BANGORE, Maine — A survey by the Husson University School of Pharmacy found that 72.7% of students earning Pharm.D. degrees make $100,000 a year or more within a year of graduation.
The poll of 2015 and 2016 Pharm.D. graduates, conducted by Husson University Career Services, showed that 87.7% were working full-time, and 7.7% were working part-time.
Those earning a Pharm.D. degree are qualified to work in a range of pharmacy settings, including retail environments like drug stores and supermarkets as well as hospitals, research laboratories and other health care facilities as research pharmacists.
Husson University said future research will indicate if the percentage Pharm.D. graduates earning six figures would be even higher within two or three years of graduation.
The school noted that some Husson graduates continue their education with pharmacy residencies immediately after earning their doctorate. The residencies are full-time jobs that pay $40,000 to $45,000 annually, and most residencies last one to two years and lead to six-figure positions.
The U.S. Department of Labor reported the median annual wage for pharmacists at $122,230 in May 2016, Husson said. Its pharmacy school noted that the aging population and a rising demand for prescription drugs will drive more demand for pharmaceutical services.
“The Doctor of Pharmacy degree at Husson University is a rigorous program. Those who complete this degree will have the skills and knowledge demanded by today’s employers,” stated Rodney Larson, founding dean of the Husson University School of Pharmacy.
The Husson University School of Pharmacy, founded in 2008, is accredited by the Accreditation Council for Pharmacy Education (ACPE). The school’s first class of Pharm.D. students graduated in May 2013. Most recently, the school launched a Master of Science in Pharmacology program.