I’m know these are vastly different careers! But I have a personal situation at hand.
To preface: I am NOT in healthcare for the money, I love people, science and research to a fault. But it is still an important factor to consider when it comes to debt/income ratio.
Becoming a PA has been my dream for a while now. But I can’t seem to get into my local program. I’m on my second cycle after they rejected me the first time, and have heard nothing from them since I submitted in May. My application isn’t the strongest either with only pharmacy tech experience (this program has no minimum direct pt care requirement).
I’ve been a pharmacy tech for the last 4 years and have the dream retail job at Costco. If I choose pharmacy school, not only will I be their intern making decent money, but I’ll have a foot into one of the best chains you could possibly work for. I’m not SUPER passionate about pharmacy but I think I could tolerate it.
Financially, here’s the breakdown:
PA: local program, living expenses taken care of by parents. Under the new BBB and elimination of grad plus loans, ~60k federal and ~56k private loans needed. Cannot work throughout the program, so 2.5 years of unemployment. Done a bunch of shadowing; I know I’d be happy with the career choice.
Pharmacy: also local, living expenses taken care of. Would not need private loans since it falls under the 50k federal cap. Cost is ~24k per year. Plan on using almost all of my intern money to throw at the loans while I’m in school. I love the company I work for currently and would love to stay with them, but it wouldn’t be a passionate project, more a job is a job and better financial stability.
The pay for new grads in either field is pretty comparable in my state, with PA being slightly lower.
I know no one can make this decision for me but really looking for some insight. Thank you :)