According to the latest data from the Bureau of Labor Statistics’ Occupational Employment Statistics, as of 2018, the average annual wage of physical therapists is $88,880. However, physical therapy salaries aren’t this high in every state. In some states, the average annual income is as much as $10,000 less.
Can you make good money as a physical therapist?
The median physical therapist salary in the United States is around $89,000 (an hourly wage of $43). … According to the BLS, the average wage for a college graduate is right around $73,000 a year. So, on average, DPTs earn an extra $16,000 in annual income.
Can you make a living as a physical therapist?
While physical therapy is a well-compensated profession in the United States (the mean annual wage for physical therapists in 2018 was $88,880, according to the Bureau of Labor Statistics) there are still opportunities for higher-paying jobs in the field of healthcare.
Do physical therapists have a good work life balance?
To that end, here is a review of the many advantages of being a physical therapist: Great Pay. Work/Life Balance. Variety of Environments.
How do physical therapists get rich?
Here are eight ways to leverage your PT career to make extra money.
- Pick up extra physical therapy shifts. …
- Provide telehealth services. …
- Become a physical therapy consultant. …
- Offer home therapy services. …
- Become a personal trainer. …
- Become a first aid course instructor. …
- Get into healthcare and physical therapy freelance writing.
Can PT make 6 figures?
Working as a physical therapist is undoubtedly one of the most under-appreciated professions in the medical field. But by fully embracing what it can deliver in the entrepreneurial sense, one can even start earning as much as six figures!
Why is PT salary so low?
It comes down to three reasons why physical therapists are broke: High Student Loans. Low Starting Salaries. Lifestyle Creep.
Is being a PT worth it?
This study concluded that PT school is a good investment “up to a certain amount of student debt.” According to the study, with the average debt level reported by recent US DPT graduates ($86,563), physical therapy’s net present value “was higher than occupational therapy, optometry, veterinary medicine, and …
Do PT or OT make more money?
The average salary for an OT is $83,200 per year. The average salary for a PT is $86,850 per year.
Will physical therapists make more in the future?
Employment of physical therapists is projected to grow 21 percent from 2020 to 2030, much faster than the average for all occupations. About 15,600 openings for physical therapists are projected each year, on average, over the decade.
What are the disadvantages of being a physical therapist?
Disadvantages of Being a Physical Therapist
- Intensive Training. Difficult coursework and training is a disadvantage of pursuing a PT career. …
- Salary Considerations. …
- Physically Demanding Work. …
- Constant Paperwork.
Is Physical Therapy harder than nursing?
It is more difficult to become a physical therapist, at least in the US, due to the purposely high barriers to entry and the limited number of PT programs. PT requires a professional doctorate degree for practice, whereas RN is attainable with an associate degree. Schools of nursing are a dime a dozen.
How stressful is being a physical therapist?
In health care workers, job stress has been linked to reduced quality of patient care. Studies have demonstrated that physical therapists may experience high levels of job stress,11–15 but the scope of the problem is difficult to determine.
Can you be a millionaire as a physical therapist?
People often wonder if they can become wealthy in their profession. In this case as a physical therapist. The answer is yes you can become wealthy with any profession provided you are disciplined enough to do what it takes to do so, and you possess the knowledge needed to do so.
What type of PT makes the most money?
Practice Setting. Another factor that contributes to salary rates for physical therapists: where you treat. According to PayScale.com, home health, long-term care, home care, and geriatric facilities are the highest paying PT areas.
Who is the highest paid physical therapist?
10 States Where Physical Therapists Earn the Most Money
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