How Much Does Pharmacy Manager Make?

Pharmacy managers make an average salary of $141,671 per year, according to recent data. This role involves overseeing pharmacy operations, ensuring compliance with regulations, and managing staff. Salary can vary based on experience, location, and employer. Understanding the factors that influence pharmacy manager salaries can help individuals negotiate better pay. Factors such as education level, certifications, and performance can impact earnings. By staying informed about industry trends and networking with other pharmacy managers, individuals can increase their earning potential. Additionally, pursuing advanced degrees or certifications can lead to higher salaries in this field. It’s crucial for pharmacy managers to continually update their skills to remain competitive in the job market.

Pharmacy Manager salary varies by location, experience, and employer.

Median salary for Pharmacy Managers is around $145,000 annually.

In retail pharmacies, Pharmacy Managers earn around $130,000 per year.

Hospital pharmacies pay Pharmacy Managers an average of $150,000 per year.

Pharmacy Managers with 10+ years experience can earn over $160,000 per year.

• Pharmacy Managers in urban areas tend to earn higher salaries.
• Pharmacy Managers with specialized certifications earn higher salaries.
• Pharmacy Managers in chain pharmacies may earn bonuses based on performance.
• Pharmacy benefit management companies offer competitive salaries for Pharmacy Managers.
• Pharmacy Managers in rural areas may earn slightly lower salaries compared to urban areas.

What is the average salary of a Pharmacy Manager?

Average salary of a Pharmacy Manager can vary based on factors such as location, experience, and type of pharmacy. In the United States, the average annual salary for a Pharmacy Manager is around $140,000.

• Salaries can range from $120,000 to $160,000 depending on the employer and geographic location.
• Pharmacy Managers in metropolitan areas tend to earn higher salaries than those in rural areas.

Are there any additional benefits for Pharmacy Managers?

Aside from their base salary, Pharmacy Managers may receive benefits such as health insurance, retirement plans, paid time off, and bonuses based on performance.

Health Insurance	Yes
Retirement Plans	Yes

Do Pharmacy Managers in retail settings earn more than those in hospital settings?

Pharmacy Managers in retail settings typically earn higher salaries than those in hospital settings due to factors such as higher patient volume and revenue generation.

• Retail Pharmacy Managers may earn bonuses based on sales performance.
• Hospital Pharmacy Managers may focus more on patient care and medication management.

What qualifications are required to become a Pharmacy Manager?

To become a Pharmacy Manager, individuals typically need a Doctor of Pharmacy (PharmD) degree, relevant work experience, and a state license to practice pharmacy.

Education	Doctor of Pharmacy (PharmD) degree
Experience	Relevant work experience

Is there room for career advancement for Pharmacy Managers?

Pharmacy Managers may have opportunities for career advancement within their organization, such as moving into higher-level management positions or becoming regional managers.

• Advanced degrees or certifications in pharmacy management can also enhance career prospects.
• Networking within the pharmacy industry can lead to new opportunities for advancement.

How does the location affect the salary of a Pharmacy Manager?

The location of a Pharmacy Manager can significantly impact their salary, with managers in urban areas typically earning higher salaries than those in rural areas.

Urban Areas	Higher salaries
Rural Areas	Lower salaries

What are the job responsibilities of a Pharmacy Manager?

Pharmacy Managers are responsible for overseeing the operations of a pharmacy, managing staff, ensuring compliance with regulations, and providing patient care.

• Managing inventory and ordering medications
• Supervising pharmacy technicians and other staff

Do Pharmacy Managers receive performance-based bonuses?

Pharmacy Managers may receive bonuses based on factors such as sales performance, patient satisfaction scores, and overall pharmacy operations.

Sales Performance	Yes
Patient Satisfaction	Yes

How does experience level impact the salary of a Pharmacy Manager?

The experience level of a Pharmacy Manager can impact their salary, with more experienced managers typically earning higher salaries than those who are new to the role.

• Years of experience can lead to salary increases and opportunities for advancement.
• Experienced Pharmacy Managers may be sought after for leadership roles in the industry.