After my first year of Pharmacy School I have heard a lot of talk from my classmates about plans to complete residencies after graduation. I have also seen the faculty push us toward residencies. I want to know what the major advantages to completing a residency are. I know it looks good on a CV and makes you more competitive, but with the shortage of pharmacists isn't this overkill? Also what are the advantages to pharmacy specialties? Do they have higher salaries without moving into management positions? Being an older student, I just want to make sure that doing a residency is worth the two more years of long hours at half the salary. Thanks again for your help.