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Pharmacy Admin & Regulatory Affairs Major

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Pharmacy Admin & Regulatory Affairs

0 Bachelor's Degrees Annually
281 Master's Degrees Annually
#141 in Popularity
$122,320 Median Salary

Types of Degrees Pharmacy Admin & Regulatory Affairs Majors Are Getting

The following table lists how many pharmacy administration and pharmacy policy and regulatory affairs graduations there were in 2019-2020 for each degree level.

Education Level Number of Grads
Master’s Degree 226
Graduate Certificate 36
Doctor’s Degree 11
Associate Degree 5
Undergraduate Certificate 3

What Pharmacy Admin & Regulatory Affairs Majors Need to Know

People with careers related to pharmacy administration and pharmacy policy and regulatory affairs were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Pharmacy Administration and Pharmacy Policy and Regulatory Affairs Majors

Pharmacy Administration and Pharmacy Policy and Regulatory Affairs majors often go into careers in which the following 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.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • 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.
  • Biology - Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
  • 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.

Skills for Pharmacy Administration and Pharmacy Policy and Regulatory Affairs Majors

The following list of skills has been highlighted as some of the most essential for careers related to pharmacy administration and pharmacy policy and regulatory affairs:

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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.
  • Speaking - Talking to others to convey information effectively.
  • Instructing - Teaching others how to do something.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Abilities for Pharmacy Administration and Pharmacy Policy and Regulatory Affairs Majors

As a pharmacy administration and pharmacy policy and regulatory affairs major, you will find yourself needing the following abilities:

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  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Written Expression - The ability to communicate information and ideas in writing so others will understand.
  • Speech Clarity - The ability to speak clearly so others can understand you.

What Can You Do With a Pharmacy Admin & Regulatory Affairs Major?

People with a pharmacy administration and pharmacy policy and regulatory affairs degree often go into the following careers:

Job Title Job Growth Rate Median Salary
Health Specialties Professors 25.9% $97,370
Pharmacists 5.6% $126,120

How Much Do Pharmacy Admin & Regulatory Affairs Majors Make?

Salaries According to BLS

Average salaries range from $122,320 to $123,670 (25th to 75th percentile) for careers related to pharmacy administration and pharmacy policy and regulatory affairs. This range includes 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 Pharmacy Admin & Regulatory Affairs Major  ( 122320 to 123670 )
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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 pharmacy administration and pharmacy policy and regulatory affairs require an advanced degree while some may not even require a bachelor’s. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

Find out what the typical degree level is for pharmacy administration and pharmacy policy and regulatory affairs careers below.

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Education Level Percentage of Workers
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production) 1.0%
Associate’s Degree (or other 2-year degree) 1.5%
Bachelor’s Degree 10.7%
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. 7.6%
Master’s Degree 14.3%
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. 0.2%
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. 25.2%
Doctoral Degree 32.9%
Post-Doctoral Training 6.7%

Online Pharmacy Admin & Regulatory Affairs Programs

In the 2019-2020 academic year, 27 schools offered some type of pharmacy administration and pharmacy policy and regulatory affairs program. 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) 1 0
Associate’s Degree 2 0
Bachelor’s Degree 6 3
Post-Baccalaureate 0 0
Master’s Degree 16 2
Post-Master’s 3 0
Doctor’s Degree (Research) 7 0
Doctor’s Degree (Professional Practice) 0 0
Doctor’s Degree (Other) 1 0

Is a Degree in Pharmacy Admin & Regulatory Affairs Worth It?

The median salary for a pharmacy administration and pharmacy policy and regulatory affairs grad is $122,320 per year. This is based on the weighted average of the most common careers associated with the major.

This is 207% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,648,400 after 20 years!

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You may also be interested in one of the following majors related to pharmacy administration and pharmacy policy and regulatory affairs.

Major Number of Grads
Pharmacy 15,416
Pharmaceutical Sciences 1,615
Other Pharmacy, Pharmaceutical Sciences, and Administration 824
Pharmaceutics and Drug Design 542
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
Clinical, Hospital, and Managed Care Pharmacy 35
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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