What Is The Salary Of A Pharmacist

4 November 2024, 1:07 pm IST

Pharmacists play a significant role as these professionals are trained in medicine and are experts in prescribing medications. They are dependable medical professionals who have good knowledge about medicines/drugs. These individuals are highly skilled in prescribing medications to patients as per doctor’s recommendations to treat illnesses and improve the quality of life of patients.

In this post, we will learn more about the job and salary of a pharmacist and the industries where they get hired.

What is the role of a pharmacist and the common industries that hire pharmacists?

As discussed, pharmacists are healthcare professionals who are responsible for prescribing the right medication to patients as per the doctor’s prescription to help them receive the correct treatment. These professionals are skilled in handling and dispensing medications to patients as per their needs and the advice of their physicians.

Salary of a pharmacist

Here are some common industries where pharmacists can work and earn good salaries:

·        Retail medicine industry

·        Healthcare services and hospitals

·        Biotech & Pharmaceuticals

·        Business Consulting

·        Software Development Industry (Digital Pharmacists)

·        Medical Regulatory Departments

·        Research & Development

·        Clinical Operations & Development

Salary of Pharmacists in India 2024

Pharmacists have always been associated with three key work settings including the retail market, hospital pharmacies, and the academic and research wings. However, with the evolving role of pharmacists in the present times, many new opportunities have emerged for these professionals. The salary of a pharmacist depends on the exact job roles and responsibilities performed by these professionals and the industry where they land a job. Let us take a look at the salaries of pharmacists in India as per different categories and criteria.

Salary of Pharmacists in India as per Qualifications/Skills

Pharmacists are well-qualified professionals and qualifications play a crucial role in determining their salaries. Thus, the skills and the degree held by a pharmacist define the work and the corresponding salary of the candidate. Take a look at the salaries of pharmacists below in terms of their qualifications.   

Qualification of Pharmacists’  

Average Salary Per Annum

Diploma holders

Rs 3, 50, 000+

Undergraduate degree

Rs 6, 50, 000+

Postgraduate degree

Rs 10, 00, 000+

PhD in Pharmacy

Rs 15, 00, 000 and above

Salary of Pharmacists in India as per Experience

The salary earned by Pharmacists varies greatly by the years of experience they have. As such, experience is a crucial factor in determining the salary in every profession. With more years of experience, there is a rise in the salary of pharmacists.  Here is a rough estimate of the salary of pharmacists as per experience.  

Experience in Years

Average Salary Per Annum

0 - 3 years

Rs 2, 50, 000

3 - 5 years

Rs 2, 90, 000

5 - 6 years

Rs 3, 00, 000

6 – 7 years

Rs 4, 40, 000

7+ years

Rs 5, 00, 000 and above

Salary of Pharmacists in India as per Specialization/Designation

As per the job profile and specialization of pharmacists, the salaries may also differ. Pharmacists have to fulfill different roles and responsibilities depending on their job role and the department. Hence, the average pay of a pharmacist depends on their specialization.

Salary of Pharmacists as Per Specialization/Designation

Average Salary Per Annum

Pharmacy Assistant

Rs 2, 10, 000

Pharmacy Technician

Rs 4, 30, 000

Hospital Pharmacist

Rs 2, 50, 000

Executive Pharmacist

Rs 2, 90, 000

Clinic Manager

Rs 5, 30, 000

Clinic Research Coordinator

Rs 2, 70, 000

Chemical Pathologist

Rs 12, 10, 000

Pharmacy Manager

Rs 5, 50, 000

Pharmacy Consultant

Rs 15, 80, 000

Clinical Pharmacist

Rs 3, 00, 000

Salary of Pharmacists in India as per City/Location

The salary of pharmacists also depends on the location of their jobs. Big metropolitan cities pay higher salaries to pharmacists compared to the payments offered in small cities. This is mainly because the cost of living in these cities is much higher than in small cities.  

City/Location

Average Salary Per Annum

Mumbai

Rs 2, 70, 000         

Bangalore

Rs 2, 90, 000   

Delhi

Rs 2, 50, 000         

Chennai

Rs 2, 60, 000

Pune

Rs 2, 80, 000      

Kolkata

Rs 2, 70, 000 

Jaipur

Rs 2, 40, 000

Salary of Pharmacists in India as per Company

Pharmacists play a crucial role in the medical industry. These professionals get hired by big pharmaceutical companies that manufacture different types of drugs or medicines. Pharmacists help these medicines reach the market. Hence, their salaries depend on the company they work in. The bigger the company, the more the salary they offer. Thus, depending on the job description and the company, the salary of pharmacists varies: 

Company

Average Salary Per Annum

Cipla

Rs 3, 30, 000

Dr. Reddy’s Laboratories

Rs 3, 70, 000

Sun Pharmaceuticals

Rs 2, 90, 000

Glenmark Pharmaceuticals

Rs 3, 30, 000

Abbott India

Rs 3, 80, 000

Wockhardt

Rs 2, 50, 000

Source: AmbitionBox

Note: These salary figures given above are for reference purposes and may vary depending on various factors

Conclusion

Pharmacists require different skills to grow in their careers. Analytical skills, clinical research, inventory management, and interpersonal skills are some important expertise that aspirants interested in shaping a career in pharmacy require. To acquire all these skills, one has to pursue the needed educational qualification. If you are looking for online programs and courses in pharmacy you can choose the varied UG, PG, and certification programs on Pharmacy offered by Amity Online. To learn more, refer to the Amity Online portal.

Check Out Our Top Online Degree Programs

UG ProgramsPG Programs
BBA (Bachelor of Business Administration)MBA (Master of Business Administration)
BCA (Bachelor of Computer Application)MCA (Master of Computer Application)
Bcom (Bachelor of Commerce)MA (Master of Arts Public, Policy and Governance)
BA (Bachelor Of Arts)Mcom with Financial Management
BAJMC Bachelor Of Arts (Journalism and Mass Communication)MAJMC Master Of Arts (Journalism and Mass Communication)
Bachelor of Arts In HindiMaster Of Arts in Psychology

Siddharth

Author


Tags :Latest

Similar Blogs

Nov 21 2024
How to Build a Global Career with an Online Degree
Nov 21 2024
Why Online Learning Is the Future of Higher Education
Nov 21 2024
How to Choose the Best Online Degree for Your Career Goals

Frequently Asked Questions

What is the salary of a pharmacist on average?

A pharmacist in India earns a salary between Rs 1 lakh to Rs 4 lakh at the entry-level with an average salary of Rs. 2.7 lakh per annum. On the other hand, a Pharmacy Assistant's salary in India ranges between Rs 0.2 lakhs to Rs 5.0 lakhs with an average salary of Rs 2.5 Lakhs per annum, as per AmbitionBox.

Does experience affect the salary of a pharmacist?

Yes, with experience the salary of a pharmacist increases.

Are there differences in salary based on the type of pharmacy practice?

Yes, differences in salary can be seen based on the type of your pharmacy practice. Moreover, many other factors like job position, location of office, experience, etc. also contribute to the salary of a pharmacist.

What is the salary range for a pharmacist in different countries?

The top countries in the world where pharmacists are paid high salaries are the USA, Canada, Switzerland, the UK, and Germany. The range of salary again differs based on qualification, experience, company, and location among others.

Do pharmacists receive additional benefits apart from salary?

Yes, pharmacists can run a pharmacy to earn extra income or they can offer consulting services to earn some extra.

How does the location affect a pharmacist's salary?

Location does affect the annual salary of pharmacists. Since the cost of living in metro cities is higher, companies pay competitive salaries in large cities compared to smaller cities and towns.

Can pharmacists increase their salary through further education or certification?

Yes, the additional certifications pursued for becoming a pharmacist can significantly impact a pharmacist's annual salary by creating a roadmap for the future