Pharmacist Salary Guide and Career Outlook 

The basic pharmacist salary in the United States is $110,866 per year. This is higher than the other countries analyzed. Next on the list is Canada, with a C$86,346 ($68,981) salary per year. For the same professionals, the median yearly pay in the UK stands at £34,520 ($45,507). While in Australia and New Zealand is around the same amount, AU$65,614 ($51,053), respectively NZ$69,528 ($49,142) per year.

In South Africa, the pharmacist salary is R423,935 ($30,900) per year, while in India the same job pays a lot less, just Rs 218,846 ($3,350) per year. Read on to find out how the pharmacist salary is impacted by the country the professional works in, skills related to the position,  work environment, and experience.

How Much Does a Pharmacist Make per Year by Country?

Pharmacist SalaryUSCanadaUKAustraliaNew ZealandIndiaSouth Africa
Hourly Pay$57.26C$45.34

($36.22)

£19.13 ($25.22)AU$32.18

($25.04)

NZ$33.45

($23.64)

Rs 101.74 ($1.56)R232.04

($16.91)

Annual Pay $110,866C$86,346 ($68,981)£34,520 ($45,507)AU$65,614 ($51,053)NZ$69,528 ($49,142)Rs 218,846 ($3,350)R423,935 ($30,900)

Pharmacist Salary Influencing Factors

Different sources such as Indeed.com, Salary.com, and Payscale.com will report slightly different salaries based on the professionals who respond to their surveys for a pharmacist career. In all cases, the same variables affect pay at some rate such as experience, work environment, and geographic location. When calculating hourly salary a 40 hour work week was assumed. The information we present here is mainly from Payscale.com.

pharmacist salary

1. Location

Variables like experience, work environment, and certification cause differences in pay. For example, in the United States experience is a strong indicator of increased pay while in South Africa and India work environment is a strong predictor.

How Much Does a Pharmacist Professional Make in the US?

Pharmacist Salary USAPer YearPer Hour
Minimum$72,942$46.37
Maximum$133,044$65.96
Bonus/Tip$11,785$0.24
OvertimeNo additional pay$96.73
Total Pay$82,556 to $136,786

How Much Does a Pharmacist Professional Make in Canada?

Pharmacist Salary CanadaPer YearPer Hour
MinimumC$48,800C$36.36
MaximumC$119,941C$54.02
Bonus/TipC$9,817C$4.71*
OvertimeC$173,53*C$83.43
Total PayC$68,750 to C$115,454

A (*) indicates that the hourly rate was not available and was extrapolated from the annual pay.

How Much Does a Pharmacist Professional Make in the UK?

Pharmacist Salary UKPer YearPer Hour
Minimum£21,822£12.92
Maximum£45,942£23.47
Bonus/Tip£3,500£20*
OvertimeNo additional pay£38.13
Total Pay£22,709 to £47,105

A (*) also indicates that the hourly rate was not available and was extrapolated from the annual pay.

How Much Does a Pharmacist Professional Make in Australia?

Pharmacist Salary AustraliaPer YearPer Hour
MinimumAU$39,112AU$24.37
MaximumAU$96,110AU$40.59
Bonus/TipAU$11,745AU$5.11
OvertimeNo additional payAU$70.87
Total PayAU$47,516 to AU$90,126

How Much Does a Pharmacist Professional Make in New Zealand?

Pharmacist Salary New ZealandPer YearPer Hour
MinimumNZ$44,544NZ$25.02
MaximumNZ$94,687NZ$38.38
Bonus/TipNZ$1,500No additional pay
OvertimeNo additional payNZ$80.81
Total PayNZ$50,048 to NZ$84,133

How Much Does a Pharmacist Professional Make in India?

Pharmacist Salary IndiaPer YearPer Hour
MinimumRs 116,512Rs 56.01*
MaximumRs 562,462Rs 101.74
Bonus/TipRs 49,458Rs 23.77
OvertimeNo additional payRs 817
Total PayRs 328,000 to Rs 395,000

A (*) indicates that the hourly rate was not available and was extrapolated from the annual pay.

How Much Does a Pharmacist Professional Make in South Africa?

Pharmacist Salary South AfricaPer YearPer Hour
MinimumR230,606R116.65
MaximumR607,373R299.92
Bonus/TipR64,000R30.76*
OvertimeNo additional payR334.80
Total PayR233,801 to R622,331

The (*) also indicates that the hourly rate was not available and was extrapolated from the annual pay.

2. Experience

20 years is considered the experience necessary to be a senior level pharmacist, regardless of geographic location. An experienced pharmacist has at least 10 years of experience. A new pharmacist will typically earn $109,000 per year in the United States and a senior pharmacist will earn around $120,000 yearly, this salary remaining the same with no notable raises even for more experienced professionals. While in Canada and the UK, we can see a slow rise in salary from entry-level to more experienced professionals, from C$90,000 to C$101,000, and from ₤33,000 to ₤43,000 per year.

In Australia, the peek is at AU$80,000  per year for professional with 20 years experience and after that it lowers. While in New Zealand the salary rises at NZ$75,000 per year after 10 years experience and remains at the same level even for more experienced employees. India shows a rise from the beginner’s salary of Rs 189,000 per year, to Rs 305,000 for late career professionals. While the South Africa salary for this job rises from R367,000 to R495,000 per year for 10-20 years experienced personnel, then lowering as they gain more experience.

3. Industry

Different countries consider work environments to have different levels of respect as reflected by pay. In the United States, there is minimal parity in pay based on the work environment. For example, pharmacists who work in department stores can earn $4,000 more than pharmacists who work in other environments.

In India, pharmacists who work in hospitals can expect to earn significantly more than those professionals who work in retail. While in South Africa pharmacists who work in hospitals can expect to earn less than typical pay.

  • Department stores – $124,450
  • General medical and surgical hospitals; private – $122,850
  • Grocery stores – $122,670
  • Pharmacies and drug stores – $121,730

Schedule & Working Hours

In Australia, New Zealand, and Canada pharmacists who work more than 40 hours a week will receive overtime pay for the hours they work. Due to the variety of working environments, some pharmacists will only work during the day while other pharmacists have to work overnight or weekend hours.

Pharmacists who work in hospitals or extended-hour clinics may have to work overnight shifts. However, it is not normal for a pharmacist to have to switch shifts. While a pharmacist will need to work weekends or holidays, they will not switch back and forth from working day to night.

Bonuses & Benefits

In the United States, pharmacists largely receive medical insurance and many receive life and dental insurance. Pharmacists in the United States will also get a retirement plan with typical employee matching. An additional perk is a high level of job satisfaction regardless of the country where the pharmacists work. Bonuses and commission will vary based on the work environment. Political policies will also affect benefits. Senior pharmacists can expect to earn a larger bonus than beginning pharmacists, but the profit sharing is typically equal regardless of experience.

CountryUnited StatesCanadaUnited KingdomAustraliaNew ZealandIndiaSouth Africa
Medical8066229125349
Dental666042259
Vision584943369
None18137589844551

The table shows percents of the healthcare benefits by country.

Career Outlook

Choosing to become a pharmacist means stable hours and good pay. However, there is only 3% growth until 2024 predicted in the United States as technology reduces manual labor involved. Retail pharmacy is expected to be a field losing jobs in the next 10 years. In Australia, New Zealand, the United Kingdom, and South Africa these professionals typically work for 20 years as a pharmacist. After 20 years there is not a significant increase in pay for these countries.

Some countries pay pharmacists more than others and it is worth investing in education depending on the country and the work environment one would like to work in. For example, if one wants to work in a hospital, this is a more respected work environment in India than in South Africa. For reading more about healthcare salaries, you can also look into the LPN salary.

Conclusion

Being a pharmacist comes with a high level of job satisfaction and a relatively high level of pay. However, the industry is changing and working in retail stores will not be as common in the future. Every country needs pharmacists, but not every country pays the same value for the position. Consider job prospects, ideal living location, and expected salary when exploring where to become a pharmacist.

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