CRANBURY, N.J.--(BUSINESS WIRE)--Drug Topics®, a leading multimedia resource that has served the pharmacy field for more than 160 years, released its 2020 Salary Survey results. This year’s survey received more than 1,000 responses from pharmacists across the nation.
“Each year, Drug Topics® takes the pulse of the pharmacy industry through the Salary Survey,” said Mike Hennessy Jr., president and CEO of MJH Life Sciences™, parent company of Drug Topics®. “The results of this year’s survey certainly reflect the whirlwind year that 2020 proved to be, and also serve as a touchstone reference to the impact that COVID-19 has had on pharmacy.”
While trends in salary did not change significantly from years prior, results did illustrate fluctuations in certain areas. The survey revealed that 38% of respondents receive an annual base salary in the $100,000 to $130,000 range, 40% reported over $130,000 and 13% reported over $150,000. On the topic of compensation, 63% of participants noted an hourly wage of $61 or more.
To no surprise, pharmacists reported higher stress levels and increased workloads in 2020, with COVID-19 (67%) and increased work volume (79%) cited as the highest stressors.
When asked about job satisfaction, 55.6% reported being satisfied, very satisfied or extremely satisfied, while 44% of participants revealed feelings of dissatisfaction.
“As the most accessible health care team members with a list of responsibilities that continues to expand, 2020 has certainly been a year that has presented the industry with a unique set of challenges,” said Colleen Hall, vice president of content for Drug Topics®. “The data collected from this year’s Salary Survey, which gauges the current feelings of pharmacists in the industry, will demonstrate its value as pharmacists gear up for another forecast year of challenges.”
For a full breakdown of the survey results, click here.
About Drug Topics®
Since 1857, Drug Topics® has been reporting on issues related to retail, community and health systems pharmacists. Drug Topics® serves as a multimedia platform and is the go-to digital resource for the rapidly evolving field of pharmacy. Drug Topics® is a brand of MJH Life Sciences™, the largest privately held, independent, full-service medical media company in North America dedicated to delivering trusted health care news across multiple channels.