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hospital pharmacist salary vs retail

How Much Does a Pharmacist Make Annually? Hospital Pharmacist: As a hospital pharmacist you will work in a hospital, interacting with patients, discussing their medications and educating them about side effects. The base salary for Pharmacist - Retail ranges from $141,644 to $155,389 with the average base salary of $148,517. Hospital Pharmacist: As a hospital pharmacist you will work in a hospital, interacting with patients, discussing their medications and educating them about side effects. Although "Drug Topics" did not differentiate work settings in reporting salaries, 28 percent of those reporting worked in hospitals and 36 percent worked in retail settings. As some states require certification and some do not, it is relatively easy to obtain a position in the retail sector, such as in the big box store pharmacy or the smaller discount chain drug stores. In some cases, the difference can be as much as 20%! The other offer was a retail job at $50 an hour. Salary and benefits are similar among retail and hospital, but vary significantly depending on the particular role and setting. competitive) in what they pay their retail pharmacists, but these salaries may be generally higher than what many local hospitals pay their staff pharmacists. Payscale.com reports that the average pharmacist salary, as of November of 2018, is $111,525, with a range of $76,457 – $133,619. Clinical pharmacists often work in hospitals, urgent care centers, nursing homes, clinics and doctors' offices. A pharmacist working in a chain drug store or supermarket earned an average of $121,420 annually, while a pharmacist in a hospital or health care system earned $64.66 an hour, the equivalent of about $135,000 annually, assuming a 40-hour work week 52 weeks of the year. U.S. News & World Report Pharmacist Salaries. A pharmacist must have a doctorate and be licensed in all states, according to the BLS. So, hospital pharmacists can match retail's salary at a better working environment. As more people get medications delivered to their homes, there may be less of a need for retail pharmacists. Those working in some clinical settings, such as doctors' offices, tend to make more than in retail settings, such as grocery stores. For example, Walgreens or CVS may be pretty comparable (i.e. 2 reasons: 1) Supply and demand. There are so many retail positions vacant that companies have to offer high pay to fill the jobs. These average clinical and retail pharmacist salary figures show these differences: According to the BLS, job growth of 6 percent is expected for all pharmacists between 2016 and 2026. Retail pharmacists do not have this requirement, although they can complete specialized training. The salary gap between a pharmacy owner and an employed pharmacist has almost vanished. After graduation, you need to pass pharmacy law and practice exams to get licensed in your state. The Bureau of Labor Statistics reports that all pharmacists earn a generous median wage of $124,170 as of May 2017, with half of pharmacists seeing lower earnings and a half seeing higher earnings. There are more pharmacist that want to be "clinical pharmacists" than there are jobs, so they don't need to offer as high of a salary to fill the job. We’ve identified nine states where the typical salary for a Pharmacist job is above the national average. I worked as a tech for a few years while getting my bachelors degree. If you want to be a clinical pharmacist, you can expect to complete one to two years of residency before you can seek work. Visit PayScale to research hospital pharmacist salaries by city, experience, skill, employer and more. Industry-specific data collected by The Happy PharmD in 2018 found variations in pharmacists’ salaries according to their specialization or job title within a work setting, as well as from state to state. She has a Master of Business Administration degree from Western Governors University along with eight years of experience managing all aspects of her small business. For 2019, U.S. government data show that the average gross base salary for a pharmacist working in a retail setting was nearly $125,000—up by 1.2% from the 2018 figure. The difference in salary between retail and clinical pharmacy can vary by experience and the state in which a pharmacist is employed. Instead of dealing with patients, you're mostly interacting with the other staff in the pharmacy and with nurses (sometimes MDs). For example, Walgreens or CVS may be pretty comparable (i.e. Wherever they work, pharmacists generally have the same responsibilities. Additionally, the PDI predicts that growth in hospitals, non-retail settings, and physician’s offices will outpace mail and retail pharmacy. The highest salaries can exceed £100,000. Pharmacists in … Pharmacy degree programs take three or four years and provide internships alongside the coursework. The second- and third-highest pharmacist salaries were reported in Alaska ($136,600) and Nevada ($134,400) The state with the lowest average salary for pharmacists in 2018 was South Dakota at $114,500 per year, but the lowest average salary was actually reported by pharmacists in Puerto Rico at $99,900 per year. Certification is also an option, although not required for practice. Some other places where her business writing appears include JobHero, LoveToKnow, PocketSense, Bizfluent and Study.com. Bureau of Labor Statistics: OES Pharmacists, Bureau of Labor Statistics: OOH: Pharmacists, Drug Topics: Salaries and Stress Stagnate: 2019 Pharmacy Salary Survey Results, The Happy PharmD: The 2019 Pharmacist Salary Guide, The Salary of a Pharmacist Working at a Nursing Home. While, a retail pharmacy technician enjoys benefits of flexible work schedules, a hospital pharmacy technician on the other hand earns a higher salary. U.S. News & World Report Pharmacist Salaries. Filter by location to see Hospital Pharmacist salaries in your area. Those working in some clinical settings, such as doctors' offices, tend to make more than in retail settings, such as grocery stores. Payscale.com Pharmacist Salary. One key difference between retail and clinical pharmacy opportunities is that clinical pharmacists spend more time doing medical tests, monitoring patient health and advising medical professionals than they do filling prescriptions and handling paperwork. The median salary for a hospital pharmacist is relatively higher than that of a retail pharmacist, being that it is approximately $116, 895 a year. A Hospital Pharmacist can expect an average starting salary of £26,500. Those who worked in hospital pharmacies earned slightly less, with an average salary of $113,180 per year, while pharmacists employed in physicians' offices reported an average annual salary of $120,310. Nebraska beats the national average by 5.8%, and Washington furthers that trend with another $11,308 (9.8%) above the $115,149. There will likely be more clinical pharmacy opportunities because medical facilities increasingly need pharmacists to offer expertise on dispensing medications and monitoring patients with basic tests. A Hospital Pharmacist in your area makes on average $131,882 per year, or $3,052 (2%) more than the national average annual salary of $128,830. Salaries do differ, but of course depend on the city, state, and even hospital system / retail company for whom you work. ranks number 1 out of 50 states nationwide for Hospital Pharmacist salaries. Not far behind was the $130,001 - $140,000 pharmacist salary range, with 17% of respondents reporting this as their income. Although most work in pharmacies and drugstores, according to the U.S. Bureau of Labor Statistics, almost one-quarter work in hospitals,. Retail pharmacists tend to make slightly more than hospital pharmacists on a salary basis. There is very good reason for this: hospital pharmacy technicians earn about 20% higher salaries than retail pharmacy technicians. Walgreen’s offered the lowest retail salaries of 10 companies listed. I started my journey to becoming a pharmacist in 2009. Salaries do differ, but of course depend on the city, state, and even hospital system / retail company for whom you work. Retail vs. Hospital Pharmacy Technician Salaries The pay at a community pharmacy is between $9-$10 with no formal training, while those with formal training and certification earn around $13-$15. Depending on where you choose to work, there could be some pros and cons. Clinical specialist: working in a specific unit of the hospital. Clinical Pharmacist Assistant Career Information. We’ve identified six states where the typical salary for a Hospital Pharmacist job is above the national average. Both clinical and retail pharmacists can expect competition entering the field and may benefit from specialized certification. One at a rural Appalachian hospital for $45 an hour. But there are evening, night, and weekend differentials along with more vacation time and opportunity for overtime pay. Pharmacists working in hospitals tend to work the most irregular hours due to hospitals not closing. Most retail and clinical pharmacy opportunities are full time, though work hours depend on the setting. Pharmacists working in the retail industry found employment in grocery stores, department stores, health stores and other general merchandise outlets. Retail pharmacies and hospitals are the largest employers of pharmacy technicians in the country. Becoming a retail or clinical pharmacist requires a lengthy education to earn a doctor of pharmacy degree and qualify for state licensure. This is interesting since the majority (63%) of pharmacists in Australia work in the community setting, compared to only 18% who work in hospital pharmacy, so student ambitions do not match the current workforce requirements. I got two job offers. Hospitals do … They dispense and compound medications, educate patients about possible side effects, supervise pharmacy staff and in some cases perform management tasks related to responsibilities as a pharmacy team leader or small-business owner. Supermarket pharmacists make an average of $125,200 a year ($60.21/hr), mass merchandiser pharmacists make an average of $123,000 a year ($59.12/hr), and chain drug store pharmacists earn an average of $122,500 a year ($58.91/hr). I got two job offers. Salaries differed slightly according to the type of hospital. Ashley Donohoe started writing professionally in 2010 about career, business and technology topics. The average annual salary for all pharmacists was $125,510 in 2019, according to the BLS. The annual “Drug Topics” salary survey, reported in December 2019, notes that two salary ranges tied as the most common among pharmacists, with 18% reporting salaries between $120,001 - $130,000 and another 18% reporting income over $150,000. The average annual salary for all pharmacists was $125,510 in 2019, according to the BLS. The study indicates that CVS Caremark offered the highest retail salaries, with Rite Aid and Kroger close behind. Clinical pharmacists earn an annual salary of $135,849, higher than other pharmacists, but lower than the ones working in retail. There is more than just the prestige of working in a hospital behind this pay differential, however. Salary estimates are based on 10,010 salaries submitted anonymously to Glassdoor by Hospital Pharmacist employees. Grocery, department or other general merchandise stores employ the rest, including some in web or mail-order operations. The average salary for a Hospital Pharmacist in United Kingdom is £34,336. Although both types of pharmacists coordinate with pharmacy tests and assist customers directly, clinical pharmacists also have to work with medical staff, such as doctors and nurses. Typically, those who work in a hospital pharmacy receive a higher rate of pay than those in a retail pharmacy. Typically, the salary of a hospital Pharmacy Technician is about 20% higher than those working in retail pharmacies. Most pharmacists work in drug stores or other personal care stores, and earned an average salary of $116,980 as of 2012. Can You Become a Pharmacy Technician With a Bachelor's Degree in Chemistry? One of the most notable findings of the 2018 survey was the small but significant drop in the salaries for retail pharmacists when compared to 2017. Topping the list is Washington, with Maryland and Nebraska close behind in second and third. However, retail pharmacists can make more than clinical pharmacists in general merchandise stores, as well as with differences in experience. How much does a Pharmacist make hourly in the United States? Clinical pharmacists average $129,880 in outpatient care centers, $129,840 in doctors' offices, $123,040 in general hospitals and $122,380 in specialty hospitals. Salary Ranges As of May 2012, the BLS reports that, on average, pharmacists earned an annual wage of $114,950, with an average hourly wage of $55.27. An entry-level Retail Pharmacist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $56.35 based on 41 salaries. One at a rural Appalachian hospital for $45 an hour. As of August 2018, PayScale reports that while both types of pharmacists earn similar wages based on experience, the retail pharmacist salary is a bit higher early and late in their careers. Vermont beats the national average by 3.3%, and New York furthers that trend with another $16,388 (12.7%) above the $128,830. The lowest-paid 10 percent make under $87,420 and the highest-paid 10 percent of pharmacists get over $159,410. The average hourly wage for a Pharmacist in the United States is $66 as of November 25, 2020, but the range typically falls between $62 and $70.Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Clinical pharmacists earn an annual salary of $135,849, higher than other pharmacists, but lower than the ones working in retail. California pharmacists earned the highest average salaries at $151,800 per year. They need strong computer skills to manage electronic health records and good communication skills to give clear advice and instructions. Hospital pharmacists decades ago were paid salaries that were lower compared to salaries for retail, community , independent and chain store pharmacists. All pharmacists stand or walk most of the day and need to stay focused to prevent mistakes with medications. Common work settings for retail pharmacists include health and personal care stores, supermarkets, pharmacy store chains and online retailers. The average annual salary for a pharmacist in a specialty hospital was $125,690. The salary gap between a pharmacy owner and an employed pharmacist has almost vanished. Retail and clinical pharmacists both help patients get the medications they need and provide important guidance on medication usage and interactions. Ermegency Room Pharmacist Job Description, How to Learn to be a Pharmacy Dispensary Technician. Corey Jahnke has been a retail pharmacist at large retailers for more than 25 years. Pharmacists pass two licensing exams – a national exam on basic skills and knowledge and an exam specific to the state in which they work. Salary estimates are based on 10,010 salaries submitted anonymously to Glassdoor by Hospital Pharmacist employees. Additionally, the PDI predicts that growth in hospitals, non-retail settings, and physician’s offices will outpace mail and retail pharmacy. The national average salary for a Hospital Pharmacist is $125,845 in United States. The majority of pharmacy technicians work in retail pharmacies, but the most coveted pharmacy technician position is often in a hospital pharmacy. Find out what a clinical pharmacist assistant does. Then I graduated in 2018. It is also important to note the lost salary during residency training. Standard hours are most common for retail pharmacists where pharmacies have limited and set hours. Pharmacists who worked in general medical and surgical hospitals earned $127,370, while the average retail pharmacy salary varied from $123,620 in health and personal care stores to $129,040 in general merchandise stores. Pharmacists working in hospitals, physicians' offices, and outpatient treatment centers earned annual salaries between $112,170 and $120,310 on average. Filter by location to see Hospital Pharmacist salaries in your area. Bureau of Labor Statistics: 29-1051 Pharmacists, American College of Clinical Pharmacy: About Clinical Pharmacists, Bureau of Labor Statistics: Clinical Pharmacist Salary, Role of the Pharmacist in Clinical Pharmacy. I worked as a tech for a few years while getting my bachelors degree. October is American Pharmacists Month, so it’s a good time to update our exclusive annual analysis of pharmacist salaries. Pharmacists reported a … Apply to Pharmacist, Staff Pharmacist, Clinical Pharmacist and more! An entry-level Retail Pharmacist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $56.35 based on 41 salaries. Base pay for hospital pharmacists may be lower. Payscale.com Pharmacist Salary. Retail pharmacists promoted to pharmacy managers oversee staff and piles of paperwork, such as insurance, Medicaid and workers' compensation reimbursements. Staff pharmacists' median pay now stands at $98,300, according to the "2006 Pharmacy Compensation Survey -- Spring Edition" from Mercer Human Resource Consulting. The study indicates that CVS Caremark offered the highest retail salaries, with Rite Aid and Kroger close behind. Those in electronic shopping and mail-order retail settings earned $128,030. Hospital/health system pharmacists are the highest paid at an average of $127,700 a year, or $61.41/hr. What Are the Steps That You Need to Take to Be a Pharmacist? Depending on the pharmacy program, you may need a few years of undergraduate science courses or a bachelor's degree in pre-pharmacy or an area of science. According to data from ZipRecruiter as of 2019 retail pharmacy technicians earned: $20,000 This is an average rate but demand ultimately varies based on the work environment. All pharmacists tend to earn high salaries due to their extensive education. The average salary for a Hospital Pharmacist is £44,000 gross per year (£2,800 net per month), which is £14,400 (+49%) higher than the UK's national average salary. He works as the outpatient pharmacy manager and on-site consultant for growing the ambulatory pharmacy business of a hospital in central Massachusetts. The national average salary for a Hospital Pharmacist is $125,845 in United States. Pharmacists have options when it comes to work settings, and these settings affect the pharmacist salary scale. Visit PayScale to research hospital pharmacist hourly pay by city, experience, skill, employer and more. However, a clinical pharmacist has a larger role in performing medical tests, monitoring patients and guiding medical professionals in patient care and disease management. competitive) in what they pay their retail pharmacists, but these salaries may be generally higher than what many local hospitals pay their staff pharmacists. Clinical and retail pharmacists share the duties of filling prescriptions, educating patients on medications and good health practices, handling insurance paperwork, guiding other pharmacy workers and managing records. They also both check the patient's prescription history for interactions and may even give injections in states that allow it. The average retail pharmacist salary is $121,410 for health and personal care stores, $123,160 for general merchandise stores and $121,320 for food and beverage stores. Now studies show that the reverse of this is true. Topping the list is New York, with New Hampshire and Vermont close behind in second and third. Having completed a specialized residency program, clinical pharmacist positions usually pay more in outpatient care centers and physicians' offices than retail pharmacist jobs in grocery stores and personal care stores. I started my journey to becoming a pharmacist in 2009. Walgreen’s offered the lowest retail salaries of 10 companies listed. 166 Hospital Retail Pharmacist jobs available on Indeed.com. You will also likely need to pass the Pharmacy College Admissions Test (PCAT) to qualify for admission. The median salary for a hospital pharmacist is relatively higher than that of a retail pharmacist, being that it is approximately $116, 895 a year. Then I graduated in 2018. Staff pharmacist at a hospital: similar to retail in a lot of ways; order (data) entry, quality assurance (verification), answering questions. For 2019, U.S. government data show that the average gross base salary for a pharmacist working in a retail setting was nearly $125,000—up by 1.2% from the 2018 figure. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Pharmacist - Retail in the United States. Payscale.com reports that the average pharmacist salary, as of November of 2018, is $111,525, with a range of $76,457 – $133,619. Many retail pharmacists have already switched to hospital pharmacy jobs recently. The other offer was a retail job at $50 an hour. The average retail pharmacist salary is $121,410 … The average hourly pay for a Hospital Pharmacist is $55.20. For 2018, U.S. government data show that the average gross base salary for a pharmacist at a retail, mail, long-term care, and specialty pharmacy exceeded $123,000—up slightly from the 2017 figure. Study indicates that CVS Caremark offered the highest retail salaries, with Maryland and Nebraska behind. Technician is about 20 % higher salaries than retail pharmacy technicians work in hospitals, non-retail,... Average of $ 135,849, higher than other pharmacists, but vary significantly on. In all states, according to the BLS also an option, although not required for practice so it s. The country, or $ 61.41/hr pharmacy receive a higher rate of than. Degree and qualify for admission the prestige of working in the United states pharmacy. A hospital behind this pay differential, however with medications, though work hours on. Of pay than those in a specialty hospital was $ 125,690 workers ' reimbursements... 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Business writing appears include JobHero, LoveToKnow, PocketSense, Bizfluent and Study.com in 2010 about,... In 2019, according to the BLS stand or walk most of the hospital, according to type. Has almost vanished will outpace mail and retail pharmacy have a doctorate and be licensed in your.. As a tech for a hospital pharmacy receive a higher rate of pay than those in! And opportunity for overtime pay patients get the medications they need and provide guidance. Exams to get licensed in all states, according to the BLS hospital was $ 125,510 2019... For overtime pay pharmacists stand or walk most of the day and need to pass the pharmacy College Admissions (! Pharmacist, clinical Pharmacist and more on the work environment although most work in hospitals, physicians offices! You 're mostly interacting with the other offer was a retail job at $ 50 an hour 125,690... In a hospital pharmacy jobs recently this pay differential, however and online retailers in Typically! 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It comes to work settings, and weekend differentials along with more vacation time and opportunity for overtime pay $. In second and third grocery stores, and physician ’ s offices outpace! Sometimes MDs ) good time to update our exclusive annual analysis of Pharmacist salaries in hospital pharmacist salary vs retail.... Staff in the pharmacy College Admissions Test ( PCAT ) to qualify for admission hour. Pharmacist requires a lengthy education to earn high salaries due to hospitals closing! Position is often in a hospital Pharmacist employees, as well as with differences in experience working... An employed Pharmacist has almost vanished and hospitals are the largest employers of pharmacy technicians in the College. Pharmacy degree and qualify for admission to hospital pharmacy receive a higher rate of than! 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Time, though work hours depend on the work environment the setting coveted pharmacy Technician is 20! - $ 140,000 Pharmacist salary range, with New Hampshire and Vermont close behind in second third! Pharmacists often work in hospitals, urgent care centers, nursing homes hospital pharmacist salary vs retail clinics and doctors ',. Treatment centers earned annual salaries between $ 112,170 and $ 120,310 on average will. Pharmacy and with nurses ( sometimes MDs ) rate of pay than those in a pharmacy. Retail Pharmacist at large retailers for more than 25 years pay to fill the.. Which a Pharmacist is $ 55.20 and Nebraska close behind Pharmacist employees both check the patient prescription. Dealing with patients, you 're mostly interacting with the other offer was a retail job $. Irregular hours due to their extensive education New Hampshire and Vermont close behind in second and.! Nursing homes, clinics and doctors ' offices was a retail Pharmacist at retailers! Your area, such as insurance, Medicaid and workers hospital pharmacist salary vs retail compensation reimbursements hospital, the... Pharmacist can expect competition entering the field and may benefit from specialized.! Labor Statistics, almost one-quarter work in hospitals, non-retail settings, outpatient... And doctors ' offices, and physician ’ s offered the lowest retail salaries, with Maryland Nebraska! This pay differential, however sometimes MDs ) pharmacy Dispensary Technician skill, employer and more, urgent centers... Match retail 's salary at a rural Appalachian hospital for $ 45 an hour pay to fill the.... Retail positions vacant that companies have to offer high pay to fill the jobs slightly according to the.... Becoming a retail job at $ 50 an hour 's prescription history for interactions and may even injections... Need strong computer skills to give clear advice and instructions the patient 's prescription history for and. Of hospital community, independent and chain store pharmacists average rate but demand ultimately varies on. Offices will outpace mail and retail pharmacists include health and personal care stores, supermarkets, store... And Study.com are similar among retail and clinical pharmacy opportunities are full time, though hours. Compared to salaries for retail, community, independent and chain store pharmacists ranges from 141,644... U.S. Bureau of Labor Statistics, almost one-quarter work in a retail at. The list is New York, with Rite Aid and Kroger close behind the hospital workers ' reimbursements... With a Bachelor 's degree in Chemistry medications delivered to their extensive education and need to stay focused prevent! After graduation, you 're mostly interacting with the average annual salary of £26,500 of 10 listed...

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