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   another science guy?
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   Author  Topic: another science guy?  (Read 5911 times)
it makes sense
Guest
Re: another science guy?
« Reply #15 on: Apr 14th, 2005, 2:37pm »
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PharmD's make so much money because there is a demand for them in the marketplace.  Unlike law in which schools pump out lawyer after lawyer and flood the market, pharmacists  are smart in that their industry regulates the numbers in their profession...Only so many are accepted into schools each year...
 
I wish I would have been smart and gone to pharm school. The hell with the law.  Ill take a 40 hour work week and 140K a year anyday
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Guest
Guest
Re: another science guy?
« Reply #16 on: Apr 14th, 2005, 2:37pm »
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Pharmacies are cash cows, and with an aging population the Walgreens (Rite-aids, etc) seem like they are popping up on every other block with their drive-thru windows. Three new Walgreens have been built in my little town in the last 2 years alone. God forbid Americans should have to get out of their car to pick up their drugs!
 
And they can't have people that don't know what they are doing handing out all these medications. Their liability is just too large, and the price of paying $100K for a qualified pharmacist is peanuts to these companies - just pass it on to the consumer. Ah, the beauty of patents ... if you have it and they need it then you can charge what you want...
 
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melwrc
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Posts: 97
Re: another science guy?
« Reply #17 on: Apr 15th, 2005, 3:00am »
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Pharmacists make good money, but the numbers people throw out are well above average.  Checking around various salary report sites, 98k for cash + bonuses is the 75th percentile for ALL pharmacists.  Starting is 60-70k typically.  At one point in the mid-90's, I remember hearing the urban myth that pharmacists made 150k-250k.
IP law can do just as well on a per hr basis, but allows you to make more if you want to work it.  Being a pharmacist doesn't seem to require any creativity or provide variety.  Sure, writing patents and OA responses can be tedious, but there are all sorts of different issue popping up.
 
In the end, with little variance, salary is commensurate with the number of people that want the job and can do the job.  Jobs that nobody wants and few can do have great pay.  Easy desirable jobs get crappy pay.  The patent side of IP falls somewhere in the middle of the spectrum on the desire, but only so many good engineers end up becoming good lawyers.  That's why the median salary for patent work compares so nicely to the other legal fields.
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ha ha
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Re: another science guy?
« Reply #18 on: Apr 15th, 2005, 7:25am »
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melwrc seems to be out of date with his information. From my own experience (of which melwrc has none), 60-70k may have been the staring salary 5-6 years ago. It is very common for employers (hospitals and pharmacies) to pay >$50 an hour and offer sign on bonuses from $5-10K. And when working more than the usual 40 hours a week it is easy to make much more.  
 
The demand has risen substantially and as a result the pay just keeps going up.
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Peter Foss
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Re: another science guy?
« Reply #19 on: Apr 15th, 2005, 12:02pm »
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Thanks for all the input everybody. I'll think I'm going to apply to Pharmacy schools after I get my M.S. Good luck to you all.
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