Does a Pharmacy graduate has a lot of job opportunities in countries like US, Canada, & UK, just like nursing?

Pharmacy Grads are in huge demand here in the States. The salaries reflect this fact as they are very high.

Job Outlook [About this section] Back to Top

Very good employment opportunities are expected for pharmacists over the 2004鈥?4 period because the number of job openings created by employment growth and the need to replace pharmacists who leave the occupation or retire are expected to exceed the number of degrees granted in pharmacy. Enrollments in pharmacy programs are rising as more students are attracted by high salaries and good job prospects. Despite this increase in enrollments, job openings should still be more numerous than those seeking employment.

Employment of pharmacists is expected to grow faster than the average for all occupations through the year 2014, because of the increasing demand for pharmaceuticals, particularly from the growing elderly population. The increasing numbers of middle-aged and elderly people鈥攚ho use more prescription drugs than younger people鈥攚ill continue to spur demand for pharmacists in all employment settings. Other factors likely to increase the demand for pharmacists include scientific advances that will make more drug products available, new developments in genome research and medication distribution systems, increasingly sophisticated consumers seeking more information about drugs, and coverage of prescription drugs by a greater number of health insurance plans and Medicare.

Community pharmacies are taking steps to manage an increasing volume of prescriptions. Automation of drug dispensing and greater employment of pharmacy technicians and pharmacy aides will help these establishments to dispense more prescriptions.

With its emphasis on cost control, managed care encourages the use of lower cost prescription drug distributors, such as mail-order firms and online pharmacies, for purchases of certain medications. Prescriptions ordered through the mail and via the Internet are filled in a central location and shipped to the patient at a lower cost. Mail-order and online pharmacies typically use automated technology to dispense medication and employ fewer pharmacists. If the utilization of mail-order pharmacies increases rapidly, job growth among pharmacists could be limited.

Employment of pharmacists will not grow as fast in hospitals as in other industries, because hospitals are reducing inpatient stays, downsizing, and consolidating departments. The number of outpatient surgeries is increasing, so more patients are being discharged and purchasing their medications through retail, supermarket, or mail-order pharmacies, rather than through hospitals. An aging population means that more pharmacy services will be required in nursing homes, assisted-living facilities, and home care settings. The most rapid job growth among pharmacists is expected in these 3 settings.

New opportunities are emerging for pharmacists in managed care organizations where they analyze trends and patterns in medication use, and in pharmacoeconomics鈥攖he cost and benefit analysis of different drug therapies. Opportunities also are emerging for pharmacists trained in research and disease management鈥攖he development of new methods for curing and controlling diseases. Pharmacists also are finding jobs in research and development and in sales and marketing for pharmaceutical manufacturing firms. New breakthroughs in biotechnology will increase the potential for drugs to treat diseases and expand the opportunities for pharmacists to conduct research and sell medications. In addition, pharmacists are finding employment opportunities in pharmacy informatics, which uses information technology to improve patient care.

Job opportunities for pharmacists in patient care will arise as cost-conscious insurers and health systems continue to emphasize the role of pharmacists in primary and preventive health care. Health insurance companies realize that the expense of using medication to treat diseases and various health conditions often is considerably less than the costs for patients whose conditions go untreated. Pharmacists also can reduce the expenses resulting from unexpected complications due to allergic reactions or interactions among medications.



Earnings [About this section] Back to Top

Median annual wage and salary earnings of pharmacists in May 2004 were $84,900. The middle 50 percent earned between $75,720 and $94,850 a year. The lowest 10 percent earned less than $61,200, and the highest 10 percent earned more than $109,850 a year. Median annual earnings in the industries employing the largest numbers of pharmacists in May 2004 were:

Department stores $86,720
Grocery stores 85,680
Health and personal care stores 85,380
General medical and surgical hospitals 84,560
Other general merchandise stores 84,170