A pharmacy manager is licensed pharmacist who oversees the daily operations of a pharmacy. The pharmacy manager salary will be higher than a regular pharmacist salary, due to the higher number of responsabilities. The average annual compensation in the US is more than $150,000 compared to roughly C$141,000 ($110,890 USD) in Canada and AU$161,000 ($122,706 USD) in Australia. The annual pharmacy manager salary in US dollar currency are similar in the UK and New Zealand at £79,000 ($94,113 USD) and NZ$135,000 (($93,053 USD), respectively, followed by R869,000 ($61,418 USD) in South Africa and Rs1,454,000 ($22,526 USD) in India. Earning potential for pharmacy managers varies by geographic region, professional experience, and work setting as further explained in this guide.
How Much Does a Pharmacy Manager Make per Year?
The chart below provides average annual and hourly wages for pharmacy managers in select countries worldwide.
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Factors that Influence the Pharmacy Manager Salary
This guide outlines the impact of geographic region, professional experience, and work setting on salary and earning potential, as well as information on a career in this field.
1. Geographic Area
Pharmacy Manager Salary in US
In the US, pharmacy managers earn more than $150,000 per year, equivalent to $72 per hour. Nearly $12,000 in additional income can be earned in bonus incentive pay. The average entry level salary is more than $103,000 per year compared to senior level pay that can reach close to $188,000 per year.
Pharmacy Manager Salary in Canada
Pharmacy managers in Canada earn nearly C$141,000 annually plus C$11,000 in additional bonus income. Those paid an hourly wage receive about C$68 per hour. New pharmacy managers see annual earnings top C$97,000, increasing with experience to roughly C$176,000 per year for senior level positions.
Pharmacy Manager Salary in UK
Pharmacy managers in the UK earn £79,000 per year, or £38 per hour, plus an additional £6,100 in additional bonus pay. Entry level pharmacy managers earn an average starting salary of more than £54,000 per year while senior level professionals earn more than £98,000 annually.
Pharmacy Manager Salary in Australia
In Australia, pharmacy managers see an average annual compensation of more than AU$161,000 in base pay plus another AU$13,000 in bonus pay. Hourly wage earners receive AU$77 per hour, on average. Early career pharmacy managers earn more than AU$111,000 per year while senior level professionals earn more than AU$201,000 annually.
Pharmacy Manager Salary in New Zealand
On average, pharmacy managers in New Zealand earn more than NZ$135,000 per year, or NZ$65 per hour, plus nearly NZ$11,000 in additional bonus pay. On average, entry level positions garner an annual salary of more than NZ$93,000 compared to senior level positions with an average annual salary of roughly NZ$169,000.
Pharmacy Manager Salary in India
The average annual salary for a pharmacy manager in India exceeds Rs1,454,000 with another Rs113,000 in bonus income potential. Hourly wage earners receive Rs699 per hour. The average starting salary for entry level pharmacy managers can reach Rs1,017,000 per year while senior level professionals earn more than Rs1,843,000 per year.
Pharmacy Manager Salary in South Africa
Pharmacy managers in South Africa earn between R603,000 per year for entry level positions and R1,094,000 for senior level positions. On average, all experience levels see an average salary of about R879,000 per year, or R418 per hour, plus another R68,000 in additional bonus pay.
Professional experience potentially increases annual salaries between 81% and 83%. The largest gap between entry level and senior level pay is seen in the US at 83%, followed by New Zealand at 82%. All other countries reviewed in this guide seen annual salaries for senior level positions that are 81% greater than entry level pay.
Pharmacy managers work in hospitals, retail stores, private businesses, and specialty pharmacies offering compounding services. Pharmacists with advanced training are required for compounding services and in hospitals to fulfill medications for oncology treatments, meaning pharmacy managers in these settings may have greater potential for higher earnings. Those who work in retail settings typically see lower salaries. Pharmacy managers who work in for-profit settings may have more opportunities for bonus incentives compared to those in the nonprofit sector.
Pharmacy managers often work during normal business hours Monday through Friday; however, many pharmacies offer weekend and evening hours to accommodate patient needs. Some retail pharmacies are also open 24-hours and hospitals need prescriptions for patients around the clock, meaning pharmacy managers working in these settings may work during any day or time of day. While most pharmacy managers work full-time, there are some available part-time positions.
Bonuses and Benefit Packages
A typical benefits package for pharmacy managers includes healthcare coverage for medical, dental, and vision services as well as paid time off for vacations, holidays, and sick time. Many employers offer bonus pay that can significantly add to overall earnings. Other perks that may be available to pharmacy managers include paid training related to licensing requirements, meal allowances, and retirement plans.
The United States Bureau of Labor Statistics estimates an average growth rate of 6% in the pharmacy field, including pharmacy managers, between 2016 and 2026. This growth is associated with an aging population, increased access to medical care, and advancements in medicine. A bachelor’s degree and successful completion of a four-year Doctor of Pharmacy degree is required to work as a pharmacist, which can then lead to promotion to a pharmacy manager position upon gaining experience and increased responsibility.
The average annual pay for pharmacy managers can often see six figure incomes with additional earnings through bonus income incentives. A comprehensive benefits package is often provided to pharmacy managers. Future growth in this career field is expected to be average and pharmacy managers with specialized training may be more competitive for some positions and see higher earnings.