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Published on:January 2018
Indian Journal of Pharmaceutical Education and Research, 2018; 52(2):181-196
Original Article | doi:10.5530/ijper.52.2.20

Economic Aspects, Economic Assessment and Career Preferences of Doctor of Pharmacy (PharmD) Students in India


Authors and affiliation (s):

Prasanna R Deshpande1,2 Kiran Bhusare3, Vikas R Chandrakar4, E Jagadeswara Rao5, Asawari Raut1, Sunita Pawar1, Manjusha Sajith1, Bijoy K Panda1, M Naga Lakshmi Prasanna6, Atmaram P Pawar1

1Department of Clinical Pharmacy, Poona College of Pharmacy, Bharati Vidyapeeth University, Pune, Maharashtra, INDIA.

2Chalapathi Institute of Pharmaceutical Sciences, Guntur, Andhra Pradesh, INDIA.

3Bhagwan College of Pharmacy, Dr. Babasaheb Ambedkar Marathwada University, Aurangabad, Maharashtra, INDIA.

4Department of Pharmacy, Sumandeep Vidyapeeth University, Baroda, Gujarat, INDIA.

5Health City, CAYMAN ISLANDS. 6KVSR Siddhartha College of Pharmaceutical Sciences, Vijayawada, Andhra Pradesh, INDIA.

Abstract:

Background: PharmD study program is newer in India. There is tremendous scope for this study program in the country but it will take more time for PharmD to get well developed as a firm career option for the current and prospective students. Therefore, we aimed to determine the economic aspects of the Indian PharmD students. We also conducted the cost benefit analysis of the study program and analyzed the career preferences of the students. Methods: A 30-item questionnaire was developed, validated and administered to the current PharmD students in the nation. The web-based survey instrument was launched by following modes- through Head of the institute/department, faculties, class representatives, Facebook groups, What’s app groups and personal contacts. Cost benefit analysis of the economic data was conducted. Results: Total 253 students responded to the survey from various states of India. The average values for selected parameters were as follows (in Indian Rupees)- Annual fee- 1,10,277.18 ($1667.07), Loan/borrowing taken- 1,07,905.25 ($1631.22), Monthly internship stipend- 334.04 ($5.05), Scholarship/funding received during PharmD- 4802.44 ($72.59), Expected monthly salary- 36,156.63 ($546.58). Benefits to costs ratio was 1.34. In jobs, 61.26% students opted to become clinical pharmacists. Conclusion: The cost benefit analysis reflected the PharmD degree to be beneficial. Though not perfectly implementable, our study provides valuable future directions to policy makers, forthcoming researchers, and the PharmD students.

Key words: PharmD, India, Economics, Cost benefit analysis, Students, Pharmacy.

 

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The Official Journal of Association of Pharmaceutical Teachers of India (APTI)
(Registered under Registration of Societies Act XXI of 1860 No. 122 of 1966-1967, Lucknow)

Indian Journal of Pharmaceutical Education and Research (IJPER) [ISSN-0019-5464] is the official journal of Association of Pharmaceutical Teachers of India (APTI) and is being published since 1967.

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IJPER uses reference linking service using Digital Object Identifiers (DOI) by Crossref. Articles from the year 2013 are being assigned DOIs for its permanent URLs