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.
The table below demonstrates the most significant highlights of the MBA in Pharmaceutical Management program:
|Full Course Name||Master of Business Administration in Pharmaceutical Management|
|Course Duration||2 years|
|Examination Type||Semester System|
|Minimum Eligibility||Bachelor’s degree with a minimum aggregate score of 50% (45% for SC/ST candidates)|
|Admission Process||Entrance Exam + Group Discussion + Personal Interview|
|Entrance Exams||CAT exam, CMAT exam, XAT exam, MAT exam, NMAT exam, the GMAT exam|
|Types of Programmes||Full Time, Part Time, Distance, Online|
|Average Annual Fees||INR 1,00,000 to INR 10,00,000|
|Average Initial Salary||INR 8 Lakh per annum (INR 3 to 10 Lakhs)|
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:
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.
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:
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.
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.
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.
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.
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.
The subjects offered under different MBA in Pharmaceutical Management specialisations have been tabulated below:
|MBA in Pharmaceutical Management Specialisation||Syllabus|
|Pharmaceutical Marketing Management|
|Pharmaceutical Policy, Laws & Regulations|
|Drug Store Management|
|Pharma Production Management|
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).
Students must meet the following eligibility requirements in order to pursue an 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:
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.
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.
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 Institute||NIRF Ranking||Exam Accepted|
|SPJIMR Mumbai||18||GMAT, NMAT, CAT, XAT, GRE|
|NMIMS Mumbai||24||NMAT by GMAC|
|Alliance University, Bangalore||39||ATMA/ GMAT/ CAT/ NMAT/ XAT/ MAT/ CMAT/ KMAT|
|Amity University, Noida||41||CAT/ MAT/ GMAT/ XAT|
|Chandigarh University, Chandigarh||51||Chandigarh University Common Entrance Test (CUCET)|
|NIMS University, Jaipur||-||NIMSEE/ CAT/ MAT/ CMAT/ GMAT|
An international MBA in Pharmaceutical Management degree is a sought-after credential by many individuals for the following reasons:
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, Netherlands||Executive MBA in Healthcare Management|
|University of Maryland, USA||MBA in Pharmaceutical Management|
|Layal University, Canada||MBA in Pharmaceutical Management|
The following eligibility requirements for admission to an MBA in Pharmaceutical Management have been set forth by various states:
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.
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.
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.
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.
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.
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
|PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University Course Fee||1,32,388|
|DYPUSM Mumbai - School of Management Dr. DY Patil University Course Fee||8,40,000|
|School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai Course Fee||12,64,000|
|Faculty of Pharmacy MS Ramaiah University of Applied Sciences, Bangalore Course Fee||4,68,500|
|NIPER Mohali - National Institute of Pharmaceutical Education and Research SAS Nagar Course Fee||3,51,660|
|NIPER Hyderabad - National Institute of Pharmaceutical Education and Research Course Fee||3,51,660|
|University Institute of Applied Management Sciences, Chandigarh Course Fee||5,04,740|
|SPJIMR Mumbai Course Fee||8,75,000|
|SIBM Pune Course Fee||7,68,000|
|NMIMS Mumbai Course Fee||9,25,000|
|Alliance University, Bangalore Course Fee||6,25,000|
|Amity University, Noida Course Fee||3,40,000|
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 Practice||Organisational Behaviour|
|Managerial Economics||Management Accounting|
|Financial Accounting and Analysis||Operations Research|
|Statistics for Management||Marketing Management|
|Legal Aspects of Business||Financial Management|
|Business Environment||Human Resource Management|
|Business Communication||Production and Operations Management|
|Computer Applications in Management||Management Information System|
|Corporate Ethics and Governance||Environment Management and Sustainable Development|
|Managerial Communication||Entrepreneurship and New Venture Planning|
|Accounting and Costing for Managers||Global Business Environment|
|Semester III||Semester IV|
|Strategic Management||Entrepreneurship Development|
|International Business||Corporate Social Responsibility and Corporate Governance|
|Research Methodology||Healthcare Services Management|
|Supply Chain Management for Pharmaceutical||R & D and Technology Management|
|Global Marketing Management||Epidemiology and Public Health Management|
|Personality and Aptitude Building for Managers||Disaster and Risk Management|
|Purchasing and Vendor Management||Intellectual Property Rights|
|Sales and Services Management||Working Capital for Manager|
|Digital Marketing and Brand Management||Retail Management|
The curriculum for the MBA in Pharmaceutical Management course encompasses the following:
|Drug structure||Pharmacology and Microbiology|
|Biopharmaceutics||Pharma Logistics Management|
|Drug Design||Pharmaceutical Marketing and Research|
|Infection and Immunity||Pharmaceutical Manufacturing and Control|
|Pharmaceutical Policy||Fundamentals of Pharmaceutical Sciences|
|Business Analytics||Introduction to Physiology and Human Anatomy|
|Marketing Management||Scientific skills and methods in pharmaceutical sciences|
Along with core MBA modules and electives, students will study courses such as:
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 Difference||MBA in Pharmaceutical Management||Master of Pharmacy (M.Pharm)|
|Overview||MBA 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 area||MBA (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 Prospects||Some 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.|
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.
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:
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 Experience||Average Salary (per annum)|
|0 - 1 year||Rs. 7,00,000|
|1 - 3 years||Rs. 12,00,000|
|Above 5 years||Rs. 20,00,000|
The job profiles and salary packages for MBA in Pharmaceutical Management graduates have been tabulated below:
|Job Profile||Salary 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|
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:
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:
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.
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.
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.
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.
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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