A person working as a Pharmacist in Nigeria typically earns around 444,000 NGN per month. Salaries range from 226,000 NGN (lowest) to 683,000 NGN (highest).
This is the average monthly salary including housing, transport, and other benefits. Pharmacist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Pharmacist salaries in Nigeria range from 226,000 NGN per month (minimum salary) to 683,000 NGN per month (maximum salary).
The median salary is 435,000 NGN per month, which means that half (50%) of people working as Pharmacist(s) are earning less than 435,000 NGN while the other half are earning more than 435,000 NGN. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Pharmacist(s) are earning less than 298,000 NGN while 75% of them are earning more than 298,000 NGN. Also from the diagram, 75% of Pharmacist(s) are earning less than 548,000 NGN while 25% are earning more than 548,000 NGN.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Pharmacist salaries by experience level and this is what we found.
A Pharmacist with less than two years of experience makes approximately 254,000 NGN per month.
While someone with an experience level between two and five years is expected to earn 331,000 NGN per month, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 464,000 NGN per month, 40% more than someone with two to five years of experience.
Additionally, Pharmacist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 558,000 NGN per month, 20% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 606,000 NGN per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 654,000 NGN per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+31%|
|5 - 10 Years||+40%|
|10 - 15 Years||+20%|
|15 - 20 Years||+9%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Pharmacist salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of a Pharmacist is 313,000 NGN per month.
While someone with a Master's Degree gets a salary of 555,000 NGN per month, 77% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in Nigeria costs anywhere from 1,690,000 Naira(s) to 5,080,000 Naira(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Pharmacist employees in Nigeria earn 19% more than their female counterparts on average.
Pharmacist(s) in Nigeria are likely to observe a salary increase of approximately 11% every 20 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Nigeria for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
A Pharmacist is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
49% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 51% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Pharmacist is 3% less than that of Pharmaceutical and Biotechnology. Also, Pharmaceutical and Biotechnology salaries are 34% more than those of All Jobs.
|Job Title||Average Salary|
|Assistant Pharmacist||273,000 NGN||-38%|
|Assistant Pharmacy Director||550,000 NGN||+24%|
|Associate Medical Affairs Director||724,000 NGN||+63%|
|Bioinformatics Scientist||664,000 NGN||+50%|
|Bioinformatics Technician||294,000 NGN||-34%|
|Biological Scientist||727,000 NGN||+64%|
|Biological Technician||299,000 NGN||-33%|
|Biomedical Engineer||285,000 NGN||-36%|
|Biomedical Engineering Director||530,000 NGN||+19%|
|Biotechnology Lead Data Manager||333,000 NGN||-25%|
|Chemical Process Technician||322,000 NGN||-27%|
|Clinical Consultant||449,000 NGN||+1%|
|Clinical Data Manager||424,000 NGN||-4%|
|Clinical Data Specialist||413,000 NGN||-7%|
|Clinical Operations Manager||603,000 NGN||+36%|
|Clinical Pharmacist||423,000 NGN||-5%|
|Clinical Pharmacy Specialist||539,000 NGN||+21%|
|Clinical Programmer||221,000 NGN||-50%|
|Clinical Project Manager||413,000 NGN||-7%|
|Clinical Research Associate||360,000 NGN||-19%|
|Clinical Research Manager||588,000 NGN||+33%|
|Clinical Study Manager||515,000 NGN||+16%|
|Compliance Specialist||433,000 NGN||-2%|
|Cytology Laboratory Technologist||339,000 NGN||-24%|
|GCP Auditor||388,000 NGN||-13%|
|Hospital Pharmacy Technician||339,000 NGN||-24%|
|Manufacturing Engineer||373,000 NGN||-16%|
|Medical Affairs Director||702,000 NGN||+58%|
|Medical Representative||277,000 NGN||-38%|
|Medical Science Liaison||497,000 NGN||+12%|
|Molecular and Cellular Biologist||680,000 NGN||+53%|
|Nuclear Pharmacist||439,000 NGN||-1%|
|Pharmaceutical Manufacturing Lead||829,000 NGN||+87%|
|Pharmaceutical Operations Excellence Manager||685,000 NGN||+54%|
|Pharmaceutical Process Engineer||405,000 NGN||-9%|
|Pharmaceutical Production Assistant Manager||468,000 NGN||+5%|
|Pharmaceutical Quality Auditor||463,000 NGN||+4%|
|Pharmaceutical Regulatory Affairs Assistant||342,000 NGN||-23%|
|Pharmaceutical Regulatory Affairs Specialist||398,000 NGN||-10%|
|Pharmaceutical Research Associate||438,000 NGN||-1%|
|Pharmaceutical Research Scientist||646,000 NGN||+46%|
|Pharmaceutical Researcher||654,000 NGN||+47%|
|Pharmaceutical Sales and Marketing Manager||546,000 NGN||+23%|
|Pharmaceutical Sales Manager||598,000 NGN||+35%|
|Pharmaceutical Sales Representative||291,000 NGN||-34%|
|Pharmaceutical Supply Chain Manager||641,000 NGN||+44%|
|Pharmaceutical Team Leader||466,000 NGN||+5%|
|Pharmaceutical Technologist||329,000 NGN||-26%|
|Pharmacy Aide||278,000 NGN||-37%|
|Pharmacy Manager||601,000 NGN||+35%|
|Pharmacy Stock Controller||259,000 NGN||-42%|
|Pharmacy Technician||245,000 NGN||-45%|
|Records Management Coordinator||236,000 NGN||-47%|
|Shift Encapsulator||268,000 NGN||-40%|
|Staff Pharmacist||413,000 NGN||-7%|
|Benin City||391,000 NGN|
Where can you get paid more, working for a private company or for the government? Public sector employees in Nigeria earn 6% more than their private sector counterparts on average across all sectors.