- Joined
- Jan 10, 2015
- Messages
- 3
- Reaction score
- 0
Hello everyone,
Current PY3 going into rotations in a couple of months and I am need of someone to convince me to go to residency.
Will graduate in 5/16 with about 130k including principle + interest in loans from pharmacy school- no other debt.
Although I have a passion for oncology pharmacy, I cannot convince myself to do a residency due to the financials:
Typical Residency: 40k/year x 2 for oncology
Typical Retail: ~125k/year x 2 years of residency
Interest on debt over 2 years of residency: 17k
This equals 187k of lost revenue(no taxes involved) to get a job in oncology pharmacy.
I cannot find information on the salaries of typical oncology pharmacists, but knowing most hospital staff pharmacists are < retail pay I am assuming pay isn't any or if at all higher than the retail pay.
Hospital does seem to get more PTO than retail and that is important- but the hospital seems to involve more unpaid OT.
Please present any pro/con arguments you can think of and do your best to sway me one way or another.
I appreciate any input.
Current PY3 going into rotations in a couple of months and I am need of someone to convince me to go to residency.
Will graduate in 5/16 with about 130k including principle + interest in loans from pharmacy school- no other debt.
Although I have a passion for oncology pharmacy, I cannot convince myself to do a residency due to the financials:
Typical Residency: 40k/year x 2 for oncology
Typical Retail: ~125k/year x 2 years of residency
Interest on debt over 2 years of residency: 17k
This equals 187k of lost revenue(no taxes involved) to get a job in oncology pharmacy.
I cannot find information on the salaries of typical oncology pharmacists, but knowing most hospital staff pharmacists are < retail pay I am assuming pay isn't any or if at all higher than the retail pay.
Hospital does seem to get more PTO than retail and that is important- but the hospital seems to involve more unpaid OT.
Please present any pro/con arguments you can think of and do your best to sway me one way or another.
I appreciate any input.