The field of physical therapy has increased in popularity over the years. … 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.
Do physical therapists make good money?
How Much Does a Physical Therapist Make? Physical Therapists made a median salary of $91,010 in 2020. The best-paid 25 percent made $106,060 that year, while the lowest-paid 25 percent made $75,360.
How much do physical therapists make right out of college?
Entry-Level PT Salary
According to the Bureau of Labor Statistics (BLS), a typical salary for a physical therapist in the lower 10th percentile starts around $60,390 annually while a salary for a physical therapist assistant in the lower 10th percentile may earn around $33,780 annually, according to 2018 BLS data.
Why do physical therapists get paid so little?
It comes down to three reasons why physical therapists are broke: High Student Loans. Low Starting Salaries. Lifestyle Creep.
What type of physical therapist gets paid the most?
Nursing and residential care facilities offer the highest median pay for physical therapists, according to the Bureau of Labor Statistics.
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.
Do physical therapists make six figures?
But the average salary of PTs, regardless of their doctorate degree, is well below the six figures you might expect of a doctor. In fact, average earnings sit at $88,000 annually, while an outpatient PT salary starts at $70,000 on average.
How hard is it to become a physical therapist?
It is very difficult for most people, and requires a lot of work, but you don’t have to be a top student to be successful. In fact, it is very possible to be a top student and NOT be successful due to the requirements of your clinicals.
Can physical therapists call themselves doctors?
Is a DPT considered a doctor? Technically, yes. Completing a 3-year Doctor of Physical Therapy program qualifies you to use the title “Dr.” in front of your name.
How much do physical therapists make who own their own practice?
A successful private practice can generate between $250,000 and $2,500,000 annually in gross revenue. The take-home profit can be anywhere between 20% to 30% of the total amount of gross revenue.
Is physical therapy worth the debt?
Obviously, a physical therapist earning about $75,000 would have a lot of trouble paying back over $170,000 of student debt. These average numbers don’t show the DPT with $120,000 of debt but $110,000 of income.
Is there a shortage of physical therapists in USA?
The United States is currently in the middle of a national shortage of physical therapists and physical therapy professionals. Estimates show that by 2025, an additional 27,000 physical therapists will be needed to meet growing demand.
Is physical therapy a stressful job?
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.
Who makes more money PT or OT?
The average salary for an OT is $83,200 per year. The average salary for a PT is $86,850 per year.
How much do NFL physical therapists make?
The median salary of the NFL physical therapist is $89,440 (according to the 2019 report). The highest-paid 25 percent of physical therapists get $104,210 per year. The lowest-paid 25 Percent of the NFL physical therapists earn $73,940 per year.
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.