Studying to become a pharmacist is truly not an easy task; the stress in school and the stress of reading at night are things which you should be greatly paid for after you successfully cross all hurdles and graduate from it.
Most profession have their average salary but to me, how much you earn depends solely on where and who you work for. The good income side of pharmacy comes majorly when you are self employed but this doesn’t mean you won’t earn much working for others.
Pharmacist working for the federal government may be paid higher than a pharmacist working for a small pharmacy shop. On the other hand, another pharmacy shop or pharmaceutical company may pay you higher than the federal government. I just want you to get the understanding of how the salary works because like I said, it solely depends on where or who you work for.
A very lucrative side of pharmacy which is usually occupied by young men with good communication skills and an inherent ability to convince a customer to patronize a particular product is the medical sales representative. Here, you will be given a car and a good amount of money as salary and your work is to promote their product to the consumers.
In any case in which you are asked to be a sales representative, you must ask them for a car and any kind of promise that it will come in the long run should be rejected because it may never come again. Since a pharmacist is trained to become both a healthcare professional and an entrepreneur, I will also discuss some other means through which you can effectively use your pharmacy degree to earn money.
Aside from working as a pharmacist, you can also go into some other forms of viable businesses in order to maximize your income. There are pharmacist who earn more than N100, 000 monthly and some even go up to N200, 000 but the least any pharmacist should accept as salary or what will literally be our average salary is N50, 000. Any payments below N50, 000 should not be accepted by a legitimate pharmacy that has undergone the full training.
Ways of Maximizing Your Earnings as a Pharmacist
This few suggestions will help you maximize your earnings so that you will not depend solely on your salary. They are not limited to what is listed here, any other feasible business idea you have can also work perfectly because this suggestions are all about trying new business ideas.
- Try working as a locum pharmacist: a pharmacist that is working temporary in a company or health organization is a locum pharmacist. You can think of it to be a contract. Doing this will help maximize your earnings while you still go around your normal business.
- Work as a part time pharmacist for another pharmacist
- Register pharmacy shops for other pharmacist
- Try other local businesses like running a supermarket, poultry farm, computer shop, boutique etc. you don’t have to work directly in these places, you can put someone to manage it for you while the manager answers directly to you.
- If you are a community pharmacist, these 15 success tips on how to be a successful pharmacist might help you.
Very Useful Topics to Read
- How to become a pharmacist
- Careers in Pharmacy
- How to register a pharmacy even if you are not a pharmacist
- How to register with PCN and CAC
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