Pharmacy Career Scope: Jobs, Placements, Salary 2024, Top Recruiters
Pharmacy is a constantly evolving profession, and areas of career scopes continue to grow enormously. A pharmacist is severely in high demand as the health sector is continuously widening and innovating in its scope. The role of a pharmacist and its importance in making a significant improvement in patient outcomes, drug development, and overall health system efficiency attracts such caliber. This article is going to show you the scope of pharmacy, appropriate job roles and placements, salary, and top recruiters in 2024 for Indian students and professionals.
Pharmacy Jobs: Fast Facts
- Industry Outlook: The pharmaceutical industry in India grows at 10-12% per annum and reaches a market size of $130 billion(Rs.130000000000) by 2030.
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Top Careers: Clinical Pharmacists, Research Analysts, Regulatory Affairs Specialists, Production Managers, Medical Writers.
- Average Salary at the Entry Level: ?3 LPA - ?5 LPA, as per the various job roles and the location.
- Higher Education: M. Pharm, Pharm.D, MBA in Pharmaceutical Management
The future never opens up to more possibilities than in pharmacy graduates. Some of the top careers in this field include are as follows:
1.Clinical Pharmacist
- Job Description: Clinical pharmacists ensure the safe and effective use of medicines in hospitals and healthcare facilities. They collaborate with healthcare teams to find the best possible treatments for their patients.
- Pay Scale: ?4 LPA - ?8 LPA.
- Skills Required: Full knowledge of drugs, excellent communication and problem-solving skills.
2. Regulatory Affairs Specialist
- Job Description: Regulatory experts ensure that drugs produced, market and distribute it as laid down in the various rules and regulations of the authorities. They liaise with government agencies to get clearances for the production and distribution of drugs.
- Pay Scale: ?6 LPA - ?14 LPA.
- Skills Required: Knowledge of laws and regulations, ability to pay attention to detail, excellent communication skills.
3. Production Manager
- Job Description: It mainly deals with the process of manufacturing pharmaceutical products on which good quality has to be ensured, and also people working for the production of drugs.
- Pay Scale: ?5 LPA- ?12 LPA.
- Skills Required: Leadership, time management, and quality assurance.
4. Medical Writer
- Job Description: Medical writers are typically responsible for scientific papers, research reports, regulatory submissions, and educational material. A bright career for those who like writing and have an excellent command over scientific terminologies.
- Pay Scale: ?3 LPA - ?7 LPA.
- Skills Required: Writing, medicine and pharmaceutical knowledge.
5. Drug Inspector
- Job Description:Drug inspectors monitor the quality of drugs during the time of production and ensure that they hit the market with standard legal compliance.
- Pay Scale: ?6 LPA-?10 LPA
- Skills Required: Knowledge of drug laws and an eye for detail with analytical skills.
Emerging Trends in Pharmacy
The Pharmacy world is constantly changing, and one has to update himself/herself by recent market trends for further potential developments. Some of the emerging pharmacy trends are as follows:
- Pharmacogenomics: This would be the study of the interaction of genetics and drug response, thereby leading to tailored medicine. Pharmacists specialising in this area can also customise treatments based on genetic data.
- Telepharmacy: This age of telepharmacy is highly globalised, especially during the COVID-19 period. This culture allows pharmacists to consult patients and monitor the usage of medications from a distance.
- Biopharmaceuticals: The increasing research on biologics and biosimilars has triggered demands for the specialised pharmacy professionals in the area.
- Artificial Intelligence: AI-based technologies transform drug discovery, patient management, and even dispensing of drugs. Hence, AI-related pharmacy graduates are surely going to have interesting job opportunities in this domain.
Pharmacy Scope in India: Jobs, Salary, and Further Education
India has a healthy pharmaceutical market, offering several prospects of getting good employment for pharmacy graduates in various sectors of the economy.
Career Scope
There are many scopes for these pharmacy professionals regarding job opportunities in several sectors such as hospitals, community pharmacies, pharmaceutical manufacturing companies, R&D, regulatory agencies, and academia.
Average Salary
- This compensation plan for the fresher levels begins from the range of ?3 LPA to ?5 LPA. Along with this, more years of experience and higher qualification enhance the salary amount.
- Mid Level: The mid-level professionals, who carry around 5-10 years of experience under their belt, can receive within the range of ?8 LPA to ?12 LPA.
- Executive Level: For Production Head, Regulatory Affairs Manager, and R&D Director, salary would be between ?15 LPA and above.
Specialised Courses
Those pharmacy graduates who wish to specialise in the field or pursue research can opt for one of the following specialised courses:
- M. Pharm: It is a postgraduate course where focus areas include pharmacology, pharmaceutics, pharmaceutical chemistry, and clinical pharmacy
- Pharm. D: Pharm. D is an integrated six-year course containing clinical pharmacy, patient care, and drug administration.
- MBA in Pharmaceutical Management: Students may take up the course if they want to perform managerial or administrative functions in the pharmaceutical industry.
- Certification and Diploma Courses: Various short-term courses such as drug regulatory affairs, clinical research, and quality control undertaken by pharmaceutical graduates.
Pharmacy Top Recruiters in India
Most of the established companies functioning in the Indian pharmaceutical industry recruit pharmacy graduates. Some of the top recruiters are:
- Cipla
- Dr. Reddy's Laboratories
- Sun Pharmaceuticals
- Biocon
- Pfizer
- Aurobindo Pharma
- Lupin
- Glenmark Pharmaceuticals
- Zydus Cadila
- Novartis India
They offer profiles for R&D, quality control, manufacture, sales and marketing, and regulatory affairs.
Top Pharmacy Colleges with Placement
There are many good pharmacy colleges in India with good placements. Here are a few top colleges with good pharmacy placements.
- Jamia Hamdard, New Delhi
- National Institute of Pharmaceutical Education and Research (NIPER), Mohali
- Manipal College of Pharmaceutical Sciences, Manipal
Conclusion
Pharmacy is a very large section of the profession in India, where, besides attractive salary packages, an individual has many different types of careers at his or her disposal, and above all, people have a scope to grow while studying further. Pharmaceutical technology and healthcare are up-gradation areas that excite many people and make them an excellent time to build their careers in pharmacy. Keep yourselves updated with the trends of the industry, seek further education if required, and align with emerging opportunities so you can take abundant advantage of this thriving field.
Frequently Asked Questions(FAQs)
Q. Evolving trends in Pharmacy?
Pharmacogenomics, Telepharmacy, Biopharmaceuticals, and Artificial Intelligence will be integrated into drug discovery and management of patients; opportunities in growth areas include exciting and challenging chances in the next coming years.
Q. Which companies recruit maximum no. of pharmacy graduates in India?
The major recruiters are Cipla, Dr. Reddy's Laboratories, Sun Pharmaceuticals, Biocon, Pfizer, and Novartis India, etc. All these companies recruit people for various aspects such as R&D, production, quality control, regulatory affairs and sales etc.
Q. What higher education options are available for pharmacy graduates?
Postgraduate courses: M. Pharm, Pharm. D, or MBA in Pharmaceutical Management, etc. Diploma and certificate courses are also taken up in clinical research, regulatory affairs, or quality control, etc.
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