Pharmacist’s salary is ranging from $77,761 to $133,177
per annum in the United States. Pharmacist’s salary increases overtime as pharmacist gains
more experience. Pharmacist working in the US with less than 1 year of
experience collects an average salary between $49,660 and $117,962 per
annum while a pharmacist practicing for 1 to 5 years of experience receives an
average salary from $61,118 -to $127,708 per annum. Keep reading for
more information about pharmacist salary, job description and career
requirements.
Pharmacists often work in retail pharmacy
stores and hospitals, giving assistance to people who are in need of medicines.
They help patients by
giving them briefs regarding the things that are written in prescriptions if
these could not be easily understood. While it’s already understood that one
must be able to memorize all the medicines carried by the store, a pharmacist’s
role goes beyond that. They will be communicating with different people in
everyday transaction and thus qualities like patience and good communication
skills are essential in this type of job. Other needed qualities are attention
to detail to avoid possible mix-up of medicines and outstanding knowledge on
the pharmacology of medicines. Job Outlook for this job has been predicted very
positive by the Bureau of Labor Statistics. According to the Occupational
Outlook Handbook found in their website, there will be a growth of 25% from
2010 to 2020. Average pharmacist salary in 2010 is $111,570 annually or $53.64
an hour, considered high compared to other types of jobs.
How much
does a Pharmacist make a year ?
Average pharmacist salary
Average pharmacist’s salary in the
United States is $111,686 per year. The average hourly rate for pharmacist is
from $29.48 to $64.29 per hour. The average yearly bonus is around $964.
Pharmacist salary is starting on average amount of 60, 000 USD.
The annual average pharmacist salary in the
US according to the Bureau of Labor Statistics is $111,570. This is equal to
the hourly rate of $53.64. The organization predicts that the number of
employees for this type of job from 2010 to 2020 will increase by 25%, where
68,700 new jobs will be created.
Pharmacist
salary in USA
Based on
payscale percentage, the median yearly salary for 10% of pharmacists has been
around $78,000 per year. The 25% of them receive $98,000; 50% of them receive
around $110,000, while the 75% received more than $120,000 per year in past.
Based on years
of work experience according to payscale, an average hourly wage and yearly
salary for a pharmacist is as follows: One with less than 1 year work
experience earns around $49,660 – $117,962 per year and an hourly wage of
$29.48 – $58.05 ; one with 1 to 4 years of work experience earns from $39.43 –
$61.09 per hour and $51,515 – $122,976 per annum; one with 5 to 9 years earns
from $47.45 – $63.48 per hour and $61,118 – $127,708 per annum; and one with
10-19 years of experience receives between $46.72 – $64.29 per hour and $90,028
– $131,051 per annum; and one with more than 20 years of work experience earns
between $47.00 and $64.29 per hour and $92,904 – $139,133 per annum.
Wikipedia’s data revealed that most of
those who graduated with a pharmacy degree have a high percentage of ending up
working in a retail store, giving an estimated value of 65%. While this may be
so, a small part are expected to become their own entrepreneurs while 25% are
expected to work in hospital and health settings, businesses engaged in online
retail or bulk where examples of these are online pharmacies, and for the
Federal government. In the United States, a pharmacist position will mandate
you to at least have passed the North American Pharmacies Licensure Examination
or the NAPLEX.
While Indeed
does have a record of $60,000 for average pharmacist salary in the United
States, this amount seems not reliable if you will be basing this with the
amount declared by BLS which is $111,570. If you’ll look at the data gathered
in PayScale, you would see that this is more reliable with the median wage
close with BLS data. PayScale reports this to be at $112,620. While pharmacist
salary could start at the rate of $81,371, this could possibly increase to as
much as $133,331 with more years rendered in the industry. In order to compare
salaries depending on experience, here are the salary rates recorded in
PayScale. Having just entered to the profession with only less than a year of
experience will give you a pharmacist salary of $51,409 to $120,103. While the
increase is not considered outrageous compared to the jumps made in other types
of professions, at least increase in pharmacist salary is being imposed as you
spend more time on work. Those with 1 to 4 years are receiving salaries from
$51,166 to $123,667. Staying true to the industry for 5 to 9 years more will
give you rates of $72,414 to $130,039. Having rendered 10 to 19 years of work
will increase compensation rates to $89,280 for up to $132,338 and doing this
for 20 years or more will give you best rates of is $95,685 to $138,483.
Pharmacist salary by state
Based BLS and Payscale data, the best paid pharmacist works in
New york, New Jersey, California, Washington, Rhode Island, Virgin Islands,
Montana and Mississippi. Pharmacist salary in these states is around 134 000 USD.
The worst paying states are Nevada, Nebraska, Louisiana, Alaska, Colorado and
Maine with averagepharmacist salary of 98 000 USD.
In BLS, states
that are said to be paying the highest salaries for pharmacists are Alaska,
Maine, California, Vermont and Delaware where average salaries are $129,170,
$128,030, $125,800, $125,520, and $121,830 respectively. In PayScale, however,
the highest recorded pharmacist salary came from California where rates ranged
from $49,713 to $139,451. Other states have the following pharmacist salary
rates: Texas is $68,103 to $128,779; Florida is $79,163 to $126,405; New York
is $50,253 to $126,589; Pennsylvania is $72,251 to $122,283; North Carolina is
$67,871 to $130,986; and Ohio is $80,537 to $124,557.
Clinical
pharmacist salary
Clinical Pharmacist in the US receives an average of
$91,541 – $132,237 per annum. 10% of Clinical Pharmacists in the US collects
around $92,000, 50% of all pharmacists take home $110,339 and 90% of all
pharmacists receive around $120,000 per annum.
Clinical
pharmacists in the Unites States are earning a basic pharmacist salary of
$89,075 to $128,738. These rates could even increase further to $92,031 for up
to $131,927 if cash benefits on the side are added such as bonuses valued at
$5,187 and profit sharing of $1,179 to $4,112. Other benefits and perks could
include the likes if 401(k), paid holidays and sick leave, 403(b), life
insurance, liability insurance and reimbursement son training and education.
Pharmacist salary according to experience are as follows: less than 1 year is
from $70,469 to $107,659; 1 to 4 years is from $85,724 to $119,081; 5 to 9
years is from $93,176 to $129,167; 10 to 19 years is from $98,346 to $139,704;
and 20 years or more is from $95,701 to $133,881. The highest pharmacist salary
was earned in Massachusetts were the state recorded salaries ranging from
$89,396 to $151,701. The lowest on the other hand was recorded in California
with rates of $83,000 to $146,973.
Pharmacist salary in UK
In the United
Kingdom, the average annual salary of a pharmacist is from 23,724 – £50,979. The median average salary of
pharmacist is around £37,517. The
average salary of pharmacist on number of work experience is as follows.
Pharmacist with less than a year of experience collects from £17,940 to
£39,753, those with 1 to 4 years of experience earn from £22,223 to
£43,488 per year while those with 5 to 9 years of practice collect an average
from £23,583 -to£51,690 per annum. UK Pharmacist practicing 10-19
years takes home from £24,647 – £54,412 and those practicing for more
than 20 years or more receive an annual pay from £28,824 – £58,065. The
top yearly bonus and profit sharing for pharmacist is £4,015 and £3,000
respectively.
Pharmacists in the United Kingdom accepted in the National Health
Service are seen working in hospital pharmacies, community pharmacies or
primary care trusts. They are allowed to further their job function to include
having the power to prescribe specific medicines by taking up specific
trainings. The term “Pharmacist” is often equated to “dispending chemist” if
you are using the British language. PayScale’s websites recorded basic
pharmacist salary ranged from £22,710 to £48,246. These rates could easily
increase further to £23,762 for up to £51,167 if you will be adding other types
of cash benefits like bonuses of £4,072 and profit sharing rates of £983. While
the website did not display salaries according to years of experience, it does
have data for entry-level and mid-level pharmacists, both of which greatly imply
that pay will increase with tenure. Entry-level pharmacist salary ranges from £21,437 to £45,837 while mid-level pharmacist salary is from £28,530 to £54,298.
Pharmacist salary in Canada
In Canada, the
average pay for pharmacist is from C$62,645 to C$118,042 while the
pharmacist’s average salary receives C$95,349 per annum..
The hourly rate
for pharmacist based on number of years of experience in Canada is as follows:
less than 1 year C$34.69 – C$56.44; 1 to 4 years C$35.39 – C$54.41; 5 to 9
years C$34.50 – C$52.91; 10-19 years C$39.91 – C$56.03 and with more than 20
years of work experience, C$40.35 – C$59.84 per hour.
While specific
requirements regarding the entry to the pharmacy job will be different
depending on area where one wishes to practice, it is generally required that
all candidates should at least have taken up Bachelor of Science in Pharmacy.
The regulating body for Canada for this profession, the Pharmacy Examining
Board of Canada, will conduct the examinations for licensure. If one wishes to
broaden his or her experience, then entering into internship or apprenticeship
programs will help you achieve this. In Canada, community pharmacies are looked
upon as the sector providing the most jobs for pharmacists.
Data found on the WowJobs website points out the median
pharmacist salary in Canada is CA$83,188. This is slightly higher is PayScale
where the website recorded an average salary of CA$93,284 for all types of
pharmacists. Pharmacists who responded to survey claimed that they were
receiving basic salaries of CA$40,490 to CA$107,310. However, when other cash
benefits like bonuses of CA$8,877 and profit sharing valued from CA$250.00 to
CA$20,500 were added to basic pay, rates of pharmacist salary increases to CA$60,695
to as much as CA$115,875. Living In Canada on the other hand says that
pharmacies in general should expect to bring home salaries valued anywhere from
CA$85,000 to CA$95,000. Living in Alberta could mean better wages with the area
having recorded the highest hourly pharmacist salary of $46.12 while one is
advised not to practice in Montreal, Quebec were rates are lowest at $37.20. As
you can see average pharmacist salary in USA is 20% higher than pharmacist salary in Canada.
Pharmacist salary in Australia
Pharmacist in Australia receives average salary between
AU$46,793 and AU$91,416. The average salary of pharmacist collects around AU$68,296 per annum.
The 10% take
home around AU$ 47,000, the 25% collect around AU$68,000, the
75% receive around AU$80,000 and the 90% collects around AU$91,000.
Choosing to
enter into a pharmacy profession in Australia may not be the best move with
current market trends. In the recent years, instead of increases, compensation
rates for pharmacists have stagnated and in other times, there were even
rollbacks. Even looking for a job may prove difficult for the new pharmacy
graduates. You will see a great difference in pay scale if you compare these to
the rates followed in the US. The median pharmacist salary in Australia is
somewhere near AU$68,000 according to PayScale. Although cash bonuses of
AU$3,477 could be awarded to a pharmacist, rates are still low at AU$49,051 to
AU$87,186. Expect to earn hourly pharmacist salary of AU$24.45 to AU$40.39
while overtime pay will be paid from as low as AU$0.00 to as high as AU$60.28.
Pharmacist salary in South Africa
Pharmacist living and working in South Africa receives average
salary between R197, 535 to R542,836. Average pharmacist’s salary is around R$386,181 per annum. The
10% of pharmacist take home around R200,000, the 25% collect
around R270,000, the 75% receive around R450,000 and the 90% collect
around R$540,000.
If you are in
South Africa, annual pharmacist salary rates will be from R205,780 to R566,727
according to PayScale. The website calculated median annual salary rate to be
at R397,672. Expect to have higher salaries as you gain more experience. The
website says that pharmacists with 1 to 4 years of experience have rates
ranging from R174,524 to R490,217 while those considered veteran in this
career, having 20 years of experience under their belt have rates from R236,283
to R598,020.
Pharmacist salary in India
Pharmacist working in India receives a salary ranging from
Rs 72,275 to Rs 561,707. The median salary of pharmacist is around Rs165,
976 per annum. The 10 percent takes home around Rs72, 000, the
25 percent collect around Rs170, 000, the
75 percent receives around Rs260, 000 and the 90 percent collect
around Rs560, 000.
India
pharmacists could be earning basic pay rates of Rs 72,361 up to
Rs 593,917 as shown in PayScale. The average salary recorded by the
website is Rs 174,198. Total pay, which is basic pay plus other types of cash
benefits could increase pharmacist salary packages to Rs 73,517 to
Rs 654,359. Examples of these types of benefits are bonuses that could be
valued at Rs 50,507 and profit sharing with rates of Rs 4,000 to
Rs 65,000.
Pharmacist salary in New Zealand
Pharmacist working in New Zealand receives a average salary
ranging from NZ$40,547 to NZ$94,564. The median average of all pharmacists
collects around NZ$64,273 per annum. The 10th percentile of pharmacists take home
around NZ$41,000, the 25th percentile
of pharmacists collect around NZ$55,000, the 75th percentile receives around NZ$79,000
and the 90th percentile
of all pharmacists collect around NZ$95,000.
PayScale says
that pharmacist salary in New Zealand could be as low as NZ$44,062 or as high
as NZ$88,575, where these rates are already inclusive of other cash benefits
like bonuses valued as much as NZ$1,021. PayScale further stated that the
average salary for pharmacists in this area is NZ$65,675 where one could expect
to earn hourly wages ranging from NZ$28.45 to NZ$41.93. If you have been in the
industry for 2 to 4 years, expect your hourly rates to fall between NZ$28.72
and NZ$33.97. This will increase as you gain even more experience, with those
who have rendered 20 years or more receiving hourly pharmacist salary rates of
NZ$34.39 to NZ$40.22.
Oncology pharmacist salary
Salary of oncology pharmacist in the United States of America is
ranging from 89,000 USD to up to 145,000 USD. These pharmacist are highly
skilled professionals on the field of oncology medication.
Conclusion about pharmacist
salary
In the United States, pharmacist’s salary ranges
from $77,761 to $133,177. When check pharmacist salarydata of european countries, here
is one example: Pharmacist working in UK collect from £23,724 to £50,979; in
Canada pharmacists earn from C$62,645 to C$118,042; in Australia average pharmacist salary ranges from AU$46,793 to
AU$91,416; in South Africa, R197, 535 – R542,836; in India, Rs 72,275 – Rs
561,707 and in New Zealand, pharmacist receives salary between NZ$40,547 and
NZ$94,564 per annum. This makes pharmacist salary much higher than pharmacy technician
salary. Best paid pharmacist are oncology pharmacists andnuclear pharmacists.
BLS’ may have
hinted that entering into this type of job is profitable if you are in the
United States with median pharmacist salary recorded at $111,570. While growth
of 25% may be promising for this country, rates in your area may vary depending
on many factors. For example, while pharmacist salary are not considered overly
desirable in Australia, this may not be true for other locations such as the
US. Studying the trend in your area will help you gauge if it’s profitable for
you to enter into this type of profession.