The average wage for early career pharmacists (those with less than 10 years' experience) is $66,955 ($32.77 per hour), making them one of Australia's lowest remunerated, tertiary educated health professions.
The average pharmacist salary in Australia is $97,500 per year or $50 per hour. Entry-level positions start at $82,353 per year, while most experienced workers make up to $120,045 per year.
One of the reasons is the increase of large discount chains such as Amcal, Chemist Warehouse and Priceline. Community pharmacists working at 'discount' pharmacies received the lowest rates of pay and worked the longest hours, over and above the average 35.7 hours per week of most community pharmacists.
Pharmacy is a rewarding career in Australia. Pharmacists can earn high salaries, have great benefits and enjoy a challenging job that keeps them engaged. The profession has a lot of potential for growth as the ageing population grows and demand for healthcare rises.
You will make an excellent salary.
As a pharmacist, you can make an excellent living which is one of the top advantages of being a pharmacist. The lowest-paid pharmacist is making somewhere around $112,000 a year. The median salary for a career as a pharmacist is approximately $128,000 a year.
In its survey of pharmacy school graduates, the AACP found that roughly 85 percent of PharmD degree holders had to borrow money to get through school. In 2021, the average pharmacy school debt sits at $173,561.
And yet, as recent as 2018, long before the immense additional pressure that many health professionals had to deal with as essential workers during the COVID-19 pandemic, there were concerns about the exact opposite: that in fact, Australia faced an oversupply of pharmacists.
Pharmacists are among numerous healthcare professionals experiencing high levels of burnout, and many are leaving the profession. While the situation began long before COVID, the pressures pharmacists faced during the height of the pandemic only exacerbated the situation.
The highest paying pharmacists jobs are in-store pharmacist (average salary: $156,000), compounding pharmacist ($150,000), hospital pharmacist ($148,000), and pharmacometrician ($142,000). Pharmacy school is notoriously tough.
the pandemic to ensure that patients can continue to access essential medicines, non-urgent care and other services. looming, particularly as pharmacists continue to be significantly underpaid for their services.
How Much Does a Pharmacist Make? Pharmacists made a median salary of $128,570 in 2021. The best-paid 25% made $143,600 that year, while the lowest-paid 25% made $121,070.
A pharmacist's average hourly wage is $53.28, according to the Bureau of Labor Statistics. Salary ranges from $47.69 per hour to $58.99 per hour, depending on their level of expertise. The average national earnings for a nurse is $31.28 per hour, with $9,250 in overtime pay each year.
Americans benefit from the highest pharmacist salary in the world. According to the BSL, the average salary for a pharmacist in the US is $10,714 monthly. To make things easier to compare, the average salary for all jobs in the US is not even $4200 per year.
Pharmacists can earn an average income of $116,886 per year , whereas doctors can earn an average income of $242,523 per year . The income averages can vary for both professions, depending on your location, place of employment, specialization, experience and qualifications.
Not only do pharmacists dispense drugs, but they are critical in making sure that prescribed medications are safe for patients. Because of this extensive training and knowledge, pharmacists are compensated with higher-than-average salaries. Most people understand that working as a pharmacist can be a well-paying job.
7. Pharmacists. Most pharmacists expect to retire early, with only 30% of those surveyed saying they plan to continue working after age 62.
Employment of pharmacists is projected to grow 2 percent from 2021 to 2031, slower than the average for all occupations. Despite limited employment growth, about 13,600 openings for pharmacists are projected each year, on average, over the decade.
Employment of pharmacists is projected to decline almost 2 percent during the decade of 2020 to 2030.
Staff Burnout, Supply Chain Disruptions, & DIR Fees Continue to Plague the Profession. Between higher demand for health care services and an economy-wide staffing shortage, it is safe to say that today's pharmacists are overworked and under-resourced.
Recent survey results reveal that 61.2% of pharmacists report experiencing a high level of burnout in practice, which is one of the highest rates among healthcare professionals.
Pharmacists Are Happy With Their Salaries, Less So With Their Jobs, Survey Shows (Part 1) The Pharmacy Times Salary and Job Satisfaction Survey shows that workload, management, and work/life balance were the 3 top drivers of dissatisfaction.
One pharmacist acknowledged making 10 to 12 errors a year — “that are caught” — in an anonymous letter to the South Carolina Board of Pharmacy. While patients cannot control what happens behind the pharmacy counter, they can be on the lookout for errors.