Hello,
No special training is required; one may pursue a career in pharmacovigilance after completing an M.Pharm. There are a few PV-specific courses available that provide hands-on training using software like Argus and others.
One can pursue regulatory work after graduating from M-pharma, as well as other production-based positions like QA, QC, technical services, etc. All of the others are highly busy, especially around audit season, and the growth pace is likewise not very attractive.
The position is good in PV; it's a desk job with various functions, off-sites, parties, etc., and fantastic time. However, the growth rate is likewise quite modest here (DSA-2 years, DSA2, 1-2 years, Senior DSA). So, if you truly want to start your career off well and see steady progress, consider getting an MBA from a reputable university.
Good Luck!!
There can be many perspectives to answer this question, but going my mine, I think that after B.Pharm, taking up a Masters degree in Pharmacology can be a very good option as you'll get a healthy stipend to support yourself while completing your Masters and will also have a lot of time at hand and will have a clearer mind to decide what to do next.
And once you're done with your Masters, you can easily go in R&D, Regulatory etc, so it's a win win situation. Hope this will give you a clear picture of what to do next. All the best!
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