Professional etiquette was you didn’t advertise and you didn’t open a practice on a colleagues patch.
Back then you joined a profession. The big box aggregators want to offer you a job in a pet shop plus they want to hold your wages at less than 5.5 times earnings. Go figure. That’s where the vet shortage starts.

Expand

So what sort of wage would a salaried vet get these days or what would be the range of hourly pay rates?

GXL Price at posting: $4.11 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

EUR

European Lithium snaffles prospective Irish project

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

There are more pages in this discussion • 1 more message in this thread...

First 60 Last

Add GXL (ASX) to my watchlist

SPONSORED BY