What are the job prospects after M.Sc inorganic chemistry and how PhD differs from M.Phil in the same field?

With Masters in inorganic chemistry you can work with chemical industries, pharma industries, as a lecturer after clearing NET in chemical sciences and many more options are there. MPhil is Master of Philosophy and PhD is Doctorate. MPhil is preparatory course for doing doctorate as research method

M.Phil gives you a glimpse of what research is, whereas, Ph.D is all about the research on a particular subject.