Pharmacy Salary In Australia
Pharmacy is one of the most lucrative careers in Australia, with an average annual income of $82,000. Pharmacists must complete a four year degree at university before they can apply for registration with the Australian Health Practitioner Regulation Agency (AHPRA). Once registered, pharmacists must complete a minimum of 3 years’ post-registration experience before they are able to take on a leadership role within their practice.
After completing their training, pharmacists are usually required to work in a community pharmacy where they can gain valuable experience working under supervision from experienced pharmacists. However, many pharmacists choose to work in hospital settings where they can also gain valuable experience as well as providing pharmaceutical care to patients who may require intravenous medication or other forms of treatment not available in community pharmacies.
Pharmacy Salary In Australia
How much money does a Pharmacist make in Australia?
Average Yearly Salary
114,000 AUD
( 9,530 AUD monthly)
LOW
57,200
AUD AVERAGE
114,000
AUD HIGH
177,000
AUD
A person working as a Pharmacist in Australia typically earns around 114,000 AUD per year. Salaries range from 57,200 AUD (lowest) to 177,000 AUD (highest).
This is the average yearly salary including housing, transport, and other benefits. Pharmacist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Pharmacist Salary Distribution in Australia
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The median, the maximum, the minimum, and the range
- Salary RangePharmacist salaries in Australia range from 57,200 AUD per year (minimum salary) to 177,000 AUD per year (maximum salary).
- Median SalaryThe median salary is 114,000 AUD per year, which means that half (50%) of people working as Pharmacist(s) are earning less than 114,000 AUD while the other half are earning more than 114,000 AUD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
- PercentilesClosely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Pharmacist(s) are earning less than 77,200 AUD while 75% of them are earning more than 77,200 AUD. Also from the diagram, 75% of Pharmacist(s) are earning less than 146,000 AUD while 25% are earning more than 146,000 AUD.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
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Pharmacist Salary Comparison by Years of Experience
How does experience and age affect your pay?
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Pharmacist salaries by experience level and this is what we found.
A Pharmacist with less than two years of experience makes approximately 68,600 AUD per year.
While someone with an experience level between two and five years is expected to earn 90,800 AUD per year, 32% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 121,000 AUD per year, 34% more than someone with two to five years of experience.
“ On average, a person’s salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
* Based on the average change in salary over time. Salary variations differ from person to person.
Additionally, Pharmacist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 145,000 AUD per year, 19% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 156,000 AUD per year, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 168,000 AUD per year, 7% more than people with fifteen to twenty years of experience.
Pharmacist average salary change by experience in Australia
| 0 – 2 Years | 68,600 AUD | |
| 2 – 5 Years | +32% | 90,800 AUD |
| 5 – 10 Years | +34% | 121,000 AUD |
| 10 – 15 Years | +19% | 145,000 AUD |
| 15 – 20 Years | +8% | 156,000 AUD |
| 20+ Years | +7% | 168,000 AUD |
Percentage increase and decrease are relative to the previous value
Typical Salary Progress for Most Careers
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Pharmacist Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Pharmacist(s) who have the same experience but different education levels.
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Pharmacist salaries by education level in order to make a comparison.
When the education level is Bachelor’s Degree, the average salary of a Pharmacist is 98,000 AUD per year.
While someone with a Master’s Degree gets a salary of 154,000 AUD per year, 58% more than someone having a Bachelor’s Degree degree.
Pharmacist average salary difference by education level in Australia
| Bachelor’s Degree | 98,000 AUD | |
| Master’s Degree | +58% | 154,000 AUD |
Percentage increase and decrease are relative to the previous value
Is a Master’s degree or an MBA worth it? Should you pursue higher education?
A Master’s degree program or any post-graduate program in Australia costs anywhere from 37,800 Australian Dollar(s) to 114,000 Australian Dollar(s) and lasts approximately two years. That is quite an investment.
You can’t really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
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Pharmacist Salary Comparison By Gender
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Pharmacist employees in Australia earn 4% more than their female counterparts on average.
| Male | 117,000 AUD | |
| Female | -4% | 112,000 AUD |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Australia for all Careers
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Pharmacist Average Annual Salary Increment Percentage in Australia
How much are annual salary increments in Australia for Pharmacist(s)? How often do employees get salary raises?
Pharmacist
Pharmacist(s) in Australia are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.
Australia / All Professions
The term ‘Annual Salary Increase’ usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
