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I do concede that the market currently stinks and all the new schools are troublesome, and that I do not expect the market outside of very rural areas to change for the next several years at least. However, thinking long term for our career, I am not too concerned. Primarily, there is also the fact that the majority of new graduates are women who do not work FT for more than 5 years on average, and the figures RxForLife was using do not take into account the pharmacists retiring from the workforce. Again, the economy has forced more elderly people to work and women to work FT for longer as their husbands have lost their jobs. Things should turn around in five or so years as the economy rebounds, the mass amount of elderly pharmacists retire (causing demand for more pharmacists not included in the absolute projected demand increase), and women switch to PT. And yes, I am going to say it, the first of the baby boomers have only just hit Medicare age. We still have 20 more years of this, and as the population exponentially ages, it will have a positive impact on the demand for all health care professionals. My two cents to counter some of this doom and gloom.
However, thinking long term for our career, I am not too concerned.
Primarily, there is also the fact that the majority of new graduates are women who do not work FT for more than 5 years on average,
and the figures RxForLife was using do not take into account the pharmacists retiring from the workforce. Again, the economy has forced more elderly people to work and women to work FT for longer as their husbands have lost their jobs.
Things should turn around in five or so years as the economy rebounds,
I am going to say it, the first of the baby boomers have only just hit Medicare age. We still have 20 more years of this, and as the population exponentially ages,
it will have a positive impact on the demand for all health care professionals. My two cents to counter some of this doom and gloom.
In the late 1990s, the Nation was graduating approximately 8,000 new pharmacists per year and the HRSA (2000) projections assumed that the annual number of new graduates would continue increasing to approximately 8,500 by 2020. In reaction to the predicted growing pharmacist shortage, enrollment in pharmacy programs rose such that the Nation will soon be graduating close to 10,000 new pharmacists per year, with plans for expansion of pharmacy schools expected to gradually increase the number of entry-level degree graduates to about 12,000 per year.
Don't bet your future on this report.
Evidently HRSA (2000) projection was wrong.. and evidently HRSA (2004) misses the mark again.
They underestimate new pharmacist production and overestimate the growth of pharmacist demand.
In a retail setting, the top pharmacist from UCSF will bring in no more income than the bottom student from (insert puppy mill pharmacy).
I do concede that the market currently stinks and all the new schools are troublesome, and that I do not expect the market outside of very rural areas to change for the next several years at least. However, thinking long term for our career, I am not too concerned. Primarily, there is also the fact that the majority of new graduates are women who do not work FT for more than 5 years on average, and the figures RxForLife was using do not take into account the pharmacists retiring from the workforce. Again, the economy has forced more elderly people to work and women to work FT for longer as their husbands have lost their jobs. Things should turn around in five or so years as the economy rebounds, the mass amount of elderly pharmacists retire (causing demand for more pharmacists not included in the absolute projected demand increase), and women switch to PT. And yes, I am going to say it, the first of the baby boomers have only just hit Medicare age. We still have 20 more years of this, and as the population exponentially ages, it will have a positive impact on the demand for all health care professionals. My two cents to counter some of this doom and gloom.
I have only just retired at 76. I have met pharmacists still working part time at 82 and there was a mention of a pharmacist aged 93 involved in an incident who was advised to retire by the stututory committee (Deal with pharmacists who have transgressed).
johnep
Although we might think that Pharmacist is in low demand...it might be the opposite once Obama universal health plan is pass. Imagine all the peoples who have never had access to medications in the past might visit the pharmacy more than EVER!!! Since universal health plan allow EVERYONE in U.S. to have access to health care and drugs with like a huge jump in tax rate, I honestly think pharmacist will be in huge demand sooner or later. What do all of you guys think?
Although we might think that Pharmacist is in low demand...it might be the opposite once Obama universal health plan is pass. Imagine all the peoples who have never had access to medications in the past might visit the pharmacy more than EVER!!! Since universal health plan allow EVERYONE in U.S. to have access to health care and drugs with like a huge jump in tax rate, I honestly think pharmacist will be in huge demand sooner or later. What do all of you guys think?
^ Can you provide some actual evidence to support your statements?
Here's an article from a couple days ago.
http://www.healthcarefinancenews.com/news/recession-hurts-pharmacists-are-still-demand
"The future of pharmacy appears to be female."
^ Can you provide some actual evidence to support your statements?
Here's an article from a couple days ago.
http://www.healthcarefinancenews.com/news/recession-hurts-pharmacists-are-still-demand
"The future of pharmacy appears to be female."
This is just the positive prediction. You never know what happens in future...My vision is short, so i just tend to look at the present. Just like back in dot com 1999-2000, people were so excited about internet, programming , yada yada...The news keep ballooning with computer scientist/engineers make 100K/year and you get job easily everywhere!!!!!!!!!!!!!!!!!!everywhere you go in college, you see a guy holding a book called, "Java programming" or "C++ in 24 hours", or "networking system"....and boom ! 2 yrs later, those guys couldn't find a job and had to switch career fields to pharmacy/dental/medicine, and the job is almost obsolete offshore to India/China until NOW (10 yrs later)
I don't know about how Obama healthcare plan turns out to be...but i know it's pretty f* up now...and most likely it won't be passed!!! I personally don't like Obama because apparently, he is incompetent. Within 2 yrs in the white house the monkey has done nothing except for spending more money from the government and put the government in debt more and more....digging a hole deeper and deeper everyday, nothing has been done besides the damn healthcare reform plan (and yet not even done!). Job loss is still there, foreclosures everywhere, government bailouts trilions of dollars and still nothing fixed!!!
Anyway, bottom line: why pharm schools open? Because students still think it's a good career to go for...so it opens to suck ur loan/tuition and every cents of it...Do they dare to tell the truth that the pharmacy career has been already very saturated? of course not. Who wanna study for 4 yrs in pharm school and get out with 200K debt and has no job????But it looks like that's the reality.
I told my little cousins who were interested in pharmacy to run away 1000000 miles from it. The picture is getting uglier and uglier each year since 2008. Trust me, wait until this year graduation, then we really see the impact of it. My prediction: One job opening =100 applications....
First off, computer/software engineering is still an 65-70-100k a year profession anyway. I have several friends pursuing this and they already have had job offers since last fall.
I'd believe you if it werent for the fact that everything I have experienced and everyone I have talked to tells the complete opposite story. (i suspect the truth is somewhere in between - i know people are having a hard time finding jobs, but its not THAT hard)
You're relying on anecdotes, and so am i , so there's no way to prove either of us are right. But it would be nice if you would stop making ridiculous blanket statements. Every 4th year i know (10 or so at my school and maybe 10 from work - from various places in the country) got a contract offer for a permanent store or hospital staff job sometime between last november and now. So that's nobody who's out of work, and actually, nobody who is even having to look or compete for jobs. Just saying, the world has not ended. 100 applications per job, get real.
And to glory: Correct, CVS and Walgreens growth has largely slowed for the moment. Think of what will happen if 30 million more people become insured, couple that with the aging population. Retail growth has been curbed for now, not forever.
Also, check around on some job boards, there are postings (again, in cities in the Northeast) for PRN clinical pharmacists.
Correct, many female pharmacists work full time because they have to. But then again, many others work FT currently because of the economy and spousal job loss. What evidence are you basing your hesitations toward this argument on?
Again, please correct me if I am wrong.
Best Regards.
okay, I didn't know that they had PRN for clinical pharmacists, I guess its different here in the South or we haven't got to that advance in clinical pharmacy yet.
I actually don't have any evidence (aside from anecdotes) against female pharmacists working PT though lol I guess I just don't see the benefits of working part time while raising a family, but then again I'm a guy... =D
It's just basic economics that females tend to stay in the workforce as FT for a substantially shorter period of time then men do. When I went for interviews I spoke about this with many of the Deans and they thought likewise that this will have a positive impact on the FT job market for males in the long-term scale of our careers. Pharmacy is also one of the few fields that the PT hourly wage is comparably to the FT wage in certain sectors so females tend to pursue it because they can work PT and raise a family. Of course, there are plenty of FT female pharmacists, don't get me wrong. Food for thought.
How can you work FULL time and raise a family? Someone has to stay home with the kids 24/7.
This is a very fine argument you have presented RxforLife. I see no flaws in it and shall refrain from commenting.
To any pre-pharmacy students reading this who are concerned about future stability, do not pay any attention to this nonsense thread.
I've seen too many *******es trying to get into pharmacy. It drives me craaaaazy.
This is very true. Even if you are a very knowledgeable pharmacist, it doesn't matter in retail. As a matter of fact, it is even counterproductive if you try to be a clinical pharmacist in retail.
I guess that means students will actually have to get more than C's through pharmacy school in order to distinguish themselves The C's get degrees mentality isn't going to work anymore...or so it seems.
Good news and bad news on the job market: The good news is that current demand is strong and that more pharmacy schools are opening, which will make it easier for you to get in. The bad news is that those new schools will be pumping out lots of new graduates, which will make it harder to land a job.
Omg...if you just reply on these news/articles and make conclusion then that is very misleading.....The evidence of a surplus>demand is quite obvious as followed:
1. No more to limited sign on bonus as comparing to previous years before.
2. Retails/ Hospitals across nationwide currently have "hiring freeze" (= hire nobody to temporary hiring)
3. Graduates have a hard time to find jobs...have to relocate further than before, some even have to move to other states.
4. Students are applying to residency more and more since they know they can't get a job at this time...
And finally, a solid proof would be you....you should just do a testimony. Call up the place where u wanna work, say that u're a pharmacist looking for a job and see how they response....
This hospital I work at just hired two new pharmacists. Both of which are fresh out of school, and did not do a residency/fellowship of any sort. Also, we just filled 3 new tech positions....We have 3 pharmacy schools within an hour drive of the hospital, and another opening up...So, as far as my experience goes, I'd have to disagree with you about the "hiring freeze nationwide." I'm sure the situation is much worse in other areas of the country though.
This hospital I work at just hired two new pharmacists. Both of which are fresh out of school, and did not do a residency/fellowship of any sort. Also, we just filled 3 new tech positions....We have 3 pharmacy schools within an hour drive of the hospital, and another opening up...So, as far as my experience goes, I'd have to disagree with you about the "hiring freeze nationwide." I'm sure the situation is much worse in other areas of the country though.
Hmmm, I wonder how the vast majority of the women in this country pulls this off. Give you a hint, it's called d__care.
I swear, talking to some of the people on this board is like dealing with my 7yr old cousin. I was addressing rxforlifes blanket generalization of "hiring freeze nationwide...blah blah", and stated how in my particular hospital, openings are abundant. Rxlea chimed in with their hospital hiring as well. I also stated how I'm sure this scenario isn't likely nationwide. But, I forgot I was dealing with clowns like yourself who would make a ******ed comment. Shouldn't you be working now anyways? Or do you prefer spending your days off perusing SDN threads....woohoo! 2 pharmcists hired!!! The pharmacist shortage is back!!
I swear, talking to some of the people on this board is like dealing with my 7yr old cousin. I was addressing rxforlifes blanket generalization of "hiring freeze nationwide...blah blah", and stated how in my particular hospital, openings are abundant. Rxlea chimed in with their hospital hiring as well. I also stated how I'm sure this scenario isn't likely nationwide. But, I forgot I was dealing with clowns like yourself who would make a ******ed comment. Shouldn't you be working now anyways? Or do you prefer spending your days off perusing SDN threads....
So sez a little student..
So Einstein, were those 2 positions new positions or vacancy fill?
I know your market better than you.
btw, I am working. But you have no idea.
ignorance is bliss....Hahaha...I love how you think your better than me because your a pharmacist. Oh let me praise you because your a big bad pharmacist...haha please...your a dime a dozen just like the rest of them, just like the rest of us students. So stop acting so pretentious, its old. Btw......new positions. Take that however you'd like.
woohoo! 2 pharmcists hired!!! The pharmacist shortage is back!!
Hahaha...I love how you think your better than me because your a pharmacist. Oh let me praise you because your a big bad pharmacist...haha please...your a dime a dozen just like the rest of them, just like the rest of us students. So stop acting so pretentious, its old. Btw......new positions. Take that however you'd like.
This hospital I work at just hired two new pharmacists. Both of which are fresh out of school, and did not do a residency/fellowship of any sort. Also, we just filled 3 new tech positions....We have 3 pharmacy schools within an hour drive of the hospital, and another opening up...So, as far as my experience goes, I'd have to disagree with you about the "hiring freeze nationwide." I'm sure the situation is much worse in other areas of the country though.
Very true...I didn't even look at it that way. I'll do my best to network and try to intern there (if my school allows me to intern at a place I've already previously worked, which I don't think they like) But, all good points by you.Oh really? Then that's even bad news for u in the future...Now u have 2 less spots to apply to after graduation...Believe me, those pharmacists who got hired will work very hard and they won't leave until the hospital closes....lol....so yeah, u most likely won't get the job at that hospital anymore since there is no more openings after....
At my hospital, we consistently have phone calls from outside asking for jobs even per diem/part time...especially new grads....they even talked to my boss saying that they willing to work for free for 3 months as "trial" and free training, then start getting paid, but my boss said NO.
It is bad time now....and it is gonna get worse....
I think you should take some of your own advice...and speak when spoken to, instead of jumping on peoples bandwagon. I made a post about the hospital I work at, and its hiring situation. The other poster decided to be sarcastic and purposely overexaggerate my comment, which wasn't needed. I respect many people on this board, and rarely ever stir the pot. But as far as this afternoon is concerned, its water under the bridge and I forgot about it...maybe you should to.
I asked at my interview if I would be able to intern at the current retail location and hospital location I've been working at, and the interviewer's told me the school is funny about that, and strongly prefers to have me intern at another location. Also, I asked a 2006 UB grad last week at the hospital, and he said I could intern for the same retail company, but not the same location. In addition, I work for a Catholic Health hospital, I would be able to intern at another catholic health hospital, but not my current one. However, I have not 100% confirmed this with UB yet, I was waiting until school starts in the Fall...Hopefully someone can prove me wrong though.I think Jetninjin was being facetious in his/her post.
By the way, are you serious that UB doesn't like students interning at places that they worked during pre-pharmacy? That seems odd. Can anyone who currently attends or who has graduated from UB confirm or deny this, and if it's true, do you know why UB frowns on that?
If you look around your department, what do you see? What is the age distribution of your current pharmacy staff? What percentage of your pharmacists are < 5 years removed from graduation?