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DENTALTRIBUNE The World’s Dental Newspaper · United Kingdom Edition Published in London www.dental-tribune.co.uk Vol. 10, No. 7 PHILIPS ZOOM Dental Tribune visited Philips in Cambridge to find how research is used to deliver the ultimate tooth whitening experience. MANAGER VERSUS CLINICIAN Practitioners’ expectations of the kind of manager they want for their practice vary considerably in terms of experience and skills. ORTHO TRIBUNE Read the latest news and clinical developments from the field of orthodontics in our specialty sec- tion included in this issue. ” Page 8 ” Page 10 ” Page 17 Graduate premiums do not pay off debt, except for dentists and doctors By DTI LONDON, UK: Medicine and den- tistry appear to be the only two professions in which graduates in the UK are currently able to cover their student debt. Evaluating the lifetime graduate premium, the fi- nancial bonus people expect from obtaining a higher education in any of a variety of disciplines, a report by the Intergenerational Foundation in London found that graduate salaries in the majority of professions are not sufficient to pay off tuition fees. The report cites Sutton Trust research that found that medical and dental graduates have the highest starting salary, earning between £25,000 and £30,000 per year, while graduates in design, journalism or law often receive less than half of that amount. Overall, the value of a degree was cut by up to a third in the five years leading up to 2014, despite a sharp rise in student tuition fees. “Our research proves that the current £100,000 graduate earn- ings premium so often touted equates to an ‘annual bonus’ of just £2,222 over 45 years of work, and is wiped out once National Insurance and Income Tax are taken into account,” Angus Hanton, IF co-founder told The Independent. “Furthermore, the premium is simply not enough to cover the interest accruing on the average loan.” UK students who fall under the £9,000 regime already face the highest debt in the world, with an average of £44,000 owed once they graduate. “Paying off these huge, un- quantifiable and relatively unreg- ulated debts will wipe out any graduate premium in all but the highest-paid professions and for all but the most successful people in business and other fields,” the report explains. “The need for a large graduate premium to justify student loans and the Willetts Tax may well lead students to study only vocational subjects directly linked to highly paid careers in order to pay off their debts,” it fur- ther states. Recent governments have sold intuition fees and expansion of highereducationbypubliclyclaim- ingthatauniversitydegreeyielded a return between £100,000 and £400,000 in additional earnings overalifetime,startingwithhigher education minister Margaret Hodge in 2002. This has led to an increas- ing number of graduates perform- ing non-graduate work in order to repay their student debt. ©Andresr/Shutterstock.com PRINT DIGITAL EDUCATION EVENTS The DTI publishing group is composed of the world’s leading dental trade publishers that reach more than 650,000 dentists in more than 90 countries. AD Brighton © Peter Sterling/Shutterstock.com© George Rudy/Shutterstock.com ©PositiveCommunications Practice valuations continue to rise By DTI LONDON, UK: The latest quarterly report by the National Association of Specialist Dental Accountants and Lawyers (NASDAL) indicates that the average valuation for den- tal practices in the UK increased by another 13 per cent to 124 per cent goodwill last year, with mixed practices perceived as even more valuable than their NHS counterparts. Accordingtothereport,mixed practices are now attracting an average valuation of 155 per cent goodwill, ahead of NHS practices, which are currently attracting 142 per cent goodwill. Sales of practices have also in- creased, by 11 per cent, compared with mid-2014, the report stated. The figures relate to the quar- ter that ended in April this year. They were collated from account- ant and lawyer members of NASDAL in order to give a use- ful guide to the practice sales market. “The market is still very buoy- ant and there is huge demand for NHS practices,” said Alan Suggett, specialist dental accountant and partner at UNW. “With 2018 being the earliest a new contract can begin and a more likely date of 2020 and beyond, many pur- chasers are happy to take the calculated risk.” Reflecting on the potential ef- fects of the Brexit, Suggett said that “banks are certainly letting it be known that they currently see it as business as usual”.