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Pharmacy Manager Average Salary in Germany 2020

How much money does a Pharmacy Manager make in Germany?


Average Monthly Salary
17,800 EUR
( 213,000 EUR yearly)

LOW
8,170
EUR
AVERAGE
17,800
EUR
HIGH
28,200
EUR

A person working as a Pharmacy Manager in Germany typically earns around 17,800 EUR per month. Salaries range from 8,170 EUR (lowest) to 28,200 EUR (highest).

This is the average monthly salary including housing, transport, and other benefits. Pharmacy Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Pharmacy Manager Salary Distribution in Germany

Median and salary distribution monthly Germany Pharmacy Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Pharmacy Manager salaries in Germany range from 8,170 EUR per month (minimum salary) to 28,200 EUR per month (maximum salary).

  • Median Salary

    The median salary is 19,200 EUR per month, which means that half (50%) of people working as Pharmacy Manager(s) are earning less than 19,200 EUR while the other half are earning more than 19,200 EUR. 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.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Pharmacy Manager(s) are earning less than 12,300 EUR while 75% of them are earning more than 12,300 EUR. Also from the diagram, 75% of Pharmacy Manager(s) are earning less than 25,600 EUR while 25% are earning more than 25,600 EUR.


What is the difference between the median and the average salary?

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

Pharmacy Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Germany Pharmacy Manager
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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 Pharmacy Manager salaries by experience level and this is what we found.

A Pharmacy Manager with less than two years of experience makes approximately 9,270 EUR per month.

While someone with an experience level between two and five years is expected to earn 12,400 EUR per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 18,300 EUR per month, 48% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Pharmacy Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 22,300 EUR per month, 22% 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 24,300 EUR 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 26,300 EUR per month, 8% more than people with fifteen to twenty years of experience.


Pharmacy Manager average salary change by experience in Germany

0 - 2 Years
9,270 EUR
2 - 5 Years+34%
12,400 EUR
5 - 10 Years+48%
18,300 EUR
10 - 15 Years+22%
22,300 EUR
15 - 20 Years+9%
24,300 EUR
20+ Years+8%
26,300 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Pharmacy Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Pharmacy Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Germany Pharmacy Manager
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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 Pharmacy Manager salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Pharmacy Manager is 10,800 EUR per month.

While someone with a Master's Degree gets a salary of 20,800 EUR per month, 93% more than someone having a Bachelor's Degree degree.


Pharmacy Manager average salary difference by education level in Germany

Bachelor's Degree
10,800 EUR
Master's Degree+93%
20,800 EUR
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Germany costs anywhere from 59,400 Euro(s) to 178,000 Euro(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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Pharmacy Manager Salary Comparison By Gender

Salary comparison by gender monthly Germany Pharmacy Manager
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Pharmacy Manager employees in Germany earn 7% more than their female counterparts.

Female
17,100 EUR
Male+7%
18,400 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Germany for all Careers

Salary comparison by gender monthly Germany
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Pharmacy Manager Average Annual Salary Increment Percentage in Germany

How much are annual salary increments in Germany for Pharmacy Manager(s)? How often do employees get salary raises?

Pharmacy Manager

Pharmacy Manager(s) in Germany are likely to observe a salary increase of approximately 12% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Germany Pharmacy Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Germany / All Professions

Annual Salary Increment Rate Germany
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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.

How to calculate the salary increment percentage?

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

The average salary increase in one year (12 months) in Germany is 6%.

Annual Increment Rate By Industry 2019

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Listed above are the average annual increase rates for each industry in Germany for the year 2019. 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.


Worldwide Salary Raises: All Countries and All Jobs

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Pharmacy Manager Bonus and Incentive Rates in Germany

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Germany Pharmacy Manager
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A Pharmacy Manager is considered to be a high 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.

13% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 87% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
87%
No Bonus
13%

Types of Bonuses Considered

Individual Performance-Based Bonuses

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.

Bonuses Are Not Commissions!

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.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting 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.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Germany
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Where can you get paid more, working for a private company or for the government? Public sector Pharmacy Manager employees in Germany earn 5% more than their private sector counterparts.

Private Sector
11,600 EUR
Public Sector+5%
12,100 EUR
Percentage increase and decrease are relative to the previous value

Pharmacy Manager Salary Trend and Forecast in Germany

How are Pharmacy Manager salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Germany Pharmacy Manager
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Average Salary 2016
15,400 EUR
Average Salary 2017+4%
15,900 EUR
Average Salary 2018+4%
16,500 EUR
Average Salary 2019+4%
17,100 EUR
Percentage increase and decrease are relative to the previous value

Pharmacy Manager salaries in Germany are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Pharmacy Manager Average Hourly Wage in Germany


100 EUR per hour

The average hourly wage (pay per hour) in Germany is 100 EUR. This means that the average Pharmacy Manager in Germany earns approximately 100 EUR for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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.

Pharmacy Manager VS Other Jobs

Salary Comparison Between Pharmacy Manager and Pharmaceutical and Biotechnology monthly Germany
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The average salary for Pharmacy Manager is 40% more than that of Pharmaceutical and Biotechnology. Also, Pharmaceutical and Biotechnology salaries are 7% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Assistant Pharmacist9,480 EUR-47%
Assistant Pharmacy Director17,900 EUR+1%
Associate Medical Affairs Director16,100 EUR-9%
Bioinformatics Scientist15,500 EUR-13%
Bioinformatics Technician10,200 EUR-43%
Biological Scientist16,300 EUR-8%
Biological Technician10,700 EUR-40%
Biomedical Engineer9,560 EUR-46%
Biomedical Engineering Director13,600 EUR-23%
Biostatistician11,400 EUR-36%
Biotechnologist 11,100 EUR-37%
Biotechnology Lead Data Manager9,990 EUR-44%
Chemical Process Technician10,000 EUR-44%
Clinical Consultant12,100 EUR-32%
Clinical Data Manager13,300 EUR-25%
Clinical Data Specialist11,400 EUR-36%
Clinical Operations Manager13,500 EUR-24%
Clinical Pharmacist12,700 EUR-28%
Clinical Pharmacy Specialist13,900 EUR-22%
Clinical Programmer7,920 EUR-55%
Clinical Project Manager11,500 EUR-35%
Clinical Research Associate11,200 EUR-37%
Clinical Research Manager13,400 EUR-25%
Clinical Study Manager14,500 EUR-18%
Compliance Specialist12,700 EUR-28%
Cytology Laboratory Technologist10,500 EUR-41%
Cytotechnologist10,300 EUR-42%
GCP Auditor11,800 EUR-34%
Hospital Pharmacy Technician11,500 EUR-35%
Manufacturing Engineer11,000 EUR-38%
Medical Affairs Director16,000 EUR-10%
Medical Representative 9,080 EUR-49%
Medical Science Liaison12,200 EUR-31%
Molecular and Cellular Biologist12,700 EUR-28%
Nuclear Pharmacist1,560 EUR-91%
Pharmaceutical Manufacturing Lead18,900 EUR+6%
Pharmaceutical Operations Excellence Manager16,500 EUR-7%
Pharmaceutical Process Engineer12,000 EUR-32%
Pharmaceutical Production Assistant Manager11,700 EUR-34%
Pharmaceutical Quality Auditor13,200 EUR-26%
Pharmaceutical Regulatory Affairs Assistant9,900 EUR-44%
Pharmaceutical Regulatory Affairs Specialist10,600 EUR-40%
Pharmaceutical Research Associate12,900 EUR-27%
Pharmaceutical Research Scientist15,400 EUR-13%
Pharmaceutical Researcher15,800 EUR-11%
Pharmaceutical Sales and Marketing Manager15,400 EUR-13%
Pharmaceutical Sales Manager16,400 EUR-8%
Pharmaceutical Sales Representative8,510 EUR-52%
Pharmaceutical Supply Chain Manager14,000 EUR-21%
Pharmaceutical Team Leader12,700 EUR-28%
Pharmaceutical Technologist9,660 EUR-46%
Pharmacist12,500 EUR-30%
Pharmacy Aide9,970 EUR-44%
Pharmacy Manager17,800 EUR+0%
Pharmacy Stock Controller8,340 EUR-53%
Pharmacy Technician8,890 EUR-50%
Records Management Coordinator7,610 EUR-57%
Shift Encapsulator8,580 EUR-52%
Staff Pharmacist12,500 EUR-30%

Salary Comparison By City

CityAverage Salary
Berlin20,400 EUR
Bremen18,300 EUR
Dortmund18,300 EUR
Dresden16,900 EUR
Dusseldorf19,600 EUR
Essen18,900 EUR
Frankfurt20,400 EUR
Hamburg19,900 EUR
Hannover16,700 EUR
Koln18,900 EUR
Leipzig17,400 EUR
Munchen19,400 EUR
Nurnberg16,100 EUR
Stuttgart19,500 EUR
4567 - 3

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