ArticleAmerican journal of pharmaceutical education2011
Economic analysis of earning a PhD degree after completion of a PharmD degree.
Article in American journal of pharmaceutical education, 2011. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 7 papers.
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Who cites it
7 citing papers in PubMed.
- Student Pharmacists' Personal Finance Perceptions, Projected Indebtedness Upon Graduation, and Career Decision-making.American journal of pharmaceutical education · 2019Article
- Perceived Motivating Factors and Barriers for the Completion of Postgraduate Training Among American Pharmacy Students Prior to Beginning Advanced Pharmacy Practice Experiences.American journal of pharmaceutical education · 2017Article
- Net Income of Pharmacy Faculty Compared to Community and Hospital Pharmacists.American journal of pharmaceutical education · 2016Article
- Economic Analysis of Obtaining a PharmD Degree and Career as a Pharmacist.American journal of pharmaceutical education · 2015Article
- An instrument to assess subjective task value beliefs regarding the decision to pursue postgraduate training.American journal of pharmaceutical education · 2014Article
- Syrian pharmacy students' intentions and attitudes toward postgraduate education.American journal of pharmaceutical education · 2012Article
- Is there a need for more research-based courses in the PharmD curriculum?American journal of pharmaceutical education · 2011Article
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2 authors.
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No grant is acknowledged in the PubMed record.
Abstract
objectiveTo determine the net present value (NPV) and internal rate of return (IRR) for earning a doctor of philosophy (PhD) degree and pursuing careers commonly associated with that degree after completion of a doctor of pharmacy (PharmD) degree compared to entering pharmacy practice directly upon completion of the PharmD degree.
methodsIncome profiles were constructed based on 2008 annual salary data. NPV and IRR were calculated for careers resulting from the PhD degree and compared to those of the practicing community pharmacist. Trends in IRR also were examined across career paths from 1982 to 2008. A priori assumptions were developed and sensitivity analyses were conducted.
resultsThe NPVs for all careers associated with the PhD degree were negative compared to that of the practicing community pharmacist. IRRs ranged from -1.4% to 1.3% for PhD careers. Longitudinal examination of IRRs indicated a negative trend from 1982 to 2008.
conclusionsEconomic financial incentives for PharmD graduates to pursue graduate school are lacking. The study illustrates the need to consider financial incentives when developing recruitment methods for PharmD graduates to pharmacy graduate programs.
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