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Salary by Industry
In simplest terms, pharmacist salaries are unique in that pharmacists often walk directly into a 6-figure income after graduation. The ranges, of course, depend largely on factors like location State, rural vs urban , years of experience, level of education, and other variables. California, for example, has the highest paying ranges, but that’s due to the extremely high cost of living. Growth is expected to hover around 6 percent, which is just under the projected average of 7 percent for all occupations. Between now and , BLS predicts that an aging baby-boom generation and higher rates of chronic disease such as diabetes will increase demand for prescription medications, which is projected to increase demands for pharmacists in some healthcare settings. Positions in traditional retail settings like grocery stores are predicted to decline in the face of increasing mail order and online pharmacy sales. BLS also recognizes that the growth in the number of pharmacy schools will create more graduates and, as a result, competition for jobs. To that end, BLS predicts that residency programs could improve job prospects. In addition to this information from BLS, we compiled information from a variety of sources to develop the most complete picture of pharmacy salaries in the U. Drug Topics reports that only 58 percent of pharmacists expect to get a raise in the next year, compared with 67 percent who expected to get one in The website also reports that overall compensation for pharmacists has changed as well, with only 43 percent receiving additional income in the form of bonuses, commission, and profit-sharing.
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Of the pharmacists who started new jobs in , fewer than 2. Of those, 33 percent received relocation stipends and 3 percent got new cars. Finally, Drug Topics reports that job demands have increased along with pay, and as stress levels climb, job satisfaction seems to be sinking. In a separate study of the 25 cities with the highest pharmacy salaries, Drug Topics found that 16 were in California, 4 were in Texas, and Arizona, Georgia, New Hampshire, and Alabama each had one. No cost-of-living adjustments were considered. Overall, many of the cities with higher pay reside on the west coast, while many east coast cities lag behind their western counterparts. Additionally, Payscale. Conversely, pharmacists with experience in oncology, compounding, pharmacotherapy, and mail order pharmacy did not benefit financially from their skill sets. In a study of pharmacy salaries, U. The report also noted that opportunity for advancement and stress levels are both higher than average for pharmacists. Within those results, the study found that retail pharmacy expanded, with the greatest amount of growth occurring in drugstores.
Paying off student debt on a pharmacist’s salary
Pharmacists primarily prepare and dispense medications to individuals prescribed by a doctor or other licensed health practitioner. These professionals also advise patients and medical professionals regarding prescription medications, their side effects, interactions with other drugs and proper dosages. Health and personal care stores employed by far the most pharmacists as of May , with nearly , on their payrolls. The salary for pharmacists varies in different metropolitan areas. The highest average salary was in the El Centro, Calif.
Average Salary & Benefits
High Demand for Pharmacists Another reason pharmacists make so much is that there is a high demand for pharmacists in many parts of the country. What Is the Average Pharmacist Salary? Pharmacists compound preparations, fill prescriptions, educate consumers about their medication and how to take it, and other duties. Your first step would be earning a bachelor’s degree so you could be accepted into a pharmacy program or school.
Pharmacist
Retail pharmacists spend a majority of their time processing and filling prescriptions, interacting with customers, and watching for potential side effects and interactions of the drugs they prescribe. High Demand for Pharmacists Another reason pharmacists make so much is that there is a high demand for pharmacists in many parts of the country. How do you think about the answers? Requires Specialized Knowledge and Attention to Detail To pharmavist a pharmacist, you must have a lot of knowledge specific to the field, and you must also have a high attention to. Or research. Melanie Lv 4.
How much does a pharmacist make?
Thinking about becoming a pharmacist? How much does a pharmacist make? We have all answer all noney your questions about pharmacist pay! In this guide, we go over average pharmacist salary overall and in each of the 50 states. To help put these numbers into context, we also explain what factors affect pharmacist salary, why pharmacists make so much, what work they do, and how you can become a pharmacist.
How much does a pharmacist make each year? The chart below from the US Dept of Labor shows the percentile wage estimates for pharmacists in so you monej get a better idea of the range of pharmacist salaries.
Depending on which part of the country you live in, you might be making more or less than the national pharmacist salary. Below is a chart showing eo average annual salary for pharmacists in each of the 50 states, as well as Washington D.
You can use this mqke to get a better idea of what the average pharmacist salary is in the state where you live or would like to live. Differences among states in average pharmacist salaries can be due to multiple factors, bow cost of living, demand for pharmacists, and where the pharmacists are employed. Now you know that most pharmacists are bringing in six figures a year.
Why is pharmacist pay so high? There are three main reasons:. For most people, this means eight years of university and graduate-level schooling, and the high level of education required for pharmacists contributes to the high salary. To be a pharmacist, you must have a lot of knowledge specific to the field, and you must also have a high attention to.
Therefore, they must always be careful when they are working. Because the work pharmacists do is so important, and because they are the only ones who can do it, they have a high average salary. Another reason pharmacists make so much is that there is a high demand for pharmacists in many parts of the country.
As the population gets older and healthcare expands, more people need the services pharmacists provide, which drives up demand. The number of pharmacists in the country is fairly small, so some employers will often offer higher salaries in order to entice pharmacists to work for.
So, what exactly do pharmacists do? There are three main types of pharmacists:. Retail pharmacists spend a majority of their time processing and filling prescriptions, interacting with customers, phamracist watching for potential side effects and interactions of the drugs they prescribe. Clinical pharmacists typically work in hospitals or other medical settings, and a lot of their duties involve working directly with medical professionals and patients, either by choosing which medications to prescribe for a patient, monitoring patients, and other additional duties.
Research pharmacists usually work for drug companies, although they can also work for government agencies or universities. They spend the majority of their time developing new medications and conducting drug studies. Below are the four main steps you need to complete to become a pharmacist. Not every pharmacy school requires PCAT scores, but most of them. The next step to becoming a pharmacist is being accepted into a Doctor of Pharmacy PharmD program.
The prerequisites required vary monh program, but often include chemistry, biology, physics, and statistics. A few pharmacy schools now have accelerated programs that allow you to complete PharmD school in three years.
Many programs also allow you to specialize in a specific area of pharmaceutical sciences such as clinical pharmacology or rural pharmacy services. Licenses are issued by individual states, so each mucb has its own requirements. However, most of them are follow pharmwcist same basic set of guidelines. So, how much does hhow pharmacist make? Pharmacists living in different parts of the country have different average salaries.
Pharmacist pay is so high because pharmacists must attend fours years mlnth PharmD school in addition to undergrad coursework, the profession requires specific expertise and a variety of skills, and because demand for pharmacists is growing.
How to Get a Perfectby a Perfect Scorer. Score on Pnarmacist Math. Score on SAT Reading. Score on SAT Writing. What ACT target score should you moneu aiming for?
How to Get a Perfect 4. How to Write an Amazing College Essay. A Comprehensive Guide. Choose Your Test. What Is the Average Pharmacist Salary? Experience: Pharmacists jow have worked in the profession longer make more money than pharmacists just starting out, since more experienced pharmacists typically have more responsibilities and expertise.
Geographic Location: Some parts of the country have a higher average pharmacist salary than. We discuss this more in the next section. Employer Type: The type of pharmacy job you have will also affect your pay.
Retail pharmacists generally earn less kake pharmacists working in hospitals or other clinical settings. Requires Specialized Knowledge and Attention to Detail To be a pharmacist, you must have a lot of knowledge specific to the field, and you must also have a high attention to.
High Demand for Pharmacists Another reason pharmacists make so much is that howw is a high demand for pharmacists in many parts of hwo country. What Do Pharmacists Do? There are three main types of pharmacists: Retail pharmacists spend a majority of their time processing and filling prescriptions, interacting with customers, and watching for potential side effects and interactions of the drugs they prescribe.
How Can You Become a Pharmacist? Share this article! About the Author. Ask a Question Below Have any questions about this article or other topics? Ask below and ,onth reply! Search the Blog Search. Find Out How. Get the latest articles and test prep tips! Looking for Graduate School Test Prep?
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What Is the Average Pharmacist Salary?
Most pharmacists know they have chosen a gratifying profession. They may also be gratified by the financial rewards, as pharmacists rank on the higher end of professional occupations. Let’s fill out an RX of our own, and put a microscope over physician salaries in the U. According to the U.
How much does Walgreens in the United States pay?
Also, there are some caveats on time and scheduling, too, that might factor into a pharmacist’s salary. Labor Department. According to PayScale, the average U. Then there’s the geography issue. Consequently, if you want to take your pharmacist credentials to a land filled with w air, scenic vistas, and hardy people, Alaska could be the state for you. There are other factors that come into play that can sway pharmacists salaries one way or the. In what capacity a pharmacist works matters, too, in terms of salary. As noted above, working at a general merchandise store is one’s best bet at topping out on a pharmacist’s paycheck, while working at an actual pharmacy leads you down to the lower rungs of pharmacist pay. Even so, the benefits earned by a government-based pharmacist professional are usually better than benefits earned in the private sector, so that narrows the gap financially. In general, pharmacists fill prescriptions, consult with doctors’ offices, advise health care consumers how best to take their medications, and even give mudh shots. But a pharmacist with more managerial responsibilities, like running a retailer’s pharmacy operation, filling inventory orders, meeting with prescription drug representatives, and spending more time on the pharmacy’s business operations, will earn more than someone who simply takes and fills prescriptions at a pharmacy. Like flavors of Baskin Robbins Ice Cream, pharmacists come in different professional titles mone categories, and that influences the size of their paychecks.
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