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About lunacaptain

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  1. Associate owners for SDM are not required to put in any capital of their own. They are essentially a step above manager for that store (or several stores) and are paid a base salary of 120k + a percentage of the pharmacy's revenue. For an independent or a banner such as IDA or Medicine Shoppe, 800k-1.5mm is about what it costs to open one up.
  2. I just got off the phone with Scotiabank and got an emailed offer of the details for UBC Pharmacy: Line of credit up to $175k with all funds being disbursed annually Rate of Prime 1 year grace period Also included in the SPSP program: Free unlimited transaction chequing account with unlimited eTransfers Free Savings account $5k of Overdraft protection on the chequing account $10k worth of credit cards with no annual fees $5k for AMEX Gold https://www.scotiabank.com/ca/en/personal/credit-cards/american-express/gold-card.html $5k
  3. I'm staying in my hometown. Vancouver rent and car insurance is pretty expensive so I'll save some money by staying at home.
  4. The $25000 figure you're referencing is for the PharmD program for practicing pharmacists (for those who want to upgrade from a BSc). UBC actually has the most expensive pharmacy tuition in Canada, followed closely by UofT.
  5. There isn't a physical mailed admission letter, only 2 emailed admission letters: one from the faculty of pharmaceutical sciences and one from the undergraduate admissions office. You can also download the one from the admissions office on the SSC.
  6. The thing is, the OPA, the BC Pharmacy Association and all the other provincial associations (not the Colleges, which regulate the profession) that ostensibly lobby for pharmacists' interests are fairly powerless against nation-wide corporations like SDM, Loblaws, Safeway, etc. In the end it's about the bottom-line. The employer will want to maximize profits and cutting costs is the easiest way. That's just capitalism unfortunately. Nurses and teachers don't work for corporations usually so they have some of the strongest unions and bargaining associations. For hospital pharmacists
  7. I'd like you to give a proper reasoning instead of just stating something so vague.
  8. Yeah I listened to that episode yesterday actually! After reading so much doom and gloom it was surprising to hear that.
  9. I've heard the same thing as well, what my dad said was that Alberta pharmacists have a more advanced scope of practice than Ontario or BC and I'm speculating that the saturation isn't as bad? Slightly higher wages though (43 retail 50 hospital). UofA pharmacy is actually quite competitive, with 900 applicants competing for 138 spots! So in general I think Alberta seems to be a "better" province for pharmacists with better wages, less saturation, more advanced scope of practice. Ontario seems to be the worst province, BC is somewhere in the middle.
  10. Interesting find and calculation. I do agree that 360 openings per year in the entirety of BC is entirely reasonable given the amount of retail pharmacies and hospitals, so theoretically they should be able to comfortably absorb all of the 224 grads per year. Which is why I'm struggling to understand the root of saturation in the market. The only explanations could be that 1) BC licenses vastly more IPGs than locals per year 2) New Pharmacy grads are flocking to BC from other provinces (unlikely) 3) the number of Pharmacy positions are vastly cut and phased out (also unlikely due to numbe
  11. Not sure if this is completely accurate, these are the stats for projected job openings for the lower mainland/southwest: Mainland / Southwest Employment in 2019: 2,820 Average annual employment growth(%) 2019-2029: 0.4% Expected number of job openings 2019-2029: 590 So if UBC graduates 224 students per year, and an estimated 80% of those students want to stay in the lower mainland (so 179), there will be 1790 graduates competing for these 590 jobs over the next 10 years? If the entire province is taken into ac
  12. Interested in this as well, it would be helpful if UBC published employment statistics for Pharm (like they do for law) but they don't.
  13. You can only reach 70k in accounting after you've done your CPA, which in and of itself requires 30 months of work as a staff accountant and two years of part-time study. Starting pay for accountants is absolute crap at 37K or so for big4, which is pretty much the poverty line in major cities. So in the grand scheme of things, Pharm isn't really that bad. Where I live (Victoria) wages are in the 43ish range and saturation isn't as bad. So what I would say to anyone complaining about Pharm: aside from Med/Dent, what mainstream, white-collar profession gets you 80K-90K right out of school? There
  14. I got the formal acceptance letter email from the UBC admissions office at 11:57am. The SSC was updated to admitted at the same time.
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