Optometrists require 7-8 years of post-secondary education to obtain their professional designation, Doctor of Optometry (OD).
Educational requirements typically include:
There are two schools of optometry located in Canada and seventeen in the United States that are accredited and recognized in Canada.
The US schools offering Optometry training are:
Upon graduation most optometrists are employed as associates in an existing practice before buying in as partners, buying another practice or setting up a new practice. Established optometrists usually work in private practice and own or co-own their practices. They may also own or work from more than one location, known as "satellite" offices. A recent CAO survey revealed the following characteristics:
The cost of studying Optometry in Canada ranges from $60,000 – $70,000 which may be financed by Canada Student Loans and/or personal bank loans. Costs for attending school in the US are significantly higher, ranging from $175,000 - $200,000.
To set-up a new practice, start up costs include capital costs for equipment and leasehold improvements.
The majority of overhead costs arise from the inventory of contact lenses, lenses, glasses frames, and contact lens solutions.
Optometrists are paid at the time services are provided. An optometrist's earnings are determined by several factors including: coverage under provincial medical programs, fee schedules, hours worked, practice location, services provided and patient population.