How much will you earn as a pharmacist will depend on several factors. For starters, employee benefits influence a pharmacist pay in a significant manner. Government employees earn higher total pay packages when compared to ones working for the private sector. However, a clinical pharmacist has a larger role in performing medical tests, monitoring patients and guiding medical professionals in patient care and disease management. Analyzing some similar jobs related to the Hospital Pharmacist job category, we found that Clinical Oncology Pharmacist jobs have average salaries greater than Hospital Pharmacist jobs. With years of experience you can also expect to earn perks such as insurance and medical benefits. Pharmacist working at mass merchants with pharmacies enjoyed the highest salaries, while those working for retail pharmacies earned the lowest annual salaries this year. To sum it up, pharmacist career outlook varies by industry. The Bureau of Labor Statistics reports that all pharmacists earn a generous median wage of $124,170 as of May 2017, with half of pharmacists seeing lower earnings and a half seeing higher earnings. Salary estimates are based on 10,010 salaries submitted anonymously to Glassdoor by Clinical Staff Pharmacist employees. How Much Does a Pharmacist Make Annually? Considering 2019 as our base year, the highest employment for a 10- year period is projected in Texas, followed by California, Arizona and Georgia. An entry-level Clinical Pharmacist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $106,057 based on 40 salaries. With the advent of e-pharmacies, 5,500 pharmacists work in the e-commerce industry. 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. Per Hour: A pharmacist working part-time earns an average hourly wage of $60.34. Most retail and clinical pharmacy opportunities are full time, though work hours depend on the setting. Educational Background: Pharmacist graduates from reputed and accredited pharmacy schools usually have an edge in the job market and command higher salaries. community pharmacists, hospital pharmacists, industrial pharmacists, consultant pharmacists, GP pharmacists etc. A small number of pharmacists that work for pharmaceutical and medicine manufacturing earn a handsome annual wage of $128,160. North Dakota on the other hand, pays its pharmacist the lowest salaries, averaging at $100,560, annually, however your cost of living in the state will be comparatively much lesser. Clinical pharmacists earn an annual salary of $135,849, higher than other pharmacists, but lower than the ones working in retail. As more people get medications delivered to their homes, there may be less of a need for retail pharmacists. Retail and clinical pharmacist enjoy the highest salaries, while a hospital pharmacist goes back home with the lowest pay package. These include new as well as replacement position for retiring pharmacists. This compensation does not influence our school rankings, resource guides, or other information published on this site. 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. Clinical pharmacists interact frequently with other healthcare providers to optimize health outcomes from medications. Working in an NHS trust can affect pay rates due to NHS pay bands. As far as salaries are concerned, Texas comes across as a favorable career destination for a pharmacy career, added to it the fact its large population and availability of good pharmacy education only make it a conducive location to thrive in this career. Pharmacist starting salary on an average is $88,400. While pharmacists working for the state and local government are paid lower salaries as compared to the private sector, their allowances and benefits add up to a good 37.8% which eventually translates to a higher pay scale of $198,721. D., pass the licensure exam and take up additional training in a nuclear pharmacy certificate program. Find out what a clinical pharmacist assistant does. 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. However, the job prospects for pharmacists are not exactly great. However, they may lose out on employee benefits when compared to someone working for the government. An experienced Hospital Pharmacist with 10 … How much does a Clinical Pharmacist make in the United States? Salary Ranges As of May 2012, the BLS reports that, on average, pharmacists earned an annual wage of $114,950, with an average hourly wage of $55.27. Of all the top retail pharmacies, pharmacists working for Kaiser get paid an attractive annual salary, ranging from $96,440 - $176,300. Well, considering the increasing growth of the healthcare sector, healthcare professionals have a steady demand in the job market. A Pharm. 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. However, comparatively, a hospital pharmacist, earns the lowest salary of $121,303. Well, the salary you bring home will be greatly influenced by your level of work experience. Clinical Hospital Pharmacist. Similarly, hospital pharmacists provide, prepare and dispense medicines, special feeding solutions and diagnostic agents. Well, the answer to this question simply depends on your career aspirations and expectations out of this career. Each pharmacist position entails different kinds of challenges and work pressures. Electronic Shopping & Mail-Order Pharmacies. Copyright © 2020 Pharmacytechnicianguide.com   All Rights Reserved. The best-paid 25 percent made $145,870 that year, while the lowest-paid 25 percent made $111,340. 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. Residency programs provide general clinical training in the first post-graduate year, also known as a PGY-1. You will advise hospital staff about newer medication options and the best delivery method they should opt. 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. The 10-year job outlook for pharmacists is rather raising concern about employment opportunities. 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. Job Description. On the other hand, pharmacists working for the private sector enjoy a higher base salary, however the benefits they enjoy are a 29.9%, which adds up to an annual take home package of $179,259. 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. Clinical pharmacists earn an annual salary of $135,849, higher than other pharmacists, but lower than the ones working in retail. Instead of dealing with patients, you're mostly interacting with the other staff in the pharmacy and with nurses (sometimes MDs). Pharmacists working in Tyler in Texas and Vallejo-Fairfield, CA take home the highest pay packages. D. and passing the licensure exam for all pharmacist positions. 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. 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 ). If you want to be a clinical pharmacist, you can expect to complete one to two years of residency before you can seek work. Seniority at work will let you command a higher pay. Some other places where her business writing appears include JobHero, LoveToKnow, PocketSense, Bizfluent and Study.com. Work Experience: As in any health care setting, with work experience a person's skills and knowledge are honed. Monthly: As a pharmacist in the U.S. your average monthly wage will be $10,460. 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. Pharmacist working for non-retail settings such as hospitals, physician offices will witness better job growth as compared to retail pharmacists. A pharmacy career requires six to eight years of education. However, each year the growth has been almost consistent, the reason being a balance in the demand and supply of pharmacists. The average salary for a hospital pharmacist varies and is dependent on experience, qualifications, and responsibilities. The national average salary for a Clinical Staff Pharmacist is $126,526 in United States. Although both types of pharmacists coordinate with pharmacy tests and assist customers directly, clinical pharmacists also have to work with medical staff, such as doctors and nurses. It appears that 2018 brought some much-needed good news to pharmacists. This requires a lot of your investment in terms of time and money. They may also consult with doctors about the correct dosage and appropriate form and time of administration, and make physicians aware of any possible adverse reactions. However, this is no reason to be discouraged as although demand for pharmacists preparing prescription medication in a pharmacy may be decreasing, their role is expanding, and they are taking up significant positions in drug research and manufacturing. The lowest-paid 10 percent make under $87,420 and the highest-paid 10 percent of pharmacists get over $159,410. 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