High Paying Counties for Pharmacies

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March 10, 2018

By admin

US pharmacists moving abroad, beware. You may have to take a pay cut, considering that pharmacists in the United States tend to receive higher salaries than their counterparts in other countries.

See how the United States ranks against some other high-paying countries for pharmacists below:

1. United States
Pharmacist average salary: $107,000 to $118,000

While PayScale estimates the average salary for pharmacists at around $107,000, US Bureau of Labor Statistics (BLS) data from May 2014 pegs it even higher at $118,470.
In contrast, the annual mean wage for all occupations in the United States is $47,230, according to BLS.

PayScale reports that US pharmacist salaries are most affected by geographic location, followed by specific kind of employer and years of experience.

2. Switzerland 
Pharmacist average salary: $83,600

The majority of pharmacists in Switzerland currently have 1 to 4 years of experience, while only 4% of pharmacists have 20 years or more experience, according to PayScale.

While Swiss pharmacists may not be paid as much as their US counterparts, Switzerland is often named the country with the highest quality of life based on indexes such as health care, safety, traffic, and pollution.

Numbeo ranked Switzerland as the country with the highest quality of life in 2015, followed by Denmark and Germany.

3. Canada
Pharmacist average salary: $80,700

The median hourly rate for pharmacists in Canada is $33.74, but there is not much of a difference in salary for pharmacists with many or few years of experience, according to PayScale.

Most Canadian pharmacists move on to other jobs once they accrue more than 20 years of experience.

The average wage for all Canadians in 2014 was around $49,000, according to Statistics Canada.

4. United Kingdom 
Pharmacist average salary: $57,000 to $53,300

According to PayScale, pharmacists in the United Kingdom tend to make around $53,000, but the UK Office of National Statistics (ONS) estimated the average salary at around $57,000 in 2014.

For more context, the highest-paid workers in the United Kingdom in 2014 were city brokers at an average of $205,000, according to ONS. UK pilots tend to make around $138,000.

The UK prime minister’s salary was around $218,000 in 2014, according to The Guardian.

5. Germany
Pharmacist average salary: $44,800

Women in Germany make up 55% of the country’s pharmacist workforce, according to PayScale.

German pharmacists are only allowed to own up to 3 locations, so there are no large drugstore chains like there are in the United States.

Most pharmacies in Germany are closed during the evenings, Saturday afternoons, Sundays, and holidays. Some pharmacies even close on Wednesdays, according to How To Germany.
Content shared from the Pharmacy Times.