Highest Paying Jobs in Pharmacy

Jobs for pharmacists and pharmacy technicians can vary in pay-range. Pharmacists and technicians can work in a variety of environments, some of which typically carry a higher pay rate than working at a retail pharmacy. In general, the best paid pharmacy jobs are those that require specialized knowledge in research or another unique field.

According to the Bureau of Labor Statistics, pharmacists average a little more than $110,000 annually (or $53.00 per hour). Pharmacists may work in a retail environment or in a hospital setting to earn the average median income in the U.S.

Finding the highest paying pharmacy jobs may be less about the type of environment and more about the location. According to U.S. News, pharmacists make more money in certain cities. Their top 5 cities for pharmacy jobs are:

Modesto, Calif. – Salary: $142,840

The annual median wage of a pharmacist working in Modesto, Calif. is $142,840, which is $31,270 more than the average pay in the profession.

Santa Cruz, Calif. – Salary: $142,750

The annual median wage of a pharmacist working in Santa Cruz, Calif. is $142,750, which is $31,180 more than the average pay in the profession.

Napa, Calif. – Salary: $134,760

The annual median wage of a pharmacist working in Napa, Calif. is $134,760, which is $23,190 more than the average pay in the profession.

Detroit, Mich. – Salary: $134,050

The annual median wage of a pharmacist working in Detroit, Mich. is $134,050, which is $22,480 more than the average pay in the profession.

Laredo, Texas – Salary: $133,320

The annual median wage of a pharmacist working in Laredo, Texas is $133,320, which is $21,750 more than the average pay in the profession.

Specialty Pharmacist Pay Rates

Some pharmacists who choose to open their own private pharmacy can make a higher-income than those in corporately owned pharmacies. However, there is overhead and employee costs to consider when running a pharmacy. Pharmacists working in a research lab and with nuclear medicine may earn more than those working in retail establishments. Research pharmacists can earn up to $150,000 annually.

Working as a pharmaceutical representative (a sales person for medications) is also a higher paying job within the pharmacy industry. The average income for a pharmaceutical sales rep rivals that of a retail pharmacist, but has more built-in growth.

Annual salary is largely based on sales volume, so some pharmacy representatives do very well when it comes to income. According to Salary.com, “the median expected salary for a typical Sales Representative (Pharmaceuticals) in the United States is $60,368.”

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