• linkedin
  • Increase Font
  • Sharebar

    Pharmacy Salary Survey 2016

     

    Chain pharmacy was the primary practice setting for 39.9% of respondents, followed by hospital pharmacy (14.8%), supermarket pharmacy (10.7%), independent pharmacy (10.1%), and big box retail pharmacy (9.4%). Smaller percentages reported working in nursing home or long-term care settings (2.6%), government or military sites (2.1%), specialty or compounding pharmacy (1.6%), and mail order (1.4%). The remainder worked in other settings, an agglomeration of academia, ambulatory care, call center, central fill, discharge, drug information, home health, hospice, informatics, pharmacy benefit manager, and industry.

    Nearly half of respondents (49.1%) were staff pharmacists, 25.2% were pharmacy managers, 9.8% were clinical pharmacists, 3.7% were chief or supervisory pharmacists, 2.7% were store owners. The balance were store managers, academics, technicians, informatics specialists, compliance directors, consultants, pharmacists-in-charge and pharmacy executives.

    Only 27.9% of respondents had five years or less on the job. The next largest segment, 22%, had six to ten years working, followed by 21.3% with more than 25 years. The remainder had 11 to 15 years (12.9%), 16 to 20 years (9.5%) or 21 to 25 years (6.4%).

    Most pharmacists have a PharmD (69%), which has been the de facto entry level pharmacy degree since the Accreditation council for Pharmacy Education adopted its current standard in 2000. Only 9.6% of respondents were board certified in a pharmacy specialty. And of those who are board certified, only 21.3% said that certification has helped improve their salary.

     

    Work environment -- good and bad

    Working conditions don’t seem too burdensome. Nearly two-thirds of respondents. 62.5%, got at least one raise in 2016.

    • The financial outlook is slightly better for 2017. 66.9% expect a raise next year.

    • Few pharmacists are working excessive numbers of hours.

    • More than half of respondents, 57.7%, reported working between 40 and 44 hours weekly

    • The majority, 56.7%, were paid an annual salary; 43.3% were paid on an hourly basis. 

    Fred Gebhart, Contributing Editor
    Contributing Editor Fred Gebhart works all over the world as a freelance writer and editor, but his home base is in San Francisco.

    0 Comments

    You must be signed in to leave a comment. Registering is fast and free!

    All comments must follow the ModernMedicine Network community rules and terms of use, and will be moderated. ModernMedicine reserves the right to use the comments we receive, in whole or in part,in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

    • No comments available
    Slideshows
    Small Doses: Sex, Drugs, and Other Pharmacy News
    Small Doses: Sex, Drugs, and Other ...

    Easy-to-swallow bits of news from around the world of pharmacy.

    Small Doses: The Weekly News You ...