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Clinical & Hospital Pharmacy Major

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Clinical & Hospital Pharmacy

10 Master's Degrees Annually
$123,670 Median Salary

Types of Degrees Clinical & Hospital Pharmacy Majors Are Getting

The following table lists how many clinical, hospital, and managed care pharmacy graduations there were in 2019-2020 for each degree level.

Education Level Number of Grads
Master’s Degree 12
Graduate Certificate 11
Associate Degree 10
Bachelor’s Degree 2

What Clinical & Hospital Pharmacy Majors Need to Know

In an O*NET survey, clinical, hospital, and managed care pharmacy majors were asked to rate what knowledge areas, skills, and abilities were important in their occupations. These answers were weighted on a scale of 1 to 5 with 5 being the most important.

Knowledge Areas for Clinical, Hospital, and Managed Care Pharmacy Majors

This major prepares you for careers in which these knowledge areas are important:

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  • Medicine and Dentistry - Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Chemistry - Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Skills for Clinical, Hospital, and Managed Care Pharmacy Majors

When studying clinical, hospital, and managed care pharmacy, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

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  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Speaking - Talking to others to convey information effectively.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Abilities for Clinical, Hospital, and Managed Care Pharmacy Majors

Clinical, Hospital, and Managed Care Pharmacy majors often go into careers where the following abilities are vital:

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  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
  • Near Vision - The ability to see details at close range (within a few feet of the observer).

What Can You Do With a Clinical & Hospital Pharmacy Major?

Below is a list of occupations associated with clinical, hospital, and managed care pharmacy:

Job Title Job Growth Rate Median Salary
Pharmacists 5.6% $126,120

Who Is Getting a Bachelor’s Degree in Clinical & Hospital Pharmacy?

2 Bachelor's Degrees Annually
100% Percent Women
50% Percent Racial-Ethnic Minorities*

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of clinical, hospital, and managed care pharmacy majors is as follows:

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Race/Ethnicity Number of Grads
Asian 0
Black or African American 0
Hispanic or Latino 1
White 1
International Students 0
Other Races/Ethnicities 0

How Much Do Clinical & Hospital Pharmacy Majors Make?

Salaries According to BLS

Clinical, Hospital, and Managed Care Pharmacy majors often go into careers with median salaries of $123,670. This median refers to all degree levels, so the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Median Salary for a Clinical & Hospital Pharmacy Major  123,670
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250K
Median Salary for a High School Graduate  ( 30000 to 57900 )
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250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

Some careers associated with clinical, hospital, and managed care pharmacy require an advanced degree while some may not even require a bachelor’s. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.

Find out what the typical degree level is for clinical, hospital, and managed care pharmacy careers below.

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Education Level Percentage of Workers
Bachelor’s Degree 9.8%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master. 11.3%
Master’s Degree 3.7%
Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level. 0.3%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession. 37.5%
Doctoral Degree 36.8%
Post-Doctoral Training 0.6%

Online Clinical & Hospital Pharmacy Programs

In 2019-2020, 7 schools offered a clinical, hospital, and managed care pharmacy program of some type. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level Colleges Offering Programs Colleges Offering Online Classes
Certificate (Less Than 1 Year) 0 0
Certificate (1-2 years) 0 0
Certificate (2-4 Years) 0 0
Associate’s Degree 1 0
Bachelor’s Degree 2 1
Post-Baccalaureate 0 0
Master’s Degree 3 0
Post-Master’s 0 0
Doctor’s Degree (Research) 0 0
Doctor’s Degree (Professional Practice) 0 0
Doctor’s Degree (Other) 0 0

Is a Degree in Clinical & Hospital Pharmacy Worth It?

The median salary for a clinical, hospital, and managed care pharmacy grad is $123,670 per year. This is based on the weighted average of the most common careers associated with the major.

This is 210% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,675,400 after 20 years!

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You may also be interested in one of the following majors related to clinical, hospital, and managed care pharmacy.

Major Number of Grads
Pharmacy 15,416
Pharmaceutical Sciences 1,615
Other Pharmacy, Pharmaceutical Sciences, and Administration 824
Pharmaceutics and Drug Design 542
Pharmacy Administration and Pharmacy Policy and Regulatory Affairs 281
Clinical and Industrial Drug Development 223
Medicinal and Pharmaceutical Chemistry 177
Pharmacoeconomics/Pharmaceutical Economics 152
Industrial and Physical Pharmacy and Cosmetic Sciences 79
Pharmaceutical Marketing and Management 73
Natural Products Chemistry and Pharmacognosy 19

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

More about our data sources and methodologies.

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