Accounting or Pharmacy? Which one has better earning potential?

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Depends a lot on where you’re living.

I come from a family of pharmacists. You spend a total of 6-8 years in school total (dependent on getting into a direct program or a school after undergrad).

They start around ~$120k in the Chicagoland area, but the job market is also becoming very saturated. Pharmacy school enrollment has increased a LOT over the last decade. New pharmacists often need to move to rural areas to find jobs.

The pharmacists in my family own their own pharmacies (after working retail for 10+ years). They make very good money now, but they also had to work 24/7 for years when buying and creating their own store. If you own/start a pharmacy, you can make lots and lots of money, but it’ll take time to build a brand and high investment up front.


Accounting wise, really depends on how long you’re here in public. Like in my group, you can make manager from associate in just 4 years (max 5 years). So you could be 26 making ~$110k/year, slightly below what a new pharmacy school grad would be making at the same time, without the extra costs of school and four years of earnings behind you.

You have a greater earning potential, but it’s dependent on so many things. Where you’re working and how long you’re there/where you exit to. People make money without staying long on public, but it’s more straightforward when you stay. Like my current SM was promoted almost two years ago when she was 28. She made over $150k plus bonus (which tends to be pretty high as you move up).


You can make a comfortable $120k in pharmacy within a couple years of work, the main issue right now for most students is finding openings. And you’ll have a much more stable workweek.

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I really don't think you should choose either of those fields purely for earning potential... hopefully you have at least a slight interest in the one you choose.

It's like asking if you should be a software engineer or a lawyer; they're completely different.

That said, the additional expenses/debt you take on by going into pharm make it less marketable to me personally (if we're only talking money). Also my friends in pharm are somehow more depressed than I was in PA. It's incredibly dull and they quite literally count pills...

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Long term and higher ceiling ill say accounting. Higher salary to start and steady income, I will say pharmacy. Source: I use to work in the medical field. Pharmacists make easy 6 figures early. However, the industry is changing due to the retail pharmacy market taking over.

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only what I heard others say - but far less pharma positions so getting an offer is much more difficult than accounting. could be COVID related though - don't know

Pharm. You get your free time. And nothing is more valuable than your time.

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Like with all fields it depends on what you want to do. Do you just want to work in retail or would you like to go more corporate/consulting. You can also work in a hospital system or for big pharma. There are many pharmacists that work in Big 4 (and consulting in general) that make tons of money. However, you shouldn't go into pharmacy just for the money. Pharmacy school is hard and you'll most likely have to do a residency after you graduate.

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Outside of earning potential I would take accounting because I wouldn’t want to deal with that many people on a day to day basis, a number of which are drug seeking and will verbally or physically abuse you to get what they want. Of course this depends where you’re working (hospital pharmacy might be better than a CVS or local pharmacy).

Pharmacy

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