A research pharmacist, also called a clinical pharmacist, is a licensed pharmacist who participates in clinical studies related to new drug development and clinical trials. Like all pharmacist occupations, this occupation requires a doctor of pharmacy degree from an accredited educational program and a state-administered license to practice as a pharmacist. In April 2011, Salary.com reported the salary of a clinical pharmacist.
The median salary of a research pharmacist is $102,243 per year. Research pharmacists participate in the drug development process. During the clinical trials of new drugs, a research pharmacist analyzes studies to review patient reactions to ensure patients’ safety. These professionals also ensure clinical studies adhere to federal regulations.
The 25th percentile earns $95,486 per year and the 75th percentile earns $109,371 per year. The lowest 10 percent earns less than $89,334 per year and the highest 10 percent earns more than $115,861 per year.
The median salary of a research pharmacist is approximately 72.8 percent of the total compensation package. Many employers offer benefits and other compensation. According to Salary.com, the total compensation is $140,461 per year. The total compensation includes employer-paid benefits such as health care, holiday, sick and personal paid time off, retirement savings and disability insurance.
According to the Bureau of Labor Statistics, approximately 267,860 pharmacists were in the U.S. in May 2009. This includes pharmacists in all industries such as the retail industry, hospitals, residential health facilities and the pharmaceutical industry. Annual median wages for pharmacists in all industries was $109,180 per year. Research pharmacists earned approximately 6.4 percent less than pharmacists in all combined industries in the U.S.