Print

Health Careers >> Browse Articles >> Pharmacy

+2

Career Guide: Pharmacist

Career Guide: Pharmacist

U. S. Dept. of Labor, Bureau of Labor Statistics

Job Outlook

Employment is expected to increase much faster than the average through 2016. As a result of rapid growth and the need to replace workers who leave the occupation, job prospects should be excellent.

Employment change. Employment of pharmacists is expected to grow by 22 percent between 2006 and 2016, which is much 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. Other factors likely to increase the demand for pharmacists include scientific advances that will make more drug products available and the coverage of prescription drugs by a greater number of health insurance plans and Medicare.

As the use of prescription drugs increases, demand for pharmacists will grow in most practice settings, such as community pharmacies, hospital pharmacies, and mail-order pharmacies. As the population ages, assisted living facilities and home care organizations should see particularly rapid growth. Demand will also increase as cost conscious insurers, in an attempt to improve preventative care, use pharmacists in areas such as patient education and vaccination administration.

More on Pharmacists


Salary: $67,860 - $119,480
Min. Education: Doctorate
Related Careers: Physician, Dentist

Demand is also increasing in managed care organizations where pharmacists analyze trends and patterns in medication use, and in pharmacoeconomics—the cost and benefit analysis of different drug therapies. New jobs also are being created in disease management—the development of new methods for curing and controlling diseases—and in sales and marketing. Rapid growth is also expected in pharmacy informatics—the use of information technology to improve patient care.

Job prospects. Excellent opportunities are expected for pharmacists over the 2006 to 2016 period. Job openings will result from rapid employment growth, and from the need to replace workers who retire or leave the occupation for other reasons.

Earnings

Median annual of wage-and-salary pharmacists in May 2006 were $94,520. The middle 50 percent earned between $83,180 and $108,140 a year. The lowest 10 percent earned less than $67,860, and the highest 10 percent earned more than $119,480 a year. Median annual earnings in the industries employing the largest numbers of pharmacists in May 2006 were:

Department stores $99,050 Grocery stores $95,600 Pharmacies and drug stores $94,640 General medical and surgical hospitals $93,640

According to a 2006 survey by Drug Topics Magazine, pharmacists in retail settings earned an average of $92,291 per year, while pharmacists in institutional settings earned an average of $97,545. Full-time pharmacists earned an average of $102,336, while part-time pharmacists earned an average of $55,589.

Find out more about Pharmacy Specialties!


AllHealthcare School Finder

Save time in your search for a degree program. Use AllHealthcare's School Finder to locate schools online and in your area.


* In the event that we cannot find a program from one of our partner schools that matches your specific area of interest, we may show schools with similar or unrelated programs.