What is the standard pay for specialist veterinarians?
In terms of percentages, there are differing opinions about what the total percentage of production should be. It varies from 22% to 27.5% for internal medicine and oncology practices, which does NOT include benefits. Benefits usually account for 2.5% of total production.
I typically advise owners to pay young specialists who have less than five years’ experience at the lower end of the range and specialists with 10 years or more of experience at the higher end of the range. The MOST you ever want the total compensation to be is 30% for someone seasoned and 25% for a newbie.