Hi 907.
A lot of people have asked this question in the chats too.
Ph.D. students get paid to study and get their fees paid (usually). It’s the equivalent of about £20000 per year. They can also earn more by helping with teaching. When you get your first job after doing a Ph.D. it goes up to about £30000 and then increases as you get more experience. University lecturers (usually about 6 years after Ph.D.) can get about £45000. Professors about £75000. The president of our University, Professor Dame Nancy Rothwell earns about £260000. She is probably worth it though…. she was named as the 15th most powerful woman in the country last year (AND SHE IS A PHARMACOLOGIST!). Presidents of US universities get paid into the millions per year!
Pharmacists earn about the same as research scientists: the starting salaries are around £20-30k and senior community pharmacists can earn up to £70k (about the same as a university professor). Remember though that you have to study for at least two years longer to be a research scientist, so you lose out a bit on money during that time. The days when pharmacists could run their own business are largely gone – the big chains like Boots and Cohen’s have taken over everything!
Hope this is useful.
Richard
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Richard commented on :
Hi 907.
A lot of people have asked this question in the chats too.
Ph.D. students get paid to study and get their fees paid (usually). It’s the equivalent of about £20000 per year. They can also earn more by helping with teaching. When you get your first job after doing a Ph.D. it goes up to about £30000 and then increases as you get more experience. University lecturers (usually about 6 years after Ph.D.) can get about £45000. Professors about £75000. The president of our University, Professor Dame Nancy Rothwell earns about £260000. She is probably worth it though…. she was named as the 15th most powerful woman in the country last year (AND SHE IS A PHARMACOLOGIST!). Presidents of US universities get paid into the millions per year!
Pharmacists earn about the same as research scientists: the starting salaries are around £20-30k and senior community pharmacists can earn up to £70k (about the same as a university professor). Remember though that you have to study for at least two years longer to be a research scientist, so you lose out a bit on money during that time. The days when pharmacists could run their own business are largely gone – the big chains like Boots and Cohen’s have taken over everything!
Hope this is useful.
Richard