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What career opportunities are available for a B.Pharma graduate like my brother studying at KIIT?

Dr Nagarajan J S K

Dr Nagarajan J S K   |116 Answers  |Ask -

Health Science and Pharmaceutical Careers Expert - Answered on Sep 11, 2024

Dr Nagarajan JSK is an associate professor and former head of medical research at the JSS College of Pharmacy, Ooty.
He has over 30 years of experience in counselling students towards making the right career choices, particularly in the field of pharmacy.
As the JSS College placement officer, he has helped aspiring professionals prepare for and crack job interviews.
Dr Nagarajan holds a PhD in pharmaceutical sciences from the JSS Academy of Higher Education And Research, Mysore, and is currently guiding five PhD scholars.... more
Asked by Anonymous - Sep 09, 2024Hindi
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My brother is doing B. Pharma from kiit. What are career opportunities for B pharma graduates?

Ans: Hi,

After completing B.Pharm, there are relatively few opportunities compared to pursuing a postgraduate degree in pharmacy. I don't have an idea about your financial background, but if you are good at interacting with people, you can consider a career in marketing and sales, which offers many advantages.

The advantages of choosing marketing and sales include:
1. Good earning potential (more than INR 6.0 LPA)
2. After 3 years, you can pursue an MBA through distance education.
3. After 3 years, you can transition from field work to the product department (usually as a product executive), where you can guide the sales representatives.
4. After 5 years of experience in marketing, you can start your own third-party marketing company.

On the other hand, if you join another field, you may receive lower pay due to having only an undergraduate degree.

So, I strongly recommend considering a career in marketing and sales.
Career

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Sushil

Sushil Sukhwani  |550 Answers  |Ask -

Study Abroad Expert - Answered on Apr 25, 2024

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Dear sir, my brother was doing b pharm right now next year he will graduate,, please suggest what he will proceed after doing b pharm sir
Ans: Hello Lomina,

First and foremost, thank you for getting in touch with us. I am happy to hear that your brother is currently pursuing his Bachelor of Pharmacy (B.Pharm) and will graduate next year. To answer your question first, I would like to tell you that based on his interests and professional objectives, there are many career paths that your brother can pursue once he completes his degree. I would recommend that you consider the following:

Your brother can consider working as a pharmacist in retail pharmacies, hospitals, or community pharmacies. Remember that this is the most typical employment route for graduates of B.Pharm. Pharmacists provide medications, advise patients on how to take them safely, and other health-related services. If your brother possesses strong writing abilities, working as a medical writer, crafting content for regulatory bodies, pharmaceutical companies, or healthcare organizations, is one of the other jobs that he could choose from. Documents including clinical trial reports, regulatory filings, and instructional materials are created by medical writers. Your brother may choose to work as a hospital administrator, wherein he would be responsible for controlling pharmaceutical services in healthcare facilities, in turn, guaranteeing effective medication administration, and monitoring drug delivery networks. Another career path for your brother includes taking up a job as a clinical research associate (CRA) or working in other research-related roles in research institutions or pharmaceutical companies. Remember that in order to make sure new medications are safe and effective for use, this entails conducting trials to test them. He can also choose to work in drug safety and pharmacovigilance, checking if the medications sold are safe, looking into unfavorable incidents, and making sure safety rules are followed. Your brother can also take up a job in regulatory affairs, making sure that pharmaceutical items adhere to rules and norms established by regulatory bodies. This entails creating and submitting regulatory paperwork, verifying regulatory compliance, and coordinating with regulatory authorities. Your brother can also choose to work in quality control or quality assurance positions in pharmaceutical companies, making sure that products adhere to regulations and standards of quality. In addition to the above, I would like to let you know that your brother can also pursue further education, viz., a Master's degree (M.Pharm) or a Ph.D. in pharmaceutical sciences or associated disciplines. Remember that pursuing higher studies can lead to possibilities for teaching, research, or advanced roles in areas viz., pharmaceutics, pharmacognosy, medicinal chemistry, or pharmacology.

When choosing which career path to opt for upon finishing his Bachelor of Pharmacy (B.Pharm) degree, I would suggest that your brother takes into account his abilities, interests, and professional objectives. Lastly, I would like to say that acquiring practical experience through internships or entry-level work may prove beneficial, as this will allow your brother to investigate other career paths and learn valuable skills in the sector.

For more information, you can visit our website.

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Milind

Milind Vadjikar  |149 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

Asked by Anonymous - Sep 09, 2024Hindi
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Hi I am 44 years old working for almost 21years now. I have accumulated close to1.6Cr of corpus through diversified portfolio in FD, MF, Stocks etc. I am undergoing health issue post recovery from a major illness and not able to mentally and physically cope up with the demand of the Job which is paying me around 2.5L/Month. I want to settle for a less demanding job even at 50% lesser salary. With my current corpus how to invest it so that i get a monthly interest to maintain my current lifestyle without reducing my corpus.
Ans: You can buy immediate annuity from an insurance company for your corpus of 1.6 Cr as joint holding by you and your spouse and return of purchase price to you, your spouse or nominee either after completion of tenure or expiry of the annuity holder/s.

Assuming modest rate of 6% will yield you a monthly income of 80K per month(pre-tax).

You can always negotiate and shop to get a better rate for your annuity.

If you suppliment this with low stress, less exertion job at 50% of your current salary you will have monthly income of 1.25 L + 0.8L = 2.05 L per month.

Although annuity rates are typically lower you can lock them for a longer tenure.

Most companies or banks offer 5 year FDs.

Few do offer 10 year FDs but then you have TDS deducted at 10% from your interest payout. Also FDs are not entirely risk free.

In case of annuity TDS is not deducted, so far, since tax liability is with the annuity holder.

Please do take care of your health and wish you speedy recovery.

In case you any other concerns, feel free to revert.

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Milind

Milind Vadjikar  |149 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

Asked by Anonymous - Sep 17, 2024Hindi
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Sir, I had invested in HDFC Sanchay Plus in Long-Term Income Plan. It was a insurance and regular income plan for a period of 30 years. I paid up for five years as mandated by the policy. The pay out would commence from 7th year annually upto 30 years. The principal amount would be paid on completion of 30th year of enrollment. I appears the return of investment was less than 5% and diminishes further with time. I decided to withdraw from the scheme however the HDFC Life is deducting a huge sum from the invested amount. I requested to atleast return the principal amount invested without any add-on. But HDFC Life is referring to the policy clause and declining to return the invested amount. How can I retrieve the invested amount in this scenario. Thanking you in anticipation.
Ans: Most of the people make this mistake of considering insurance coupled with investment as good combination. The fact that insurance regulator allows insurance companies to use words such as "Guaranteed", "Assured" which entice gullible investors, makes things more difficult.

Endowment or money back policies never yield return over 5 to 6%.

Even ULIP policy returns above a threshold will now be subject to long term capital gain tax apart from fund management, policy administration and other heavy charges during first 5 years.

Insurance is for pure protection hence term insurance with appropriate riders is best option.

Unfortunately there is no way you can seek higher surrender value payment because you are contractually obligated by the terms and conditions of the policy agreement.

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Milind

Milind Vadjikar  |149 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

Milind

Milind Vadjikar  |149 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

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Money
I am 42 years old, and for the last 18 months, I have been investing ?90,000 per month in SIPs (20% in small cap, 25% in multicap, 20% in hybrid, 30% in large cap, and 5% in an IT digital fund). The total value of these funds is now ?18,00,000. I also have a PF of ?11,00,000, ?3 lakh in the stock market, and two houses with a monthly EMI of ?40,000. Currently, this is all the wealth I have. I would like to achieve a monthly income of ?2 lakh after 10 years. Could you please suggest the best steps I can take to reach this goal? Thank you in advance for your guidance. Best regards,
Ans: Existing corpus 18+11+3=32 L
Assuming modest growth @ 10% pa this corpus will grow to 83 Lakhs 10 year hence.

Also SIP of 90K will yield a corpus of 2.22 Cr after 10 years

So comprehensive corpus of 2.22 + 0.83=3.05 Cr

Considering annuity at 6 % this will yield a monthly income of 1.52 L falling short of your expectation of 2 L pm.

This can be addressed in two ways:
Either you increase SIP amount to 1.30 L or top-up current SIP amount by 10% each year.

This leads to corpus of 3.21 + 0.83=4Cr+

An annuity at 6% will yield you a monthly income of 2 L(pre-tax).

The rental income from your extra house or other fund resources are not considered.

A modest return of 13% is considered from pure equity schemes.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

You may follow us on X at @mars_invest for updates

Happy Investing

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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