What kind of career and salary can I expect with a PharmD degree?

After earning your online bachelor’s degree or equivalent pre-requisites in pharmacy and completing pharmacy school, then the obvious career choice in this field, of course, is to become a pharmacist, however, there are several different career options within the field to consider.  Let’s take a look.

A full-time retail pharmacist within your community is responsible for dispensing prescription medicines. They educate their consumers about the use of drugs, side effects and provide advice on how to prevent diseases or illnesses. Pharmacists work closely with healthcare providers. The community pharmacist, in 2015, made a median salary of between $90,000 – $140,000 per year, depending on experience and location. The community pharmacist may practice at the small local corner drug store, in the larger box stores or in grocery stores that provide pharmaceutical needs. Since some retail businesses are open 24 hours a day, the retail pharmacist should expect to work nights and/or weekends.

A hospital pharmacist’s salary is comparable to that of the community pharmacist, if not the same. They, as well, dispense medications and educate their patients, however, they work primarily with medical and nursing staff within the healthcare facility they are employed and may occasionally make rounds with the doctor. This may include a large city-wide hospital or a smaller clinic type setting.

A consultant pharmacist earns an average of $120,656 annually, depending on experience and job location. As a consultant in the pharmacy realm, you will provide expert advice regarding all aspects of the use of medicines, side effects and disease prevention, in addition to, providing pharmaceutical services to patients, institutions or other healthcare facilities, such as hospitals or clinics.

The managed care pharmacist works for health plans and pharmacy benefit management companies. While providing patients with the best individual care relating to their prescriptions, they are negotiating drug prices between pharmaceutical companies and health insurance companies to assure convenience and cost effectiveness. A median salary of between $80,000 – $100,000 per year is the average for a managed care pharmacist.

Long term care pharmacists typically work in nursing homes and rehab facilities in which they dispense medicines to the nurse for distribution, usually twice a day, and then are administered to the residence of the facility. This type of pharmacy work does not require direct interaction with patients or consumers. Again, the average salary is in line with other pharmacist careers at between $80,000 – $100,000 annually.

A nuclear pharmacist earns a median salary of between $112,483 – $121,500 per year, depending on experience. They are responsible for measuring and the distribution of radioactive materials used in digital imaging such as for a MRI or CT scan.

The oncology pharmacist mixes chemotherapy drugs for cancer patients. These types of drugs must be handled with care and stored correctly. The oncology pharmacist earns an average salary of $116,498 annually.

An infusion therapy pharmacist earns a median salary of between $129,294 – $139,658 per year. Infusion therapy involves medicine that is administered intravenously or through muscular or epidural means.

As you can see, there are many career options to choose from when you have a PharmD degree, however, if you had rather pursue a non-clinical profession in pharmacy, then research other options such as medical sales, medical writing or a career in regulatory affairs.

If you are looking to obtain your PharmD degree online, don’t get discouraged…there are a few options to choose from and you may find them on our picks of the Top Online Schools for PharmD Degree Programs!