This requires a lot of your investment in terms of time and money. Accounting and finance VS Pharmacy Pharmacist salary Pharmacy vs Pharmacology Pharmacy vs clinical pharmacology Is the pharmacy degree not important anymore Pharmacy vs pharmaceutical sciences Disillusionment with the Pharmacy … While a pharmacist enjoys a reasonably high pay scale in healthcare careers, there are various factors which influence the amount you will earn, such as educational background, location of work, level of experience and type of employer. Is pharmacy really as bad as people say Pharmacy degree? Seniority at work will let you command a higher pay. Copyright © 2020 Pharmacytechnicianguide.com   All Rights Reserved. The lowest salary comes from merchant wholesalers paying an annual age of $123,150. 2017: In 2017, the salary growth has bounced back to 1.20%, indicating a promising growth trend in the salary of a pharmacist. Clinical Pharmacist Assistant Career Information. A Pharm. Instead of dealing with patients, you're mostly interacting with the other staff in the pharmacy and with nurses (sometimes MDs). This compensation does not influence our school rankings, resource guides, or other information published on this site. These average clinical and retail pharmacist salary figures show these differences: According to the BLS, job growth of 6 percent is expected for all pharmacists between 2016 and 2026. 2014: In 2014 as well, the salary trend for pharmacists' remains the same with a growth of 1.69%, the salary grew at the same rate in 2014 as did the average salary for all healthcare workers. Hospital Pharmacist: As a hospital pharmacist you will work in a hospital, interacting with patients, discussing their medications and educating them about side effects. Clinical pharmacist job responsibilities are also different from hospital pharmacist duties, and they clinical pharmacists tend to earn higher salaries, as well. A Pharm. After graduation, you need to pass pharmacy law and practice exams to get licensed in your state. Demand for pharmacists across the states mainly depends on factors such as population, presence of pharmacies and pharmaceutical manufacturing companies and number of pharmacy schools. Working in an NHS trust can affect pay rates due to NHS pay bands. For the 2016 Pharmacist Salary Guide, I consulted a number of sources to try to give you a well-rounded picture of pharmacy salaries in the United States. Overall, 37% of pharmacists reported earning between $61/hr and $70/hr. Ashley Donohoe started writing professionally in 2010 about career, business and technology topics. Moreover, pharmacist salary, although starting at a promising 6 figure pay check does not see much growth over the course of the career. However, they may lose out on employee benefits when compared to someone working for the government. Top 50 Highest Paying States for Hospital Pharmacist Jobs in the U.S. We’ve identified six … 1,272 Hospital Pharmacist jobs available on Indeed.com. Operating as a hospital pharmacist in a high-cost area, such as inner London, often results in a higher salary. They work usually in a medical center, hospital or clinics. It appears that 2018 brought some much-needed good news to pharmacists. Pharmacists working in Tyler in Texas and Vallejo-Fairfield, CA take home the highest pay packages. The average retail pharmacist salary is $121,410 for health and personal care stores, $123,160 for general merchandise stores and $121,320 for food and beverage stores. They need strong computer skills to manage electronic health records and good communication skills to give clear advice and instructions. She has a Master of Business Administration degree from Western Governors University along with eight years of experience managing all aspects of her small business. Educational Background: Pharmacist graduates from reputed and accredited pharmacy schools usually have an edge in the job market and command higher salaries. Depending on the pharmacy program, you may need a few years of undergraduate science courses or a bachelor's degree in pre-pharmacy or an area of science. Both clinical and retail pharmacists can expect competition entering the field and may benefit from specialized certification. In the beginning of your career, you will start with an annual salary of $88,400. Bureau of Labor Statistics: 29-1051 Pharmacists, American College of Clinical Pharmacy: About Clinical Pharmacists, Bureau of Labor Statistics: Clinical Pharmacist Salary, Role of the Pharmacist in Clinical Pharmacy. The best-paid 25 percent made $145,870 that year, while the lowest-paid 25 percent made $111,340. Of all the top retail pharmacies, pharmacists working for Kaiser get paid an attractive annual salary, ranging from $96,440 - $176,300. Hospital pharmacist salaries can range from £23,500 for a band 6 entry-level pharmacist to upwards of £70,000 for band 8B to 8D pharmacy consultants. As a retail pharmacist your annual salary will be $136,414 on an average, which is comparatively the highest. There is a steady demand for pharmacists in the nation, considering the increasing use of prescription drugs, pharmacists are playing roles that go beyond a pharmacy. Well, considering the increasing growth of the healthcare sector, healthcare professionals have a steady demand in the job market. However, a clinical pharmacist has a larger role in performing medical tests, monitoring patients and guiding medical professionals in patient care and disease management. While a pharmacist living in Tyler, TX earns the highest annual salary of $161,790, someone working in Manhattan, KS earns the lowest wage of $131,730. Place of Employment: Where you work will be an important deciding factor of your salary. Clinical and retail pharmacists share the duties of filling prescriptions, educating patients on medications and good health practices, handling insurance paperwork, guiding other pharmacy workers and managing records. He works partly in medicines management — specifically focusing on homecare and high cost drugs — and provides a clinical pharmacy service to a range of medical wards. So, is it worth your time and money to become a pharmacist? Pharmacist working for non-retail settings such as hospitals, physician offices will witness better job growth as compared to retail pharmacists. Per Hour: A pharmacist working part-time earns an average hourly wage of $60.34. D. and passing the NAPLEX are the educational requirements to become a hospital pharmacist. With enough experience, a retail pharmacist can move up to become a pharmacist manager and earn an average salary of $129,000 in the United States. Retail Pharmacist: As a retail pharmacist, you will be working in a pharmacy, supplying prescription medication to patients. Job Sector: Pharmacists working in private sector usually earn higher base salaries. Each pharmacist position entails different kinds of challenges and work pressures. Government employees earn higher total pay packages when compared to ones working for the private sector. Depending on the type of industry you are working for, the salary benefits you enjoy will vary. Becoming a retail or clinical pharmacist requires a lengthy education to earn a doctor of pharmacy degree and qualify for state licensure. The BLS projects that employment for pharmacists working in hospitals, physician offices and outpatient care centers will grow more quickly compared to the one working for retail settings. Retail and clinical pharmacist enjoy the highest salaries, while a hospital pharmacist goes back home with the lowest pay package. A pharmacy career is highly competitive and entry level jobs have a large number of fresh graduates vying for it. Pharmacist starting salary on an average is $88,400. Common work settings for retail pharmacists include health and personal care stores, supermarkets, pharmacy store chains and online retailers. Pharmacytechnicianguide.com is an advertising-supported site. Well, the answer to this question simply depends on your career aspirations and expectations out of this career. With a surplus of pharmacists entering the job market each year and demand rather remaining constant, it could most likely get difficult to maintain the supply and demand equilibrium. For starters, employee benefits influence a pharmacist pay in a significant manner. Some of the other high paying states are Vermont, Alaska and Wisconsin. Apply to Clinical Pharmacist, Pharmacist, Senior Clinical Pharmacist and more! While the salary of a CVS pharmacist is in the mid-range of $77,330 - $141,370, a Walgreen pharmacist's salary is considerably higher, ranging from $80,750 - $147,630. You will require completing your Pharm. Pharmacist Section   »   Pharmacist Salary. Check out the Latest Salary of a Pharmacy Technician, Retirement and Savings (Defined Benefit & Defined Contribution), San Luis Obispo-Paso Robles-Arroyo Grande, CA, Myrtle Beach-Conway-North Myrtle Beach, SC-NC. The median salary for a hospital pharmacist is relatively higher than that of a retail pharmacist, being that it is approximately $116, 895 a year. Type of Employer: The amount you earn will also depend on the type of employer you are working for. Clicking in this box will show you programs related to your search from schools that compensate us. With a country of a large aging population, job prospects for a consultant pharmacist working in sub-acute care, assisted living facilities and psychiatric hospitals are certainly bright. Knowing how much a pharmacist earns in other metros will help you plan your work location. There are 133,410 pharmacists working in retail pharmacies, the largest in the country. In that regard, the professional life of a clinical pharmacist veers widely away from that of a retail pharmacist immediately after graduation from pharmacy school. Well, the salary you bring home will be greatly influenced by your level of work experience. Clinical pharmacy is, according to the abridged definition, “the area of pharmacy concerned with rational medication use.” 1 So far, that describes every job I have had in my career. You must complete your Pharm. Apply to Pharmacist, Staff Pharmacist, Clinical Pharmacist and more! How much will you earn as a pharmacist will depend on several factors. Work Experience: As in any health care setting, with work experience a person's skills and knowledge are honed. Pursue this career if helping patients towards wellness can give you job fulfillment, while you earn a six-figure salary and do not mind limited professional growth. Annual: The average pharmacist salary, on an average in the nation is $125,510. It requires commitment and dedication to succeed. Clinical pharmacists can work as pharmacists, but All pharmacists stand or walk most of the day and need to stay focused to prevent mistakes with medications. Aside from team managers, clinical pharmacists were the highest paid, earning an average wage of $61.28 per hour. However, comparatively, a hospital pharmacist, earns the lowest salary of $121,303. Clinical pharmacists interact frequently with other healthcare providers to optimize health outcomes from medications. The U.S. Bureau of Labor Statistics reported that employment for all pharmacists, including clinical pharmacists, is expected to show little or no change from 2018-2028 ( www.bls.gov ). Operations pharmacists are less likely to be residency trained as compared to clinical pharmacists. A piece of advice would be, to equip yourself with all the skills and knowledge to stay ahead in the employment race. One key difference between retail and clinical pharmacy opportunities is that clinical pharmacists spend more time doing medical tests, monitoring patient health and advising medical professionals than they do filling prescriptions and handling paperwork. While the highest wage comes from California, at $12,000, the lowest comes from North Dakota at $8,380. 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