How Much do Pharmacists Make?

The pharmacist is a health care professional who specializes in preparing and dispensing medications to patients. They are responsible for advising patients about how to take their medication, as well as warning them of any possible side effects or drug interactions that may occur. Pharmacists also counsel patients on what they should do if they miss a dose, which is important because so many people forget to take their medicine.

Pharmacists can work in hospitals, community pharmacies, long-term care facilities, clinics, research laboratories and more! However the average salary for pharmacists can be anywhere from $50K-$100K depending on where you work and your level of education. So let’s see what this profession has to offer!

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According to the Bureau of Labor and Statistics, “pharmacists held about 269,200 jobs in 2008. The majority of jobs were in retail settings such as drug stores and grocery stores.” What’s more is that the demand for pharmacists is only expected to increase by 15 percent over the next decade due to a growing and aging population. With so many opportunities available, it certainly seems like this would be a great field to get into! However before you do so you should know exactly what your salary will be.

One study found that on average pharmacists made $84K per year with some even making up to $111K annually . While this may seem like quite a bit of money, keep in mind that these numbers do not take into account how much a typical pharmacist will make per hour. So if we take the average amount pharmacists made in 2009 and then divide that by the number of hours they work, we can see that on average a pharmacist makes about $44/hour . However this varies depending on whether or not you get benefits from your employer. If you do have benefits, the hourly salary will go down to around $32/hr meaning it’s still a pretty decent job with decent pay!

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In addition one study found that “unlike professions which require specific training such as law and medicine, there is no formal education required for entry-level pharmacy jobs” which contributes to why so many people are drawn to this field. With so many opportunities available, this seems like the perfect place to get your foot in the door.

As for education, “the Pharmacy College Application Service survey found that 78 percent of all students who graduated in 2003 had some college experience” before they earned their degree. And while this is certainly an advantage, it’s not required. Many people go straight into pharmacy school after high school and then join the work force right after graduation! Now that you know how much pharmacists make per year and what level of education you’ll need to land one of these jobs let’s take a look at where you can find them!