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| Pharmacy For current PharmD students and practitioners. |
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#1 |
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Senior Member
Join Date: Jan 2008
Posts: 274
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SDN Members don't see this ad.
well looks like it is official. the class is to begin this fall.
the bubble has burst.
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#2 |
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Member
Join Date: Aug 2008
Posts: 99
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I think its been bursting long before
But yeah, ouch, I'm c/o 2013 in Texas, just hoping there will be something decent here when I graduated.Oh the bright side, (if there are any), I guess this will increase competition and in a couple of years, chase away those who are only in this for the money. |
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#3 |
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Retired
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I believe 2 pharmacy schools are opening in Maine
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#4 |
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Pharmacy Student
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My school has a satellite pharmacy school in Vermont. And it's opening this Fall.
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#5 |
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Health Student
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does anyone have a article about it? or a source?
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#6 |
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Member
Join Date: Aug 2008
Posts: 99
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#7 |
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SDN Advisor
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Why not get a dual degree:
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#8 |
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Accepted Pharmacy Student
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I like that one!
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#9 |
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Rated Rx Superstar
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Yeah, this is ridiculous. It was already impossible to get a job in Maine, and now they're opening two more schools? Jesus H. Crackers, we're all going to be unemployed and starve to death because there won't be any jobs!
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St. John Fisher "You can't drink and then come to work. My God, you're not airline pilots!" |
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#10 | |
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Rated Rx Superstar
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It's not so much the number of schools that are opening that's causing trouble so much as it is where the schools are opening. A school in Maine isn't going to cause any saturation (and anyone who tries to argue otherwise wins the Kool-Aid Award), but a school in California will. For those of you who don't want to believe that, here's a thought. There are currently 110 pharmacy schools in the country, give or take. That's 110 schools for 50 states and the DC area. So let's say they were split evenly. Each state gets 2, accounting for 102 of the schools, and the eight most populated states get a third. Do you really think we'd be looking at saturation if that were the case? Use your head. You'll still be able to find a job, you're just actually going to have to prove that you deserve the job (or...GASP...you may have to actually swallow your pride and work that wretched retail), because the economy is hitting everyone hard. |
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#11 | |
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Hung like Fung
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And telling people that they have to go to retail is a terrible thing for some. I'd be fine working retail, but there are many more who aren't. It's similar to telling a person who goes to med school to become a surgeon that he has to settle for psychiatry. Sure, they're both physicians, but it's a completely different ballgame. |
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#12 | |
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Rated Rx Superstar
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And yes, there are people on this forum who despise retail and don't want to work it. Which makes me question how they are so sure that there are no jobs to be found when there's an entire branch of the profession that they're avoiding like the plague. Moreover, I disagree with the analogy. Psychiatry and surgery are two entirely different fields, whereas clinical pharmacy and retail pharmacy are different aspects of one field. However, before anyone tries to use the slippery slope theory, I do think that the current expansion of pharmacy schools should be curtailed, but I also think it will come within the next few years. |
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#13 | ||
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Retired
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Here is one issue you're not addressing. The massive shortage of pharmacists were created by 2 reasons.. aging boomers RX script counts and expansion of Wags and CVS. Well, Wags and CVS are about done expanding and dispensing technology has improved to accomodate increasing script counts. Now, we're stuck with 120 RX schools. If you don't think this alarming for new grads, then you must know something I don't.
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#14 |
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Retired
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.........
Last edited by StaviZFingerZ; 05-31-2009 at 04:28 PM. |
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#15 | |
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Retired
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This is the stupidest analysis of pharmacy school per capita I have ever seen. |
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#16 | |
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Hung like Fung
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I stand by my surgery analogy. Psychiatry and surgery require the same schooling and grant the same title, but diverge afterwards. Same with clinical vs. retail pharmacy. Do you think Schwinghammer could handle a CVS that pounds out 6000 scripts a week? Likewise, do you think Johnny RPh could just hop on a pediatric transplant team and fit right in? They'd both be dead in the water. |
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#17 |
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Senior Member
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Pharmacists made around $40K starting out back in 1990, which is worth around $65K today. It was a good salary, but not that great considering it was a 5 year degree. THen the retail boom happened and pharmacies were making so much money they could afford to raise salaries to open up all the new pharmacies. Now things are starting to cool off. New pharmacy schools will not stop opening until people think it is not a valuable investment of their time/money. The ACPE has already said they can not and have no interest in stopping pharmacy schools from opening. The PharmD will stop being a hot degree when starting salaries fall to around $65-70K, then people will invest their time elsewhere and schools will stop opening. It is the way a free market capitalist system works.
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#18 |
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oh yeah!
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again, despite my initial panic, I do think that free market conditions will eventually even things out, it is very likely that a few of these "pre-candidate" schools will shut down before they actually open...
its like an easy example i learned in an early econ class i took in my 2nd year of the program (pre-pharm): if you have several lanes of tollbooths occupied by a decent line of cars and then you have one lane that is open, chances are likely that some of the cars will switch over to that open lane, in time things will balance out in that the open lane will have as much traffic as the other lanes, thus decreasing the likelihood of some of the traffic to move to the previously open lane |
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#19 | |
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Senior Member
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For the amount of work I'm putting in and the demands and everything, I might as well have gone into medicine and rest assured that paying my dues in school will pay off professionally and financially. Like I said, as a physician, no matter what happens to the economy, salaries would NEVER take such a steep plunge as in pharmacy. Jesus...i mean, I would understand a drop in salary in pharmacy from $110-120 to $95 k. That would be acceptable..But for salaries to be cut by nearly half, that's just unacceptable considering the years of schooling required AND even more importantly, the vow of poverty many graduates will suffer from when they realize they're making $65 k and have $140,000 in student loans to pay. This is utterly ridiculous and i think we all know it. IT IS A SHAME TO THE PROFESSION, IF YOU CAN EVEN CALL IT THAT ANYMORE. So much for the projections statisticians and other professionals have made for years about the bright future of pharmacy and the "SHORTAGE" of pharmacists in the coming years. And you know what, guys? Don't be surprised if salaries plunge below $60-65-70 k. For all we know, they may go down to $50,000. The PharmD will become a complete joke and more than ever, physicians and society will look at it derisively. You want to know what I don't understand personally? Considering the aging baby boomers, the prevalence of chronic diseases, and new and emerging pharmaceutical agents/technologies arising, I don't understand how we could ever truly have a surplus. One would think that with the number of older people, new medicines, etc... the pharmacist shortage will never be met. At this point, I'm starting to think there was never a shortage to begin with and this is all bs. How quickly we've not only reached the equilibrium point in the market for pharmacists, but just look how suddenly we've reached saturation because of these other schools opening up. Some shortage leading to surplus suddenly. With all due respect, I think many of you guys should just open your eyes and stop living in this dream world that pharmacy is such a great profession still. IT'S NOT. It was at one point, but like i said, it's regressing. It's aging backwards. Pharmacy will never attain respect. We need a lobbying body to put a stop to this nonsense just like the AMA protects salaries for physicians, number of medical schools, etc... Once STANDARDS are set in place, ONLY THEN will pharmacy truly be a profession. Good luck to all you guys who are in my position and will graduate with >100k in loans and will live out your lives in misery trying to pay them off on a 60 k salary. Forget your dreams. Forget having a family. Forget having a nice home, a comfy car. Forget that. I guess the standard in the US is to go to school for a healthcare profession such as pharmacy for 8 years (4 years of college, 4 years of pharm school), graduate with thousands of dollars in loans, and slave your life to pay off loans. Many times, the LEAST EDUCATED people are the ones truly making money and living comfortably. It's amazing. I know people with 2 years of education making 65 k. LOL. Pharmacy is no longer respectable. 65 k? To hell with that. Dentists, physicians, optometrists, etc.. go to school for 4 years of professional education and make a six-figure salary that is well deserved. We don't deserve such a crappy salary. Don't get me wrong. I enjoy pharmacy, I've worked in the field and this is what I've wanted to do. However, I don't lie to myself like many people do and say I'm going to school merely to help people. A prostitute can also help people, i.e. sexually. I'm going to school because i'm genuinely interested in learning pharmacology and about the profession, i want to practice it, BUT i also want to be compensated for paying my dues in school. Good pay, great employment opportunities, etc... Hiring freezes? Saturation? This is all disaster. For some people to say, "Oh, you kids want everything easy and have never worked in the real world, blah blah blah". To hell with that. Sure, I just turned 23 but why should I have to work any harder to find a good job? When you go to school for 8 years and put in all that work, that's it. You should be done and doors should be open for you. Why work harder? WTF? Only 8% of the US population has a graduate degree in the first place and people telling me and others we just want a "pie in the sky?" No. If i've been in school for many years, I should finally see an end to the blackness and get rewarded. But whatever, there is no reward. To hell with it all. |
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#20 | |
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Senior Member
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#21 | |
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Senior Member
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Thank you, Aznfarmerboi. FINALLY. Someone who understands the crux of the matter. |
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#22 | |
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Rated Rx Superstar
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It shouldn't be alarming because the situation is not that no jobs will be available. It's still a fairly financially sound bet, just do your homework, network, and keep your options open. |
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#23 | |
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Rated Rx Superstar
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#24 | |
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Starnesville here we come
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However, I don't agree with all of your logic. Many on this forum seem to think there is a direct relationship between time in school and the salary one is entitled to upon graduation. This is simply not true. Different professions (or, gasp, "jobs") have different salaray ranges. The salary range for a given profession is dictated by what the market for such a profession will bear. Spending 8+ years in school doesn't guarantee anything except a hefty tuition bill. Pursuing an advanced degree is all about opportunity cost. You decide to forego income you could earn by working for four years, and instead incur the extra cost of pharmacy school tuition. That's a choice you make because you feel you will be better off in the long run. You base that decision on projected salary and how much debt you will assume to get through school. Taking on over 100k in student loans is a very risky decison that has long term quality of life consequences. Based on other posts in this forum, it seems like many pre-pharm and pharm students have really not considered this. Wake up, everyone. 120k over 10 years at a now unattainable 2.xxx interest rate will be over $1200/month. For a decade. Add that to a mortgage, retirement savings, etc... and you are looking at very little in the way of flexible income. Many people in this country "get by" on 65k per year. That is pretty far from a poverty wage. Not all of these people thought they could take on 120k in debt for their education. Again, opportunity cost. It's not just pharmacy, though. Tuition for undergrad is stupid-expensive pretty much everywhere. Add professional school and massive debt has become almost a certainty. Such debt has been enabled by student lending practices. That's a big reason many people think student loans are the next "bubble" waiting to happen. I am by no means trying to trash your post. I enjoyed reading it and I strongly appreciate that you are thinking about these realities while still in school. That puts you way ahead of many pharmacy students. |
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#25 | |
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Retired
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Why?? Because, # of school per state is irrelevant as it's more accurate to evaluate the number of graduating pharmacist per capita or per volume of pharmacy workload in the state. Also, pharmacy class size varies greatly from school to school Therefore your analysis is inaccurate, illogical, and makes no sense. BTW, Arkansas now has 3 pharmacy schools not 2. |
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#26 | |
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Go Gators!
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#27 | |
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Retired
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Your view is very myopic where you can only see 2 feet in front of you. When there are more graduating pharmacists than available positions, which is what we're predicting even though that may not be the case in your piss poor rural town, the quality of working environment for pharmacist will suffer greatly due to increase in confidence of employers to demand more from pharmacists. You as an individual pharmacist may have a job but don't ever believe that you're never going to be replaceable by younger and hungrier pharmacists who's willing to work for less. |
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#28 |
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Retired
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#29 | |
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Rated Rx Superstar
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My point is view is not myopic. A myopic point of view would be to assume that there is still a massive shortage everywhere and that I could find myself a nice 50K signing bonus in New York City. I have actually looked around and done research on the job market in my local area. I don't care if Texas, or Florida, or So-Cal, or even the eastern portion of my home state is saturated, that doesn't affect me because I'm not looking to work there. To tell me that I'm screwed because those areas have too many pharmacists is far more myopic than anything I have said. And yes, I'm aware that there may be a pharmacist one day who tries to undercut my salary to take my job. It's not very likely, since, again, my hometown is generally just a stop off for new graduates until they get job offers elsewhere, but it's certainly a possibility. Again, that's where flexibility comes in. If moving ends up landing me a nicer job somewhere, then so be it. I find contentment in my surroundings very easily. I live cheap and I'm not a picky guy. You may balk at the idea of living in Fargo, or Milwaukee, or Cleveland, but I could be very happy with my life and job situation were I to move somewhere like the aforementioned cities. Getting back to the school situation, since that was what sparked this anyway. Yes, the rate at which schools are opening is spiraling out of control, and it needs to be kept in check (or stopped), but where these schools are opening is largely exacerbating the problem. Two schools in Maine aren't going to hurt that much, since a good percentage of the class will likely stay in New England. They'd be stupid not to, given the current job market. Sure, some will move to more saturated areas, but far less Husson grads will be competing for jobs in California than will California NorthState grads. |
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#30 |
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... a lovely Jane! ♥
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Yes. Minimal saturation. Roughly a year ago, the pharmacy DM talked about a $50K sign-on bonus (for 3 years) for working out in the country about an hour north of my hometown.
There's saturation near the pharmacy schools, but that's about it. ![]() Anybody an LSU fan? They're hiring out in Baton Rouge... but that's only if you're willing to put up with the most horrendous traffic in the state.
__________________
You can't chain a free spirit. Smart girls are always up to no good. ![]() Are you a "clinical" leech or a "clinical" tyrant? Take the quiz! P4 year countdown ![]() I will not respond to threads about salary, pregnancy, & the differences between retail & hospital pharmacy. Use the search function! |
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#31 |
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Member
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There are pharmacy schools in Little Rock, AR (UAMS) and Searcy, AR (Harding University). Where is the other one in AR?
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UAMS College of Pharmacy Class of 2013 |
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#32 |
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Member
Join Date: Mar 2007
Posts: 54
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i dont think u should worry about a school in maine. lemme take a wild guess and say that most people who will attend that school are from maine and will stay in maine.
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#33 | |
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Hello
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One of the admin from the school posted on here that like 90% of incoming students are from Maine. I am all for it since there is an actual need up there. |
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#34 |
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Senior Member
Join Date: Jan 2008
Posts: 274
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i was talking to some physicians about where pharmacy is going. they were surprised how the profession doesnt protect itself like medicine does. medicine really dictates how their profession goes.
unfortunately the only way to control this nightmare is with required residencies it seems now. i disagree with pharmacy residencies ever being required. |
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#35 |
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Senior Member
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As stated so eloquently on another thread, retail blows. Sorry to any of you people out there who actually enjoy retail, good for you. I think if pharmacy wants to move forward to be a good profession, then we need to make the work environments a little more professional. None of this you can't sit down because the customer will think you're lazy crap. I get the impression that ACPE switched to PharmD so pharmacists could be held in higher esteem, but that doesn't really work if you are still practicing pharmacy in a fast food type of model.
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Professional student |
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#36 | |
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Retired
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#37 |
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Retired
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#38 | |
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Senior Member
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As I stated in another post on this thread, pharmacy will never truly be a profession until it begins protecting itself and representing the rights of its member pharmacists. The AMA lobbies for physicians and we have no one? Ridiculous, if you ask me. But it seems everytime I point out a reality such as this one in other posts, no one even bothers addressing the veracity of at least some of my points. Oh well. |
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#39 | |
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Senior Member
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#40 | |
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Senior Member
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__________________
"I'm just so tired of all this traffic, I just can't wait till we get out of Africa" There comes a time for every man to sail the seas of cheese -primus |
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#41 | |
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Member
Join Date: Aug 2008
Posts: 99
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I've been reading alot of these posts lately and been asking alot of pharmacists and pharmacy students, what do you think is the worst-case scenario in the upcoming years? I just want to prepare myself for the worst
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#42 |
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Junior Member
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#43 | |
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Senior Member
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#44 |
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Lowest common denominator
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Would that be up in Fayetteville? (edit: nvm, I googled it.)
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Respect the time of those who are here to help. Research it first. Check FAQs. Use the search function.(tutorial) Use advanced search and limit your search. Post a new thread. Thank you. |
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#45 |
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Retired
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#46 |
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Lowest common denominator
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I wonder if I could hit up a residency there in a couple years. My bro's in Springdale, home of sell-out Mustain.
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#47 | |
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Retired
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Why not. I'm not sure what residencies are up that way but it certainly is a nice area to live. I remember 10 years ago, they coulnd't get a pharmacist up there... I'm not so sure now tho. I'd think UAMS will find you interesting...not many from our institution end up there... and I've only pissed off one faculty member there...so. |
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#48 |
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Senior Member
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I wonder how many people will stay in Maine - is this a private school? The only example I can think of is Shenandoah - a private, rural school where almost no one is from Norther Virginia or stays in the area.
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#49 | |
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Senior Member
Join Date: Jan 2008
Posts: 274
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the way these schools are opening im actually terrified about where pharmacy is going (down the drain). new pharmacy systems are also decreasing the number of pharmacists needed on staff in hospitals.
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#50 |
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Retired
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So it's University of New England in Portland and Husson University in Bangor both opening this fall?
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