Field Of Pharmacy That Makes The Most Money

Pharmacist and Money

There are many fields in pharmacy. They are all lucrative. But just like all fingers are not equal, some of the fields are more lucrative than others. Many young pharmacists wish to carve a career path for themselves in the most lucrative field. They always ask what field of pharmacy makes the most money.

Fields In Pharmacy

To know the most lucrative field in pharmacy, we need to know which field exists in pharmacy in Nigeria. Below is the list.

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1. Community pharmacy

2. Hospital pharmacy

3. Industrial/clinical trials

4. Education/research

5. Regulatory

6. Government and NGO

7. Consultant pharmacist

Pharmacist Employee

As an employee in any of the fields, the salary depends on the company. Most private firms don't pay as much as the government. And most state governments, especially those in the south, pay higher than the federal government.

As an employee in an establishment, working as a pharmacist in the industry is more lucrative. And there is room for promotion. The more years you work, the more likely your salary will go up. And many of these companies have standard salary structures.

Another field that pays as an employee is working for an NGO. If you desire freedom to work and play, you have it. NGO can be within or outside the country. Unfortunately, the job is not very secure as they can park their load and leave when they want.

Read Also: Salary of Pharmacist in Nigeria

Pharmacist With Business

If you want to be chief executive officer (CEO), you better watch it. It is very easy to own a community pharmacy business. The profit is more than enough to live above the average pharmacist on salary even better than those working in NGO. However, a pharmacist with a pharmaceutical industry with strong presence in the country will be at a new level. In essence, establishing a pharmaceutical industry is the most lucrative field in pharmacy.