A fellowship is a directed, highly individualized, postgraduate program designed to prepare the participant to become an independent researcher. Fellowships primarily develop competency in the scientific research process including conceptualizing, conducting, and reporting research. It is highly individualized learning experience that utilizes research interests as the focus of education and training offered in the program. Fellowships are intended for those planning research-oriented careers. Pharmacy practice residencies typically focus on acute care, ambulatory are, drug information, drug-use policy development and practice management.
Specialized residencies are programs that provide training in a focused area of pharmacy practice.
Specialty residencies build upon the fundamental practice skills developed during a pharmacy practice residency and are typically undertaken following the completion of a pharmacy practice residency. Residencies are typically one-year commitments. Most residencies start in July, however, some do start in September and January. The salary can vary depending on the type of institution, location and cost of living. Most programs include healthcare benefits, vacation, and educational allowances.