Pharmacy Graduates get low initial salary - Why? Survey tells.

[satrohraj]

Graduate pharmacists experience a "considerable" salary increase following their first year of full-time employment, despite sitting at the bottom of the pay ladder in comparison with other degree-qualified graduates, the latest findings from the Australian Graduate Survey reveal.

While pharmacists' pay packets have been a recent topic of debate on the Pharmacy News website, an early review of ongoing research from Graduate Careers Australia (GCA) shows graduates' starting salaries are not always reflective of their lifelong earning potential.


Senior research associate at the GCA, Graham Bryant, said outcomes information from the soon-to-be-released Beyond Graduation Survey reveals salary trends seen four months after graduation don't necessarily hold.

"For some of the graduates that have lower salaries their salary actually goes up considerably in that time," he told Pharmacy eNews.

"Our experience shows that pharmacy salaries tend to be lower initially because pharmacists need to go through an internship, a year of supervision. The salary does increase in later years."

The latest Australian Graduate Survey of 122,000 bachelor degree graduates revealed pharmacy had the lowest median starting salary of $35,000 in 2009. The profession was closely followed by art and design on $37,300 and humanities and social sciences on $42,000.

In contrast, graduates from other health sectors are at the top of the pay chain with the highest median starting salaries in 2009 being dentistry ($70,000) and optometry ($64,500).

The research also discovered new female bachelor degree graduates were paid around three per cent less on average than their male counterparts. While female graduates earn less on average than male graduates of a similar background and in similar employment, researchers said it pointed to an issue within the Australian labour market as a whole.

"This does not necessarily suggest that a graduate is paid less because she is female," said GCA senior research associate, David Carroll.

"It does suggest, however, that female graduates do not always have the same access to highly-paid positions as male graduates within a given field of employment."

Source: http://www.pharmacynews.com.au/artic...ce/520873.aspx

[akhil_hap]

Which braanch do u prefer in m.pharm?
What initial salary do we get in labs as well as teaching profession?

[satrohraj]

For Masters, Pharmacology and toxicology is on demand. But it is not available in most colleges.
So, the next preferred Masters is Pharmaceutics or Analysis-Quality assurance.

You can find very good jobs if Quality assurance is your masters, as there is a whole different section in the pharmaceutical industries just alloted for the analysis section.

You were asking about teaching profession. If you want to settle in the educational field, you can choose any of the masters.
And you can easily get good jobs in any reputed institution and initial salary would be 15,000+
But that depends on your teaching skills, and the institution.

[akhil_hap]

is pharmaceutical analysis , quality assurance both seperate specilizations or are they combined?

[satrohraj]

It is Quality assurance; Analysis both mean the same. You can say they're combined.