I am a Navy pharmacist - commissioned in July of last year, stationed in at NAS Jax (FL), and currently deployed on the USNS Comfort for Continuing Promise 2011. We leave Norfolk, VA on Friday and will visit 9 countries providing humanitarian aid over the next 5 and a half months, returning in September.
Don't take anyone's word for anything. Go speak to a Medical Service Corps recruiter and believe nothing they tell you unless they point you to the reference (NAVADMIN). There are college programs, yes. They may or may not pay for all of your schooling. There are sign on bonuses, yes. They are taxed and commit you to a longer time while disqualifying you from other incentives. There is loan repayment - it cannot be taken concurrently with any other incentive. If it sounds to good to be true, it is. You will NOT make more as a Navy pharmacist than a civilian due to incentives - you may match, but not more.
Sorry to sound brutal, but the false information is rampant and the promises of money entice people to join the service out of selfishness - which makes life for those of us who WANT to be here harder. Plus 2 weeks at sea and I've got some salt on me.
You will join as an O3, which sounds great because you get to skip the piss ant ensign and JG rank....EXCEPT you are held to a higher standard. You have 2 bars - you are expected to know 2 bars worth of stuff. You have 5 minutes in but people see your rank and think you've been around the block at least once. So you have to have thick skin, open ears and eyes, and check the ego on the quarterdeck (at the door for you land lubbers).
You will be thrown into your new job as a pharmacist AND expected to lead. Three months after stepping foot into the Navy's 4th largest hospital (and therefore, pharmacy) I was made DIVO (division officer). I am responsible for the management of a pharmacy that fills over 600,000 scripts a year. I am responsible for 6 civilian pharmacists, 12 civilian techs, and 25 sailors (corpsman). Those sailors are mine. They're career depends on me (and my chief - more so on him, but he needs to count on me not to be a roadblock; to make the pharmacy a place where his sailors can grow and advance). I love it. I flourish. Some do not. Some come in thinking they will sit down and check scripts all day and not have to deal with insurance so it's great. Those people fail.
Now I get to go to 9 Central and South American countries as one of 5 pharmacists on one of our hospital ships, the USNS Comfort. I wouldn't trade where I am right now for anything.