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Salary of a Pharmacist

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Basic salary information:

Pharmacists play vital roles in our society. Pharmacists carry out the final step in the treatment of a patient. They are responsible for dispensing the correct medications as per the prescriptions of a doctor for a patient. They also have the responsibility of supplying relevant information regarding the medication to the patient. In addition to both of these duties, a pharmacist may be expected to advise health practitioners regarding various aspects of a medication, such as a dosage, adverse effects, mechanisms and other useful information. As we can see, pharmacists play a vital role in the healthcare industry. Thus, as expected, their salaries are also equally high. The mean salary of a pharmacist in the United States is around $116,670 per year. This is considerably and by far higher than that of most professionals. It’s not only the pay that matters to people; one is often concerned about the Job Outlook for a particular profession. The job outlook of pharmacists is also much higher than that of most professions. It is approximately around 32%, which means that a new graduate in the pharmacy will have almost no trouble finding a job right after finishing university.

Of course, the pay of pharmacists varies from state to state and the following table aims to highlight how much does a pharmacist make in the US:

State

Pay per annum/USD

New York

135,000

Mississippi

134,000

Virgin Islands

132,000

Massachusetts

131,000

Washington

131,000

California

126,000

Georgia

125,000

Connecticut

124,000

Illinois

121000

New Jersey

121,000

Other than the factor of state, there are various other factors that affect the final salary received by a pharmacist. One of the more important factors is the number of years of experience that a person has behind them. As experience increases so do the salary.

Below is a table that illustrates the increase in salary of a Pharmacist with the years of experience.

Experience

Pay per annum/USD

Less than 1 year

$94,261

1-4 Years

$100,685

5-9 years

$108,439

10-20 years

$113,671

More than 20

$116,045

The average salary of a pharmacist is often compared to the salary of a Physical Therapist Assistant. Other factors that determine the salary of a pharmacist is the setting under which he/she is employed. For example, a hospital usually tends to pay higher wages than that offered by private clinics or departmental stores. And naturally, well-reputed institutions pay higher wages than not-so-well-reputed institutions. Another major factor in determining the salary of pharmacists is the acquiring of additional degrees. A better-qualified individual will always be paid a higher wage than a less qualified individual.

Thus if you’re choosing pharmacy as your career, make sure you’re in the right place at the right time and under the right people.

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