Accelerated pharmacy school vs cheap in state public school?
Started by JakeSill
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Pharmacy is done, kiddo. The answer is none of the above.
Cheap public school...accelerated program students have difficulty obtaining and working internship positions, which greatly aid in post-graduation work or residency options.
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You didn't include living expenses in that calculation pal. With a four-year school, you have time to work shifts as a pharmacy intern, but not so at a three-year school. That is going to add up.
That 120K salary sounds impressive until you realize it's probably going to end up being 60-70K take home pay after taxes and 401K contributions.
You'll probably need 20-30K minimum (that's 1.6K-2.5K) for some sort of decent living. After that you may have 30-40K to throw at your loans. Maybe.
At 7% interest, 75K loans will cost you 5K in interest your first year while 149K loans will cost you 10K in interest.
So.... after all is said and done, you may be putting 20-30K towards your extra 75K of loans, just so you're out of school one year early.
Now, this is assuming you're lucky and get full-time employment immediately after graduation.
Because, you may end up being screwed and have to do a community residency just to do retail work at wags or at the big red devil.
That 120K salary sounds impressive until you realize it's probably going to end up being 60-70K take home pay after taxes and 401K contributions.
You'll probably need 20-30K minimum (that's 1.6K-2.5K) for some sort of decent living. After that you may have 30-40K to throw at your loans. Maybe.
At 7% interest, 75K loans will cost you 5K in interest your first year while 149K loans will cost you 10K in interest.
So.... after all is said and done, you may be putting 20-30K towards your extra 75K of loans, just so you're out of school one year early.
Now, this is assuming you're lucky and get full-time employment immediately after graduation.
Because, you may end up being screwed and have to do a community residency just to do retail work at wags or at the big red devil.
Even if you're lucky enough to get full time employment 3-4 years from now, good luck getting 120k. New grads have only been getting 30 hours/week the past few years. So 90k before taxes is closer to 50k after taxes and deductions. Pharmacy ain't worth it.
Plus, retail is hell. I've only been doing it less than 2 years and I already want out. There are 4 lifers (worked 20+ years) at my store. Everyday they come in and bitch and moan about how great it used to be and how much they hate the place. They can't leave because there are no jobs anywhere else, so they have to stay put for another 20+ years until they retire. Or until they're laid off and replaced by robots, whichever comes first.
Plus, retail is hell. I've only been doing it less than 2 years and I already want out. There are 4 lifers (worked 20+ years) at my store. Everyday they come in and bitch and moan about how great it used to be and how much they hate the place. They can't leave because there are no jobs anywhere else, so they have to stay put for another 20+ years until they retire. Or until they're laid off and replaced by robots, whichever comes first.
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The ship has hit an iceberg, yet people are still trying to pile on which will make it sink faster.Pharmacy is done, kiddo. The answer is none of the above.
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