Learn how much you can earn as a pharmacist based on experience, industry, and location.
Pharmacists are highly trained medical professionals who deeply understand pharmaceutical drugs and their interaction with human biology. They play a critical role in India’s continually evolving health care system. They offer the promise of a dynamic career, providing care and promoting the safe use of various medications. Whether providing patients with medication at a local pharmacy or working alongside physicians in an outpatient clinic, pharmacists are well-rewarded for their unique skill set, knowledge, and expertise.
In this article, you’ll learn more about what you can expect to make as a pharmacist, how different factors may impact your salary expectations, and explore online courses that can help you prepare for a future career in the field.
According to November 2024 data from salary aggregate sites, the average pharmacist salary in India ranges from ₹2,00,000 to ₹2,95,533 annually. The median annual salary you can expect to earn as a pharmacist is as follows [1, 2, 3, 4, 5]:
Glassdoor | Indeed | AmbitionBox | Payscale | Talent |
---|---|---|---|---|
₹2,00,000 | ₹2,11,689 | ₹2,70,000 | ₹2,95,533 | ₹2,61,667 |
While it’s helpful to understand the average from several points of view, the precise wages you can expect will depend on various factors, including your experience, skills, and geographic location. Explore these factors in more detail to better understand what you can expect to earn in this impactful health care profession.
Overall job growth should remain steady.
According to Statista data, India's pharmacy market will grow at a compound annual growth rate of 4.92 percent from 2024 through 2029 [6]. The industry aims to grow to USD 130 billion by 2030 as the country strives to accelerate its ability to provide affordable access to health care and quality medications [7]. These data points suggest sustained growth for years to come.
Your work experience can significantly impact how much you earn as a pharmacist. According to Payscale, the total page, which includes overtime, tips, bonuses, and other additional compensation, is as follows based on your years of experience [4]:
Less than a year: ₹2,51,181
1–4 years: ₹2,77,983
5–9 years: ₹3,05,036
10–19 years: ₹3,08,776
20 or more years: ₹3,96,143
Your skill set can also impact how much you earn as a pharmacist. If obtaining a higher salary is particularly important, consider building a robust array of skills. Check out the following list of in-demand capabilities and the percentage by which they can increase your earning potential [4]:
Quality assurance/control: 52 percent
Oncology: 22 percent
Clinical research: 18 percent
Operations management: 17 percent
Long-term care: 10 percent
Where you live and work can impact how much you can earn as a pharmacist.
While dense cities tend to have higher costs of living and higher salaries, less populated regions often have lower costs of living and lower wages due to lower demand. Furthermore, local market conditions, such as the number of qualified, local professionals performing the same job, can also affect how much you can expect to earn in your position.
To help you better understand how much you can make in different regions, review the average pay pharmacists earn in nine different cities within India, according to Indeed India’s November 2024 data [2]:
Location | Average pay |
---|---|
Gurgaon, Haryana | ₹3,51,411 |
Bengaluru, Karnataka | ₹2,86,012 |
Mumbai, Maharashtra | ₹2,84,407 |
Hyderabad, Telangana | ₹2,53,808 |
Kolkata, West Bengal | ₹2,43,633 |
Jaipur, Rajasthan | ₹2,21,321 |
Thane, Maharashtra | ₹2,31,097 |
Pune, Maharashtra | ₹2,14,975 |
Ahmedabad, Gujarat | ₹2,22,180 |
Pharmacists are highly trained medical professionals with deep knowledge of medication and how it interacts with the human body. In this position, you can work in a wide range of health care environments and have transferable skills that can be applied in numerous positions. For example:
Pharmaceutical sales: ₹6,00,000 [8]
Pharmaceutical analyst: ₹6,35,000 [9]
Pharmacy technician: ₹2,40,000 [10]
Toxicologist: ₹8,23,500 [11]
As a pharmacist, you could work in many settings, from hospitals and community settings to industrial research or academics. The industry offers a broad scope, with many specialities to choose from, strong earning power, high demand, and the opportunity to contribute to one of the world’s largest pharmaceutical markets.
Start preparing for your career as a pharmacist by taking a cost-effective online course on Coursera to explore the field, build foundational knowledge, and expand your skills. For example, with UC San Diego’s Drug Development Management Specialisation, you’ll familiarise yourself with drug discovery, drug development, and drug commercialisation used by pharmaceutical companies today. Consider the University of Geneva’s Drugs, Drug Use, Drug Policy, and Health to understand global drug use and drug policies better.
Glassdoor India. “Pharmacist salaries in India, https://www.glassdoor.co.in/Salaries/pharmacist-salary-SRCH_KO0,10.htm.” Accessed 19 November 2024.
Indeed. “Pharmacist salary in India, https://in.indeed.com/career/pharmacist/salaries.” Accessed 19 November 2024.
AmbitionBox. “Pharmacist, https://www.ambitionbox.com/profile/pharmacist-salary.” Accessed 19 November 2024.
Payscale. “Average Pharmacist Salary in India, https://www.payscale.com/research/IN/Job=Pharmacist/Salary.” Accessed 19 November 2024.
Talent. “Pharmacist average salary in India, 2024, https://in.talent.com/salary?job=pharmacist.” Accessed 19 November 2024.
Statista. “Pharmacies—India, https://www.statista.com/outlook/hmo/pharmacies/india.” Accessed 19 November 2024.
EY. “Pharma and healthcare for India@100: a century of change on the horizon, https://www.ey.com/en_in/insights/health/pharma-and-healthcare-for-india-100-a-century-of-change-on-the-horizon.” Accessed 19 November 2024.
Glassdoor India. “Pharmaceutical Sales Salaries in India, https://www.glassdoor.co.in/Salaries/india-pharmaceutical-sales-salary-SRCH_IL.0,5_IN115_KO6,26.htm.” Accessed 19 November 2024.
Glassdoor India. “Pharmaceutical Analyst Salaries in India, https://www.glassdoor.co.in/Salaries/india-pharmaceutical-analyst-salary-SRCH_IL.0,5_IN115_KO6,28.htm.” Accessed 19 November 2024.
Glassdoor India. “Pharmacy Technician Salaries in India, https://www.glassdoor.co.in/Salaries/india-pharmacy-technician-salary-SRCH_IL.0,5_IN115_KO6,25.htm.” Accessed 19 November 2024.
Glassdoor India. “Toxicologist Salaries in India, https://www.glassdoor.co.in/Salaries/toxicologist-salary-SRCH_KO0,12.htm.” Accessed 19 November 2024.
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