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.