Many people who are exploring career options in the medical field ask the question, how much does a pharmacist make? Pharmacist salaries are dependent on several factors, including the level of education completed, location of the employer, and how competitive the job market is in the region. Most pharmacists making higher-than-average salaries have several years of experience, and have graduated with a Doctor of Pharmacy degree from a top-ranking school.

When you are considering different job options and career paths, it's a good idea to find out what the average pharmacist salary is in your state or area, and determine what the requirements are to obtain the positions you are most interested in. It's important to remember that if you only complete graduate-level studies in the field of pharmacy, you will be qualified for entry-level positions in the field and cannot earn a six-figure pharmacy salary like someone with a doctorate degree.

How Much Does a Pharmacist Make?

National salary data shows that the range for pharmacy salary is $51,700 to $119,900. Some pharmacists and individuals working in this field also receive bonuses and profit sharing incentives ranging from $53 to $10,200. This puts the range for pharmacist salaries at $57,900 to $124,400.

Pharmacist salaries do vary considerably depending on the type of position, educational requirements and the location of the employer. For example, a staff pharmacist at a Chicago hospital will earn a much higher pharmacist salary than a pharmacist working at a retail pharmacy outlet in Minneapolis.

Pharmacy Salary Ranges by Industry

Most individuals with a pharmacy degree work in an independent pharmacy, at a hospital, at healthcare facilities, at retail stores, or in the pharmaceutical field. When you're considering how much does a pharmacist make, you need to take into account the type of industry the position is in. Pharmacist salary ranges by industry are as follows:

  • Pharmacy: $68,000 to $122,000
  • Hospital: $54,500 to $123,000
  • Healthcare: $65,000 to $123,000
  • Pharmaceuticals: $61,000 to $121,000
  • Retail: $63,000 to $122,000

Other Average Pharmacist Salary Information

The average pharmacist salaries for job postings around the United States are 51% higher than the average salaries for all jobs nationwide. This is primarily because pharmacy jobs are very competitive and obtaining a position in this field requires at least a Doctor of Pharmacy degree. Gender also plays a role in determining pharmacist salaries. On average, females do make less than their male counterparts in the pharmaceutical field.

You can do some online research to find out what the average pharmacist salary is by company or employer as well. Salary ranges may vary significantly by employer and the location of the job. The national average pharmacist salary for those who hold a Doctor of Pharmacy degree is $68,000 to $105,000. Most pharmacists also receive several health benefits, including medical, dental and vision insurance. Some employers offer a signing bonus, and most positions require the employee to maintain a full-time schedule. A signing bonus typically means that the pharmacist's job is "locked in" for a few years, and the employment agreement may or may not include a formal contract.