Insights From Our Editors

Best Reach for Excellence 2014

ROB’s Reach for Excellence column in 2014 addressed topics such as how much ODs are earning, which geographic region is most profitable for ODs to practice in and if there is a gender pay gap.

How Much Are You Earning?

The Jobson Optical Research’s 2014 ECP Compensation Survey found the average compensation for an owner optometrist in 2013 was $143,146. The average compensation for an employee optometrist was $107,692. That is a difference of $35,454 for one year. If that difference is maintained over the course of a 40-year career, then $35,454 x 40 years equals $1,418,160. >>READ MORE>>

Geography Pays Off: Where Do ODs Make the Most Money?

Are you in control of your money and your life? To find out, here are three questions you need to answer:
1) How much do you make?
2) How much do you keep?
3) Is your money working effectively for you?

First, let’s ask the question: How much do you make? >>READ MORE>>

Is There a “Gender Pay Gap” Between Male and Female ODs?

Data from Jobson Optical Research’s 2014 ECP Compensation Study shows that male owner ODs make $33,000 more than male employee ODs per year. For females the numbers are even higher. A female owner OD makes $36,000 more than a female employee OD per year. What does that work out to over the course of a 40-year career? For the males, the employer OD will make $1.3 million more than the employee. That’s simply taking the difference times 40 years ($33,269 x 40 = $1,331,840). The female OD employer makes $1,465,400 more than the female employee ($36,635 x 40) over 40 years. >>READ MORE>>

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