Banfield Pet Hospital, part of the Mars Veterinary Health practice network, has committed up to $8 million annually in additional support of its veterinarians’ well-being, professional development and career growth.
The increased investment nearly doubles Banfield’s annual contribution to student debt relief and triples its continuing education funding for full- and part-time veterinarians.
“These expanded benefit offerings build on Banfield’s long-standing practice of listening to associate feedback and implementing changes to address associate needs,” said Banfield Pet Hospital’s president, Mony Iyer.
More student debt-relief funding will direct up to $450 monthly to full-time Banfield veterinarians. Veterinarians who participated in Banfield’s Student Job Program as DVM students will receive the monthly payments and other loan-relief benefits.
With the expanded CE funding, veterinarians can receive up to $4,000 annually, depending on their schedules. They may spend the money on industry conferences, clinical skills development and membership dues.
“Our goal is to support our doctors’ career growth, health and well-being, which includes financial wellness,” Iyer said. “These benefits allow our associates to focus on what they do best — providing high-quality veterinary care — and also help lead the way for industrywide improvements that create a more sustainable future in veterinary medicine.”
Banfield also reported plans for additional team member benefits in 2025.