A pharmacologist conducts experimental testing and research on drugs to identify effectiveness, side effects, and adverse reactions on humans and animals. In the US, a pharmacologist salary is well over $106,000 per year while annual pay in Australia is about AU$158,000 ($120,781 USD), followed by New Zealand at nearly NZ$133,000 ($91,651 USD) and Canada at C$109,000 ($85,736 USD). Pharmacologists in the UK earn nearly £60,000 ($69,690 USD) per year and those in South Africa and India see annual earnings at about R424,000 ($29,190 USD) and Rs822,000 ($12,558 USD), respectively. Annual earnings for pharmacologists vary worldwide by geographic region, work experience, and work setting with additional details provided in this guide.
How Much Does a Pharmacologist Make per Year?
This chart provides annual and hourly wages for pharmacologists in select countries worldwide.
|Pharmacologist Salaries||US||Canada||UK||Australia||New Zealand||India||South Africa|
|Annual Wage||$106,280||C$108,895($85,736 USD)||£59,792
Factors that Influence the Pharmacologist Salary
A review of salaries for pharmacologists shows strong influence by geographic region while work experience and work setting also affect earning potential. This guide provides salary information as well as additional details on working in a pharmacology career.
1. Geographic Area
Pharmacologist Salary in US
In the US, pharmacologists receive an annual salary of more than $106,000, while hourly wage earners receive about $51 per hour. An additional $3,000 or more can be earned through bonus income opportunities. Entry level pharmacologists can expect a starting salary that is well over $80,000 per year, with earnings increasing to more than $128,000 per year for those in senior level positions.
Pharmacologist Salary in Canada
Pharmacologists in Canada earn between roughly C$82,000 per year when beginning their careers to nearly C$132,000 per year upon reaching a senior level position. Among all experience levels, the average annual salary can approach C$109,000, or $52 per hour, plus another C$3,100 or more in additional bonus income.
Pharmacologist Salary in UK
As a pharmacologist in the UK, the average earning potential can reach £60,000 per year, plus nearly £2,000 in additional bonus pay. Hourly wage earners receive about £29 per hour. Those beginning their careers can expect a starting salary of more than £45,000 per year while those at the senior level see annual earnings exceed £72,000.
Pharmacologist Salary in Australia
In Australia, earning potential for pharmacologists is roughly AU$158,000 per year for the base salary with an additional AU$4,500 or more in bonus income pay. Those receiving an hourly wage earn about AU$76 per hour. The average starting salary for those early in their careers is nearly AU$120,000 annually compared to more than AU$191,000 per year for their senior level colleagues.
Pharmacologist Salary in New Zealand
Pharmacologists in New Zealand receive compensation averaging nearly NZ$133,000 per year plus nearly NZ$4,000 in additional bonus income. Hourly wage earners receive about NZ$64 per hour. As an entry level pharmacologist, the average annual salary is nearly NZ$101,000, increasing with experience to more than NZ$160,000 annually for senior level pay.
Pharmacologist Salary in India
In India, pharmacologists see an average annual salary of about Rs822,000, equivalent to about Rs395 pr hour. Those receiving bonus income average nearly Rs24,000 in additional earnings. Entry level pay averages Rs632,000 per year while senior level positions garner an average annual salary of nearly Rs1,009,000.
Pharmacologist Salary in South Africa
The average annual compensation for pharmacologists in South Africa is nearly R423,000 with another R12,000 or more possible through bonus income incentives. The average hourly wage is about R204 per hour. Those beginning their careers can expect a starting salary that averages R323,000 per year, while senior level professionals see average earnings top R516,000 annually.
Pharmacologists see annual earnings increase between 58% and 61% with additional experience. While the US and Australia are at the top of the earnings pay scale for pharmacologists, senior level pay is roughly 60% and 59% more, respectively. This equates to an average annual salary for senior level professionals that is roughly $48,000 more than entry level positions in the US and AU$79,000 more in Australia. While South Africa and India are on the lower end of the pay scale, the gap between senior level and entry level pay is also 60% more. The country with the smallest growth rate is New Zealand at 58%; however, this represents an increase in salary of NZ$59,000 per year for those in senior level positions.
Pharmacologists are employed in research laboratories, pharmaceutical companies, and hospitals. Most pharmacologists begin working in a research laboratory with an educational level of a bachelor’s degree or possibly a master’s degree; however, most pharmacologists have earned a PhD. Some have patient contact while others work solely in a research laboratory setting. Those who are patient facing are required to obtain additional education and training as a medical physician, but may see additional earnings compared to those who work in a laboratory testing.
Many pharmacologists work a full-time schedule; however, there are part-time employment opportunities offered by some employers. The typical work schedule is Monday through Friday during normal business hours. Those who are patient facing may have on-call hours, and employment in a hospital setting may require some evening or weekend hours.
Bonuses and Benefit Packages
Benefits packages for pharmacologists often include full medical coverage that includes healthcare, dental, and vision services and paid time off for vacation and holidays. Additional perks may include profit sharing or stock options, retirement savings plans, and health savings accounts. Some employers also offer bonus opportunities that can boost total earnings. Those working part-time schedules may not be eligible for full bonus and benefit packages.
The United States Bureau of Labor Statistics anticipates a growth rate of 13% for medical scientists, including pharmacologists, between 2016 and 2026. This growth is faster than average for all occupations as continued research in medicine is needed for the advancement of medical care and treatment.
Pharmacologists have good earning potential combined with comprehensive benefits and bonus packages. Most pharmacologists have advanced degrees at either the PhD or MD level depending on whether they are patient facing or dedicated to a research laboratory setting. The future of pharmacology careers is expected to remain strong with increased demand that should support solid earning potential and provide positions for those wishing to enter this career field.