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Overview
MBA Pharmaceutical Management: MBA in Pharmaceutical Management is a 2-year postgraduate degree course which focuses at producing skilled professionals for managerial level positions in areas like Drug Manufacturing, Production Management, Pharmaceutical Marketing, Brand Management etc.
Why MBA Pharmaceutical Management?
MBA Pharmaceutical Management aims at producing skilled professionals for managerial and related positions in the pharmaceutical industry. The course imparts various necessary skills to the students like business development, sales and marketing, consultancy and planning and operation management.
What is MBA Pharmaceutical Management?
Information and details about the MBA Pharmaceutical Management program are as follows.
- The main purpose of the course is to generate skilled professionals for managerial and related positions in the pharmaceutical industry.
- This course imparts various necessary skills to the students like business development, sales and marketing, consultancy and planning and operation management.
- MBA Pharmaceutical degree course revolves around the study of health and chemical sciences combined with management and marketing strategies.
- The course touches various aspects of the pharmaceutical industry like analysis, research, sales, consultation, administration and distribution. It incorporates various managerial and research skills and business strategies.
- The areas of study within the course include research, communication, management, accounting, finance, pharmaceutical science, and several other aspects of the pharmaceutical business.
- The course deals with the theoretical as well as with the practical aspect of the subject. Apart from the theory papers, it is also supported by various assignments, presentations, quizzes and internships.
Purpose of MBA in Pharmaceutical Management Course
Some of the benefits and perks of pursuing this course are given below:
- The course offers various career growth opportunities and promotes the growth of knowledge.
- The course is a must-do for students who aspire to hold managerial positions in the pharmaceutical industry.
- The course focuses on both the theoretical and the practical aspect of the subject. Its curriculum incorporates various assignments, presentations, quizzes and internships which provide hands-on industrial experience to the students.
- The MBA 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.
- The course opens up various career opportunities in front of students. Students can choose to work in top-notch pharmaceutical companies. They can even set up their own businesses. Apart from this, yet another option for students is to pursue much higher education.
Eligibility
The eligibility criteria for MBA Pharmaceutical Management aspirants is not complicated and is as follows. It must be noted that the eligibility criteria will differ from institute to institute.
- The candidate must possess a bachelor’s degree in any relevant discipline from a recognized college or university.
- One must have an aggregate of minimum 50% marks in their graduation to be eligible for this course.
- The candidate must have a valid score in the required entrance exam.
Work experience is not mandatory but is highly preferred..
Types of Course
MBA Pharmaceutical Management Courses
MBA Pharmaceutical Management Course details are given below:
| Duration | 2 year |
| Eligibility | Bachelor’s degree with 50% marks and valid scores in any MBA exams of national level. |
| Admission Process | Merit-based as well as Entrance-based |
| Course Fee | INR 60,000 to 10 lakhs |
| Average Salary | INR 3 to 5 Lakhs per annum |
Admission Process
MBA Pharmaceutical Management Admission Process
MBA Pharmaceutical Management admission process are divide into four steps:
- Apply for MBA Entrance Exams
- Attend the Entrance Exam
- Shortlisting Process
- Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI)
Eligibility
MBA Pharmaceutical Management Eligibility
The eligibility criteria for MBA Pharmaceutical Management are as follows:
| Parameters | Description |
|---|---|
| Minimum Educational Qualification | Â Graduation |
| Minimum Marks | 50% (General and NC/OBC) |
| Relaxation for Reserved Categories | Â 45% |
| Age Limit | None |
Admission
MBA Pharmaceutical Management Admission 2021
MBA Pharmaceutical Management Admission is divide in three steps which are given below:
- Apply for the Entrance Exams (CAT, CMAT, MAT, SNAP, XAT etc.)
- Appear at Entrance Exams & Pass the Cutoff
- Final Admission Round (Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI))
Subjects
MBA Pharmaceutical Management Subjects
List of subjects of MBA Pharmaceutical Management Subjects are as follow:
- Anatomy
- Business Environment
- Business research methodology
- Computer application in Management
- Corporate governance and business ethics
- Cost and Management Accounting
- Entrepreneurship and management of innovations
- Financial Management
- Human resource management
- Legal aspects of Pharmaceutical business
- Management control system
- Managerial Accounting
- Managerial Communication
- Managerial Economics
- Marketing Management
- Organizational Behavior
- Pharmaceutical advance human resource management
- Pharmaceutical management information system
- Pharmaceutical management research project
- Pharmaceutical multinational management
- physiology and Pharmacology
- Principles of management
- Production and operations management
- Quantitative Techniques in Management
- Strategic management
Colleges in India
MBA Pharmaceutical Management Colleges in India
The following are the colleges in India that are offered MBA Pharmaceutical Management:
| College Name | Fees |
|---|---|
| Chitkara University, Chandigarh | INR 2.5 lakh |
| S. P. Jain Institute of Management and Research, Mumbai | INR 8.75 lakh |
| NMIMS University, Mumbai | INR 9.25 lakh |
| Lovely Professional University, Jalandhar | INR 3.04 lakh |
| Amity University, Noida | INR 3.4 lakh |
| Chandigarh University, Chandigarh | INR 1.8 lakh |
| Symbiosis Institute of Business Management, Pune | INR 7.6 lakh |
Colleges in Abroad
MBA Pharmaceutical Management Colleges Abroad
MBA Pharmaceutical Management Abroad is trendy course in Switzerland, United States, Lebanon, United Kingdom etc. It is 01-02 years course. The following are the colleges in Abroad (Switzerland, United States, Lebanon, United Kingdom) that are offered MBA Pharmaceutical Management: .
| College Name | Fees |
|---|---|
| Cambridge Corporate University (CCU), Switzerland | INR 23.6 Lakhs |
| Fairleigh Dickinson University, United States | INR 25.95 Lakhs (1st Year) |
| University of California, San Diego, United States | INR 24.37 Lakhs (1st Year) |
| Lebanese American University (LAU), Lebanon | INR 8.74 Lakhs (1st Year) |
| Keele University, United Kingdom | INR 23.67 Lakhs (1st Year) |
Scope
MBA Pharmaceutical Management Scope
Students who have completed an MBA Pharma course after a BP harma degree can explore best career opportunities in the pharma industry. Graduates of MBA Pharma course can be hired in the sectors of drug manufacturing, distribution, marketing, sales, research etc.
Jobs
MBA Pharmaceutical Management Fresher Jobs
MBA Pharmaceutical Management fresher can apply fob in the field of Pharmaceutical Management. Some of Job profiles are as follow:-
- Business Development Manager
- Drug Distribution Manager
- Market Research Analyst and Drug Developer
- Pharmaceutical Purchase Manager
- Quality Assurance Manager
- Sales Manager
Salary
MBA Pharmaceutical Management Salary in India
Average Salary of Some Job profiles in the Pharmaceutical Management field are as follow:
| Job profile | Average Salary |
|---|---|
| Business Development Manager | ₹ 4 Lakhs |
| Drug Distribution Manager | ₹ 4 Lakhs |
| Market Research Analyst and Drug Developer | ₹ 5 Lakhs |
| Pharmaceutical Purchase Manager | ₹ 4 Lakhs |
| Quality Assurance Manager | ₹ 5 Lakhs |
| Sales Manager | ₹ 4 Lakhs |
Frequently Asked Questions (FAQ)
MBA Pharmaceutical Management FAQs
Ques:Â What is the duration of the MBA in Pharmaceutical Management?
The complete duration of the course is two years
Ques: Which are best colleges for MBA in Pharmaceutical Management?
- Institute of Chemical Technology (Mumbai)
- Jamia Hamdard University (New Delhi)
- Punjab University (Chandigarh)
- National Institute of Pharmaceutical Education and Research (Mohali)
- Manipal College of Pharmaceutical science (Udupi)
Ques: Which employment areas hire an individual after an MBA in Pharmaceutical Management?
After an MBA in Pharmaceutical Management, the areas such as business administration and management, pharmaceutical production management, financial management of pharma businesses, brand management and marketing of pharmaceutical products etc. hire an individual.
Admission 2021
MBA Pharmaceutical Management Admission 2021
MBA Pharmaceutical Management Admission is divide in three steps which are given below:
- Apply for the Entrance Exams (CAT, CMAT, MAT, SNAP, XAT etc.)
- Appear at Entrance Exams & Pass the Cutoff
- Final Admission Round (Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI))
Admission Process
MBA Pharmaceutical Management Admission Process
MBA Pharmaceutical Management admission process are divide into four steps:
- Apply for MBA Entrance Exams
- Attend the Entrance Exam
- Shortlisting Process
- Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI)
Eligibility
MBA Pharmaceutical Management Eligibility
The eligibility criteria for MBA Pharmaceutical Management are as follows:
| Parameters | Description |
|---|---|
| Minimum Educational Qualification | Â Graduation |
| Minimum Marks | 50% (General and NC/OBC) |
| Relaxation for Reserved Categories | Â 45% |
| Age Limit | None |
Subjects
MBA Pharmaceutical Management Subjects
List of subjects of MBA Pharmaceutical Management Subjects are as follow:
- Anatomy
- Business Environment
- Business research methodology
- Computer application in Management
- Corporate governance and business ethics
- Cost and Management Accounting
- Entrepreneurship and management of innovations
- Financial Management
- Human resource management
- Legal aspects of Pharmaceutical business
- Management control system
- Managerial Accounting
- Managerial Communication
- Managerial Economics
- Marketing Management
- Organizational Behavior
- Pharmaceutical advance human resource management
- Pharmaceutical management information system
- Pharmaceutical management research project
- Pharmaceutical multinational management
- physiology and Pharmacology
- Principles of management
- Production and operations management
- Quantitative Techniques in Management
- Strategic management
Colleges in India
MBA Pharmaceutical Management Colleges in India
The following are the colleges in India that are offered MBA Pharmaceutical Management:
| College Name | Fees |
|---|---|
| Chitkara University, Chandigarh | INR 2.5 lakh |
| S. P. Jain Institute of Management and Research, Mumbai | INR 8.75 lakh |
| NMIMS University, Mumbai | INR 9.25 lakh |
| Lovely Professional University, Jalandhar | INR 3.04 lakh |
| Amity University, Noida | INR 3.4 lakh |
| Chandigarh University, Chandigarh | INR 1.8 lakh |
| Symbiosis Institute of Business Management, Pune | INR 7.6 lakh |
Colleges in Abroad
MBA Pharmaceutical Management Colleges Abroad
MBA Pharmaceutical Management Abroad is trendy course in Switzerland, United States, Lebanon, United Kingdom etc. It is 01-02 years course. The following are the colleges in Abroad (Switzerland, United States, Lebanon, United Kingdom) that are offered MBA Pharmaceutical Management: .
| College Name | Fees |
|---|---|
| Cambridge Corporate University (CCU), Switzerland | INR 23.6 Lakhs |
| Fairleigh Dickinson University, United States | INR 25.95 Lakhs (1st Year) |
| University of California, San Diego, United States | INR 24.37 Lakhs (1st Year) |
| Lebanese American University (LAU), Lebanon | INR 8.74 Lakhs (1st Year) |
| Keele University, United Kingdom | INR 23.67 Lakhs (1st Year) |
Fresher Jobs
MBA Pharmaceutical Management Fresher Jobs
MBA Pharmaceutical Management fresher can apply fob in the field of Pharmaceutical Management. Some of Job profiles are as follow:-
- Business Development Manager
- Drug Distribution Manager
- Market Research Analyst and Drug Developer
- Pharmaceutical Purchase Manager
- Quality Assurance Manager
- Sales Manager
Salary
MBA Pharmaceutical Management Salary in India
Average Salary of Some Job profiles in the Pharmaceutical Management field are as follow:
| Job profile | Average Salary |
|---|---|
| Business Development Manager | ₹ 4 Lakhs |
| Drug Distribution Manager | ₹ 4 Lakhs |
| Market Research Analyst and Drug Developer | ₹ 5 Lakhs |
| Pharmaceutical Purchase Manager | ₹ 4 Lakhs |
| Quality Assurance Manager | ₹ 5 Lakhs |
| Sales Manager | ₹ 4 Lakhs |
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