I'm a pre-pharmacy student who has already been accepted to a pharmacy school and I have two more interviews in a few weeks. I really like chemistry and how drugs interact with the body
but now I'm having second thoughts about starting pharmacy school in the fall.
Congratulations !!! You have good foundation, especially with interest in chemistry.
Like everyone else, I've heard that the future of pharmacy may or may not be steady and I'm afraid of how difficult it'll be to find a job with loads on debt on my shoulders.
If you are willing to work
any shift at any city, you will have a pharmacist job. Not the best pharmacist job but still a pharmacist job with pharmacist income.
Debt? You will have.
Income? You will have.
Is pharmacy still worth it? Depends on what you sacrifice and how you value the sacrifice to earn pharmacist income.
I encourage you to find job as soon as possible and be willing to accept any job at any city for any shift. With that willingness in finding job, if you still can not find a job, your student loan payment is still under control for these facts:
First payment for student loan is due after 6 months after graduation date.
If you have less than full time job, you can apply for deferment, meaning: you do not have to make payment and collector will not harass you. (Interest still add up and you will have to pay such interest plus principal later.)
If you have no job, same solution, (meaning: you can apply for deferment, meaning: you do not have to make payment and collector will not harass you. (Interest still add up and you will have to pay such interest plus principal later.))
You have around 4 deferments at 6 months each, totaling about 2 years worth of not being forced to make payment.
You have 1 time of forbearance which lasts 12 months (automatically granted, you ask for it, you will get 12 months of not paying
yet (Interest still add up and you will have to pay such interest plus principal later.)).
Deferments and Forbearance add up to give you help of 36 months to find job.
Of course, please do not exercise such help unless you really truly need them. Just know the help is there if your situation is not as you desired.
Tough time to find job? Yes.
If you are willing to take any pharmacist job at any city at any shift, can you find a job? Yes.
Allow me to remind you about the beauty of pharmacist license: within the state that you have license, you can go to any pharmacy and ask for job. You earn around 60 dollars per hour with check (meaning: job with W2 and pay tax) (or if you work for small pharmacy that pays cash, you can expect to earn around 30 dollars per hour.))
The point is: if you have to pay for bills of your sick parents and you need extra money, any other career gives you that flexibility to earn extra income in your spare time?
To most of us, we have to pay bills, so let's see from the angle of income:
At this point after earning admission into pharmacy school, compared to your friend,
after subtracting cost of pharmacy school,
after subtracting lost income because of pharmacy school,
after subtracting tax of 20%,
you net around 1.4 millions (over the friend who stops going to pharmacy school even after earning admission to pharmacy school.)
Since your tax rate is different, allow me to share another angle:
At this point after earning admission to pharmacy school, compared to your friend,
after subtracting cost of pharmacy school,
after subtracting lost income because of pharmacy school,
before subtracting tax,
you net around 1.8 millions (over the friend who stops going to pharmacy school even after earning admission to pharmacy school.)
Please see my attached pdf file for calculation for your case, (Excel file is included so you can adjust to your own situation.)
I have no problem relocating out of Florida, and I know I'll most likely have to. But if the career will be oversaturated and I won't be able to find a residency or job quickly
Your willingness to relocate and learn is good attitude that
will land you a pharmacist job,
quickly.
I can only relate to my situation so hear me out please....
If I am in your shoe now and continue through pharmacy school and work anywhere as long as I have a pharmacist job, I will net 1.4 millions dollars extra (over the other career if I choose not to go to pharmacy school now). I will work hard for 40 hours a week and go home and still have time to balance my life and do good deeds for others....I think my blood donation is due now...
Congratulations on getting this far in the journey...You already have good attitude and good start...See you out there helping sick patients...