- Joined
- Sep 22, 2006
- Messages
- 317
- Reaction score
- 0
- Points
- 276
- Post Doc
Advertisement - Members don't see this ad
I read a few post here about pharmacy salaries. Just read a few stuff about AACP website and would like to share. The survey was published 2 years ago
SALARIES
The demand for pharmaceutical care services has resulted in a dramatic increase in salaries in all sectors of pharmacy. According to a 2005 survey by Drug Topics magazine, the median annual earning of pharmacists (including overtime and bonuses) was $89,723 in 2004, as compared to $82,607 in 2002, $78,624 in 2000, and $64,980 in 1999.
"[Pharmacists] working in discount/mass-merchandising stores racked up the highest salaries ($93,442) last year. They were followed closely by pharmacists in HMOs ($93,365), chains ($92,542), and supermarkets (91,915). At the lowest end of the salary scale were hospital or health-system pharmacists ($88,268) and independent R.Ph.s ($84,366). Independents, however, staged the largest percentage gainnearly 10%over the past two years, indicating a conscious drive to become more competitive in the manpower race.
If overtime pay and bonuses are added to salary, the average total compensation for pharmacists in all six practice settings came to $96,537 in 2004. HMOs topped the list with total earnings of $103,761, but it should be pointed out that the HMO figure was calculated on an extremely low response base. Other members of the six-figure income club were R.Ph.s who work in discount stores ($102,898), supermarkets ($100,903), and chains (100,217). Once again, independents and hospitals made up the rear guard, with total compensation of $90,320 and $90,405, respectively. "1
1Cardinale, Val, "Flying High: Are rising wages and generous benefits enough to attract pharmacists and keep them from roaming?" DrugTopics.com, 21 March 2005.
SALARIES
The demand for pharmaceutical care services has resulted in a dramatic increase in salaries in all sectors of pharmacy. According to a 2005 survey by Drug Topics magazine, the median annual earning of pharmacists (including overtime and bonuses) was $89,723 in 2004, as compared to $82,607 in 2002, $78,624 in 2000, and $64,980 in 1999.
"[Pharmacists] working in discount/mass-merchandising stores racked up the highest salaries ($93,442) last year. They were followed closely by pharmacists in HMOs ($93,365), chains ($92,542), and supermarkets (91,915). At the lowest end of the salary scale were hospital or health-system pharmacists ($88,268) and independent R.Ph.s ($84,366). Independents, however, staged the largest percentage gainnearly 10%over the past two years, indicating a conscious drive to become more competitive in the manpower race.
If overtime pay and bonuses are added to salary, the average total compensation for pharmacists in all six practice settings came to $96,537 in 2004. HMOs topped the list with total earnings of $103,761, but it should be pointed out that the HMO figure was calculated on an extremely low response base. Other members of the six-figure income club were R.Ph.s who work in discount stores ($102,898), supermarkets ($100,903), and chains (100,217). Once again, independents and hospitals made up the rear guard, with total compensation of $90,320 and $90,405, respectively. "1
1Cardinale, Val, "Flying High: Are rising wages and generous benefits enough to attract pharmacists and keep them from roaming?" DrugTopics.com, 21 March 2005.
