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Pharmacy is one of the faster-growing industries in the healthcare sector and bein one of the key elements for maintaining the sector, a need for specialists in the field are required. After graduating from one of the many M.Pharm courses offered in India, the career scope and future prospects are immense and lucrative.
Like various healthcare industries, pharmacy requires skills and qualified specialists, who have in-depth knowledge and understanding of different fields of Pharmacy. Some of the prominent areas of specialisations where M.Pharm graduates are recruited include pharmaceutics, oncology pharmacy, pharmaceutical chemistry, psychiatry pharmacy, infectious diseases pharmaceutics, pharmacognosy, and many more.
In this article, we shall talk about the different job profiles, areas of specialisations, areas and sectors of employment, as well as the average initial salary, offered to M.Pharm graduates.
Master of Pharmacy (M.Pharm)
M.Pharm is a 2-year postgraduate programme offered across M.Pharm colleges in India, where aspirants are able to pursue higher education in one of the specialisations of Pharmacy. B. Pharm graduates who wish to pursue a higher and specialisation education in the field can choose one of the following pharmacy specialisations that offer a lucrative career scope and future prospects:
M.Pharm in Biotechnology
M.Pharm in Pharmaceutical Analysis and Quality Assurance
M.Pharm in Pharmacology
M.Pharm in Medicinal Chemistry
M.Pharm in Industrial Pharmacy
M.Pharm in Regulatory Affairs
M.Pharm in Pharmacognosy
M.Pharm in Pharmaceutics
The specialisations that have been mentioned above are just some of the specialisations on offer in the pharmacy colleges of India. For those aspiring to build a specialisation-based career in pharmacy, they are advised to pursue any one of the different specialisations available.
Higher Education Prospects
While it may seem a stretch, but M.Pharm graduates will also be able to pursue higher education if they are interested to do so. While there are limited options with regards to the courses which can be pursued by an M.Pharm graduate, higher education has the capability to enhance a graduates chances of grabbing a lucrative career path as well. Here are some of the options that are available to an M.Pharm graduate:
Doctoral Degree (PhD) in Pharmacy or a Pharmacy specialisation: Aspirants who are interested in furthering their academic standing can pursue a PhD programme. Those interested in research and studying the different aspects of Pharmacy or just wish to add to the sea of information can pursue doctoral studies. With their knowledge and understanding of the different subjects of pharmacy, graduates will be able to grab lucrative positions in various pharmaceutical companies and organisations.
MBA / PGDM: For those interested in pursuing a managerial career path in the field of Pharmacy can choose to pursue an MBA or PGDM programme. While it may seem unnecessary, pursuing a valid MBA or PGDM programme will improve one’s chances of being recruited to a managerial position.
LLB: Another valuable option available to the graduates include pursuing a law programme. This option is valid for those interested in legal aspects of the industry. With their knowledge of the pharmaceutical industry, graduates will stand a better chance of being employed as a corporate lawyer for a pharmaceutical company.
Career Prospects of M.Pharm
While pursuing higher education can improve the chances of grabbing a lucrative job profile, the career prospects of M.Pharm graduates are equally impressive. Graduates of M.Pharm will be able to pursue a lucrative career path in their field of specialisation due to the lack of specialised professionals who are skilled and qualified to intricacies of the field. Here are some of the job profiles and areas of employment available to an M.Pharm graduate.
Area of Employment/Job Profile
Drug and Quality Control
These are just some of the popular job profiles that are offered to M.Pharm graduates along with many others. While these are popular and lucrative career paths to choose from, the packages and the career scope also depends on various other factors including the area of employment, the reputation of the college or institute that awarded the degree, etc. Here are some of the areas and sectors of employment where an M.Pharm graduate will be able to pursue a career in pharmacy.
Sector of Employment
As has been mentioned in the table above, M.Pharm graduates will be able to pursue a career in the field of their specialisation, mostly in the private sector. While the initial salaries offered to the graduates may seem low, in comparison to that of a Government Sector job, with proper skill, experience and knowledge, an M.Pharm graduate will be able to build a successful and profitable career. Check out some of the top companies for M.Pharm graduates in India.
Aurobindo Pharma Limited
Sun Pharmaceutical Industries Limited
Dr Reddy’s Laboratories
Glenmark Pharma Limited
Torrent Pharmaceuticals Limited
Abbott India Limited
Divis Laboratories Limited
While these are among the top pharmaceutical companies in India currently, there are thousands of equally reputable and recognised organisations and pharmaceutical industries across India in requirement of skilled and qualified specialists in the field of pharmacy. As mentioned above, the initial salary of a candidate may differ depending on various factors such as specialisation chosen, the company you are enrolled in, the reputation of the degree awarded to the candidate along with the existing skills and qualifications of the candidate along with other factors.
Top M.Pharm Colleges in India 2020
Some of the Top M.Pharm colleges in India are listed below:-
Name of the College
Approximate Annual Fees
Visakhapatnam, Andhra Pradesh
New Delhi, Delhi
Visakhapatnam, Andhra Pradesh
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