Us labor department.Job Outlook  Employment is expected to increase much faster than the average through 2016. As a result of rapid growth and the need to replace workers who leave the occupation, job prospects should be excellent.
Employment change. Employment of pharmacists is expected to grow by 22 percent between 2006 and 2016, which is much faster than the average for all occupations. The increasing numbers of middle-aged and elderly people—who use more prescription drugs than younger people—will continue to spur demand for pharmacists throughout the projection period. Other factors likely to increase the demand for pharmacists include scientific advances that will make more drug products available and the coverage of prescription drugs by a greater number of health insurance plans and Medicare.
As the use of prescription drugs increases, demand for pharmacists will grow in most practice settings, such as community pharmacies, hospital pharmacies, and mail-order pharmacies. As the population ages, assisted living facilities and home care organizations should see particularly rapid growth. Demand will also increase as cost conscious insurers, in an attempt to improve preventative care, use pharmacists in areas such as patient education and vaccination administration.
Demand is also increasing in managed care organizations where pharmacists analyze trends and patterns in medication use, and in pharmacoeconomics—the cost and benefit analysis of different drug therapies. New jobs also are being created in disease management—the development of new methods for curing and controlling diseases—and in sales and marketing. Rapid growth is also expected in pharmacy informatics—the use of information technology to improve patient care.
Job prospects. Excellent opportunities are expected for pharmacists over the 2006 to 2016 period. Job openings will result from rapid employment growth, and from the need to replace workers who retire or leave the occupation for other reasons.
Projections Data [About this section] Back to Top Projections data from the National Employment Matrix Occupational title SOC Code Employment, 2006 Projected
2016 Change, 2006-16 Detailed statistics Number Percent Pharmacists
29-1051 243,000 296,000 53,000 22 PDF zipped XLS NOTE: Data in this table are rounded. See the discussion of the employment projections table in the Handbook introductory chapter on Occupational Information Included in the Handbook.
Earnings [About this section] Back to Top Median annual of wage-and-salary pharmacists in May 2006 were $94,520. The middle 50 percent earned between $83,180 and $108,140 a year. The lowest 10 percent earned less than $67,860, and the highest 10 percent earned more than $119,480 a year. Median annual earnings in the industries employing the largest numbers of pharmacists in May 2006 were:
Department stores $99,050 Grocery stores 95,600 Pharmacies and drug stores 94,640 General medical and surgical hospitals 93,640 According to a 2006 survey by Drug Topics Magazine, pharmacists in retail settings earned an average of $92,291 per year, while pharmacists in institutional settings earned an average of $97,545. Full-time pharmacists earned an average of $102,336, while part-time pharmacists earned an average of $55,589.
For the latest wage information: The above wage data are from the Occupational Employment Statistics (OES) survey program, unless otherwise noted. For the latest National, State, and local earnings data, visit the following pages:
Related Occupations [About this section] Back to Top Pharmacy technicians and pharmacy aides also work in pharmacies. Persons in other professions who may work with pharmaceutical compounds include biological scientists, medical scientists, and chemists and materials scientists. Increasingly, pharmacists are involved in patient care and therapy, work that they have in common with physicians and surgeons.
Sources of Additional Information [About this section] Back to Top
Disclaimer: Links to non-BLS Internet sites are provided for your convenience and do not constitute an endorsement.
For information on pharmacy as a career, preprofessional and professional requirements, programs offered by colleges of pharmacy, and student financial aid, contact:
General information on careers in pharmacy is available from:
- American Association of Colleges of Pharmacy, 1426 Prince St., Alexandria, VA 22314. Internet: AACP
Information on the North American Pharmacist Licensure Exam (NAPLEX) and the Multistate Pharmacy Jurisprudence Exam (MPJE) is available from:
- American Society of Health-System Pharmacists, 7272 Wisconsin Ave., Bethesda, MD 20814. Internet: American Society of Health System Pharmacists
- National Association of Chain Drug Stores, 413 N. Lee St., P.O. Box 1417-D49, Alexandria, VA 22313-1480. Internet: National Association of Chain Drug Stores
- Academy of Managed Care Pharmacy, 100 North Pitt St., Suite 400, Alexandria, VA 22314. Internet: Academy of Managed Care Pharmacy - AMCP.org
- American Pharmacists Association, 1100 15th Street, N.W. Suite 400., Washington, DC 20005. Internet: Pharmacist.com | Your Access to the World of Pharmacy and home of the American Pharmacists Association APhA