The Bureau of Labor Statistics (BLS) reported that the median annual pay for pharmacists in May 2021 was $128,570. This information is based on data collected from May 2021. This figure is the median pay for pharmacists, which means that half of all pharmacists make more money, while the other half make less money.
Can pharmacists get rich?
How Much Do Pharmacists Get Paid?
Do pharmacists make a lot of money? – According to the Bureau of Labor Statistics (BLS), pharmacists make an annual salary of around $128,000 on average. [Citation needed] That is a fairly excellent livelihood, but it is not as much as what a general physician (MD) makes, and it is not sufficient to ensure that one will become wealthy.
- Having said that, income is only one component of the equation.
- As we are about to see, it is possible to amass riches while having a salary that is far smaller than that of a pharmacist.
- On the other hand, as a result of enormous amounts of outstanding student loan debt, many pharmacists have a negative net worth.
The American Association of Colleges of Pharmacy (AACP) reported that the average amount of student debt carried by pharmacy school graduates in the year 2020 was $179,514. The results were even more shocking for graduates of private universities, who took out a median debt load of $213,090 in loans during their time at school.