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if you want regular pay raises, join the military 
Pharmacy Salary Growth
- Thread starter bsmith7777
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Disagree, I have seen salary advancement in Managed care pharmacy and hospital pharmacy with MBA and residency will help job security in future clinical settings. They may not be the right path for everyone but I would not rule them out entirely.
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Residency definitely helped me to land my current job, which is quite well paid in this area. I was brought on board because much of my PGY-1 was focused in ID, but the job position is actually on management track.
If you are counting on annual salary increase for doing the same kind of work, then you have to settle for the tiny % that your boss gives you. Folks, there is little opportunity to advance far unless you get into management side. I love doing ID work, but the reality and ambition points to management.
You will never make a lot of money working for others, the real money is not made off of labor or products, it is made off of people. I learned something from my last career: "the closer you are to the money, the more you make".
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Why the heck are you in health care at all?
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For the paper, dipsh--
Why does anyone work?
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Dipsh*t, the point was that health care as an industry is about as labor intensive as it gets, and health care professionals are generally far removed from the actual payer. The other poster clearly should have picked IB or MC.
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I do infectious disease, how is that not helping people? I'm into ID and good at what I do. Also, nothing says I can't try to make more money doing it.
"...the real money is made off of people". Why would anyone hire you? Most likely you will never be paid what your productivity is worth, as profit = income (your productivity) - cost (your salary). The entire capitalist business model is based on making money off of the difference between labors and productivity of the working class. On paper, your worth is not much different to the company as that of a machine. You want to make money? Get closer to the source (management/investors control the money). You want to be rich? Get people to work for you rather working for somebody else.
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Potential salary vs. Guaranteed salary.
It's been beaten to death on this board hahaha.
Although I guess you could argue that no salary is "guaranteed"...
docs in canada earn salaries comparable to those in the US.
family docs earn 150-200k+
anesthesiologists 300k
cardiologists like 400-500k (i think they earn the most)
overall they probably average 200-250k. Maybe a bit more.
Well docs should live comfortably, but IMO 300k as an average for certain specialties is too much. There are plenty of fields that require PhDs and whatnot that don't earn anywhere near that. A 200k average is more reasonable for an average with 300k limited only to those in very tough surgical specialties. Just my opinion.
That is why they should have majored in something other than general business. They should have opted for an accounting degree and then pass the CPA exam.
The typical business graduate is a 4 year degree, which is not exactly fair to compare it to a terminal degree in a professional program. However, with all that being said, I might make what my wife makes when I am done with school. Key word is might.
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What is the cut-off for pharmacist salary? I know now the starting salary for retail pharmacists is 120-130K and then with OT and bonus you can easily make 130K to 150K and much more if you are a district manager or pharmacy manager.
I know every year you could get a small bonus 1-5K and inflation can keep increasing salary...but after a certain point, do they cut you off and say that's the maximum salary a retail pharmacist will make...like $70/hourly or 145K...
And technically if a person has 20-30 years of retail experience and moves to a new market/store...will he get the 140K salary or will he get the same as the new pharmd graduate with 0 experience at 120K?
I'm trying to understand if inflation keeps increasing your salary every year or there's a cut-off point because I think your salary keeps increasing even if it starts at 120K (past 2 years-my family member has gotten about a 3% increase in salary plus about 3K bonus each year...so does his Pharm manager who's been working for 20 years make like 70 a hour (salaried)?)
I know every year you could get a small bonus 1-5K and inflation can keep increasing salary...but after a certain point, do they cut you off and say that's the maximum salary a retail pharmacist will make...like $70/hourly or 145K...
And technically if a person has 20-30 years of retail experience and moves to a new market/store...will he get the 140K salary or will he get the same as the new pharmd graduate with 0 experience at 120K?
I'm trying to understand if inflation keeps increasing your salary every year or there's a cut-off point because I think your salary keeps increasing even if it starts at 120K (past 2 years-my family member has gotten about a 3% increase in salary plus about 3K bonus each year...so does his Pharm manager who's been working for 20 years make like 70 a hour (salaried)?)
This is probably dependent on location, and position. Me and a cohort of 2016 grads were hired by CVS at an *undesirable* location, they started us off at $70/hr. The downside? At my (first) performance review, my super said that our pay was already the max staff rph rate (in that district), so no raises for any of us. So much for trying to milk the staff gravy train for all of eternity
