I don't get the whole residency thing. It sounds like bs. A PharmD [SIZE=-1]≠[/SIZE] MD. Therefore, what's the point. MDs go through residencies so that they can specialize in a particular type of medicine. Until they give titles like: Oncologist Pharmacist, Pediatrician Pharmacist, or Gynecologist Pharmacist, I'm staying away.
It's not like you get a master's degree after you're finished. You don't get anything except to say that you did a residency.
The experience argument is defective. A residency is worth X number of years of experience. Let me just substitute an arbitrary number for X, and bamn!, your residency has that much value.
There's a "shortage" of pharmacists right now. The most logical approach would be to get a job once you graduate, unless you want to go into something that's very specific. Even if you want to specialize in an area that needs additional training, why do you have to lose one to two years of your earning potential to learn? You're a licensed pharmacist for crying out loud. A $35,000 stipend < $100,000 salary. I can understand a paycut, but that stipend stuff is like a lowball, consolation prize.
One of the pharmacists from work told me a story about her friend. She said that her friend decided to do a residency, because she was tired of doing the same ol' **** every day at Target. That's right MountainPharmD, she gave up her job at Target!
So once she finishes her residency, she starts working at a Coumadin clinic. I don't know if you'll believe this or not..., but guess what her complaint is now, she's still has to do the same ol' **** every day.
The pharmacist's friend was looking for more diversity and fulfillment, but she just ended up regretting her decision. I'm not 100% sure, but in the end, I think she wanted to go back to Target.
My other pharmacist's friend left his residency after three months, because he was tired of working every weekend and couldn't get off when he needed to.
The whole residency system is flawed. The only slave work I'm willing to do consists of a 40hr work week plus overtime.