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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 2018-2019 for each degree level.

Education Level Number of Grads
Master’s Degree 281
Graduate Certificate 24
Doctor’s Degree 15

What Pharmacy Admin & Regulatory Affairs Majors Need to Know

In an O*NET survey, pharmacy administration and pharmacy policy and regulatory affairs 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 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

pharmacy administration and pharmacy policy and regulatory affairs majors are found most commonly in careers in which the following skills are important:

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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

Pharmacy Administration and Pharmacy Policy and Regulatory Affairs majors often go into careers where the following abilities are vital:

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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?

Below is a list of occupations associated with pharmacy administration and pharmacy policy and regulatory affairs:

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 you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

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 )
0K
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 degrees associated with pharmacy administration and pharmacy policy and regulatory affairs may require an advanced degree, while others may not even require a bachelor’s in the field. 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 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 2018-2019, 22 schools offered a pharmacy administration and pharmacy policy and regulatory affairs 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 0 0
Bachelor’s Degree 7 5
Post-Baccalaureate 0 0
Master’s Degree 17 3
Post-Master’s 2 0
Doctor’s Degree (Research) 6 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 15,993
Pharmaceutical Sciences 1,409
Other Pharmacy, Pharmaceutical Sciences, and Administration 906
Pharmaceutics and Drug Design 500
Medicinal and Pharmaceutical Chemistry 179
Clinical and Industrial Drug Development 169
Pharmaceutical Marketing and Management 89
Pharmacoeconomics/Pharmaceutical Economics 88
Industrial and Physical Pharmacy and Cosmetic Sciences 83
Clinical, Hospital, and Managed Care Pharmacy 21
Natural Products Chemistry and Pharmacognosy 10

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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