How much do pharmacists make– If you want to be a pharmacist in the United States, you’re already on your way to a career in healthcare. You’ve probably given a lot of thought to what your life will be like in the medical field. Obviously, your main priority is to heal people and learn about drugs.
But it’s also reasonable to start planning your life in practical terms. You’re probably curious about how much money you’ll make in your future career, especially given how costly it is to become a professional in this field.
Between application fees for pharmacy school, pharmacy school tuition, and interview travel expenses, the costs can add up quickly.
You’re probably wondering: How much do pharmacists make in the United States? Is there a difference in pay between states? Is it more likely that you will be paid more competitively if you work for certain types of institutions? Are there any advantages to choosing lower-paying specialties?
We’ve dug deep into the financial details of becoming a PharmD in the United States which will enable you to have a better knowledge of the profession’s salary structure.
What does a pharmacist do?
Pharmacists are medical professionals who work in pharmacies. They are involved in all aspects of patient medication administration. They will prepare and package medication prescribed by a doctor, as well as sell over-the-counter medication. PharmD will explain what your medication is for, how it works, what to expect when taking it, and what to avoid.
A pharmD can work in a hospital, a healthcare facility, or a community pharmacy. They will have a Pharmacy college education, which will give them knowledge of drug biochemical mechanisms, drug uses, therapeutic roles, side effects, potential drug interactions, and monitoring parameters.
- the standard of medicines provided to patients
- ensuring that the supply of medicines is legal
- ensuring that the medications prescribed to patients are appropriate
- advising patients on medications, including how to take them, and potential side effects, and answering patients’ questions
Types of Pharmacist
There are different types of pharmacists trained specifically in various fields. Understanding the different types of PharmD salaries can help you decide on an area of specialization and how best to prepare for each area.
- Community pharmacist
- Nuclear pharmacist
- Hospital pharmacist
- Clinical pharmacist
- Ambulatory care pharmacist
- Home care pharmacist
- Drug safety officer
- Mental health pharmacist
#1. Community pharmacist
A community pharmacist is a trained healthcare personnel that provides prescription medications to people within a local community. The community pharmacist is also known as the retail pharmacist. As a community PharmD, you’ll be responsible for dispensing prescription and over-the-counter medicines that help people to maintain and improve their lives, in a cost-effective way.
As a community professional, your job would be all about helping patients and the public, assessing their conditions, and making decisions about which medicines they should take. They perform vaccinations and dimple health tests.
#2. Nuclear Pharmacist
These professionals work at hospitals and medical facilities. They handle drugs with radioactive components. Hospitals typically use these drugs in combination with radiological equipment to diagnose and treat certain illnesses like cancer. The nuclear pharmacist is responsible for measuring and preparing dosages according to each patient’s needs.
#3. Hospital Pharmacist
Just as the name implies, the work in established hospitals. Hospital pharmacists are primarily responsible for filling doctor prescriptions and preparing medications for specific medical conditions. They are responsible for obtaining, testing, storing, and inspecting drugs for the hospital.
Clinical pharmacists work directly with physicians, other health professionals, and patients to ensure that the medications prescribed for patients contribute to the best possible health results. The practice in health care settings where they have frequent and regular interactions with physicians and other health professionals contributes to better coordination of care.
#5. Ambulatory care pharmacist
An Ambulatory care pharmacist provides pharmacy services for people undergoing outpatient care. An ambulatory care pharmacist is also responsible for making dose measurements, verifying the information written by the prescribing physician, and assessing the possibility of adverse drug interactions or side effects.
The ambulatory pharmacy provides healthcare services to many patients in rural areas, particularly to geriatric populations. These professionals help in the management of patients who are at higher risk of drug-related problems or disease complications due to a lack of control over the condition.
#6. Home Care Pharmacist
Home care pharmacy primarily involves the preparation and delivery of injectables to critically ill patients in the home environment. They may major in one or the other area of illness, such as infusions for nutritional support, chemotherapy, mental illness or oncology.
#7. Drug safety officer
Drug safety officers are in charge of monitoring and reporting the effectiveness of any drug and the adverse effects of the drug in the general population, in hospitals, and in research trials.
#8. Mental health Pharmacist
This pharmacist provides medications to patients at psychiatric homes. They prescribe medications such as anti-depressants, anti-anxiety, and mood stabilizers to patients. Their major place of work is at psychiatric homes, they also provide psychological services to patients.
How Much Do Pharmacists Make
Pharmacists are just as important as doctors in the medical field, and they are also well compensated. The average annual salary of a pharmacist in the United States is $123,670, according to the Bureau of Labor Statistics.
CVS pharmacist salary
CVS is an American pharmacy that sells drugs, cosmetics, and film and photography equipment. They have stores all over the country, with their headquarters in Woonsocket, Rhode Island. Customers can also get healthcare from them.
CVS Pharmacist Salary
The average CVS Pharmacist Salary varies greatly (up to $87,408), implying that there may be numerous opportunities for advancement and higher pay based on skill level, location, and years of experience.
CVS Pharmacist salaries currently range from $30,791 (25th percentile) to $118,199 (75th percentile) with top earners (90th percentile) making $134,588 annually in California.
CVS Pharmacists’ salaries currently range from $30,791 to $118,199 per year, with top earners in California earning $134,588 per year.
Pharmacist salary California
Pharmacists in California are well compensated, with annual salaries in the six figures. It is also determined by your level of experience and education. A pharmacist’s salary in California is $146,070 on average.
The steady demand for pharmacists in the state is due to the growing expansion of the pharmaceutical industry.
Clinical Pharmacist Salary
The average Clinical Pharmacist Salary in the US IS $128,927. The average bonus for a Clinical Pharmacist is $3,450, or 3% of their salary, with 75% of people reporting that they receive a bonus every year. Clinical Pharmacist Salary is most in San Francisco, CA, with total compensation that is 40% higher than the national average.
Pharmacist salary Florida
The average pharmacist salary in Florida is $136,344 with a salary range of $128,465 to $145,223. Pharmacist salary Florida ranges can vary greatly depending on the city and a variety of other important factors such as education, certifications, additional skills, and the number of years you have worked in your field. If you’d like to learn more about the highest-paying life science jobs in Florida, check out our guide.
Pharmacist salary florida by experience
Experience, like any other skill, adds expertise to your work and will earn you a higher salary. When you first start working as a pharmacist, you can expect to earn $81,170 and advance to higher pay scales within 1 to 4 years.
Pharmacist salary Florida for someone with 20 years of experience earns $159,450 per year. Employers prefer pharmacists who stay with them for a longer period of time, resulting in higher pay scales that reflect their years of experience.
Best paying jobs in major pharmaceuticals
The pharmaceutical industry meets all of our medical needs. This industry includes the development, manufacture, and distribution of drugs, treatments, devices, and services.
- Pharmacy Manager
- Sales Representative
- Financial Analyst
- Clinical Data Manager
- Research Scientist
Every pharmacy needs an excellent manager that provides organization and leadership. In the pharma industry job as a pharmacy manager, you have to train other workers and pharmacists, schedule deliveries, inform technicians about any problems, and manage pharmacy inventory and supplies.
As a pharmacy manager, one of your job descriptions is to ensure the pharmacy meets all state and federal regulations and professional criteria.
A pharmaceutical sales representative educates medical practitioners, pharmacists, and consumers about specific pharmaceutical products of a company. Sales representatives provide comprehensive descriptions of medicines, chemical compositions, medical conditions affected, and any side effects.
Working as a pharmaceutical sales representative also conduct sales meetings, seminars, conferences, and educational programs on behalf of the company to increase awareness of advertised products.
Pharmaceutical financial analysts are responsible for analyzing the financial records and assets of the pharmacy. They are specialized and have good knowledge of accounting and business management.
Clinical Data Manager
Their primary duty is to ensure that clinical data is collected and stored accurately combining their knowledge of healthcare and database management to do their job. They also spend time supervising data management teams, developing software solutions, and building data systems.
A research scientist plans and performs experiments in a wide range of areas, from medical research to natural sciences to develop new drugs or refine the existing ones. The research scientist is one of the top positions in the pharmaceutical industry.
Frequently Asked Questions
Pharmacists are highly paid health professionals, and as the health field evolves, so will the demand. In the United States, pharmacists are paid $70.30 per hour, though this varies depending on the state, experience, and qualification.
According to the BLS, pharmacists earned a median annual salary of $128,710.
Walgreens is one top pharmaceutical stores in the United States. Pharmacists at Walgreens are paid $53.21 per hour and an average sum of $112,000 to $119,000 annually
In Texas, the average hourly wage for a pharmacist is $57.32. Salary ranges can vary greatly depending on the city and a variety of other important factors such as education, certifications, additional skills, and the number of years you have worked in your field. In Texas, the average Pharmacist’s salary is $140,932.
The pharmaceutical industry is vast hence the need for pharmacists and various healthcare personnel is high in demand. A career as a pharmacist can be the best career path if you are interested in the medical field. Pharmacists do not only prescribe medications to patients, they also advise patients on how to effectively take their medications and stay healthy. In becoming a pharmacist, you need to obtain a Doctor of Pharmacy degree (Pharm.D).