Anonymous wrote:I work 30 clinical hours a week and graduated 9 years ago.
Student debt- 230k (granted this has gone up- probably 350k now for a reasonable school).
Started a practice from scratch but found an already built out building- loan was 250k. This was in 2020.
400k/year
Average “salary” of a dentist might be 150k but that is W2 wages and includes people who work park time. As a business owner I take home just as many dividends. But wage reports just show W2 salaries.
I will say the job is STRESSFUL (much more stressful than your average person would understand)
Anonymous wrote:I would hate being a dentist though - always in person and on your feet a lot of the time, have to schedule time off far in advance.
Anonymous wrote:to the "people's mouths are GROSS"
yes they are and really, really hard to work in.
my wife and i have practiced together for 35 years in same practice. trust me, it's worth it.
and no way would either of us send our children to Dental School. Insurance and young DDS' who work for corps ruined a great profession.
Anonymous wrote:I would hate being a dentist though - always in person and on your feet a lot of the time, have to schedule time off far in advance.
Anonymous wrote:Anonymous wrote:Anonymous wrote:DH's orthodontist worked in finance for 8 years before going to an Ivy dental school on full scholarship so had no debt and ton of savings and investments.
If you were good at finance, why inna hell would you want to be an orthodontist?
I work in finance and make about $1M at 44. I would 100% rather be an orthodontist. I hate my job
Anonymous wrote:Anonymous wrote:You can not argue against the fact that there has been to significant increase in reimbursement from insurance companies.
If cost of everything including education has gone up but you're still getting paid the almost the same as 20 years ago, then your personal income is going down.
Delta dental pays $36 for a dental cleaning code, same as 20 years ago. The person cleaning your teeth has gone from $36 to $70/ hour now so the dentist is eating the extra cost. TRUST ME on this, its our reality.
I would not send my kids to dental school.
For those who are wondering, average dentist salary is still at 150k, same as it was 2010. Yes there are some that make more but the AVERAGE is 150K, no way around it.
What about GEHA? Or Metlife?
Anonymous wrote:It’s because todays Dentists moved to a different model.
My dentists from the 1960s to 1980s worked out of house they lived in. My dentist growing up took no dental insurance. He did not even have a computer. The emergency after hours number was their home phone number.
The wife, or kid or maybe part time stay at home mom took appointments. You paid by check day of or they mail you a bill you mail back check and wife usually dropped off checks at local bank. They often owned one car as husband worked out of house and wife SAHM. Dentist did cleanings too so no staff or had a local young girl help part time.
Today my dentist lives in an expensive home in Potomac. He rents an expensive office in Bethesda. Him and wife two luxury cars, he takes insurance and has multiple staff front desk as well as multiple employees. It is a very expensive business model. It is not sustainable.
If he got rid of Bethesda office, got rid of staff, got rid of his luxury car and worked out of home and had wife or local college student book appointments and stopped taking insurance his expenses would be way way less. In face he be charging less and making way more
Anonymous wrote:You can not argue against the fact that there has been to significant increase in reimbursement from insurance companies.
If cost of everything including education has gone up but you're still getting paid the almost the same as 20 years ago, then your personal income is going down.
Delta dental pays $36 for a dental cleaning code, same as 20 years ago. The person cleaning your teeth has gone from $36 to $70/ hour now so the dentist is eating the extra cost. TRUST ME on this, its our reality.
I would not send my kids to dental school.
For those who are wondering, average dentist salary is still at 150k, same as it was 2010. Yes there are some that make more but the AVERAGE is 150K, no way around it.
Anonymous wrote:Anonymous wrote:Which dental schools are giving out scholarships? fake news lol
Universities love dental students because - like MBA students - they are cash cows.
+1. Dental and med schools don’t offer full scholarships. That poster is a liar.