Pharmacy Technicians vs Medical Transcriptionists salary

Based on data from the US Bureau of Labor Statistics, on average, Pharmacy Technicians make $37,970 annually, while Medical Transcriptionists make $34,220 per year. As a result, these two professions have salaries that are similar.

Keep in mind, however, that the salary of an employee can be influenced by factors such as location and experience. For instance, Pharmacy Technicians working in California (with a wage of $49,990 on average) may have higher salaries than those in West Virginia ($32,230). To provide another instance, Medical Transcriptionists in Connecticut have an average income that is 77% higher compared to those in New Mexico.

Pharmacy Technicians vs Medical Transcriptionists overview

Pharmacy Technicians and Medical Transcriptionists are two important jobs in the Hospitals industry. Many people are interested in understanding the distinctions between these job titles, including the average earnings for each of them.

Pharmacy Technician job description

Pharmacy Technicians prepare medications under the direction of a pharmacist. May measure, mix, count out, label, and record amounts and dosages of medications according to prescription orders.

Pharmacy Technician education and experience

Among Pharmacy Technicians, 42% hold a Post-Secondary Certificate, 36% hold a High School Diploma, and 15% have a College Course Certificate. When it comes to experience, 39% of Pharmacy Technician occupations do not require any previous experience. A smaller number of roles (15%) require a previous experience of 1 to 3 months.

Pharmacy Technician average salary

As reported by the US Bureau of Labor Statistics, in 2021, the number of Pharmacy Technicians employed in the United States was 436,630, and they earned an average of $37,970 per year. The bottom 10 percent had a salary of $28,740 or less, and the top 10 percent had a salary of $47,580 or more. The average salary has grown by 4.2% in comparison to the previous year.

Do Pharmacy Technicians make good money?

Pharmacy Technicians salaries are often not as high as those of other professions, since their mean salary is about a third below the average salary in the United States ($58,260). Moreover, they make 20% less than the mean earnings of the Health and Personal Care Stores industry ($47,490).

Pharmacy Technicians salaries are often not as high as those of other professions, since their mean salary is about a third below the average salary in the United States ($58,260).

Pharmacy Technicians job growth

In 2021, there have been 21,320 more Pharmacy Technician roles than the previous year across the nation, and that marks a growth of 5.1%. Over the past 3 years, job growth has averaged 1.5%.

Medical Transcriptionist job description

Medical Transcriptionists transcribe medical reports recorded by physicians and other healthcare practitioners using various electronic devices, covering office visits, emergency room visits, diagnostic imaging studies, operations, chart reviews, and final summaries. Transcribe dictated reports and translate abbreviations into fully understandable form. Edit as necessary and return reports in either printed or electronic form for review and signature, or correction.

Medical Transcriptionist education and experience

39% of Medical Transcriptionists hold a Post-Secondary Certificate, 34% have a College Course Certificate, and 17% hold a High School Diploma. Regarding experience, about a third of Medical Transcriptionist jobs require no previous experience. A smaller part of jobs (22%) require a previous experience of 1 to 2 years.

Medical Transcriptionist average salary

The US Bureau of Labor Statistics has reported that in 2021, there were 55,830 Medical Transcriptionists working in the United States, and on average, they earned $34,220 per year. The bottom 10 percent earned $22,810 or less, and the top 10 percent earned $48,190 or more. Compared to the previous year, the average salary has fallen by 8.3%.

Do Medical Transcriptionists make good money?

Medical Transcriptionists are not typically well paid, as their average salary is 41% lower than the average salary in the United States ($58,260). Additionally, they earn about a quarter less than the average pay of the Administrative and Support Services industry ($44,870).

Medical Transcriptionists are not typically well paid, as their average salary is 41% lower than the average salary in the United States ($58,260).

Medical Transcriptionists job growth

In 2021, there have been 6,300 more Medical Transcriptionist roles than the previous year nationwide, which marks a growth of 12.7%. Job growth has averaged 1.8% for the last 3 years.

FAQ

Do Pharmacy Technicians or Medical Transcriptionists make more?

The average earnings of Pharmacy Technicians are 11% higher than those of Medical Transcriptionists. The average annual salary for Medical Transcriptionists is $34,220, compared to $37,970 for Pharmacy Technicians.