Recession-proof pharmacists

by Cyrus on July 2, 2009

Being a pharmacist means you will remain in demand for decades to come. It is a profession that is recession-proof and will remain viable as along people need medicine. I have looked at the Bureau of Labor Statistics and it stated that employment among pharmacists will grow by 22% through 2016. It is considered the fastest rate of employment among most occupations.

According to the Bureau of Labor Statistics of May 2008, the average annual salary of pharmacists is $104,200. I can remember working as a pharmacist right after college making $35,000/year. I can’t believe how far we have progressed. As my father has always said, “You will never starve as a pharmacist.” Thanks dad, you were right!

We had a national shortage of pharmacists back in 2001. This was due to changing the curriculum from BS Pharmacy to the Pharm.D program. Pharmacy colleges weren’t producing enough pharmacists to meet the demand. Presently, we are meeting the demand, but there are still shortages depending on location around the United States. With the growing influx of prescriptions needing to be filled and more Americans living longer, the demand for pharmacist will always be needed to provide that service.

In President Obamas proposed health care reform, it stresses a team-based approach to care. I have seen working at several VA hospitals where primary care doctors are teamed up with the pharmacist to increase better patient care. I have seen pharmacist increasin g their role in providing immunizations, pain management, and doing blood monitoring for patient taking blood thinners. With this faltering economy, I have seen many patients seeking a pharmacist for free advice instead of spending money for an office visit with their doctor.

We are in an exciting time for our profession. It is not only counting pills by five, it is an ever evolving dynamic profession that is being interweaved with other healthcare professions. I have always believed that we are a very highly educated profession, but the least utilized. But with the advent of people living longer and high level of stress among doctors, I see a glimmer of light that our education will be fully realized.

Cyrus Pacis is a pharmacist who often works on long-term relief pharmacy jobs through RPh on the Go.

{ 5 comments… read them below or add one }

melatonintablets July 27, 2009 at 12:35 pm

the Economic Recession has been pretty hard on us. some of my friends lost their job because of the massive job cuts. i just hope that our economy becomes better in the following years.

Jacee August 15, 2009 at 9:26 am

i am hoping that the global economy would recover from this economic recession. life has been very hard with these massive job cuts.

cyrus November 9, 2009 at 10:39 am

If you are a pharmacist, consider yourself very lucky that you have a profession that has been proven to be recession proof. Currently, the unemployment rate is 10.2%. There is one thing that cannot be downplayed and that is people go to hospitals and to their local drugstore for their medication. Without us, this society will suffer

cyrus March 11, 2010 at 2:31 pm

Hello fellow readers,

I have been receiving emails pertaining to this blog and I would like to remind everybody that my opinion express is by me and has no reflection to the company that represents this website.

I am correct with the job opportunities for pharmacist during a downturn economy. While the current unemployment is 9.7%, I see no indication that it has affected pharmacist on a grand scale. This does not mean pharmacists are completely safe.

I have been travelling as a pharmacist since 1999 and the quality of contract pharmacist is not up to my standards. Professional excellence is what drives clients to us, but we are falling short of their objective. Like it or not, I have only met 6 stellar contract pharmacist during my travels. Of that 6, two pharmacist retired from the industry, 3 pharmacist took full time jobs, and the sixth pharmacist decided to cut down his hours to part-time status.

I know the common complaint among contract pharmacist is no training at their assignment. Well, to be truthful, the work given to us at these facilities is quite easy. The facility will show you one or two times how to perform the job. It is our responsibility to carry out the task. Like my father always told me, “I can teach you your job, but I can’t teach you how to work.”

That quote is something I hold true in my heart. I wish all contractors abide to my dad’s philosophy. It will take you far in this industry.

To my pharmacy friend who read my post here and elsewhere, I will not steer you wrong. I speak of the truth. I will challenge anyone to prove me otherwise. This is our profession. I will not be shy to say we are in it for the money, but I believe in earning an income for services rendered. If we follow that mentality, then it will be a win-win situation for all.

If you can’t take the heat, get out of the kitchen. If you are unable to perform your duties, then I hate to say, “you need to find something else that you can do.”

Thankful May 16, 2010 at 3:59 pm

Bless you for your optimism. There is a good deal of pessimism out there regarding pharmacy these days and I’m sick of it. I’m a pharmacy student; I’m working two internships, and I’m ready for the rough road ahead.

Thank you so much.

Leave a Comment

Previous post:

Next post:

© RPh on the Go, All Rights Reserved.