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Masters In Pharmaceutical Sciences Salary

The Masters in Pharmaceutical Sciences degree is an academic degree that includes an in-depth study of the science behind the modern pharmaceutical industry. While this area of study often leads to jobs in research, there are also opportunities for professionals with an MPS to work for pharmaceutical companies. How much do people actually earn with an MPS? You’ll find out in the following article.

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Learn more on salary after Masters in Pharmaceutical Sciences in USA on CollegeLearners.

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Master of pharmacy is a degree for those who have been trained as pharmacists and want to advance their career as a professional. The pharmacist job market is really optimistic , so if you plan on getting this specialties, I highly recommend you to pay attention to what I wrote in my article earlier

There are a lot of Best MPS Degrees to choose from. But if you’re a pharmacist looking for a career in the medical field, a Masters Degree is a a necessary requirement to purchase any job as this article will explain more on how you can become the best pharmaceutical scientist.

Masters In Pharmaceutical Sciences Salary

Job TitleMedian Salary (May 2019)*Job Growth (2018-2028)*
Microbiologists$75,6505%
Chemists$78,7904% (for all chemists and materials scientists)
Natural Sciences Managers$129,1006%
Biochemists and Biophysicists$94,4906%
Sales Managers$126,6405%

Related Careers For A Master’s Degree In Pharmaceutical Sciences

Microbiologists

A microbiologist may need a master’s degree for an advanced research position, and a background in pharmaceutical sciences may help these professionals as they conduct research projects and develop new drugs to fight conditions caused by microorganisms. Microbiologists may study bacteria, viruses, parasites, algae and more to learn how they interact with and affect their environments, including humans. Many of these professionals oversee the work of other laboratory technicians for accuracy while providing lab services that are used in the medical field to treat illnesses. All of their work is carefully documented in research and scientific papers.

Chemists

Chemists usually need at least a master’s degree for research positions, and a master’s in pharmaceutical sciences could especially apply to medicinal chemists who help develop new and improve current drugs on the market. The research of analytical chemists and organic chemists also contributes to new pharmaceutical developments. Chemists may test the quality of other products and work to make improvements by studying substances at the molecular level. They use complex lab equipment in their research projects and mix ingredients, solutions and compounds to test. Chemists must report their findings in technical reports that are available to other scientists and interested parties.

Natural Sciences Managers

Natural sciences managers need a bachelor’s, master’s or doctorate degree in a natural science, as well as years of experience as a scientist. Those with a background in pharmaceutical sciences may oversee teams of biologists, chemists and other scientists working together to develop new drugs or testing the quality of products. These managers are responsible for keeping a project running on time, within budget and coordinating the activities of the various scientists. They also check work for accuracy and keep their clients updated on the project’s progress.

Biochemists and Biophysicists

A master’s degree may qualify a biochemist or biophysicist for an entry-level position. Knowledge of pharmaceutical science may help these scientists as they study the effects of drugs, hormones and other substances on biological processes. Biochemists and biophysicists examine the chemical and physical components of diseases, cell development and other natural processes. Their research is reported in scientific papers and often has implications for new medicines and treatments in the field of healthcare.

Sales Managers

Some sales managers have a master’s degree, and those with a background in pharmaceutical sciences may have begun their career as a sales engineer. A sales engineer is a salesperson with technical knowledge of their product, like a pharmaceutical sales representative. As a sales manager, these professionals are now responsible for overseeing an organization’s entire sales team, managing the department’s budget and setting sales goals for the team. These managers also analyze sales data and provide training for their teams.

What Can You Do with a Master’s in Pharmacy?

Modern medicine has made incredible advancements in the way we diagnose, treat, and prevent diseases. Breakthroughs in pharmaceutical research have led to life-saving drugs and continue to improve health outcomes for patients. The importance of pharmaceutical therapies is rarely understated, as seen today as the world anxiously awaits a safe and effective vaccine for the novel coronavirus. 

For many, pharmacists are the first professionals that come to mind when thinking about the pharmaceutical industry. While pharmacists play an important role in doling out treatment to patients, the discovery and development of life-saving therapies depend on vastly more people, from researchers to laboratory technicians and many professionals in between.

Because there are many different focus areas within the pharmaceutical industry, as well as discrepancies in licensing requirements across countries, there is often confusion around the different educational paths students can pursue to build their careers. Here’s a closer look at what a master’s in pharmacy is, the careers you can pursue with one, and five additional degree options to consider. 

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Academic Requirements

To become a pharmaceutical scientist, you must have a strong interest in mathematics, biology, chemistry and the scientific process. You may want to decide early on which aspect of the drug development cycle you want to focus on – discovery, development or manufacturing. In college, you can major in the pharmaceutical sciences, pharmacy, biology, chemistry, medicine, engineering or a related field.

Good communications skills are important, because you’ll be working as part of a scientific team made up of people with diverse backgrounds. You’ll need to be able to stay motivated and keep your team energized throughout the long development process. You also must be able to handle failure and disappointment: Most promising new drugs are rejected before they ever reach the market, because they are dangerous, don’t work consistently or have unacceptable side effects.

Explore internships and/or co-ops and look for opportunities to meet and “shadow” working pharmaceutical scientists.

Many pharmaceutical scientists begin working in the field after college and then go on to complete advanced degrees in more specialized subjects. Pharmaceutical companies often pay for talented workers to complete graduate and post-graduate degrees, such as Master of Science (M.S.), Master of Public Health (MPH), Doctor of Medicine (M.D.), Doctor of Pharmacy (Pharm.D.) or Doctor of Philosophy (Ph.D.), to help them qualify for advancement.

Career Opportunities for Undergraduates

Bachelor of Science in Pharmaceutical Sciences, the BSPS program, is where students will focus on the scientific aspects of the pharmaceutical and healthcare industry. After the core classes required by the institute, some of the courses one can expect to take are organic chemistry, microbiology, anatomy & physiology, calculus, statistics, and of course, pharmacology. This is a 4-year program and during the final year, the students will complete an internship where they will receive hands-on experience, hopefully helping to land a job after graduation. Students of the BSPS program can also qualify to further their education in graduate school for veterinary medicine, dental, and optometry. With the BSPS degree, students can focus on a few different careers within the pharmacy and healthcare industry. The B.Pharm degree or Bachelor of Pharmacy is a four-year program that lays the foundation to become a pharmacist. This gives the option to work as a technician or assistant in a pharmacy. Some popular career options include Pharmaceutical Salesperson, Community Pharmacist, and Hospital Pharmacist.

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Career Opportunities for Graduates

A Master of Science in Pharmaceutical Sciences focuses even more closely on the science of the industry. One can pursue a Master of Science in Pharmacology, a Master of Science in Pharmaceutics and Drug Delivery Systems, a Master of Science in Pharmacy. The MSPS focuses on the applied research in drug delivery and target audiences, using both medicinal and computational chemistry, pharmaceutics, pharmacokinetics (the movement of drugs within the body), pharmacodynamics (the biochemical and physiological effects of drugs), immunology, and molecular and cell biology.

Students pursuing an MSPS degree will have to do extensive lab work and research during the program, as well as a final thesis. This program of study will take about 2 years. Students who choose a master’s in pharmacology can expect to take courses such as research skills, drug design, biochemistry, biometrics, and physiology. If the candidate is interested in applying for a master’s in pharmaceutics and drug delivery systems, some coursework may include biometrics, biochemistry, physical pharmacy, pharmacokinetics, and drug metabolism. Finally, when pursuing a master’s in toxicology, it will include courses on molecular cell biology, biochemical toxicology, environmental toxicology, and organ systems toxicology.

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