Basic Pay

• Army pharmacists are officers, and so they receive the base pay that all Army officers receive based on their rank and number of years in service. Most medical professionals pin on the rank of captain almost immediately upon entering the service as a practicing pharmacist. As such, captains earn a base pay of $3,711.90 per month with less than two years of service, and can move up from there based on promotions and experience.
  
  

Basic Allowance for Housing

• In addition to your base pay, you can also expect to receive BAH, or basic allowance for housing. This non-taxable allowance is based on whether you have dependents and the living expenses for the area in which you are stationed. The more expensive the area, the higher your BAH allowance will be. For a captain, your BAH can be anywhere from $912 in Caribou, Maine, to more than $2,900 for a duty station in Honolulu County, Hawaii.
  
  

Medical Incentive Pay

• As a medical professional, the Army will pay you an additional amount based on your experience and education as a pharmacist. Military medical special pay ranges from $2,500 to $6,000 per month depending on your experience. Medical professionals can also qualify for bonuses of $12,000 or more for agreeing to extend their service obligations for one year.
  
  

Student Loan Repayment

• The Army offers a generous student loan repayment program for those officers who serve out their full commitments. Specifically, the Army will help you repay up to $120,000 in student loans. With the high costs of attending medical/pharmacy school, this can be an important incentive for recent graduates.