The Average Salary of Pharmacy Managers
The position of pharmacy manager has to blend a knowledge of business with pharmaceuticals. Managers direct the pharmacy's staff, inventory and operations to keep it open and running smoothly. Pharmacy manager positions are often filled by pharmacy technicians and assistants moving up in the company, and looking at salary levels for the position helps those individuals see if the move makes sense.
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National Averages
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From Payscale's collection of 279 pharmacy manager salaries, a national average ranging from $102,695 to $129,353 is calculated. This includes bonus pay, which averages from $1,519 to $9,759 per year, as well as profit-sharing income. These ranges are accurate as of November 2010.
Experience
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Surprisingly, Payscale's data show that gaining experience as a pharmacy manager has little effect on average salary. Top averages for those with one to four years of experience reach $123,708, which is actually more than $1,000 higher than averages for managers with five to nine years in the position. For those considering a management position, this means that high salaries can be achieved quickly.
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Location
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When it comes to top salaries for pharmacy managers, California wins the race of the states. Payscale shows that managers in the state average up to $142,000 per year. New York and North Carolina also score high, each with salary ranges stretching to $132,000 at its top end.
Benefits
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Management positions often mean increased benefits in addition to financial compensation, and for most pharmacy managers this fact holds true. Payscale shows that 84 percent of them receive medical coverage from the company they work for. In addition, 78 percent receive dental care and 54 percent get vision care.
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References
- Photo Credit pills image by Bradlee Mauer from Fotolia.com
