Just as the title says, what should we future P1's be aware of before we start. Like jobs/internships. Studying and just general stuff like that.
Just as the title says, what should we future P1's be aware of before we start. Like jobs/internships. Studying and just general stuff like that.
Just as the title says, what should we future P1's be aware of before we start. Like jobs/internships. Studying and just general stuff like that.
👎3 or 4 years ago, I'd have told you all to go for it, full steam ahead, but nowadays? Change your major NOW before you get in over your head in every way.
ITT:
Recently accepted student who is probably still jumping for joy at getting in gets told to not bother with pharmacy school. Can't help but laugh
I'll second this though.
http://forums.studentdoctor.net/showthread.php?t=844482
but more seriously, change your major. if you are going to spend 4 years studying, do not waste it on pharmacy. that was so 12 years ago. whats going on now is PT or OT. i saw a job wanted posting for a PT in my area, $58/hr starting.
The other issue with pharmacy is the rapid increase in salaries due to a temporary shortage. There will be a correction now that there is a surplus. Go back to 1997 before the big pharmacy lottery hit and salaries jumped up to over 100k in less than 5 years. The average retail pharmacist in the mid-west was making $55,000 a year. Lets assume a 3% increase in salary per year since then. That would be $85,688 today. Which is about right or maybe a little to high for what a retail pharmacist does. I am sorry but there is no way in hell a retail pharmacist is worth $130,000 a year. The big chains have dumbed this job down to a point where an advance associate degree technician could do it for $50,000 a year.
My wonderful company is a prime example of this. They have instituted a draconian performance evaluation system designed to ensure hardly anyone gets a raise or a bonus. In fact many pharmacists will be getting a pay CUT this year. The max raise for the top performing pharmacy managers (top 4 out of 20) in my district is 2%. Which is 1.2% less than the rate of inflation last year. Based on rankings by the pharmacy supervisor it goes down to the bottom ranked pharmacists getting nothing. The evaluation is based solely on meeting performance metrics that have nothing to do with the actual practice of pharmacy. The pay cut comes because they re-did their pay levels based on prescription volume. They have now raised the top pay level based on volume so high only 4 stores qualify. Stores that qualified last year on the old levels get dropped a level and thus get a pay cut.
I blame the schools more than anyone, for their greed, and for increasing tuition every single year. It's going to take at least 10 years for the problem to correct itself, that'll be how long it takes for students to realize that going to pharmacy school is going to cost more than what they will earn.
Don't blame the schools. Blame ignorant people that take out 100k-200k in federal unsubsidized 6.8% loans. Blame the government for giving out these loans like candy to anyone with a pulse basically. The schools are merely adjusting to a changing market in that there are people waiting in line to give them tens of thousands of dollars. They raise tuition by 1.5x, 2x or whatever and there are still hordes of people waiting in line to get in. Same thing is happening in all professional schools: (NYU Dentistry: $65,000 tuition a year, Columbia Medical: $50,000 tuition a year, New England College of Optometry: $32,000 a year etc. etc.) Now is NOT a good time to do a professional school if you don't have financial support unless you want to be repaying those loans for the next 10, 20 or 30 years. There is a huge tuition bubble.
👍 yes, you're right.
First crisis: housing bubble burst - 2008
Second crisis: tuition bubble burst - 20?? - its coming
Thank you. Take a look at this that just came out on the dental forums: http://dentistry.usc.edu/programs/dds/cost-of-attendance/
Tough times indeed.
lol WOWW I thought USC's pharmacy tuition at 45k/yr was a lot. Then again dentists do make more money. I'm seriously considering going into another field. No matter which way I look at it, it seems like I'm going to be paying to be a pharmacist instead of getting paid to be a pharmacist.🙁
Good luck with other fields if you look at it from this point of view. Pharmcists get paid less but the tuition for pharmacy school is much much cheaper than dental schools. Perhaps try one of the public pharmacy schools. For example, SUNY buffalo tuition is like 20k per year for instate students (without scholarships, financial aid...etc) and you can get residency after the first year (which is considered as undergraduate tuition). You might end up paying something like 80k in SUNY buffalo for all 4 years, not bad.
Thank you. Take a look at this that just came out on the dental forums: http://dentistry.usc.edu/programs/dds/cost-of-attendance/
Tough times indeed.
Thank you. Take a look at this that just came out on the dental forums: http://dentistry.usc.edu/programs/dds/cost-of-attendance/
Tough times indeed.
👍 yes, you're right.
First crisis: housing bubble burst - 2008
Second crisis: tuition bubble burst - 20?? - its coming
Yes, that is a good option. I go to SUNY Optometry and since I'm in-state I only pay $18,500 a year. Also, I get some limited scholarships and I live at home so that's how I'm avoiding the bubble. Definitely go the cheapest way possible or just do a PhD. They pay you $30,000 a year or so to study if you don't want to risk taking out crazy loans or you can look into military scholarships as well to see if they are for you.
But even if it does, most of these new grads with huge loan balances will receive the benefit of some major government aid package... if not have their student loans wiped clean altogether.
In fact, its almost reason enough to borrow excessively now... before it all goes down.
Wishful thinking. The government is broke and the only thing that will help wipe your loans is massive inflation.
Good luck with other fields if you look at it from this point of view. Pharmcists get paid less but the tuition for pharmacy school is much much cheaper than dental schools. Perhaps try one of the public pharmacy schools. For example, SUNY buffalo tuition is like 20k per year for instate students (without scholarships, financial aid...etc) and you can get residency after the first year (which is considered as undergraduate tuition). You might end up paying something like 80k in SUNY buffalo for all 4 years, not bad.
wishful thinking on who's part? Not mine.
Also, the government is broke? Since when has that stopped spending? the us has had debt for most (if not all) of its existence. Nobody cares.
I'm just pointing out that warning all these p1s about an impending "bubble burst" is pointless. they are likely to benefit from it.
You are right about massive inflation though. That's going to help everyone with debt as well.
lol WOWW I thought USC's pharmacy tuition at 45k/yr was a lot. Then again dentists do make more money. I'm seriously considering going into another field. No matter which way I look at it, it seems like I'm going to be paying to be a pharmacist instead of getting paid to be a pharmacist.🙁
Wow... I suddenly don't feel as ripped off having to pay the ~$30,000 a year tuition for an out-of-state private pharmacy program...
FYI: If you have a pharmacy degree, it's almost impossible to get a job doing anything else. Hoo boy, did I ever find that out the hard way. I was starting to wonder if I should cover myself with tattoos, get a bunch of exotic facial piercings, and dye my hair a color that doesn't exist in or out of nature because that's pretty much all I saw at other jobs.
You don't have to tell anyone you have a PharmD. Just say you have a bachelor's degree in science. Or no degree at all. If you aren't applying for a pharmacist position don't list your PharmD degree.
So, how would I otherwise explain my work history? It's kind of hard to get a job as a pharmacist without the degree.
So, how would I otherwise explain my work history? It's kind of hard to get a job as a pharmacist without the degree.
This is pretty sage advice you can use at any point in your career.My advice: Be humble and go into it with an open mind. You do not have all the answers and you never will. You will also do things you never thought you would ever do. You will be exposed to things you never thought you'd like in a million years.
FYI: If you have a pharmacy degree, it's almost impossible to get a job doing anything else. Hoo boy, did I ever find that out the hard way. I was starting to wonder if I should cover myself with tattoos, get a bunch of exotic facial piercings, and dye my hair a color that doesn't exist in or out of nature because that's pretty much all I saw at other jobs.
This is pretty sage advice you can use at any point in your career.
Didn't you work at Home Depot?
Aren't you the one complaining about pharmacy being too stressful and you want a job that IS NOT pharmacy related...
Then later on you complain about being over educated for some jobs and therefore you can't get hired...
I am sure that was you.
Try to get an intern position during your first year. Do well in school so you can apply for scholarships.
I think all the healthcare professions are facing the same crisis. I was in the hospital yesterday with a family member and the nurse there out of no where jumped and said don't ever think about becoming a doctor. A lot of doctors she knows are facing issues with high MalPractice insurance....etc.
However, I think that any one can find a job if they have good connections, able to relocate if needed, and of course do well in pharmacy school; after all, it's not what you know but who you know. One of my friends here in brooklyn NY (Where there is huge saturation of pharmacists) already has a job waiting for him and he is a P4 student about to graduate. He said that being an intern helps a lot and having good communication skills also helps.