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MBA in Pharmaceutical Management Highlights
| Duration |
2 Years |
| Course Level |
Postgraduate |
| Examination Type |
Semester System |
| Eligibility |
Graduation from a recognized university with a minimum aggregate score of 50%(45% for SC/ST candidates). |
| Admission Process |
Entranced/ Merit based |
| Top Entrance Exams |
CAT, CMAT, NMAT, SNAP, XAT, etc |
| Course Fee |
INR 1 Lakh to 10 Lakhs per year |
| Average Starting Salary |
INR 3 to 10 Lakhs |
| Top Recruiting Companies |
Ranbaxy Laboratories, Dabur India Ltd., Central WareHousing Corp., Infosys, Cipla, Abbott India, Lupin, Sun Pharma, Dr Reddy’s lab, Piramal etc. |
| Top Job Profiles |
Pharmaceuticals Distributors, Pharmaceutical Purchase Manager, Formulation Pharmaceutical Technology Scientist, Sales Managers, Consultant and project manager, Market researcher and analyst etc. |
About MBA in Pharmaceutical Management
MBA stands for Master in Business Administration and is a professional Degree which sets the ground for candidates to take vital choices in the Business world. The duration of this expert qualification is usually two years.
Now after knowing what an MBA is let's discuss what Pharmacy is. It is the science that deals with the preparation, dispensing and reviewing of the Medicinal Drugs. Pharmacists are professionals concerned with the quality of the Medicines provided to the patients.
What is Pharmaceutical Management?
In simple words, the advanced study of Pharmaceutical science and technology along with multiple strategies of marketing Business is Pharmaceutical Management. Pharmaceutical Industry is one of the largest markets in terms of volume and provides a career to many aspiring candidates. Pharmaceutical Management is one of the quickest developing and pleasant areas of Management Fields which has a brilliant tomorrow to it.
MBA in Pharmaceutical Management
It is an integrated programme related to the Pharmaceutical Sector. Advanced classroom speeches, extended fieldwork, club projects and much more prepares a candidate well enough to become expert Pharmaceutical Managers. An MBA in Pharmaceutical Management develops learners for a number of professions including healthcare, drugs, diet, and pharmaceutical sales.
Eligibility Criteria
Following are the basic eligibility for MBA in Pharmaceutical Management :
- A Bachelor's Degree is a must in any stream from any recognised board. But a candidate from a science background is more preferred than one from a non-science background.
- A minimum aggregate of 50% in the Bachelor's degree is essential. The minimum percentile also depends on the university to university.
After fulfilling the basic eligibility, one needs to complete the admission criteria in order to take admission in one of the following institutes.
One needs to write the entrance exam, it can be both at the State or National level. Popular entrance exams like CAT, MAT, GMAT, NMAT are recognised Nation-wide and also hold important values while choosing the right college.
MBA in Pharmaceutical Management Syllabus
| Semester 1 | Semester 2 |
|---|
| Managerial Economics |
Cost and Management Accounting |
| Quantitative Techniques in Management |
Business Environment |
| Managerial Accounting |
Marketing Management |
| Managerial Communication |
Financial Management |
| Organizational Behavior |
Production and operations management |
| Principles of management |
Human resource management |
| Computer application in Management |
Business research methodology |
| Communicative English: Laboratory 1 |
Communicative English: Laboratory 2 |
| Semester 3 | Semester 4 |
|---|
| Strategic management |
Entrepreneurship and management of innovations |
| Pharmaceutical management information system |
Management control system |
| Anatomy |
Corporate governance and business ethics |
| physiology and Pharmacology |
Pharmaceutical advance human resource management |
| Legal aspects of Pharmaceutical business |
Pharmaceutical management research project |
| Pharmaceutical multinational management |
Practical Work: Personality growth Lab 2 |
| Personality growth Lab 1 |
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Top Colleges in India for Pharmaceutical Management
Indian Institute of Health Management Research ( IIHMR ), Jaipur
Approved by the All India Council of Technical Education, it was founded in October 1984 beneath the Societies Registration Act 1958. The chief goal of this institution is to provide quality training and develop professionals for the Health sector. IIHMR offers a 2-year Postgraduate programme in Health Management, Hospital Management, and Healthcare Information technology.
Jamia Hamdard
Located in New Delhi, Jamia Hamdard is considered as a platform that offers higher learning in Unani Medicine, Biosciences, Pharmacy, Nursing and other areas of expertise. In 1972, Hamdard College of Pharmacy was set up with the objective of providing education and training in all branches of pharmacy. The Institution was inaugurated by Prime Minister Late Shri Rajiv Gandhi who served as the 6th Prime Minister at that time.
National Institute of Pharmaceutical Education and Research
Recognized as a division of the Ministry of Chemicals and Fertilizers, this Institute provides Masters and Doctoral degrees in Pharmaceutical Science. NIPMER Ahmedabad was initiated with three specializations Biotechnology, Natural Products, and Pharmaceutics.
DY Patil University, Mumbai ( Pune )
Established in the year 2002, DY PATIL UNIVERSITY offers UG, PG and Diploma programmes in the field of Management, Health, Engineering, etc. The admission process can be done both online and offline.
"The pharmaceutical sector is one of the well-known professional career selections in the nation”. Let's discuss the various job positions one can hold after completing MBA in Pharmaceutical Management :
Type of Jobs After MBA in Pharmaceutical Management
Sales Manager :-A Sales Manager is responsible for handling and managing the Sales department of an organisation. Setting goals, analysing data, building a sales plan, assigning sales training are few of the duties of the Sales Manager. They are also involved in the hiring process of the company. Their day to day responsibility varies with the size of the organisation.
Pharmaceutical Distributor:- Pharmaceutical Distributor are commonly known as Healthcare Distributors. They are responsible for providing or distributing medicines or drugs to the right patients at the right time. With the help of these distributors, the supply chain of medicines are smooth, efficient and reliable.
Drug Developers :-Scientists and Technicians who are involved with the development of pharmaceuticals are Drug Developers. Drug Developers are basically Chemists, Biologists, Engineers, Pharmacists, etc.
Market Research Analyst :-Market Research Analysts are responsible for studying the market conditions to check possible trades of a commodity or service. They conduct market research and surveys to know the wants and needs of potential consumers in the market. Great math and logical abilities are necessary.
After knowing about the various career options one can follow it's time to calculate the entire expenses of this program. The total costs can start from rupees 30,000 to anywhere up to 5,00,000.
Expected Salary
As a well-reputed course one can expect a handsome salary. The annual salary can range from Rs. 4,50,000 to Rs. 7,00,000. Salary also depends upon the university from which the person graduated, the abilities of the person, etc.
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