The Salary of a Compounding Pharmacist
A sub-specialty of the pharmacy industry is compound pharmacy. A compound pharmacist is one who creates customized medications for customers with special needs, that are not met by standard pharmaceuticals.
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Average Salary
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The average wages for pharmacists, including compounding pharmacists, were $51.27 per hour, or $106,630 per year, in May 2009, according to the Bureau of Labor Statistics (BLS), which also reported that salaries ranged from $79,270 or less for the poorest-paid tenth of pharmacists, to $134,290 and up for the most well-paid 10 percent.
Top Industries
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Health and personal care stores were the biggest employer of pharmacists in May 2009, BLS figures show, providing jobs to 119,150--more than twice as many as hospitals employed. Pharmacists working in health and personal care stores also earned average salaries slightly higher than the occupation's average, at $107,810 per year. The management, scientific and technical consulting services industry was the best-paying, with an average annual salary of $116,710.
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Highest-Paying Areas
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California was the best-paying state for pharmacists in May 2009, the BLS reports, with an average annual salary of $117,080. The state was also home to four of the five highest-paying metropolitan areas for this occupation, including number one Santa Barbara, where the average yearly salary was $140,670 per year.
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References
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