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If I can add:
Personally I feel a residency is for someone who is 100% certain in specializing/yearning for a clinical specialty. However, despite all this hype and promotion for having one (at least my school drilled it into each of our heads hehe), it does not guarantee the perfect job or even a job at all. As other people mentioned here, it only opens up the doors of opportunity; but it does not mean you will pass through that ideal door.
I have two friends who participated in residencies. One of my friends ended up not finding any job related to her expertise, but eventually relocated to a rural area working in the field of pharmacy. Another friend also completed a PGY1, but after that she instead found work as a staff pharmacist. Does that mean residencies are useless? No. Does it mean residencies are a shoe-in into your ideal job? No. Residencies exist for pharmacists to rapidly broaden their knowledge and gain the experience of x number of years (I forget how much, but somewhere along the lines of 3-5 years experience per year of residency).
I still feel that residencies should be optional for new grads. Leave it to them to decide whether or not they want to gain additional experience as they progress through their career or quickly in 1-2 years. Although like others, I feel the shortage is already being filled up in the retail setting, so eventually residencies might become the new "weed out" step to prevent the influx of extra pharmacists into the workforce.
Personally I feel a residency is for someone who is 100% certain in specializing/yearning for a clinical specialty. However, despite all this hype and promotion for having one (at least my school drilled it into each of our heads hehe), it does not guarantee the perfect job or even a job at all. As other people mentioned here, it only opens up the doors of opportunity; but it does not mean you will pass through that ideal door.
I have two friends who participated in residencies. One of my friends ended up not finding any job related to her expertise, but eventually relocated to a rural area working in the field of pharmacy. Another friend also completed a PGY1, but after that she instead found work as a staff pharmacist. Does that mean residencies are useless? No. Does it mean residencies are a shoe-in into your ideal job? No. Residencies exist for pharmacists to rapidly broaden their knowledge and gain the experience of x number of years (I forget how much, but somewhere along the lines of 3-5 years experience per year of residency).
I still feel that residencies should be optional for new grads. Leave it to them to decide whether or not they want to gain additional experience as they progress through their career or quickly in 1-2 years. Although like others, I feel the shortage is already being filled up in the retail setting, so eventually residencies might become the new "weed out" step to prevent the influx of extra pharmacists into the workforce.
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