Academia is making $bank$

[BMBiology]

Don't believe me? Check out these average salaries:

http://www.aacp.org/resources/research/institutionalresearch/Pages/salarydata.aspx

$103-160 k for a professor
$240 k for a dean

These figures are just salaries. They do not include their generous benefits. Only in academia where you get 4 months off every year, train students for a career that doesn't exist and provide services that is not billable but yet, you still make bank.

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[amazayn]

feel free to join them

 

[eagles22]

Don't believe me? Check out these average salaries:

http://www.aacp.org/resources/research/institutionalresearch/Pages/salarydata.aspx

$103-160 k for a professor
$240 k for a dean

These figures are just salaries. They do not include their generous benefits. Only in academia where you get 4 months off every year, train students for a career that doesn't exist and provide services that is not billable but yet, you still make bank.

It's simple economics. There's a huge demand to become a pharmacist, and they're reaping the benefit. There's a huge demand for fast food, and McDonald's satisfies that. Just because the food is bad for people, it would be dumb not to fulfill the demand. Just because there's small demand for pharmacists, it would be dumb not to fill that demand either.

 

[BMBiology]

^ free market is one thing but taking advantage of students, selling them false hope and abusing the student loan program is another.

 

[Old Timer]

Don't believe me? Check out these average salaries:

http://www.aacp.org/resources/research/institutionalresearch/Pages/salarydata.aspx

$103-160 k for a professor
$240 k for a dean

These figures are just salaries. They do not include their generous benefits. Only in academia where you get 4 months off every year, train students for a career that doesn't exist and provide services that is not billable but yet, you still make bank.

You are such a narcissistic jerk. If they have it so good, become a professor or a dean. You want to make $Bank$, but deride others who do. Man you need some Paxil or something. Life is to short. You should become the Mayor of Negadelphia.

 

[297point1]

feel free to join them

What makes you think we want him/her?

 

[xiphoid2010]

what I find interesting is that librarians makes $71.1K. Now that's good pay for a BA degree.

 

[BMBiology]

You are such a narcissistic jerk. If they have it so good, become a professor or a dean. You want to make $Bank$, but deride others who do. Man you need some Paxil or something. Life is to short. You should become the Mayor of Negadelphia.

Give me a break. You got offended that I post average salaries from the American Association of Colleges of Pharmacy's website?

People not only need to ask but demand to know where their tuition and tax money is going. Why has tuition skyrocketed? When I started pharmacy school, it was 31 k a year. Now it is over 50 k. Apparently from these numbers, we have a better idea as to why the AACP keeps on pushing for new schools, why their studies still show there is a shortage of pharmacists.

 

[BMBiology]

What makes you thing we want him/her?

I am sorry that I don't qualify for one of these highly trained jobs. What I do actually generates billable work.

 

[Gombrich12]

If you go to guidestar and look at a few form 990's for pharmacy schools it looks like for the most part salaries aren't too out of line. If you want to see crazy salaries look up law schools, there used to be deans making $600-800,000/yr. I really don't think the jobs of pharmacy school employees are as stable as many think they are due to the increasing student debt and defaults. It's a good gig if you want to get a PhD or do a residency and like to teach and sit in meetings. No thanks.

 

[maria1oh]

These are professors. Not everyone who teaches at pharmacy school is a professor. The professors also are usually the ones doing the research and studies so they don't get 4 months off. The lecturers, assistant professors, and associate professor are the ones doing the teaching. It usually takes several years of teaching and/or research before earning the title/salary of professor.

 

[BMBiology]

^ did you click on the link? Lecturers are being paid 101 k a year.

 

[amazayn]

^ did you click on the link? Lecturers are being paid 101 k a year.

It would be kind of sad if they were making less than that IMO

 

[Old Timer]

Give me a break. You got offended that I post average salaries from the American Association of Colleges of Pharmacy's website?

People not only need to ask but demand to know where their tuition and tax money is going. Why has tuition skyrocketed? When I started pharmacy school, it was 31 k a year. Now it is over 50 k. Apparently from these numbers, we have a better idea as to why the AACP keeps on pushing for new schools, why their studies still show there is a shortage of pharmacists.

It's not that you posted salaries. You decided the value of the salaries. Yet those people trained you and you do have a job and you do make $Bank$ compared to the average American. You will be a happier person if you found a little gratitude. Or in the words of a sage from the Talmudic era:

Who is happy? He who is satisfied with his portion.
Pirkei Avot 4:1

 

[BMBiology]

It's not that you posted salaries. You decided the value of the salaries. Yet those people trained you and you do have a job and you do make $Bank$ compared to the average American. You will be a happier person if you found a little gratitude. Or in the words of a sage from the Talmudic era:

Who is happy? He who is satisfied with his portion.
Pirkei Avot 4:1

This may be a shock to you but pharmacy school (drum roll please) did not provide me with much training.

Sure I had to go to lecturers where my professors just read off the slides (because they would give us pop quizzes). Sure I had to spend hours memorizing structures (because the only way to access that information nowadays is through pure memorization). Sure I had to follow them around while they went over patients' charts and make life changing recommendations (they were not even considered by the way).

Man, I was eating it all up. I remember working as an intern with a floater. He is a middle age pharmacist who graduated from my school. I told him that soon pharmacists will be able to bill for their clinical services. He just burst out laughing and shot back, "That is what they told me too!".

I hear the same crap today. Nothing has changed but yet these pharmacy schools are still selling the same thing. Pharmaceutical care, clinical pharmacy, MTM, provider status. The same crap, just a different name.

 

[Old Timer]

This may be a shock to you but pharmacy school (drum roll please) did not provide me with much training.

Sure I had to go to lecturers where my professors just read off the slides (because they would give us pop quizzes). Sure I had to spend hours memorizing structures (because the only way to access that information nowadays is through pure memorization). Sure I had to follow them around while they went over patients' charts and make life changing recommendations (they were not even considered by the way).

Man, I was eating it all up. I remember working as an intern with a floater. He is a middle age pharmacist who graduated from my school. I told him that soon pharmacists will be able to bill for their clinical services. He just burst out laughing and shot back, "That is what they told me too!".

I hear the same crap today. Nothing has changed but yet these pharmacy schools are still selling the same thing. Pharmaceutical care, clinical pharmacy, MTM, provider status. The same crap, just a different name.

You could not have sat for the Nabplex without the degree. You could not have received your license without passing the Napblex. Therefore using a thing called logic, you could not be making $Bank$ without the education.

I think you should ask them to change your handle to Darth Vader, Prince of Darkness

 

[BMBiology]

That is your best argument? I should be grateful for a degree and not for an education?

Look, I made the decision to go to pharmacy school. Things turned out well for me, mainly because I graduated at the right time. So I don't have any regrets. But that doesn't mean I think it is right or it is justified how pharmacy schools are misleading their students. Back then there was a job waiting for me once I am done with jumping through all the hoops. That can't be said for today's graduates.

 

[SpartanLaser]

temp ban? Some mod abusing powers?

 

[PharmDCandidate2014]

BMB would solely be responsible for a 100% dropout rate after day 1 of class. The introductory lecture lays out things that are omitted on pamphlets and admission officers/recruiters. This bluntness and honesty can only get you so far in real life, so day 2 sees BMB being permanently escorted off property by school security replaced by a more desirable replacement in terms of fairy tale mentality: insert *any class of 2019 grad or beyond here.*

 

[fewaopi]

they make a decent amount of money but for some of them or most of them it's on average less than a retail pharmacist.

looking at page 34 of the 2014-15 report, most faculty have a ph.d. ph.d requires a lot of sacrifice, lost time, and they still come out less than a pharm.d faculty member who requires less training and hours invested. pharmd faculty make bank in comparison.

pharm.d faculty members likely had to complete pgy1 or pgy2 so that's also years of lost income that early on compound if not invested properly.

deans imo make a bit too much and lecturers i have no idea what their job responsibilities are but if it's just lecturing then it's overvalued imo.

a lot of them seem on average to make around the range of retail pharmacists but had to put in more time, effort, lost wages immediately post-grad, and the possibility of not making it there (as i imagine it's pretty competitive) tenure track professors are in general...

the money and profit doesn't necessarily always go to faculty but also to those not report in the link. like presidents, board of trustees, admins, admins, useless admins and the surplus of deans for everything imaginable. another way to look at this is to see the average salary as a way for presidents, employers to decide on what's fair salary and how to cut it down and maximize profit to the president or his/her pals. other ways to look at it are maybe it's a way to look and see, "wow we only have to pay that much" or "hey they make a lot let's cut'em and keep more for ourselves"

i'm sure there's more to the business operation side of a school than just professors.

a lot of people suffer from the uncontrolled greed of others. now pharmacy is suffering after having been a pretty good profession for many years. im sure a lot of professions, careers, majors will suffer this especially with high tuition costs and student loans.

 

[radio frequency]

what I find interesting is that librarians makes $71.1K. Now that's good pay for a BA degree.

It's not a BA degree. It's masters level for licensure.