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    MBA in Pharmaceutical Management

    MBA in Pharmaceutical Management Overview

    Master of Business Administration in Pharmaceutical Management or MBA in Pharmaceutical Management is a two-year postgraduate course divided into four semesters of study. Pharmaceutical Management is a discipline of management courses, which works with the health and chemical sciences and ensures the safe and secure use of pharmaceutical drugs. Eligible candidates for this course are students who have completed their bachelor's in any discipline with at least 50% marks.

    The primary aim of the MBA in Pharmaceutical Management course is to produce skilled professionals for managerial and related positions in the Pharmaceutical industry. It is an amalgamation of the study of health and chemical sciences, and management and marketing strategies.  To simplify and increase the outreach of the course, universities offer students full-time, part-time, online, and distance modes to pursue the course. 

    Over the duration of this course, a student is taken over the technical aspects of pharmaceutical science while also being taught managerial and marketing skills and strategies, business strategies, production management of pharmaceuticals, pharmaceutical marketing, brand management, finance, and economics in the pharmaceutical sector, etc. followed in the pharma industry. The scores of entrance tests like CAT, MAT, XAT, NMAT, and SNAP decide whether students will get admission to this program or not. The top colleges offering MBA in Pharmaceutical Management are SPJIMR Mumbai, SIBM Pune, Alliance University Bangalore, Amity University Noida, and NIMS University Jaipur. The course fees fall within the range of INR 1,00,000 to INR 10,00,000.

    MBA in Pharmaceutical Management Course Highlights

    The table below demonstrates the most significant highlights of the MBA in Pharmaceutical Management program:

    ParticularsDetails
    Full Course NameMaster of Business Administration in Pharmaceutical Management
    Course-levelPost-graduate
    Course Duration2 years
    Examination TypeSemester System
    Minimum EligibilityBachelor’s degree with a minimum aggregate score of 50% (45% for SC/ST candidates)
    Admission ProcessEntrance Exam + Group Discussion + Personal Interview 
    Entrance ExamsCAT exam, CMAT exam, XAT exam, MAT examNMAT exam, the GMAT exam
    Types of ProgrammesFull Time, Part Time, Distance, Online
    Syllabus
    • Pharma Logistics Management
    • Business Environment
    • Organizational Behaviour
    • Basic Epidemiology
    • Management Science
    • Pharmaceutical Marketing and Research
    • Introduction to Physiology and Human Anatomy
    • Business Communication and Soft Skills Development
    Average Annual FeesINR 1,00,000 to INR 10,00,000
    Average Initial SalaryINR 8 Lakh per annum (INR 3 to 10 Lakhs)
    Job Profiles
    • Biochemist
    • Drug Inspector
    • Sales Managers
    • Market Research Analyst
    • Pharmaceuticals Distributors
    • Consultant and Project Manager
    • Pharmaceutical Purchase Manager
    Top Recruiters
    • Cipla
    • Abbott India
    • Genzyme
    • Dabur India Ltd.
    • Ranbaxy Laboratories
    • Sun Pharmaceutical Industries Ltd.

    Why Study an MBA in Pharmaceutical Management?

    There is no doubt that Pharmaceutical Management is going to have a bright future as it is one of the fastest-growing and most rewarding fields of Management courses. MBA in Pharmaceutical Management students have a variety of job opportunities, including sales, market research and analysis, product executive, corporate communications, marketing, project management, and support for product research and development. Numerous job opportunities exist on local, national, and international levels. The following are some reasons why an individual should pursue an MBA in pharmaceutical management: 

    • To comprehend the theory and practises of contemporary management and how they may be applied to make an individual's managerial function efficient and effective, one must pursue an MBA in pharmaceutical management.
    • An MBA in Pharmaceutical Management helps people build the organisational skills required to formulate and implement plans, coordinate work to meet deadlines, and display good planning skills such as delegation skills, resource management, time management, and organisational skills.
    • To thrive in the corporate world, graduates must also be aware of the ethics associated with the pharmaceutical industry. Other topics covered in the MBA in Pharmaceutical Management course include bioethics, healthcare reform, research ethics, intellectual property, and drug marketing.
    • Both the theoretical and practical facets of pharmacy are emphasised in the MBA in Pharmaceutical Management course. Its curriculum includes a variety of research projects, presentations, tests, and internships that provide students with practical work experience.
    • It facilitates job placement at renowned pharmaceutical firms. The salary range for an MBA in Pharmaceutical Management graduate is roughly INR 3,00,000 to 10,00,000 annually. In some reputable institutions, the typical CTC offered by employers might be as high as INR 15,00,000 to 20,00,000.
    • The MBA in Pharmaceutical Management programme may serve as a springboard for an individual who wants to launch his own company in the pharmaceutical sector.

    List of Popular MBA in Pharmaceutical Management Courses

    An MBA in Pharmaceutical Management prepares students for business management careers through the development of planning and operations management skills, consultancy skills, and problem-solving skills. An MBA in Pharmaceutical Management usually includes the following courses: 

    Pharmaceutical Marketing: Also referred to as 'pharma marketing', this term describes the online and offline techniques used to draw in new patients and raise awareness of a particular medication or course of treatment.  Pharma marketing might be directed either at selling directly to patients or at physicians.

    Healthcare Management: The planning, directing and coordinating of nonclinical operations within organisations, healthcare systems, and networks fall under the purview of healthcare management. Healthcare organisations are constantly looking for specialists in operational management to streamline procedures, boost quality, and cut expenses—, to assist medical personnel in providing better, swifter service at more reasonable costs. 

    Drug Store Management: It is also known as a retail pharmacy, and it manages the distribution of medications into the hands of patients or consumers or offers services to them. Drug store management includes examining the calibre of the raw materials, medications, and medical equipment, as well as the number of drugs on board, the costs associated with bulk purchases, supply chain management, etc.

    Drugstore and Business Management: This course covers the practical steps in managing pharmacies and drug stores, starting one's own pharmaceutical company, putting the concepts learned into personal practice with an emphasis on professionalism, understanding the legal requirements to open a drug store, and understanding the concepts of budgeting, product promotion, and management of inventory.

    Pharma and Sales Management: Pharma Sales refers to the business of selling pharmaceutical products, such as prescription drugs, surgical instruments, consumables in any form, and machines and other equipment used in operations. Any type of physician, pharmacist, and/or buyer in control of a hospital or pharmacy is the target demographic.

    MBA in Pharmaceutical Management Course Types

    There are numerous MBA in Pharmaceutical Management course options available, each tailored to a particular group of students or working professionals. Below is a list of the different MBA in Pharmaceutical Management courses offered:

    Full-time MBA in Pharmaceutical Management 

    A full-time MBA in Pharmaceutical Management programme lasts two years. It facilitates students to learn and comprehend the fundamental concepts and knowledge related to the field of pharmacy, such as manufacturing procedures, pharmaceutical sciences, biological sciences, administrative, behavioural, social, and social pharmacy sciences. This exam format is recommended for those who can dedicate full-time two years of study.

    Part-time MBA in Pharmaceutical Management 

    Candidates who work full-time but do not currently hold leadership positions are ideal candidates for a part-time MBA in pharmaceutical management course. These students typically range in age from 25 to 33. After daily work completion or over the weekends, both working individuals attend MBA in Pharmaceutical Management courses. However, it can take two to three years to complete the programme.

    Executive MBA in Pharmaceutical Management 

    The field's executive MBA programme focuses on working executives and managers who have previously earned degrees and are employed by pharmaceutical firms. Candidates must have between two and five years of experience working for a pharmaceutical company. The work experience must be uninterrupted and must not have involved any projects, internships, training sessions, etc. 

    Online MBA in Pharmaceutical Management 

    Due to its greater flexibility and accessibility to limitless resources, an online MBA in Pharmaceutical Management is a good contender for working people who do not want to quit their job to earn a degree yet are unable to attend normal classes. These individuals may also be unable to attend regular classes. UGC, DEB, AICTE, and NAAC have all given their approval for an online MBA course in pharmaceutical management. The education could go longer than the typical MBA, possibly between two and four years.

    Distance MBA in Pharmaceutical Management 

    For candidates who wish to continue working and making money while pursuing a management course, a distance MBA in pharmaceutical management is the ideal option. It can be completed in two to three years and has received approval from UGC-DEB and AICTE. In this manner, aspirants are not required to attend regular classes. Notably, pursuing a programme in this modality may require a minimum of three years of previous work experience.

    MBA in Pharmaceutical Management Syllabus for Different Specialisations

    The subjects offered under different MBA in Pharmaceutical Management specialisations have been tabulated below:

    MBA in Pharmaceutical Management SpecialisationSyllabus
    Pharmaceutical Marketing Management 
    • Quantitative and qualitative aspects; size and composition of the market
    • Demographic descriptions and socio-psychological characteristics of the consumer
    • Market segmentation & targeting
    • Consumer profile
    Healthcare Management
    • Healthcare Policies and Regulations
    • Organisation of Hospitals
    • Disease Control Management
    • Medical-Legal Issues
    • Quality Assurance
    • Anatomy
    • Physiology
    • Epidemiology
    • Health management
    Pharmaceutical Policy, Laws & Regulations
    • National Regulatory Affairs
    • Drug Approval & International Drug Regulations
    • Modern Analytical Techniques
    • Biostatistics & Computer Applications
    • Drug approval and International Drug Regulations
    Drug Store Management
    • Organisation of drug store, types of materials stocked and storage conditions
    • Purchase and inventory control: principles, purchase procedure, purchase order, procurement
    Pharma Production Management
    • Product life cycle, Product portfolio analysis
    • Product positioning; New product decisions
    • Product branding, packaging and labeling decisions

    MBA in Pharmaceutical Management Entrance Exams

    Cut-off scores for entrance exams govern the admission process to MBA in Pharmaceutical Management like that of the CAT, XAT, MAT, XAT, GMAT, NMAT, SNAP, and many more. 

    To pursue MBA in Pharmaceutical Management, national-level common entrance tests like those mentioned below are considered:

    GMAT: GMAT (Graduate Management Admission Test) is conducted by GMAC for admission to more than 5400 programs in various Business Schools around the world. The GMAT lasts nearly 3.5 hours.

    CAT: CAT (Common Admission Test) is a qualifying exam for admission to MBA, PGDM, and other PG level management courses in India. The eligibility for taking the CAT exam is 50% marks in graduation, for reserved categories the qualifying marks are relaxed up to 5%. The test consists of three sections: Verbal Ability and Reading Comprehension (VARC), Data Interpretation and Logical Reasoning (DILR), and Quantitative Ability (QA). The exam is taken online over a period of three hours, with one hour per section. 

    XAT: The Xavier Aptitude Test is a national level aptitude test conducted by XLRI Jamshedpur for admission in MBA/PGDM programs in XLRI and other top MBA colleges like XIMB, IMT Ghaziabad, TAPMI Manipal, etc. The exam duration is 3 hours. The syllabus encompasses Verbal and Logical Ability, General Knowledge, Decision Making, and Quantitative Ability & Data Interpretation.

    SNAP: Symbiosis National Aptitude Test or SNAP Test is a common aptitude test conducted by the Symbiosis International (Deemed) University for admission to the MBA/PGDM programs. The exam is conducted once a year. The duration of the exam is 60 minutes or 1 hour. 

    NMAT: NMAT 2022 is an important national-level MBA entrance test leading to MBA admission 2023 in top MBA colleges. GMAC is the exam conducting body for NMAT by GMAC 2022. NMAT 2022 exam scores will be accepted for MBA admission 2023-25 batch in NMIMS Mumbai; SPJIMR Mumbai (PGMPW); ISB (Certificate program); VIT Vellore; XIM Bhubaneswar and many other MBA colleges in India. 

    LPUNEST Exam: LPUNEST is the National Entrance and Scholarship Test for admission to various programs at Lovely Professional University. This test forms the basis of eligibility and scholarship for most of the programs like MBA, MBA (Hons.), Specialized MBA, BBA (Hons.), Diploma in Business Administration, Integrated BBA - MBA, BBA (Financial Markets), BBA (International Finance), and BBA (Information Technology). 

    CUCET Exam: Central Universities Common Entrance Test (CUCET) is conducted once a year. It is a national-level entrance exam in which 10 central universities participated every year. Candidates will get admission to the UG or Integrated, PG, and Research programs. The candidates must have cleared Class 10+2 or equivalent or 10+3 diploma approved by the State Board of Technical Education, as per the CUCET UG eligibility criteria 2022. Central Universities of Andhra Pradesh, Assam, Gujarat, Haryana, Jammu, Jharkhand, Karnataka, Kashmir, Kerala, Rajasthan, Tamil Nadu, Punjab, South Bihar, and Mahatma Gandhi University (Bihar) along with Bengaluru Dr. B.R. Ambedkar School of Economics (BASE) jointly participate in Central Universities Common Entrance Test (CUCET 2022).

    MBA in Pharmaceutical Management Eligibility Criteria

    Students must meet the following eligibility requirements in order to pursue an MBA in Pharmaceutical Management:

    • Bachelor’s degree of minimum 3 years’ duration in any discipline from a recognised university with minimum aggregate marks of 50%. 
    • Reserved category candidates (SC/STs) can avail themselves of relaxation of 5%, which makes the minimum qualifying scores 45%.
    • Candidates must have acquired their B Pharmacy degree from a college recognised by the Pharmacy Council of India.
    • Other preferred streams for pursuing bachelor's degrees are BSc-Microbiology, Bio-Tech, etc. 
    • Candidates should also qualify for any nationalised entrance examination such as CAT/MAT/GMAT/XAT/CMAT, etc. 
    • A minimum of 2 years of full-time experience is preferred. However, possessing work experience is not mandatory. 
    • Candidates qualifying for the national-level entrance exams will be called for a group discussion and personal interview (GD+PI).
    • Candidates would also have to furnish IELTS/TOEFL/PTE scores to apply for an MBA in Pharmaceutical Management abroad.

    How to Get Admission for MBA in Pharmaceutical Management?

    Admission to MBA in Pharmaceutical Management can be done in two ways: direct admission and securing valid scores in CAT, XAT, MAT, or other national-level MBA exams. Both the types have been elaborated below: 

    Entrance-Based Admission

    Most MBA in Pharmaceutical Management programmes require students to clear entrance exams such as MAT, GMAT, CAT, XAT, SNAP, IIFT or ATMA and any other national, state or institute-based entrance examination. The minimum requirement to apply for these examinations is 50% in bachelor's although reserved category candidates get 5% relaxation. Students must note that work experience is not mandatory to apply for entrance exams.

    The scores received are the determining factors for admission. Once the results are out, institutes will release their cut-off. Candidates securing the cut-off scores become eligible for Group Discussion/Personal Interview. As the GD and PI round are completed, universities release their final merit list and students are invited to complete the admission process by submitting the necessary documents and course fees. 

    Direct Admission/Merit-based Admission

    Usually, the MBA in Pharmaceutical Management admission process commences in the month of August and September. Online forms for almost every entrance exam are available by the end of August.

    • Several universities provide admissions to students on a first-come, first-served basis.
    • Candidates need to submit the application to the colleges or universities based on their preference and interest in which they want to get admission. 
    • Students should score at least 50% in their graduation from any discipline.
    • Individuals having some work experience between 1-3 years will be preferred.
    • Students can also take admission from the management quota or institute-level quota seats with a minimum aggregate of 50% marks in their bachelor’s.

    MBA in Pharmaceutical Management Top Colleges in India

    The most renowned colleges in India offer MBA in Pharmaceutical Management and the entrance exams accepted by them have been tabulated below:

    Name of the InstituteNIRF RankingExam Accepted
    SPJIMR Mumbai18GMAT, NMAT, CAT, XAT, GRE
    SIBM Pune22SNAP
    NMIMS Mumbai24NMAT by GMAC
    Alliance University, Bangalore39ATMA/ GMAT/ CAT/ NMAT/ XAT/ MAT/ CMAT/ KMAT
    Amity University, Noida41CAT/ MAT/ GMAT/ XAT
    LPU Jalandhar49LPUNEST
    Chandigarh University, Chandigarh51Chandigarh University Common Entrance Test (CUCET)
    NIMS University, Jaipur          -NIMSEE/ CAT/ MAT/ CMAT/ GMAT
    HITS, Chennai          -CAT/MAT/XAT/CMAT/ATMA

    Study MBA in Pharmaceutical Management Abroad

    An international MBA in Pharmaceutical Management degree is a sought-after credential by many individuals for the following reasons:

    • The average annual compensation for individuals graduating with MBA in Pharmaceutical Management from distinguished foreign institutions is significantly higher than those graduating from Indian universities. An international MBA in Pharmaceutical Management degree helps them to earn potentially higher.
    • An international degree in MBA in Pharmaceutical Management program helps individuals to gain insight into how the study of health and chemical sciences and management and marketing techniques are all part of the MBA Pharmaceutical degree program. 
    • An individual pursuing an MBA in Pharmaceutical Management program abroad can build an international network of professionals. 
    • An MBA in Pharmaceutical Management abroad bridges communication gaps across cultural and physical boundaries.
    • An international degree in MBA in Pharmaceutical Management helps to impress the recruiters by proving the candidate’s ability to take on challenges and handle change. Hence, it increases one’s employability. It fosters knowledge growth while also providing prospects for job advancement.

    MBA in Pharmaceutical Management Abroad Top Colleges

    In order to get selected for pursuing an MBA in Pharmaceutical Management abroad, it is mandatory for the candidates to score 50-55% or above in graduation degree, and qualify for GMAT or GRE and some language proficiency tests like IELTS and TOEFL. A minimum of 6 in IELTS and a 70 in TOEFL must be scored by the candidates to become eligible to enroll in the following institutes:

                Name of the Institute                Program Offered 
    College of Medical, Veterinary & Life Sciences, University of Glasgow, UK

    MBA - Health Services Management

    (1 year full-time; 2-4 years part-time)

    Frankfurt School of Finance & Management, Germany

    MBA in International Healthcare Management

    Executive MBA in Pharmaceutical Management

    Amsterdam Business School MBA Healthcare Management
    Maastricht School of Management, NetherlandsExecutive MBA in Healthcare Management
    University of Maryland, USAMBA in Pharmaceutical Management
    Layal University, CanadaMBA in Pharmaceutical Management

    State-wise MBA in Pharmaceutical Management Admissions

    The following eligibility requirements for admission to an MBA in Pharmaceutical Management have been set forth by various states:

    MBA in Pharmaceutical Management Admission in Maharashtra 

    PUMBA Pune, IIT Bombay, DYPUSM Mumbai, School of Business Management's Narsee Monjee Institute of Management Studies, Mumbai, and other prestigious institutions are the most well-known for offering admissions to MBA programmes in pharmaceutical management in Maharashtra. Graduates from any stream having completed a minimum three-year degree and who wish to apply for admission to the best MBA colleges in Maharashtra must have a minimum aggregate score of 50%. A minimum of two to three years of professional experience is additionally preferred. However, it is not necessary to have prior experience.

    Candidates who want to enrol in one of Maharashtra's top MBA programmes must pass the management entrance exam known as the Maharashtra Common Entrance Test or MAH CET. Its formal name is MAH MBA/MMS-CET. State Common Entrance Test Cell, Maharashtra, conducts the MAH CET examination.  Additionally, applicants must take nationalised entrance exams like the CAT, GMAT, GRE, etc.

    MBA in Pharmaceutical Management Admissions in Delhi/NCR 

    The Delhi Institute of Pharmaceutical Sciences and Research, IIMR Pharma Business School, and Jamia Hamdard, New Delhi are a few of the top institutions in the Delhi/NCR region that provide an MBA in Pharmaceutical Management course. To be considered for admission to these institutes, a student must have completed their B Pharma with at least a 50% aggregate from a college accredited by the Pharmacy Council of India (PCI). It is necessary to have passed entrance tests like the CAT, XAT, SNAP, NMAT, or CMAT.

    MBA in Pharmaceutical Management Admissions in Gujarat 

    Gujarat is home to three of India's most renowned institutions that provide MBA in Pharmaceutical Management programmes, namely Ganpat University (GUNI), Ahmedabad; Swarrnim Startup and Innovation University, Ahmedabad; and the Centre for Management Studies and Research, Kherva Mehsana. Since 2002, Gujarat, India, has held an annual common entrance exam for MBA and MCA studies called the Gujarat Common Entrance Test (GCET). For admission to the best MBA colleges in Gujarat, candidates must also pass nationalised entrance tests like the CAT, MAT, ATMA, SNAP, and AIMAT.

    MBA in Pharmaceutical Management Admissions in Karnataka 

    The most well-known educational institutions in India offering MBA in pharmaceutical management courses are located in Bangalore, including the Faculty of Pharmacy at MS Ramaiah University of Applied Sciences, Bangalore, the J S S Dental College and Hospital, the JSS Academy of Higher Education and Research in Mysore, and IIHMR in Bangalore. Based on national-level MBA entrance tests like the CAT, MAT, CMAT, ATMA, SNAP, and XAT as well as state-level MBA entrance exams like the KMAT and Karnataka PGCET, the majority of MBA colleges in Bangalore provide admission to courses like MBA in Pharmaceutical Management.

    MBA in Pharmaceutical Management Admissions in West Bengal 

    Based on a state-level entrance exam like the JEMAT and a national-level MBA entrance exam like the CAT, MAT, CMAT, ATMA, SNAP, and XAT, West Bengal offers admission to MBA in Pharmaceutical Management courses. In West Bengal, Adamas University in Kolkata and Haldia Institute of Management in Haldia are the two most prestigious MBA schools. To apply for admission to these universities, a student must have graduated with a B Pharma degree and at least a 50% aggregate. Candidates must have passed entrance tests like the CAT, XAT, SNAP, NMAT, or CMAT.

    What is MBA in Pharmaceutical Management Course Fees?

    MBA in Pharmaceutical Management course fees range from INR 1,00,000 - to 10,00,000 in India. The most renowned colleges in India offering MBA in Pharmaceutical Management along with their course fees have been tabulated below:

    Name of the Institute

    Average Course Fees

    (in INR)

    PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University Course Fee1,32,388
    DYPUSM Mumbai - School of Management Dr. DY Patil University Course Fee8,40,000
    School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai Course Fee12,64,000
    Faculty of Pharmacy MS Ramaiah University of Applied Sciences, Bangalore Course Fee4,68,500
    NIPER Mohali - National Institute of Pharmaceutical Education and Research SAS Nagar Course Fee3,51,660
    NIPER Hyderabad - National Institute of Pharmaceutical Education and Research Course Fee3,51,660
    University Institute of Applied Management Sciences, Chandigarh Course Fee5,04,740
    SPJIMR Mumbai Course Fee8,75,000
    SIBM Pune Course Fee7,68,000
    NMIMS Mumbai Course Fee9,25,000
    Alliance University, Bangalore Course Fee6,25,000
    Amity University, Noida Course Fee3,40,000

    MBA in Pharmaceutical Management Course Syllabus

    Individuals can avail themselves of ample options when it comes to specialisations offered by the MBA in Pharmaceutical Management. The introductory courses include Design Thinking, Written Analysis and Communication, Excel Application, and PowerPoint Presentations. 

    Given below is the semester-wise syllabus for MBA in Pharmaceutical Management:

                      Semester I                  Semester II
    Management Principles and PracticeOrganisational Behaviour
    Managerial EconomicsManagement Accounting
    Financial Accounting and AnalysisOperations Research
    Statistics for ManagementMarketing Management
    Legal Aspects of BusinessFinancial Management
    Business EnvironmentHuman Resource Management
    Business CommunicationProduction and Operations Management
    Computer Applications in ManagementManagement Information System
    Corporate Ethics and GovernanceEnvironment Management and Sustainable Development
    Managerial CommunicationEntrepreneurship and New Venture Planning
    Accounting and Costing for ManagersGlobal Business Environment
                      Semester III                        Semester IV
    Strategic ManagementEntrepreneurship Development
    International BusinessCorporate Social Responsibility and Corporate Governance
    Research MethodologyHealthcare Services Management
    Supply Chain Management for PharmaceuticalR & D and Technology Management
    Global Marketing ManagementEpidemiology and Public Health Management
    Personality and Aptitude Building for ManagersDisaster and Risk Management
    Purchasing and Vendor ManagementIntellectual Property Rights
    Sales and Services ManagementWorking Capital for Manager
    Digital Marketing and Brand ManagementRetail Management

    Course Curriculum for MBA in Pharmaceutical Management

    The curriculum for the MBA in Pharmaceutical Management course encompasses the following:

    Drug structurePharmacology and Microbiology
    BiopharmaceuticsPharma Logistics Management
    Drug DesignPharmaceutical Marketing and Research
    Infection and ImmunityPharmaceutical Manufacturing and Control
    Pharmaceutical PolicyFundamentals of Pharmaceutical Sciences
    Business AnalyticsIntroduction to Physiology and Human Anatomy
    Marketing ManagementScientific skills and methods in pharmaceutical sciences

    Along with core MBA modules and electives, students will study courses such as:

    • Innovation in healthcare
    • Technology, AI and healthcare
    • Negotiation in healthcare and pharmaceuticals
    • Ethics in healthcare
    • Data analytics in healthcare
    • Strategic leadership in pharmaceuticals

    Difference between MBA in Pharmaceutical Management and Master of Pharmacy (M.Pharm)

    If an individual is interested to go in the research field, Govt or private Academics, wants to acquire deep knowledge in a particular subject, or wants to seek employment in Pharma industries as a pharma expert in any of the particular pharma subject then it's better to pursue M.S/M.tech/M.pharm.

    But, if one is interested in starting a business or starting a career in marketing in the future then it's better to opt for an MBA in Pharmaceutical Management. The differences between an MBA in Pharmaceutical Management and a Master of Pharmacy (M.Pharm) have been tabulated below:

    Point of DifferenceMBA in Pharmaceutical ManagementMaster of Pharmacy (M.Pharm)
    OverviewMBA in Pharmaceutical Management is a postgraduate degree program that prepares students for managerial jobs in drug manufacturing, production management, pharmaceutical marketing, and brand management. This course teaches students many abilities such as business development, sales and marketing, consulting, planning, and operations management.A Master of Pharmacy is a postgraduate academic degree that is awarded for a course or program in the medical field of Pharmacy designed to prepare students to become licensed pharmacists. 
    Core areaMBA (Pharmaceuticals) is a management course in pharmacy. It only focuses on the administration of pharmaceutical industries. M.Pharm is a major course in pharmacy. It covers the important aspects in pharmacy. 
    Career ProspectsSome of the job profiles after an MBA in Pharmaceuticals Management are Biochemist, Drug Inspector, Market Research Analyst, Pharmaceuticals Distributors, Pharmaceutical Purchase Manager, etc. Some of the job profiles in this industry are in the domains of clinical executives, medical coding trainees, pharmacists, food processing industries, and research and development organizations as project assistants or scientists. Postgraduates in Pharmacy can work as professors in various pharmacy institutes with lucrative salaries. 

    MBA in Pharmaceutical Management Scope in India

    The Indian pharmaceutical industry is the third greatest industry in the world. India is the greatest provider of non-exclusive medicines worldwide with the Indian generics addressing 20% of overall commodities to the extent of volume. Hence, graduates in MBA in Pharmaceutical Management can avail themselves of a plethora of employment opportunities.
    MBA in Pharmaceutical Management helps an individual to get a job promotion and qualify for management and executive positions in his/her current company. Since postgraduate business programs emphasise developing leadership and communication skills, graduates can advance to marketing positions effortlessly.
    An MBA in Pharmaceutical Management can provide a significant boost to one’s compensation package. The annual salary for holders of an MBA in Pharmaceutical Management ranges from INR 6 Lakhs to 10 Lakhs in the initial stage, depending on the seniority, company, and sector. 

    Top Companies Hiring MBA in Pharmaceutical Management Graduates

    MBA in Pharmaceutical Management degree holders supervisors work with doctors, settle on strategy choices, regulate patient consideration and planning and bookkeeping, and lead promoting endeavours to guarantee their association capacities easily. Top recruiting companies are:

    • Cipla
    • Abbott India
    • Fortis
    • Cadila Healthcare
    • Piramal Healthcare
    • Apollo Life
    • Columbia Asia
    • Ranbaxy Laboratories
    • Dabur India Ltd
    • Max Healthcare
    • Wipro GE Healthcare
    • Regeneron Pharmaceuticals

    MBA in Pharmaceutical Management Salary in India

    The average annual starting salary for holders of an MBA in Pharmaceutical Management ranges from Rs 3 lakh to Rs 10 lakh, depending on the seniority, company, and sector. The average MBA Pharmaceutical Management salary in the India package ranges from Rs. 2 to 7 LPA: 

    Level of ExperienceAverage Salary (per annum)
    0 - 1 yearRs. 7,00,000
    1 - 3 yearsRs. 12,00,000
    Above 5 yearsRs. 20,00,000

    The job profiles and salary packages for MBA in Pharmaceutical Management graduates have been tabulated below: 

              Job ProfileSalary Package (in INR)Salary Package Range (in INR)
    Drug Distribution Manager          6,55,000            5.9 L - 7.5 L
    Sales Manager          4,90,000             2.0 L -14.0 L
    Market Researcher & Drug Developer          6,70,000            3.0 L - 10.0 L
    Pharmaceutical Purchase Manager          8,42,692              11.3 L - 22.5 L
    Formulation Pharmaceutical          6,00,000            2.2 L - 10.0 L
    Technology Scientist        10,80,000            10.8 L - 13.8 L
    Regional/ Zonal Sales Manager        13,30,000            6.0 L - 33.5 L
    Product Marketing Manager        16,00,000            7.0 L - 32.0 L
    Production and Quality Control Manager          7,80,236               4.2 L - 30.0 L

    Career Options and Job Prospects After MBA in Pharmaceutical Management

    MBA in Pharmaceutical Management offers a good career scope for students especially if they have previous work experience in the pharma sector. Some job profiles after the MBA in Pharmaceutical Management degree are:

    • Market Researcher and Drug Developer – Market research analysts research and accumulate information to help an organisation market its items or administrations. They assemble information on purchaser socio-economics, inclinations, needs, and purchasing propensities.
    • Sales Manager – A sales manager is accountable for satisfying the sales aims of the company through practical preparation and budgeting.
    • Drug Distribution Manager – Pharmaceutical distributors are the middle persons who ship items from producers to drug stores and different suppliers.
    • Pharmaceutical Purchase Manager – Purchasing professionals have various destinations including cost control, creating and overseeing provider relationships, empowering advancement, and broadening of the store network.
    • Healthcare Information Manager – Health information managers (HIM) coordinate, administer, and secure patient wellbeing data information which incorporates side effects, analysis, clinical chronicles, test results, and methodology.

    Skills Required for MBA in Pharmaceutical Management

    Candidates must possess both hard skills and soft skills like the development of leadership skills through learning organisational behaviour, communications, and teamwork. 
    Apart from Business Knowledge, Strategic thinking, Planning Skills, etc. candidates aspiring to pursue MBA in Marketing must be equipped with the following important skills:

    • Leadership skills: Candidates must be equipped with strong leadership skills. Individuals with great leadership skills empower teams to achieve their full potential, make decisions, and strategize well to help organisations thrive. 
    • Communication skills: An individual must possess excellent verbal and written communication skills and the ability to convince others. 
    • Problem-solving skills: For possessing a managerial role in marketing, candidates need to develop the skills of analysing certain situations and enhance their problem-solving skills. It also includes the ability to apply proper logical thinking that can break any complex problem into simpler parts and then provide solutions for them.
    • Teamwork: It is imperative for an MBA in Pharmaceutical Management candidate to have teamwork skills to excel as a manager because while working for greater interests, it is important that all have to cast their differences aside and work together to achieve good results. 
    • Decision-making skills: Effective decision-making often requires you to identify many potential options, anticipate possible outcomes, consider the needs or wants of others impacted by the decision, understand the impact on a project, department & the organisation as a whole, and deliberate when under pressure.

    FAQs about MBA Pharmaceutical

    Should I study MBA in Pharmaceutical Management in India or abroad?

    Studying MBA in Pharmaceutical Management in India or abroad has its own pros and cons. In India, students have to bear less of the burden of the course fee whereas business schools abroad charge hefty tuition fees. However, studying abroad helps in global exposure and students get benefited from it.

    Which universities abroad provide MBA in Pharmaceutical Management?

    The universities abroad that provide MBA in Pharmaceutical Management are the University of Glasgow, Frankfurt School of Finance and Management, Amsterdam Business School, Columbia University, Boston University, and Rutgers University. Students can build networks and accelerate their careers by studying at these universities. 

    Is online mode better than full-time mode for studying MBA in Pharmaceutical Management?

    Though the online mode is more flexible and convenient for professionals, the full-time mode is more beneficial for students. In offline mode, they are able to interact with professors directly and get to learn from their peers. Online mode, on the other hand, helps them to pursue a job and higher education together.

    What are the benefits of studying MBA in Pharmaceutical Management?

    The benefits of studying MBA in Pharmaceutical Management can be learning business operations, pharmaceutical principles and advanced marketing strategies. It helps to improve the ability to plan and utilise appropriate technologies, as well as acquire consulting skills and solve management challenges.

    Who should study an MBA in Pharmaceutical Management?

    Individuals aspiring to attain planning management skills, consultancy skills, and expertise in resolving management issues must opt for an MBA in Pharmaceutical Management. An MBA in Pharmaceutical Management is ideal for individuals who are willing to develop skills in diagnosing, analysing, and solving operational problems in the delivery of pharmaceutical services.

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    Related Questions

    R

    Ramandeep Kaur, Student / Alumni

    I highly recommend LPU for an MBA degree based on the following things- The Business School of LPU is accredited by ACBSP, Accreditation Council for Business Schools and Programs from the USA ensuring quality education and industry-experienced faculty members, studying in LPU will get a degree accredited from a body of USA. LPU is ranked No. 2 among Indian B-Schools in 'Outreach and Inclusivity by NIRF ranking released by MHRD, Government of India. Placement: Every year more than 550+ companies visit LPU for placements. LPU has a very good placement and achieved awards for employability also. The main thing for placement that I liked there, LPU provides placement classes to the students from the very first year which helps students to be prepared for placement till their final year of the program. The maximum package available for the management programme is 21 lacs. per annum. Specialization offered in MBA: Agribusiness Management, Human Resource, Marketing, International Business, Financial Markets, Digital Market, Hospital and Healthcare, Business Analytics, Banking and Financial Services, Operations, Artificial Intelligence, Entrepreneurship, Information Technology, Auditing and Taxation, E-Commerce, Digital Marketing, Investment Banking, etc. Scholarships: LPU provides very good scholarships to bright students with good academic records, sports, or extracurricular activities achievement. LPU also helps students in the Education loan facility. Faculty: All faculty members are well qualified from IITs, NITs, IIMs, and top-ranked universities all over the world. Infrastructure: All the facilities are available on the campus itself, a student does not need to go outside for anything. On the campus, Central Library, Hospital facility is available 24*7 for staff and students, Shopping mall, Indoor Sports Stadium with 3 Olympic size Swimming Pools, Public/Private Sector Banks, ATM, etc. Ranking: 1. For Focus on Affordable and clean energy, LPU has 1st rank in India 2. For Decent Work and Economic Growth, LPU has 2nd rank in India 3. among the top 80 Universities in India 4. among the top 90 engineering colleges in India 5. among the top 50 business management schools in India 6. LPU ranks amongst the Top 200 universities of the world as per the prestigious ‘Times Higher Education Impact Rankings’ 2021, which assess universities against the United Nations’ Sustainable Development Goals (SDGs). 7. It is among the top 20 Indian organizations that have filed the highest number of patents in India in the last 10 years including IIT Madras. For more details, you may refer to the LPU website.
    S

    Shreya Sareen, CollegeDekho Expert

    Dear Student,

    There are many good MBA in Pharmaceutical Management colleges in India. Some of them are Sanjay Ghodawat University, KolhapurNIMS University, JaipurNSHM Knowledge Campus - Kolkata, KolkataChitkara University, SolanIIHMR University, Jaipur and Narsee Monjee Institute of Management Studies, Mumbai. You can visit the official website of these colleges to check their fee structure, infrastructure, rankings, placements and admission process. Besides this, you can also call on our toll-free number 18005729877. Our experts will help you find a good MBA college that fulfils your requirements. 

    You can check the articles provided below to know more about MBA admission process.

    MBA Admission Process 2021 - Last Date to Apply, Eligibility, Selection Criteria, Top B-Schools

    Direct MBA Admission Without Entrance Exam - Admission Process, Colleges and Fees

    For admission-related assistance, fill our Common Application Form.

    Thank You

    A

    Abhinav Chamoli, CollegeDekho Expert

    Dear Student,

    Some of the top colleges offering MBA in Pharmaceutical Management in the distance learning mode include:

    ICFAI University - DLP (ICFAIU-DLP), West Tripura

    Carreograph Institute Of Management Studies (CIMS), Kolkata

    Indian Institute of Commerce and Trade (IICT), Lucknow

    You can check this list of Distance MBA colleges in India or check the following articles for more related information:

    Distance Learning Courses in Management: Colleges, Fees, Eligibility, Application, Selection

    Distance MBA in India: Top Distance MBA Colleges, Courses & Fees

    MBA Pharma Colleges in India

    If you require help with admission to distance MBA colleges, fill the Common Application Form (CAF) or call our helpline number 18005729877.

    Thank you.

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