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Pharmacy vs. Engineering

Z e r o XZ e r o X Registered User Posts: 195 Junior Member
edited June 2011 in Other College Majors
I have interest in both of these majors. However which one has a higher income?

My friend told me that pharmacist earn more money after graduation but their income does not increase much?

How about engineering? Is the true for engineering with 10 year experience?

Which has more income potential?

BTW, I'm considering investment banking in the future... Can I get into I-banking with either of these majors?

Post edited by Z e r o X on

Replies to: Pharmacy vs. Engineering

  • Z e r o XZ e r o X Registered User Posts: 195 Junior Member
    Anyone know?

    These are the top most paying majors with higest salary.

    Thats why I'm doing them.
  • NomNom Registered User Posts: 968 Member
    Having read your other posts, I think I can field this question. Yes, pharmacology is a good gateway major for investment banking. Both are lucrative jobs, so you can just fall back on medicine if you do not complete the handful of additional courses required for investment banking. However, due to the prerequisites the two majors share, I see no reason why you could not double major. I am confident you'll succeed. If you choose engineering, I would recommend the sanitation division. You can get a good neighborhood job from the city in this field before graduation.
  • Z e r o XZ e r o X Registered User Posts: 195 Junior Member
    I think I'll pick engineering because I have a bit more interest in that field. And I'm not sure if the college(Northeastern University) I'm considering would allow a double major.

    The primary reason I'm considering pharmacy is because it has a higher starting salary than engineering. But I hope that starting salary won't matter much a few years later because my goal is to go into I-banking or maybe start a business.
  • NomNom Registered User Posts: 968 Member
    If you aren't joking, I pity you.
  • Z e r o XZ e r o X Registered User Posts: 195 Junior Member
    "If you aren't joking, I pity you."

    Explain why? And are you one of those people that thinks "money is not important"?

    BTW I'm INTERESTED in both professions.
  • xSsJ4s0ng0kUx100xxSsJ4s0ng0kUx100x - Posts: 118 Junior Member
    which field is more stable?
  • RunningWaterRunningWater Registered User Posts: 69 Junior Member
    Wouldn't pharmacy be more stable since it's a health profession? I mean there are always going to be sick people... and the stability of engineering for you would depend more on which particular engineering field you go into I think.
  • FloridaToNYCFloridaToNYC Registered User Posts: 134 Junior Member
    Engineering graduates (especially CE) command respect for being smart, hardworking and taking on the tough challange. With top grades, many a med,lawor business school will give you a serious look.
  • wingardiumLeviosawingardiumLeviosa Registered User Posts: 209 Junior Member
    To the Last Post,

  • Polo08816Polo08816 Registered User Posts: 916 Member
    I am currently a first year student at Rutgers Pharmacy. You might think that engineering has a better income potential 10 years down the road. Think again.

    Pharmacy is the best paying part-time job. Take advantage of that.

    After you receive your Doctorate of Pharmacy, you can back to school for Master's in some sort of engineering while still working part time. If you do so, you can make at least 50+k working on weekends and summers while still doing graduate studies.

    You will make more working part-time as a pharmacist than working full time as an engineer. Essentially, you will never need to take a loan out. But if you were an engineer and wanted to go back to school, chances are your full time salary will not pay for grad school since you can't work and go to school at the same time.

    Let's compare both pipeline.
    1. Finish PharmD in 6 years
    2. Apply for another grad school at age 24 for a Master's in Chemistry
    3. Work part time and make 60+k a year while going to school.
    4. Apply for another grad school at age 25 for Master's in Chemical Engineering
    5. Continue normal routine and work part time so you never pay a loan

    Let's just stop there.
    By the time you're 27 you would have had Doctorate in Pharmacy and 2 related Master's Degrees, all while never going into debt. You are guaranteed an excellent position in any pharmaceutical company with those credentials.

    Now Engineering (BEST CASE scenerio)
    1. Finish BA Engineering in 4 years
    2. Start and find work for a maximum of 65k a year while working full time.
    3. Work for at least 3 years until your 25.
    4. Apply for a graduate program that will take at least 2 years. By that time you are 27.
    5. You graduate and you have no money, you will have to work for at least another 2 years before you consider another degree.

    The Pharm graduate will always have the upperhand because he/she doesn't have to spend time accumulating money for a graduate degree. He/she can literally make it while going to school so there's no lag time between degrees. When its all said and done, he/she is still one or two Master's degrees on top of the Engineering student. That translates into a difference in net income.
  • lkf725lkf725 Registered User Posts: 4,781 Senior Member
    Pharmacy is a GREAT part-time job (hear that, moms of the future?). You can choose your hours and you earn a pretty decent hourly wage. Oh, and lets not forget that the vast majority of pharmacists leave their work at work, with no home hours needed.
  • wingardiumLeviosawingardiumLeviosa Registered User Posts: 209 Junior Member
    pharmacy is relatively painless job where you can easily make 100K+. However, I think pharmacology would be more interesting.
  • CC AdminCC Admin Administrator Posts: 32,337 Senior Member
    what is the difference between pharmacy and pharmacology?
  • wingardiumLeviosawingardiumLeviosa Registered User Posts: 209 Junior Member
    Pharmacology is a much more intellectual job. In pharmacology, one is trained rigorously in organic chemistry and biology in graduate school and received a p.h.d. Pharmacology is where you literally create the medicinal drugs from scratch.

    How do you think people discovered things like aspirin, viagra, and other medicines? Pharmacology and organic chemistry are very hot fields right now.

    I'd rather be a pharmacologist and make 80K a year then be a pharmacist and make 110K
  • wingardiumLeviosawingardiumLeviosa Registered User Posts: 209 Junior Member
    actually, pharmacologists start off at 75K and move up over 100K soon. If they're successful, they can be paid millions.
This discussion has been closed.