MBA in Pharmaceutical Management

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Feb 06, 2024 12:37PM IST

MBA in Pharmaceutical Management Overview

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. 

By studying MBA in Pharmaceutical Management subjects, a student learns 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. Read the complete information about MBA in Pharmaceutical Management provided on this page.

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MBA in Pharmaceutical Management Course Highlights

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

MBA in Pharmaceutical Management Course Highlights

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 exam, NMAT by GMAC exam, 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 Lakh to INR 10 Lakhs
Average Initial SalaryINR 3 LPA to INR 10 LPA
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.
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Why Choose 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.

Why Choose MBA in Pharmaceutical Management?
  • To comprehend the theory and practices 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 organizational 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 organizational 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 emphasized 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.
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What is an Online MBA in Pharmaceutical Management Degree?

An online MBA in Pharmaceutical Management is a great option for working professionals who wish to earn a degree without having to leave their jobs or attend traditional classroom settings. This course offers greater flexibility and access to abundant resources, making it an ideal choice for those who cannot attend regular classes. This program has received approval from regulatory bodies such as UGC, DEB, AICTE, and NAAC. The duration of the course may be longer than a typical MBA program, spanning between 2 and 4 years.

Candidates who apply for this course must have a bachelor's degree with a minimum aggregate of 50% and 45% marks for general category and reserved category candidates, respectively. This program is designed to equip participants with an in-depth understanding of the pharmaceutical industry, including management principles, policies, and practices. By the end of the program, graduates will have developed the necessary skills to excel in various roles within the pharmaceutical industry.

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What is the Difference Between MBA in Pharmaceutical Management and Master of Pharmacy?

The differences between an MBA in Pharmaceutical Management and a Master of Pharmacy (M.Pharma) have been tabulated below:

Point of DifferenceMBA in Pharmaceutical ManagementMaster of Pharmacy (M.Pharma)
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.
Duration2 Years2-3 Years
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 of 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.
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Types of MBA in Pharmaceutical Management Programs

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 2 years. Candidates must have obtained a bachelor's degree with a minimum aggregate of 50% marks. They must also have secured valid scores in national-level MBA exams like CAT, XAT, GMAT, SNAP, NMAT, CMAT, etc. 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. It enhances knowledge of how to recognize, evaluate, and solve operational issues in the provision of pharmaceutical services. The average annual pay stands at INR 7,00,000.

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 2 to 3 years to complete the programme. Candidates must have obtained a bachelor's degree with a minimum aggregate of 50% marks and performed exceptionally well in the GD/PI rounds. A part-time MBA in Pharmaceutical Management aims to assist professors and doctoral students with their research and instruction on the financial, managerial, and strategic issues that the biopharmaceutical business encounters.

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 obtained a bachelor's degree with a minimum aggregate of 50% marks. Additionally, they must have between 2 and 5 years of experience working for a pharmaceutical company. The work experience must be full-time and uninterrupted and should not include internships, projects, training periods, etc. The programme extensively covers case studies, both Indian and international. It is preferable if the candidates are recommended by the company. 

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 jobs 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 2 and 4 years. General category candidates and reserved category candidates must have obtained a bachelor's degree with a minimum aggregate of 50% and 45% marks, respectively. 

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 2 to 3 years and has received approval from UGC-DEB and AICTE. In this manner, aspirants are not required to attend regular classes. The admission process to a distance MBA in Pharmaceutical Management is merit-based. The minimum eligibility criteria for a distance MBA programme include a Bachelor’s degree with a minimum aggregate score of 50%, valid scores in entrance exams like CAT, XMAT, XAT, MAT, and a minimum of 3 years of full-time professional experience. The average fee for the course ranges from INR 50,000 to 1,50,000 annually. IIPM Lucknow’s Pharmaceutical Management / Marketing MBA is the only industry-specific course designed for Pharmaceutical Professionals.

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MBA in Pharmaceutical Management Eligibility Criteria

Meeting the eligibility criteria is a basic requirement that aspirants must fulfil when applying for courses like MBA in Pharmaceutical Management. Although the eligibility requirements for an MBA in Pharmaceutical Management are similar to those of other MBA courses, candidates must check the official website of their preferred colleges before applying. Students must meet the following eligibility requirements to pursue an MBA in Pharmaceutical Management:

  • Bachelor’s degree of minimum 3 years duration in any discipline from a recognized university with minimum aggregate marks of 50%. 
  • Reserved category candidates (SC/STs) can avail themselves of a relaxation of 5%, which makes the minimum qualifying scores 45%.
  • Candidates must have acquired their B Pharmacy degree from a college recognized 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 nationalized 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.

Skills Required for MBA in Pharmaceutical Management

  • 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: To possess a managerial role in marketing, candidates need to develop the skills of analysing certain situations and enhancing 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: An MBA in Pharmaceutical Management candidate must 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.
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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 an 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 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 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 by GMAC: NMAT by GMAC is an important national-level MBA entrance test leading to MBA admission in top MBA colleges. GMAC is the exam conducting body for NMAT by GMAC. NMAT exam scores will be accepted for MBA admission in NMIMS Mumbai; SPJIMR Mumbai (PGMPW); ISB (Certificate program); VIT Vellore; XIM Bhubaneswar and many other MBA colleges in India. 

LPUNEST Exam: The LPUNEST exam 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). 

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List of Popular MBA in Pharmaceutical Management Specializations

The aim of the MBA in Pharmaceutical Management programme is to give students a general understanding of the pharmaceutical industry, which includes information on drug discovery, regulatory requirements, approval procedures, and the industry's methods for adhering to these rules, as well as the function of key operational units in the manufacturing of pharmaceuticals. 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 typically includes the following specializations: 

  • 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 organizations, healthcare systems, and networks fall under the purview of healthcare management. Healthcare organizations 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 caliber 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.
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MBA in Pharmaceutical Management Admission Process in India

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 types have been elaborated on below.

MBA in Pharmaceutical Management Admission Process in India

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 Interviews. As the GD and PI rounds 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 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 apply 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.
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Direct MBA in Pharmaceutical Management Admission Process Without Entrance Exam

If you want to pursue an MBA in Pharmaceutical Management without taking the entrance exams, you can apply to colleges that offer direct admission based on merit. Keep in mind that some universities follow a first-come, first-served policy, so it's advisable to apply early to increase your chances of getting accepted. Before applying, you should research and choose universities that match your interests and preferences. Different universities have different admission requirements, so make sure you fulfil all the prerequisites before applying.

To be eligible for admission, you must have at least 50% marks in your graduation degree from any discipline, and having 1-3 years of work experience can be an added advantage. If you don't meet the regular admission criteria, universities may offer admission through management quota or institute-level quota seats. Even for these seats, you must have a minimum aggregate of 50% marks in your bachelor's degree.

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MBA in Pharmaceutical Management Fees in India

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 InstituteAverage Course Fees (in INR)
PUMBA Pune1,32,388
School of Management Dr. DY Patil University8,40,000
Faculty of Pharmacy MS Ramaiah University of Applied Sciences, Bangalore 4,68,500
NIPER Mohali3,51,660
NIPER Hyderabad3,51,660
University Institute of Applied Management Sciences, Chandigarh5,04,740
SPJIMR Mumbai8,75,000
SIBM Pune7,68,000
NMIMS Mumbai9,25,000
Alliance University, Bangalore6,25,000
Amity University, Noida3,40,000
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MBA in Pharmaceutical Management Syllabus

Individuals can avail themselves of ample options when it comes to specializations 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 ISemester IISemester IIISemester IV
  • Management Principles and Practice
  • Managerial Economics
  • Financial Accounting and Analysis
  • Statistics for Management
  • Legal Aspects of Business
  • Business Environment
  • Business Communication
  • Computer Applications in Management
  • Corporate Ethics and Governance
  • Managerial Communication
  • Accounting and Costing for Managers
  • Organizational Behaviour
  • Management Accounting
  • Operations Research
  • Marketing Management
  • Financial Management
  • Human Resource Management
  • Production and Operations Management
  • Management Information System
  • Environment Management and Sustainable Development
  • Entrepreneurship and New Venture Planning
  • Global Business Environment
  • Strategic Management
  • International Business
  • Research Methodology
  • Supply Chain Management for Pharmaceutical
  • Global Marketing Management
  • Personality and Aptitude Building for Managers
  • Purchasing and Vendor Management
  • Sales and Services Management
  • Digital Marketing and Brand Management
  • Entrepreneurship Development
  • Corporate Social Responsibility and Corporate Governance
  • Healthcare Services Management
  • R & D and Technology Management
  • Epidemiology and Public Health Management
  • Disaster and Risk Management
  • Intellectual Property Rights
  • Working Capital for Manager
  • Retail Management
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Top Private MBA in Pharmaceutical Management Colleges in India

The most renowned private colleges in India offering an MBA in Pharmaceutical Management with their fees and NIRF Ranking 2023 have been tabulated below:

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Top Government MBA in Pharmaceutical Management Colleges in India

Check out the top government MBA in Pharmaceutical Management colleges in India with their fees and NIRF Ranking 2023.

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Career Options 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:

  • Pharmacist: As an expert in medication, a pharmacist can work in a hospital, a community setting, or a retail drug shop and pharmacy. In addition to dispensing drugs, pharmacists are also responsible for drug development, marketing, and distribution.
  • Market Researcher and Drug Developer: Market research analysts research and accumulate information to help an organization market its items or administrations. They assemble information on purchaser socio-economics, inclinations, needs, and purchasing propensities.
  • Biochemist: Biochemists study the behaviour of living organisms at the molecular level to understand the processes that occur. To investigate the effect of medications and food on biological processes, biochemists analyze DNA, enzymes, and other substances. They use advanced technology to determine the structure of molecules.
  • Drug Inspector: Drug inspectors play an essential role in ensuring the safety, efficacy, and dependability of drugs. They are responsible for examining food or medicine at different stages of the manufacturing process to ensure that they meet the required quality standards. Additionally, they are in charge of implementing safety regulations and creating protocols for inspecting pharmaceutical products.
  • 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 the store network.
  • Healthcare Information Manager: Health information managers (HIM) coordinate, administer, and secure patient well-being data information which incorporates side effects, analysis, clinical chronicles, test results, and methodology.

MBA in Pharmaceutical Management Salary in India

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

Level of ExperienceAverage Salary
0 - 1 yearINR 7 LPA
1 - 3 yearsINR  12 LPA
Above 5 yearsINR  20 LPA

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

Job ProfileAverage Salary
Drug Distribution ManagerINR 6.55 LPA
Sales ManagerINR 4.90 LPA
Market Researcher & Drug DeveloperINR 6.70 LPA
Pharmaceutical Purchase ManagerINR 8.42 LPA
Formulation PharmaceuticalINR 6 LPA
Technology ScientistINR 10.80 LPA
Regional/ Zonal Sales ManagerINR 13.30 LPA
Product Marketing ManagerINR 16 LPA
Production and Quality Control ManagerINR 7.80 LPA

Top MBA in Pharmaceutical Management Recruiters

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:

CiplaFortisCadila Healthcare
Abbott IndiaPiramal HealthcareApollo Life
Columbia AsiaRanbaxy LaboratoriesDabur India Ltd.
Max HealthcareWipro GE HealthcareRegeneron Pharmaceuticals
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FAQs about MBA Pharmaceutical

What are the focus areas of an MBA in Pharmaceutical Management?

The focus areas of an MBA in Pharmaceutical Management are transforming graduates into skilled managers and helping them flourish in the fields of Sales and Marketing, Business Development profiles, and Market Research domains. It is also designed to inform students about drug discovery, regulatory requirements and approval processes.

Who are the top recruiters of MBA in Pharmaceutical Management?

Students with an MBA in Pharmaceutical Management get opportunities to work in top pharmaceutical companies. They are generally hired by Abbott, AstraZeneca, Braun, Boston Scientific, Cipla, Fortis, Glenmark, Himalaya Herbals, Intas, Lupin, Mankind Sun Pharma, Roche, and other popular companies.

Are internship opportunities provided to students pursuing MBA in Pharmaceutical Management?

Yes, industry internship is an important part of the course curriculum for students pursuing MBA in Pharmaceutical Management. The internship is designed to give students a peak into the workings of the industry without restricting them to theoretical concepts. Industry supervisors rigorously evaluate the performance of students which helps them build their careers.

Can I study MBA in Pharmaceutical Management after 12th?

No, it is not possible to study MBA in Pharmaceutical Management after 12th as it is a postgraduate degree. One has to complete graduation/bachelor's in order to be eligible for the course. Also, some institutes may require candidates to have relevant work experience.

Can I get direct admission to MBA in Pharmaceutical Management?

Yes, there is a provision to get direct admission to MBA in Pharmaceutical Management. However, the admissions then will be on a first-come-first-serve basis. Students with work experience are given preference. The final selection is done on the basis of the candidate’s portfolio.

Is there any cut-off for MBA in Pharmaceutical Management?

There is no particular cut-off for MBA in Pharmaceutical Management. Every business school decides its own cut-off, below which students are not considered for admissions. Also, every year, the cut-off score varies. Students must check the cut-off of the applicable year and set their target score above the cut-off in order to grab their seats.

Is there any age limit to pursue MBA in Pharmaceutical Management?

No, there is no upper or lower age limit to pursue MBA in Pharmaceutical Management. That said, it is a course that is mostly studied by candidates who are above 20 years of age and the general age range of students is between 25 and 30 years. 

Is work experience mandatory for MBA in Pharmaceutical Management?

No, work experience is not mandatory for MBA in Pharmaceutical Management. Nevertheless, candidates with two to five years of experience are highly preferred by business schools. Still, you must not feel disheartened if you do not have the required work experience.

Is MBA in Pharmaceutical Management expensive?

Yes, MBA in Pharmaceutical Management is an expensive course. Students have to shell out a few lakhs to pay the course fees. Hence, they should arrange for the money first and then try for MBA admissions.

When to pursue an MBA in Pharmaceutical Management?

Students must pursue an MBA in Pharmaceutical Management in the below-mentioned cases:

  • Individuals may pursue an MBA in Pharmaceutical Management after gaining a minimum of 2-5 years of professional experience.
  • Individuals must pursue MBA in Pharmaceutical Management programme when they are ready to obtain skills in Planning & Operating Management techniques, acquire consultancy skills, and solve management problems. 

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.

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.

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.

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. 

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.

What is an MBA in Pharmaceutical Management?

MBA in Pharmaceutical Management program deals with the theoretical and practical aspects of Pharmacy. The primary aim of the MBA in Pharmaceutical Management course is to produce skilled professionals for managerial and related positions in the Pharmaceutical industry. The MBA in Pharmaceutical Management course is a study of the health & chemical sciences, and management and marketing strategies. The MBA in Pharmaceutical Management is a 2-year course, which is divided into 4 semesters of study. 
 

What is the MBA in Pharmaceutical Management admission process?

The MBA in Pharmaceutical Management admission process includes an Entrance Exam, Group Discussion, and Personal Interview. 

What are the MBA in Pharmaceutical Management entrance exams?

The MBA in Pharmaceutical Management entrance exams comprise the CAT exam, CMAT exam, XAT exam, MAT exam, NMAT exam, GMAT exam, etc. 

What is the MBA in Pharmaceutical Management syllabus?

An MBA in Pharmaceutical Management syllabus encompasses 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, etc.

Why should one study MBA in Pharmaceutical Management?

Pharmaceutical Management is one of the fastest-growing and rewarding fields of Management courses that has a bright future. The MBA in Pharmaceutical Management salary package ranges from INR 3,00,000 to 10,00,000 per annum. The average CTC offered by companies in some reputed institutes can reach as high as INR 15,00,000 to 20,00,000. If an individual wishes to establish a business himself in the pharmaceutical industry then the MBA in Pharmaceutical Management program might become the stepping stone for this endeavour. 

How many Courses are there under MBA in Pharmaceutical Management?

The most common courses found under the purview of an MBA in Pharmaceutical Management are:

  • MBA in Pharma Tech
  • MBA in Pharmaceutical Marketing
  • MBA in Healthcare Management
  • MBA in Drug Store Management
  • MBA in Sustainable Development
  • MBA in Pharmaceutical Management
  • MBA in Pharma Business Management
  • MBA in Pharma Sales & Marketing Management
  • Pharma Product Management
  • Financing Pharmaceuticals
  • Pharma Production Management
  • Pharmaceutical Policy, Laws & Regulations
     

Is CAT compulsory for an MBA in Pharmaceutical Management?

Yes, CAT is compulsory for an MBA in Pharmaceutical Management. Other than this,  candidates can qualify for any national-level entrance examination such as MAT/GMAT/XAT/CMAT, etc. to become eligible for an MBA in Pharmaceutical Management.

What is the duration of MBA in Pharmaceutical Management course?

MBA in Pharmaceutical Management has a duration of two years which is usually completed in four semesters or six trimesters in college. Part-time and online MBA programmes take longer than traditional MBA. One may require 3-4 years to complete the course in such cases.

Is an MBA in Pharmaceutical Management a good option?

An MBA in Pharmaceutical Management is an excellent option because it helps an individual 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. 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. 

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Related Questions

a

ankita, Student / Alumni

-Answered on Sept-22-2023
Let me tell you this thing that if you wanted to take admission in MBA that the eligibility for that is the applicant need to pass with 55% aggregate marks in bachelor's degree any discipline or equivalent, subject to qualifying LPUNEST or CAT or MAT or XAT or NMAT or CMAT and Interview.
a

ankita, Student / Alumni

-Answered on Apr-26-2023
Being a management student of this university, I would say a big NO if you really wanted to do MBA than just go for LPU it is best university for management and yes for other subjects also. Industrial exposure, Internships are there and moreover best placements opportunities for management students are there in the university. According to LPU officials they usually say that they provide 100% placements to all the eligible and placement aspiring candidates. 500+ companies visit to the campus and university provide them the best of the candidates who are already industry ready. People who think that they can study from where ever and it will be best for them, then I am sorry to say this, that if u what to study for just a piece of a paper then please go ahead these universities/collages are no harm. In LPU students can opt two specialisations it is dual specialisation course. So, students can opt any two specialization from almost 24 or + options. It is two year programme, in which first year in general and in second year specialisation come. There is related programmes are like, tie- up programmes, international credit transfer programmes and you can opt MBA in specific specialization like hospital and healthcare management, international business and tourism and hospitality.
A

Abhinav Chamoli, CollegeDekho Expert

-Answered on Oct-10-2020

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.