Job Outlook for Pharmacists

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Job Outlook for Pharmacists 

Pharmacist Demand

The demand for trained pharmacy professionals has increased in past years due to the rapid growth of the healthcare and pharmaceutical industries, especially for the growing elderly population. The number of pharmacists in healthcare services is also growing, as pharmacists become more actively involved in drug therapy decision-making for patients of all ages. There is good potential for advancement and competitive salaries within a pharmacy career. Those pharmacists who pursue additional graduate study and/or residency experience have greater mobility within the profession including areas of research, administration and business. Learn more.

A Trusted Profession

Pharmacists are consistently ranked as some of the most highly trusted professionals because of the important care and health-related services they provide. If friends and/or family members frequently turn to you for advice, pharmacy may be a great field for you to explore.

Growth in the Healthcare Industry: Pharmacy's Role

There is a need for pharmacists in a wide variety of work settings: community pharmacies, hospitals, long-term care facilities, the pharmaceutical industry, mail order pharmacy centers, managed care organizations, and government agencies (Department of Defense, Department of Veterans Affairs, Public Health Service). What’s more, those with advanced pharmacy training can often move easily between these different areas. Pharmacy can offer many interesting opportunities over the course of your entire career.

The number of people requiring healthcare services has steadily increased, and this trend will likely continue. Due to many of society's changing social and health issues, men and women in pharmacy will face new challenges, expanded responsibilities and an ever-increasing growth in opportunities. Some of these healthcare issues include:

  • Increases in average life span and the increased incidence of chronic diseases;
  • The increased complexity, number, and sophistication of medications and related products and devices;
  • The increased emphasis on primary and preventive health services, home healthcare, and long-term care; and
  • Concerns about improving patients' access to healthcare, controlling its cost and assuring its quality.

Because of the large role that medications and their proper use play throughout these issues, pharmacists will have an important role in the future of healthcare.

Working Environment

Information about working conditions is provided by the Occupational Outlook Handbook.

Excellent Earning Potential and Job Security

Pharmacy is one of the most financially rewarding careers.  In 2016, over 90% of pharmacists report earning more than $100,000 per year - View Full Article.  Of those who reported an annual salary, 45.4% earned between $120,000 and $140,000 yearly. Pharmacists are consistently in demand, even in times of economic downturns, war, political reform and natural disasters, so there is a relatively high level of job security that comes with a career in pharmacy. Great pharmacists pursue continuing education opportunities not only because they are required to in order to maintain their licenses, but also because they are interested in new developments in the industry. In addition, they keep up with research journals and other relevant news.

Last updated on: 3/2/2017 1:57 PM 

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