Medication Therapy Specialist Salary in New Jersey

Annual Median: $131,190
Hourly Median: $63.07

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Annual and Hourly Medication Therapy Specialist undefined, New Jersey Salary Table:

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
PercentileAnnual SalaryHourly Wage
10th$105,710$50.82
25th$124,660$59.93
Median$131,190$63.07
75th$148,470$71.38
90th$160,620$77.22

Best Schools to become a Medication Therapy Specialist in New Jersey 2024

Rutgers University-New Brunswick

New Brunswick, NJ

In-State Tuition:$12,900
Out-of-State Tuition:$30,600
Admission Rate:66%
Graduation Rate:84%
Total Enrollment:50,637

Fairleigh Dickinson University-Florham Campus

Madison, NJ

In-State Tuition:$38,811
Out-of-State Tuition:$38,811
Admission Rate:89%
Graduation Rate:61%
Total Enrollment:2,823

New Jersey Institute of Technology

Newark, NJ

In-State Tuition:$15,198
Out-of-State Tuition:$31,658
Admission Rate:66%
Graduation Rate:74%
Total Enrollment:12,332

Stevens Institute of Technology

Hoboken, NJ

In-State Tuition:$56,424
Out-of-State Tuition:$56,424
Admission Rate:46%
Graduation Rate:88%
Total Enrollment:9,314

Montclair State University

Montclair, NJ

In-State Tuition:$12,755
Out-of-State Tuition:$21,465
Admission Rate:91%
Graduation Rate:65%
Total Enrollment:21,784

Medication Therapy Specialist Salary in New Jersey FAQs

  • What factors influence the salary of a Medication Therapy Specialist in New Jersey?
    Several factors impact the salary of a Medication Therapy Specialist, such as your level of education, years of experience, the specific healthcare setting you work in (hospital, clinic, or pharmacy), and any additional certifications you hold. Geographic location within New Jersey can also play a role, as salaries may vary between urban and rural areas.

  • Is there demand for Medication Therapy Specialists in New Jersey?
    Yes, there is a growing demand for Medication Therapy Specialists in New Jersey. With the increasing focus on medication management and patient safety, healthcare organizations are recognizing the importance of these specialists in improving patient outcomes and controlling healthcare costs.

  • How does experience affect earning potential for Medication Therapy Specialists?
    Typically, as you gain more experience in the field, your earning potential increases. Entry-level Medication Therapy Specialists may start at a lower salary, but with years of service, additional responsibilities, and the development of specialized skills, you can expect your salary to rise.

  • Do Medication Therapy Specialists receive benefits in addition to their salary?
    Yes, many Medication Therapy Specialists receive a comprehensive benefits package that may include health insurance, retirement plans, paid time off, and professional development opportunities. The specific benefits can vary by employer and can significantly enhance your overall compensation.

  • Are there opportunities for advancement in this field?
    There are several avenues for professional advancement as a Medication Therapy Specialist. You may pursue additional certifications, leadership roles, or specialized positions within a particular area of pharmacotherapy, which can lead to higher salaries and increased responsibilities.

  • What role does certification play in salary prospects?
    Obtaining certification as a Medication Therapy Specialist can enhance your credibility and skill set, making you more competitive in the job market. Certification often corresponds with higher salaries due to the specialized knowledge and expertise you bring to the role.

  • How does working in a specialized field impact salary?
    If you decide to focus on a specialized area of medication therapy, such as oncology or geriatrics, you may have the opportunity to earn a higher salary. Specialization can lead to increased demand for your expertise and the potential for more complex and rewarding responsibilities.

  • What other financial incentives might be available for Medication Therapy Specialists?
    Some employers offer financial incentives such as bonuses for meeting certain performance metrics, shift differentials for working evenings or weekends, and reimbursement for continuing education. These additional incentives can enhance your overall compensation package.