According to the US Bureau of Labor Statistics, the average annual salary for Pharmacists is $125,690, while the average annual salary for Nurse Practitioners is $118,040. This means that these two jobs have similar salaries.
However, it's important to note that the amount of pay an employee receives can be influenced by factors like location, experience, and the specific setting in which they work. For example, Pharmacists working in California (with a salary of $146,140 on average) may earn more than those in Tennessee ($115,400). To provide another example, the average salary of Nurse Practitioners in California is 60% higher than those in Tennessee.
Pharmacists vs Nurse Practitioners overview
Pharmacists and Nurse Practitioners are two important roles in the Hospitals industry. There is a common interest in understanding the differences between these job titles, as well as the average salaries for each.
Pharmacist job description
Pharmacists dispense drugs prescribed by physicians and other health practitioners and provide information to patients about medications and their use. May advise physicians and other health practitioners on the selection, dosage, interactions, and side effects of medications.
Pharmacist education and experience
The majority of Pharmacists (78%) have obtained a Doctoral Degree. However, among employees in this occupation, there are also some with a Bachelor's Degree (11%) and a Post-Doctoral Training (5%). In terms of experience, 45% of Pharmacist jobs require no previous experience. A smaller percentage of jobs (22%) require a previous experience of 2 to 4 years.
Pharmacist average salary
As reported by the US Bureau of Labor Statistics, the United States had a workforce of 312,550 Pharmacists in 2021 and they earned an average of $125,690 per year. The lowest earning 10 percent made $76,840 or less, and the highest earning 10 percent made $164,590 or more per year.
Do Pharmacists make good money?
Pharmacists usually receive good salaries, as their average salary is 116% higher than the average wage in the United States ($58,260). Furthermore, they earn almost two times more than the average wage of the Health and Personal Care Stores industry ($47,490).
Pharmacists usually receive good salaries, as their average salary is 116% higher than the average wage in the United States ($58,260).
Nurse Practitioner job description
Nurse Practitioners diagnose and treat acute, episodic, or chronic illness, independently or as part of a healthcare team. May focus on health promotion and disease prevention. May order, perform, or interpret diagnostic tests such as lab work and x rays. May prescribe medication. Must be registered nurses who have specialized graduate education.
Nurse Practitioner education and experience
Most Nurse Practitioners (65%) have a Master's Degree. But additionally, among employees with this job title, there are also some with a Doctoral Degree (26%). In terms of experience, about a third of Nurse Practitioner occupations require a 1 to 2 years of previous experience working in the field. A smaller portion of roles (35%) require a previous experience of 2 to 4 years.
Nurse Practitioner average salary
According to data from the US Bureau of Labor Statistics, the number of Nurse Practitioners employed by the United States in 2021 was 234,690, and they earned an average of $118,040 per year. The bottom 10 percent had earnings of $79,470 or less, and the top 10 percent had earnings of $163,350 or more. The average salary has an increase of 3.1% in comparison to the previous year.
Do Nurse Practitioners make good money?
Nurse Practitioners are typically paid well, since their mean salary is 103% above the average pay in the United States ($58,260). Moreover, they make 68% more than the mean salary of the Health Care Services industry ($70,360).
Nurse Practitioners are typically paid well, since their mean salary is 103% above the average pay in the United States ($58,260).
Nurse Practitioners job growth
The employment rate for Nurse Practitioners has grown in the last two years. In 2021, there have been 23,410 more job opportunities than the previous year across the nation, and that shows an increase of 11.1%. The average job growth rate for the past 3 years has been 9.4%.
FAQ
Do Pharmacists or Nurse Practitioners make more?
These two professions have salaries that are similar. On average, Nurse Practitioners make $118,040 per year, while Pharmacists make $125,690.
How long does it take to become a Pharmacist vs Nurse Practitioner?
Becoming a Pharmacist typically requires a Doctoral Degree. Obtaining a Doctoral Degree usually takes between 4 years and 6 years of study. However, if we consider that a Master's Degree is required beforehand, the full education may take around 13 years to complete. In contrast, becoming a Nurse Practitioner typically requires a Master's Degree. Obtaining a Master's Degree usually takes between 2 years and 3 years of study. However, if we consider that a Bachelor's Degree is required beforehand, the full education may take around 7 years to complete.
Is it harder to become a Pharmacist vs Nurse Practitioner?
It is more difficult to become a Pharmacist than a Nurse Practitioner, since it takes 6 more years of education.
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