B.pharm

Yes, an MBA is a good choice after B.Pharm.
The best colleges are:
Xavier's Labour Relations Institute, Jamshedpur (accepts XAT)
Lovely Professional University, Punjab (accepts/CAT/MAT/XAT/LPUNEST)
Department of Management Studies, IIT-Delhi
Indian Institute of Foreign Trade, Delhi (own test)
Management Development Institute (MDI), Gurgaon
Bharathidasan Institute of Management (BIM), Trichy
Narsee Monjee Institute of Management Studies, Mumbai (accepts NMAT)
National Institute of Industrial Engineering (NITIE), Mumbai
SCMHRD, Pune (accepts SNAP)
SP Jain Institute of Management and Research (SPJIMR), Mumbai
Shailesh J. Mehta School of Management, IIT Bombay
Tata Institute of Social Sciences, Mumbai (own test)
Pandit Ravishankar Shukla University (CAT/MAT).

Both the degrees are equally good and have growth. M.Pharm in pharmaceutics is most valuable in India, whereas in the US and other foreign countries, pharmacology is well established. Pharmaceutics is a unique subject deals with all F&D, production, etc. So, the scope is clear. A person with pharmacology can enter in the preclinical and clinical studies. Herbal Drug industry is booming in India and other parts. So, pharmacognosy is bigger aspect now. The demand for herbal drugs is elevated due to less side effects. Himalaya, Zandu, Dabur and so many are standing in squad and looking for such person. Recent Market shows that M.Pharm with chemistry are less absorbed in the industry than B.Sc Chemistry because in pharma chem., we are more concentrating on SAR of the drug molecules. Pharma-analysis is another important line where one can go for QA, QC, etc., and other fields like biotech and microbiology have less chances in it.