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MBA Pharmaceutical Management: Course Details, Admission, Fees, Eligibility, Syllabus, Jobs & Salary

Updated By Shreya Sareen on 11 May, 2022
Average Duration
2 years
Average Fee
20 K-6 L INR annual
Exams Accepted
CAT, XAT, GMAT ...

MBA in Pharmaceutical Management Overview

MBA in Pharmaceutical Management focuses on the study of Pharma Science and Technology aligned with various marketing and business strategies. India is known as the “World’s Pharmacy”; therefore, an MBA in Pharmaceutical Management will surely be beneficial for the student and also boost the Pharma sector. Pharmaceutical Management is one of the fastest-growing and rewarding fields of Management courses that has a bright future.

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. MBA in Pharmaceutical Management is a postgraduate course with a focus on the management and business practices in the pharmaceutical industry. The 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 an amalgamation of the study of health & chemical sciences, and management and marketing strategies.

The MBA in Pharmaceutical Management is a 2-year course and is generally divided into 4 semesters of study. 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 MBA in Pharmaceutical Management course equips the students with necessary skills such as business development, sales and marketing, consultancy and planning, analysis, research, sales, consultation, administration, and distribution, and operations management.

MBA in Pharmaceutical Management Course Highlights

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

Particulars

Details

MBA in Pharmaceutical Management Full Course Name

Master of Business Administration in Pharmaceutical Management

MBA in Pharmaceutical Management Course-level

Post-graduate

MBA in Pharmaceutical Management Course Duration

2 years

MBA in Pharmaceutical Management Examination Type

Semester System

MBA in Pharmaceutical Management Eligibility

Bachelor’s degree with a minimum aggregate score of 50% (45% for SC/ST candidates)

MBA in Pharmaceutical Management Admission Process

Entrance Exam + Group Discussion + Personal Interview 

MBA in Pharmaceutical Management Entrance Exams

CAT exam, CMAT exam, XAT exam, MAT examNMAT exam, the GMAT exam

MBA in Pharmaceutical Management Programs

Full Time, Part Time, Distance, Online

MBA in Pharmaceutical Management 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

MBA in Pharmaceutical Management Fees

INR 80,000 to INR 10,00,000

MBA in Pharmaceutical Management Average Salary

NR 7 Lakh per annum (INR 3 to 10 Lakhs)

MBA in Pharmaceutical Management Job Profiles

Biochemist

Drug Inspector

Sales Managers

Market Research Analyst

Pharmaceuticals Distributors

Consultant and Project Manager

Pharmaceutical Purchase Manager

MBA in Pharmaceutical Management Top Recruiters

Cipla

Abbott India

Genzyme

Dabur India Ltd.

Ranbaxy Laboratories

Sun Pharmaceutical Industries Ltd.

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. 
  • The ideal age to pursue an MBA MBA in Pharmaceutical Management is 26-29 years.

Who should Study an MBA in Pharmaceutical Management?

It is imperative for the following students to pursue an MBA in Pharmaceutical Management to give a boost to their careers:

  • Professionals with around two to five years of work experience who want to launch or accelerate a career in Pharmaceutical Management or at a multinational company must 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.
     

Why Study an MBA in Pharmaceutical Management?

Pharmaceutical Management is one of the fastest-growing and rewarding fields of Management courses that has a bright future. Listed below are some of the reasons why an individual must study an MBA in Pharmaceutical Management:

  • One must study an MBA in Pharmaceutical Management to understand the concept and technique of modern management and their application in making the managerial role of the student efficient and effective.
  • An MBA in Pharmaceutical Management develops planning abilities among individuals that enable them to demonstrate effective planning abilities including time management, resource management, delegation skills, and organizational skills, develop and implement plans and organize work to meet deadlines.
  • The MBA in Pharmaceutical Management course focuses on both the theoretical and the practical aspects of Pharmacy. Its curriculum encompasses various assignments, presentations, quizzes, and internships that provide hands-on industrial experience to the students.
  • 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 of his own 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?

MBA in Pharmaceutical Management is designed to provide the students with an overview of the pharmaceutical industry, including information about drug discovery, regulatory requirements, approval processes, and the methodologies used by the industry to comply with these regulations and the role of key operational units in drug manufacturing processes. 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

MBA in Pharmaceutical Management List of Popular Courses

An MBA in Pharmaceutical Management enables the students to develop skills in planning & operating management techniques, acquire consultancy skills and learn to solve management problems. 

The most common courses found within MBA in Pharmaceutical Management include:

  • Pharmaceutical Marketing: Pharma marketing refers to the digital and offline strategies used to attract new patients and increase awareness around a specific drug or treatment plan. Pharma marketing can either be geared towards physicians or towards selling directly to consumers.
  • Healthcare Management: Health care management encompasses the efforts involved in planning, directing, and coordinating nonclinical activities within health care systems, organisations, and networks. Healthcare providers are always looking for experts in operational management to improve processes, raise quality and reduce costs – essentially to help health professionals deliver better, faster care at affordable prices. 
  • Drug Store Management: It is also called a retail pharmacy, which oversees the supply of drugs to the hands of the patients/consumers or provides services to the patients/consumers. Drug Store Management encompasses checking the quality of raw materials/drugs/medical devices, the amount of drugs in stock, economies of large-scale purchase, inventory control, etc. 
  • Drugstore and Business Management: It deals with the practical steps in solving the problems of the management of pharmacies and drug stores, setting up one’s own business in the pharmaceutical sector, creating the concepts learned into personal practice focusing on professionalism, knowledge about the legal requirement to open a drug store, and knowledge about the concept of accounting, Sales promotion, Stock management. 
  • Pharma and Sales Management: It involves the sales of Pharmaceutical products, which may include medicines, surgical devices, consumables of any form, machines, and equipment used in surgeries is called Pharma Sales. The target audience is doctors of any kind, chemists, and/or purchasers in charge in hospitals or pharmacies.

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.

MBA in Pharmaceutical Management Course Types

Different types and modes of MBA in Pharmaceutical Management courses are available that are directed to specific sections of students or working professionals. The various types of MBA in Pharmaceutical Management courses have been tabulated below:

Type of MBA in Pharmaceutical Management

      Eligibility

Duration

                              Key Highlights

Full-time MBA in Pharmaceutical Management

Bachelor’s degree with 50% marks + valid scores in national-level MBA exams like CAT, XAT, GMAT, SNAP, NMAT, CMAT

2 years


 
  • It enables an individual to gain knowledge and comprehension of the core and basic knowledge associated with the profession of pharmacy, including biomedical sciences, pharmaceutical sciences, behavioural, social, and administrative pharmacy sciences, and manufacturing practices.
  • It develops skills in diagnosing, analysing, and solving operational problems in the delivery of pharmaceutical services.
  • The average salary stands at INR 7 lakhs per annum.

Part-time MBA in Pharmaceutical Management

Graduation with minimum 50% + performance in GD+PI

2-3 years

  • A part-time MBA in Pharmaceutical Management is a perfect fit for applicants who work full-time and don't yet hold leadership positions. These students tend to be 25 to 33-years-old.
  • Working professionals take MBA in Pharmaceutical Management classes after work, either in the evenings or on weekends.
  • A Part-time MBA in Pharmaceutical Management aims to support faculty and doctoral students in their research and teaching of economic, managerial, and strategic issues confronting the biopharmaceutical industry.
  • IICT Business School Lucknow, Infinity Education Services Noida, Global Shiksha institute Bangalore, etc. are leading institutes offering a Part-time MBA in Pharmaceutical Management.

Executive MBA in Pharmaceutical Management

50% marks in graduation + minimum 3 years of full-time experience

2 years

  • It focuses on those working men and women executives/managers who are already graduates and are working in Pharmaceutical Companies.
  • Case studies, both Indian and international will be used extensively in this program.
  • Classes will be conducted on Saturdays and Sundays from 09.30 am - 05:30 pm.
  • Candidates must have work experience in a pharmaceutical company. The work experience should be full-time experience and should not include internships, projects, training periods, etc. The company's recommendation is preferred.

MBA in Pharmaceutical Management Online

50% marks (45% for SC/ST) in graduation in any discipline

2-4 years

  • Online MBA in Pharmaceutical Management is an excellent option for working professionals who are not willing to quit their jobs for pursuing a degree and cannot attend regular classes because of its increased flexibility and access to unlimited resources. 
  • Online MBA in Pharmaceutical Management has been approved by UGC, DEB, AICTE, and NAAC.

Distance MBA in Pharmaceutical Management

Bachelor’s degree with a minimum aggregate score of 50% + entrance tests like CAT, XMAT, XAT, MAT + minimum 3 years of full-time experience

1-3 years

  • It is approved by UGC-DEB and AICTE. 
  • Candidates do not need to attend regular classes.
  • IIPM Lucknow’s Pharmaceutical Management / Marketing MBA is the only industry-specific course designed for Pharmaceutical Professionals.
  • A Distance MBA in Pharmaceutical Management is a perfect fit for applicants who want to keep working and earning as they obtain an MBA in Marketing.
  • The average fee for the course ranges from INR 50,000 to 1,50,000 annually.
  • Top colleges offering a Distance MBA in Pharmaceutical Management course are Don Bosco University Global Center for Open and Distance Education, Assam, Bharathiar University, Tamil Nadu, and Suresh Gyan Vihar University, Rajasthan.

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 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. 

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. Once the results are out, institutes will release their cut-off. Candidates securing the cut-off scores become eligible for Group Discussion/Personal Interview.
The eligibility criteria for seeking direct admission into MBA in Pharmaceutical Management without taking the entrance exams have been mentioned below:

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 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 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 Institute

NIRF Ranking

Exam Accepted

SPJIMR Mumbai

18

GMAT, NMAT, CAT, XAT, GRE

SIBM Pune

22

SNAP

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

LPU Jalandhar

49

LPUNEST

Chandigarh University, Chandigarh

51

Chandigarh 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:

  1. 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.
  2. 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. 
  3. An individual pursuing an MBA in Pharmaceutical Management program abroad can build an international network of professionals. 
  4. An MBA in Pharmaceutical Management abroad bridges communication gaps across cultural and physical boundaries.
  5. 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, Netherlands

Executive MBA in Healthcare Management

University of Maryland, USA

MBA in Pharmaceutical Management

Layal University, Canada

MBA in Pharmaceutical Management

State-wise MBA in Pharmaceutical Management Admissions

Different states have set different eligibility standards for admission to MBA in Pharmaceutical Management that have been mentioned below:

MBA in Pharmaceutical Management Admission in Maharashtra

The most eminent institutes for MBA in Pharmaceutical Management admissions in Maharashtra are PUMBA Pune, IIT Bombay, DYPUSM Mumbai, School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai, etc. For seeking admission to the finest MBA colleges in Maharashtra, graduates from any stream (minimum 3-year degree) can apply if they possess a minimum aggregate score of 50%. In addition, a minimum of 2-3 years of work experience is preferred. However, possessing work experience is not mandatory. Candidates seeking admission to the top MBA colleges in Maharashtra must qualify for the Maharashtra Common Entrance Test or MAH CET which is a management entrance test. It is officially known as MAH MBA/MMS-CET. The MAH CET exam is conducted by the State Common Entrance Test Cell, Maharashtra. Candidates must also take nationalised entrance tests like CAT/ GMAT/ GRE, etc. 

MBA in Pharmaceutical Management Admissions in Delhi/NCR

Top institutes in the Delhi/NCR region offering an MBA in Pharmaceutical Management include the Delhi Institute of Pharmaceutical Sciences and Research, IIMR Pharma Business School, Jamia Hamdard, New Delhi, among others. The student must be a graduate from a college recognized by the Pharmacy Council of India (PCI) with at least 50% marks in B Pharma to seek admission to these colleges. Qualification in entrance exams such as CAT, XAT, SNAP, NMAT, or CMAT is required. 

MBA in Pharmaceutical Management Admissions in Gujarat

Gujarat is the abode of the three most recognised institutes offering MBA in Pharmaceutical Management courses in India such as Ganpat University (GUNI), Ahmedabad, Swarrnim Startup and Innovation University, Ahmedabad, Centre for Management Studies and Research, Kherva Mehsana. The Gujarat Common Entrance Test (GCET) is an annual common entrance exam for MBA and MCA studies in Gujarat, India, since 2002. Candidates also need to qualify for nationalised entrance exams like CAT, MAT, ATMA, SNAP, AIMAT, etc. for seeking admission to the top  MBA colleges in Gujarat. 

MBA in Pharmaceutical Management Admissions in Karnataka 

Bangalore is home to the most recognised institutes for MBA in Pharmaceutical Management courses in India such as the Faculty of Pharmacy MS Ramaiah University of Applied Sciences, Bangalore, J.S.S. Dental College and Hospital, JSS Academy of Higher Education and Research, Mysore, IIHMR, Bangalore. Most MBA colleges in Bangalore provide admissions to MBA in Pharmaceutical Management on the basis of state-level MBA entrance exams like KMAT, Karnataka PGCET, and national-level MBA entrance exams like CAT, MAT, CMAT, ATMA, SNAP, and XAT. 

MBA in Pharmaceutical Management Admissions in West Bengal 

West Bengal provides admission to MBA in Pharmaceutical Management on the basis of a state-level entrance exam like JEMAT and national-level MBA entrance exams like CAT, MAT, CMAT, ATMA, SNAP, and XAT. The most eminent MBA colleges in West Bengal are Adamas University, Kolkata, and Haldia Institute of Management, Haldia. The student must be a graduate with at least 50% marks in B Pharma to seek admission to these colleges. Qualification in entrance exams such as CAT, XAT, SNAP, NMAT, or CMAT is required.

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 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

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 Specialisation

Syllabus

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

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.

Course Curriculum for MBA in Pharmaceutical 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:

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

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 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

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 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

Skills that Make you the Best Product Marketing Manager

While one will obviously need more technical skills to be involved in the R&D and production of pharmaceuticals, there are skills that companies will be looking for in management that an MBA can really help with. 

The following skills make one the best Product Marketing Manager:

  • Leadership skills
  • Technical skills
  • Creative skills
  • Analytical skills
  • Organisational skills
  • Communication skills
  • Creativity & problem-solving skills
  • Research & analytics skills
  • Marketing skills (including copywriting) 
  • Strategic planning & business skills
  • Empathy & the ability to connect with customers on different levels

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.

FAQs about MBA in Pharmaceutical Management

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?

Candidates must qualify for any nationalised entrance examination such as CAT/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 colleges.

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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Which are the best colleges for MBA Pharmaceutical Management?

-yash patilUpdated on January 28, 2021 05:35 PM
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Shreya Sareen, CollegeDekho Expert

Dear Student,

There are many good MBA in Pharmaceutical Management colleges in India. Some of them are Sanjay Ghodawat …

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What are the top colleges offering pharma MBA in distance mode and what are their fee structures?

-AnonymousUpdated on October 10, 2020 04:05 PM
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Dear Student,

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

ICFAI University …

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What is the fee and eligibility for MBA in Pharma from Vishwa Vishwani Institute of Systems and Management, Hyderabad?

-AnonymousUpdated on July 23, 2020 07:47 PM
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Dear Student,

The eligibility criteria for pursuing MBA Pharma from Vishwa Vishwani Institute of Systems and Management, Hyderabad is graduation …

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