Pharmacy Technician Salary
The current median annual salary of pharmacy technicians in the United States is about $31,960. In 2010, the median annual salary was about $28,400, which shows a 12.5% increase in the median salary from 2010 to 2013. The median hourly wage of pharmacy technicians was $13.65 in 2010. The lowest 10% of pharmacy technicians earn about $26,100 as an annual salary, while the highest 10% earn about $38,200 as an annual salary.
About 65% of pharmacy technicians solely have a high school degree. However, those that do have more education tend to have a higher salary due to their higher education level. Another factor in the salary of a pharmacy technician is the number of year’s experience that an individual has. About 61% of pharmacy technicians have only had between 0-1 years of experience as a pharmacy technician.
Average Benefits of Pharmacy Technicians
The largest benefit that an average pharmacy technician receives is in the form of health care. The median value of health care benefits that a pharmacy technician receives is about $6,507. This value is estimated to be about 13.5% of the total compensation that a pharmacy technician receives. The next largest benefit that a pharmacy technician receives is compensation from paid time-off. The median value of time off benefits for them is about $3,938, which makes up about 8.1% of the total compensation that a pharmacy technician receives. Social Security accounts for around $2,448 of the compensation, which is about 5.1% of the total value of a pharmacy technician job. Lastly, the median bonus that a pharmacy technician receives is only about $35, or 0.1% of the total value of the job. This comes to show that most pharmacy technicians will not receive bonuses, except in extraordinary circumstances.
Location of Pharmacy Technicians
The location of a pharmacy technician has a lot to do with the salary (or wage) that he or she receives. Due to the high demand and the shorter supply for pharmacy technicians, the highest paying state for pharmacy technicians is Alaska. The median salary for pharmacy technicians in Alaska is $39,010. Washington is a close second, where the median annual salary is about $38,390. California is the third highest state with a median annual salary of $38,380. The District of Columbia has a median annual salary of $38,200. Lastly, Hawaii is the fifth highest paying state for pharmacy technicians as they make a median annual salary of $35,230.
The highest paying city for pharmacy technicians is not in Alaska, surprisingly. In fact, the highest paying city is San Jose, California, where the median annual salary is $45,760. The next highest city is Oakland, California, where the median annual salary is $42,650. Then, the third highest paying city for pharmacy technicians is San Francisco, California, where the medial annual salary is $42,150. Fairfield, California has a median annual salary of $41,650, making it the fourth highest paying city for the occupation. Lastly, Napa, California is the fifth highest paying city for the occupation, where the median annual salary for pharmacy technicians is $41,330.
The state with the highest employment of pharmacy technicians is California. Texas has the second highest employment, followed by Florida. New York has the fourth highest employment for pharmacy technicians, while Illinois has the fifth highest employment for the occupation.
The top paying employers for pharmacy technicians include the federal executive branch, outpatient care centers, offices of physicians, post-secondary schools, and many consulting services employers.
Job Outlook for Pharmacy Technicians
According to the U.S. Bureau of Labor Statistics, as of 2010, the number of pharmacy technician jobs in the United States was 334,400. Also by the year 2020, the employment of pharmacy technicians is expected to grow by 32% (108,300 jobs), which is much faster than the average growth of occupations.
Employment opportunities for pharmacy technicians continue to grow due to the advancement of research in pharmaceuticals. As the research continues to expand, more diseases can be combated and fought with prescription medications. Also, as the population of the United States continues to grow and age, the more people that will need to use prescription medications, since the older population uses more prescription medications (on average) than the younger population.
Pharmacy technicians can either work in pharmacies or in medical facilities. In a medical facility, the pharmacy technician may prepare more medications than in a pharmacy, such as intravenous medications. Also, the technician may perform rounds, administering medications to patients.
How To Become a Pharmacy Technician
In order to gain certification by the Pharmacy Technician Certification Board (PTCB), there are a few eligibility requirements that a person must satisfy. First, the individual must have earned a high school diploma or the educational diploma of something equivalent (for example, GED or a foreign diploma). Next, the individual must give full disclosure of all criminal and State Board of Pharmacy registration or licensure actions. Also, the individual must comply with all the PTCB Certification policies that apply to the individual. Lastly, the individual must pass the Pharmacy Technician Certification Exam (PTCE).
Some specific disqualification factors for individuals including the following: any sort of criminal conduct involving the individual; some sort of State Board of Pharmacy registration or licensure action involving the individual; or a violation of the PTCB Certification policy. If an individual becomes certified, all felony convictions, drug or pharmacy-related violations, and State Board of Pharmacy actions taken against the licensure or registration of the individual must be reported to the PTCB for review.
The only states that do not regulate pharmacy technicians are Colorado, Wisconsin, Michigan, Pennsylvania, New York, and Hawaii. Regardless of this fact, many employers require that candidates for certain jobs be Certified Pharmacy Technicians.
Pharmacy Technician Wages