Full-Time, or Contract?
Check the news websites these days and very often, one of the top stories is on the downward-spiraling economy and how to survive it. Where to find hot jobs, making the most of unemployment and rethinking career choices are top "sellers" as far as news goes. I saw one such story just this morning. The topic was contract work versus full-time employment (FTE) and which professional fields pay the most dividends. Turns out, according to an AOL.careers/PayScale report of the Bureau of Labors Statistics (May 2008), physical therapy is on top of the list. Contract PTs median annual pay lists at $78,400, a 15-percent increase over the median annual of those with full-time general positions. This applies to therapists with master's degrees as well as doctorates.
The story also reiterated what a lot of reports have stated: considering the state of jobs across the country, physical therapy continues to do well, expecting to hire much faster than average over the next 10 years. Though it takes an investment of time and money to complete the degree required, the returns on that investment are great in terms of employment potential and the ability to dicker for more dollars in your contracting rate, the article stated.
Are you a PT who has considered seeking contract work rather than a full-time position? What are the pros and cons of such a choice?