Job market overview

According to BLS, this career projects a growth rate of 5% from 2021 to 2031, indicating a steady increase in employment opportunities within the field. There are approximately 43,500 job openings available for PhTs on average annually. These statistics highlight the rising prospects for PhTs and aspirants.

As of May 2022, the median annual salary for PhTs is $37,790 ($18.17/hr). Check out the table below for the percentile wage estimates.

• 10% Percentile:

  • Hourly Wage: $14.25

  • Annual Wage: $29,640

• 25% Percentile:

  • Hourly Wage: $16.63

  • Annual Wage: $34,590

• 50% Percentile (Median):

  • Hourly Wage: $18.17

  • Annual Wage: $37,790

• 75% Percentile:

  • Hourly Wage: $21.97

  • Annual Wage: $45,710

• 90% Percentile:

  • Hourly Wage: $24.35

  • Annual Wage: $50,640

When it comes to pursuing this career, considering the location is a wise decision. Certain states provide the most competitive salaries, from bustling metropolitan areas to serene coastal regions. Explore the states below known for offering the highest compensation as a PhT.

• California:

  • Employment: 38,780

  • Hourly mean wage: $25.04

  • Annual mean wage: $52,090

• Washington:

  • Employment: 7,600

  • Hourly mean wage: $23.81

  • Annual mean wage: $49,530

• Alaska:

  • Employment: 790

  • Hourly mean wage: $23.18

  • Annual mean wage: $48,210

• Oregon:

  • Employment: 4,470

  • Hourly mean wage: $22.49

  • Annual mean wage: $46,770

• District of Columbia:

  • Employment: 720

  • Hourly mean wage: $21.75

  • Annual mean wage: $45,240

Why now is the best time to be a PhT

In today's rapidly evolving healthcare landscape, there has never been a better time to pursue being a PhT than now. As the role continues to expand and evolve, their contributions are increasingly recognized and valued. These are the top reasons why you should be a PhT today:

1. Growing Demand. The demand for pharmacy services continues to rise because of new medications. This increased demand translates into more job opportunities for PhTs.

2. Certification/ Training is fast. Compared to other healthcare professions requiring years of education, becoming a PhT requires a shorter training period. This allows individuals to enter the field relatively quickly and start their careers.

3. The Job Market is strong. The pharmaceutical sector tends to be more resilient during economic downturns. PhTs often enjoy job stability and security due to the ongoing need for their services.

4. Advancement Opportunities. While this career can be fulfilling in itself, it can also provide further advancement in the field. With experience and additional education, you can pursue roles such as pharmacy manager, pharmacy buyer, or even pharmacist.

5. Flexible work options. PhTs have the flexibility to work in various settings. This includes retail pharmacies, hospitals, long-term care facilities, and mail-order pharmacies. This flexibility allows individuals to choose a work environment that suits their preferences and schedule.

6. Competitive salary. The salary for PhTs is generally competitive, considering the short training period required to enter the profession. There may be opportunities for overtime pay and other benefits, depending on the employer and location.

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What comes after getting certified?

After successfully completing the certification as a PhT, a world of opportunities opens up for healthcare and pharmaceuticals. With the necessary knowledge, skills, and credentials, certified PhTs can embark on a path with avenues for growth and advancement. You can pursue the following titles if you want to further your career:

• Pharmacy Manager

• Lead Pharmacy Technician

• Pharmacy Buyer

• Pharmacist

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