Pharmacist’s salary in India
According to the Pharmacy Council of India, the average pharmacist’s salary in India is Rs. 6,000 per month. However, this number can vary depending on the location and type of pharmacy you work in. For example, if you work at an urban hospital or clinic, it’s likely that your salary will be higher than if you work at a rural hospital or clinic.
In addition to this base salary, many pharmacists receive additional benefits such as housing allowances, medical insurance, travel allowances and bonuses based on performance or hours worked.
The pharmacy industry in India is expected to reach $11.5 billion by 2020. As pharmacy professionals, we’re excited about the growth of this industry. We know it means more jobs for us, and more opportunities for you to advance your career and become a pharmacist yourself!
But what does that mean for your salary?
We’ve put together this guide to help you understand how much you can expect to make when you enter the pharmacy field in India.
Pharmacy Salary In India
How much money does a Pharmacist make in India?
Average Monthly Salary
40,400 INR
( 485,000 INR yearly)
LOW
19,000
INR AVERAGE
40,400
INR HIGH
63,800
INR
A person working as a Pharmacist in India typically earns around 40,400 INR per month. Salaries range from 19,000 INR (lowest) to 63,800 INR (highest).
This is the average monthly salary including housing, transport, and other benefits. Pharmacist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Pharmacist Salary Distribution in India
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The median, the maximum, the minimum, and the range
- Salary RangePharmacist salaries in India range from 19,000 INR per month (minimum salary) to 63,800 INR per month (maximum salary).
- Median SalaryThe median salary is 42,800 INR per month, which means that half (50%) of people working as Pharmacist(s) are earning less than 42,800 INR while the other half are earning more than 42,800 INR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
- PercentilesClosely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Pharmacist(s) are earning less than 27,800 INR while 75% of them are earning more than 27,800 INR. Also from the diagram, 75% of Pharmacist(s) are earning less than 56,500 INR while 25% are earning more than 56,500 INR.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
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Pharmacist Salary Comparison by Years of Experience
How does experience and age affect your pay?
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Pharmacist salaries by experience level and this is what we found.
A Pharmacist with less than two years of experience makes approximately 21,900 INR per month.
While someone with an experience level between two and five years is expected to earn 30,200 INR per month, 38% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 43,000 INR per month, 42% more than someone with two to five years of experience.
“ On average, a person’s salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
* Based on the average change in salary over time. Salary variations differ from person to person.
Additionally, Pharmacist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 52,400 INR per month, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 55,300 INR per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 60,200 INR per month, 9% more than people with fifteen to twenty years of experience.
Pharmacist average salary change by experience in India
| 0 – 2 Years | 21,900 INR | |
| 2 – 5 Years | +38% | 30,200 INR |
| 5 – 10 Years | +42% | 43,000 INR |
| 10 – 15 Years | +22% | 52,400 INR |
| 15 – 20 Years | +6% | 55,300 INR |
| 20+ Years | +9% | 60,200 INR |
Percentage increase and decrease are relative to the previous value
Typical Salary Progress for Most Careers
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Pharmacist Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Pharmacist(s) who have the same experience but different education levels.
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Pharmacist salaries by education level in order to make a comparison.
When the education level is Bachelor’s Degree, the average salary of a Pharmacist is 30,200 INR per month.
While someone with a Master’s Degree gets a salary of 55,300 INR per month, 83% more than someone having a Bachelor’s Degree degree.
Pharmacist average salary difference by education level in India
| Bachelor’s Degree | 30,200 INR | |
| Master’s Degree | +83% | 55,300 INR |
Percentage increase and decrease are relative to the previous value
Is a Master’s degree or an MBA worth it? Should you pursue higher education?
A Master’s degree program or any post-graduate program in India costs anywhere from 160,000 Indian Rupee(s) to 479,000 Indian Rupee(s) and lasts approximately two years. That is quite an investment.
You can’t really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
