I'd like to to tackle this head on. A lot of members here speak about pharmacy as a whole being over-saturated. Where are the statistics for this number?
I was speaking to a PCOM admissions member(a NEW school mind you) and she told me that only retail is saturated. Almost all pharmacists want to do is get their degree and spend their lives at CVS making their healthy salary. They don't care about anything else. For these people, the market may be saturated. However, we can't use arbitrary anecdotes for something as serious as this. We(I) will use proof.
http://www.bls.gov/oes/current/oes291051.htm
Now these numbers are from 2010. The new numbers should be out shortly.
Note the rather small RSE(which means the information is fairly reliable). You will see that some states are far from saturated. As a matter of fact, in terms of state vs state, the number of saturated markets to unsaturated markets is 1:1. Also note that it's not just the less populated midwest who are in need of pharmacists. Many east coast states with great school systems and nice neighborhoods are available for pharmacists to work in and start a living.
http://www.bls.gov/oco/ocos079.htm
"Employment is expected to increase faster than average. As a result of job growth, the need to replace workers who leave the occupation, and the limited capacity of training programs, job prospects should be excellent."
"Employment change. Employment of pharmacists is expected to grow by 17 percent between 2008 and 2018, which is faster than the average for all occupations. The increasing numbers of middle-aged and elderly people—who use more prescription drugs than younger people—will continue to spur demand for pharmacists throughout the projection period. In addition, as scientific advances lead to new drug products, and as an increasing number of people obtain prescription drug coverage, the need for these workers will continue to expand."
Job prospect and employment is set the be great. Let's continue.
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Now here is an article by a SDN writer. Personally, I don't think articles and blogs are are creditable source, but let's use it for sake of my audience.
The main points with pharmacy being saturated are
A. because the economy is in a slump, old pharmacists are not retiring.
B. Since there are so many new pharmacy schools opening up the market is/will be saturated
http://studentdoctor.net/2010/05/sdn-reports-pharmacist-job-outlook/
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A. This is a legitimate problem. Pharmacy is a very financially secure position. I can totally understand why older pharmacists who may not even NEED to stay in the workplace might want to in order to help their children and grandchildren.
B. Ahh my favorite. I have a feeling I'm going to get labeled as a ranking bigot and an elitist. However, this is how pharmacy(much like medical school) is going to become more competitive. Pharmacists and employers will start paying more attention to where you got your degree and your residency. Just as business school's prestige and rankings enable them to network and obtain high profile internships, and top medical schools open doors to the most appealing residencies, pharmacy will follow suit.
Now let's clarify "rankings and prestige" most don't understand. When considering pharmacy school, yes, the grandaddy of all rankings, U.S. News is what everyone looks at. This is a good indicator of what schools are good because the methodology behind them is peer review. U.S. News asks schools about other schools programs. If Michigan says UCSF has a better pharmacy school don't you think this means something?
HOWEVER it should be noted that the reply rate for these rankings is fairly low. Now, the reply rate is for all colleges and universities asked. U.S. News should be used to get a ballpark estimate on how good a pharmacy school is.
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The most popular way for judging how good a pharmacy school is NAPLEX pass rate. The NABP publishes this information every single year for every pharmacy school. It accounts for size of the student body and the pass rate. A total pass rate is complied by factoring in the past 5 years of scores.
http://www.nabp.net/programs/examination/naplex/school-pass-rate/
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As in any market, when things get competitive the best fair better. There is no proof of pharmacy being saturated. There is only speculation.