Starting as early as 2008, there were whispers going around about the pending pharmacist market saturation. I had concerns back in 2009 and started to question whether I would graduate with a job. There have been studies suggesting an impending doom for pharmacists in the future. Is this true? The answer is “maybe“. We can use data and history to make projections, however, projections do not equal outcomes.
Example: History tells us there is a major earthquake due in Seattle, WA within the next 300 years. It could easily stretch several thousand years from now, there is no way to predict the actual outcome. Another example would be the current bull run in the stock market is due for a correction. Every 7 years there has been a major correction evinced by history. Will it happen this year? Maybe. Thus projecting pharmacy saturation is a best guess estimate and does not equate to outcomes. There will be many factors contributing the overall pharmacist job market.
Is the Pharmacist Market Saturated?
Arguments for Pharmacist Saturation: Dr. Daniel Brown, PharmD wrote an article “A Looming Joblessness Crisis for New Pharmacy Graduates and the Implications it Holds for the Academy“. To break it down Dr. Brown suggests there will be a 20% unemployment rate for Continue reading
Thousands of pharmacists will graduate in the coming months. They will all join the work force either through residency programs or look for a new job. Often times we hear the advice to “go out and network”. There is no guidance or instruction on “How to Network in Pharmacy”. Many YouTube viewers and subscribers to this blog have asked this very question: “How do I Network in Pharmacy?”
How to Network in Pharmacy
The key approach to networking is being able to ask for help. A common misconception to asking for help is feeling that you are bothering someone. Some may feel that people will think less of them or it could be their own pride preventing them from asking for advice. Research from University of Pennsylvania Behavioral Science found that asking for advice is beneficial to networking. Why? It is a method of ego stroking. Asking for their advice makes the adviser feel important or smarter. Not only do you gain valuable insight and knowledge, this will help establish a network connection. This is the foundation to networking in pharmacy. Here is a 5 step process on how to network in pharmacy: Continue reading
Pharmacy residencies are optional coming out of pharmacy school. They are programs that expand a pharmacist’s skill set and experience at an accelerated rate. A pharmacy residency is highly recommended if you want to give your resume a slight edge, work in a hospital setting, or specialize in a specific area. It has been increasingly difficult for new pharmacists without residencies to get jobs outside of community pharmacy (retail pharmacy). Here is a link to the ASHP Residency Page: http://www.ashp.org/phorcas
Is a Pharmacy Residency worth it for Community Pharmacy?
Lately, I have been getting the question “is pharmacy school is worth it?” What does this exactly mean? There are two ways to look at this question. Either from a financial standpoint or career perspective. Personally, I tend to look at things at a financial perspective. I believe this has been ingrained into me growing up in a low-modest income family. We will examine both perspectives below in more detail:
See “Is Pharmacy Worth It? Part II”
Is Pharmacy School Worth it?
Financial Perspective: Going to college does not equal high paying job compared to the past. Today colleges are handing out diplomas for bachelors degrees as long as you pay your tuition. To be of any value to businesses you must have desirable skills or specialized knowledge. The major you choose will always have variable outcomes. However, some majors will give you a higher probability of employment, higher salaries, and career development opportunities.
First lets compare how long it would take before a pharmacist breaks even in net worth compared to a pharmacy technician. Continue reading
Question from Reader:
“I am curious how you survived pharmacy school. Do you mind sharing the way that you study materials and how you digested all of the information? What is the best way to read pharmacy text books and master all the concepts? I read a pharmacology text book recently, and I felt like the more I read, the harder it was to understand. I couldnt figure out the main point that I needed to remember after completing the chapter. Thanks You.” – Tona
How to Study in Pharmacy School
Pharmacy school can be intimidating to a lot of students. A lot of information is thrown at you in a short amount of time. Each person will study differently and it may take a few tries before you find out what works best for you. Personally, I was one of those individuals that took longer to digest information. I had to spend lots of time at the library reading over my notes over and over trying to memorize information. I really envy those who have photographic memory. These gifted individuals study the night before exams and still score the highest in the class.
For the rest of us we must use different methods to help us memorize and understand the concepts better. Here are my Top 10 Tips for Studying in Pharmacy School: Continue reading
I have been asked numerous times by friends, family, YouTube and the readers of this blog:
“How Hard is Pharmacy School?”
Unfortunately, there is no straight forward answer to this question. It can depend on so many factors. Often times I will give people a short and quick answer that it just depends on the person going to pharmacy school. Let’s take a close look and analyze this topic more in depth: Continue reading