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MBA in Pharmaceutical Management

MBA in Pharmaceutical Management

Edited By Team Careers360 | Updated on Mar 14, 2024 02:50 PM IST

Pharmaceutical MBA is a professional degree that focuses on the study of Pharma Science and Technology. It is a two-year postgraduate degree program for students who are looking to make their career in management. With Pharma MBA the candidates will be able to get jobs in drugs management positions such as production management, pharmaceutical marketing, brand management, and manufacturing. If you are someone who is looking for a Master’s in Pharmaceutical Management degree then this article will help you to understand in detail what is Pharmaceutical MBA, the qualifications, entrance exams, top Pharma MBA colleges, and everything you need to know about the course.

MBA in Pharmaceutical Management
MBA in Pharmaceutical Management

Eligibility criteria for MBA in Pharmaceutical Management

The eligibility criteria for MBA in Pharmaceutical Management, the candidates must have

  • A bachelor's degree in any field from a recognized institution or university

  • At least a 50% score is required in Graduation to get admission into MBA Pharma

Pharma MBA specializations

Taking up a specialization will help the candidates to focus on the particular area in which they are interested. This will not help them to focus only on the area they are interested in but also helps them to build their career in a specific area. Masters in Pharmaceutical Management provides a wide range of specializations such as

Pharmaceutical Policy, Laws & Regulations

Pharma Sales & Marketing Management

Pharma Product Management

Financing Pharmaceuticals

Top Pharma MBA colleges

There are top Pharma MBA colleges in India who are providing MBA Pharmaceutical Management degrees. Listed below are some of the top Pharma MBA colleges in India.

Bharathiar University, Tamil Nadu

BML Munjal University, Gurgaon

Manipal University (MAHE)

IPE Hyderabad

Jaipuria Noida

IFIM BUSINESS SCHOOL

LPU Jalandhar

UPES Dehradun

NMIMS school of Business Management

IHMR University, Jaipur

Jamia Hamdard

NIPER, Hyderabad

Don Bosco University Global Center for Open and Distance Education

Assam

Suresh Gyan Vihar University

Top Entrance exams for MBA in Pharmaceutical Management

Candidates willing to take MBA pharmaceutical must write entrance exams to get admission into the best and top colleges in India. Many top colleges prefer entrance exams to qualify the students for the course however there are some colleges that conduct college or university tests to know the ability of the candidate. There are national-level and state-level entrance exams such as CAT, CMAT, NMAT, SNAP, and XAT

Masters in Pharmaceutical Management study areas

MBA Pharmaceutical Management focuses on the study areas such as Quantitative Techniques in Management, Financial Management, Strategic management, and many more.

Business Environment

Anatomy Corporate governance and business ethics

Strategic management

Entrepreneurship and management of innovations

Pharmaceutical management information system

Physiology and Pharmacology

Cost and Management Accounting

Quantitative Techniques in Management

Financial Management

Managerial Communication

Physiology and Pharmacology

Managerial Economics

Business Environment

Pharmaceutical advance human resource management

Types of Pharmaceutical MBA

Candidates who is willing to pursue there Master’s degree have various options or types to opt for. Some students would like to give some gap after their graduation and want to gain work experience. In that case, they have a variety of options to choose from such as a Distance MBA in Pharmaceutical Management, a Part-time MBA in Pharmaceutical Management, and an MBA in Pharmaceutical Management online. They can pursue their degree according to their convenience.

  • Full-time MBA in Pharmaceutical Management
  • Part-time MBA in Pharmaceutical Management
  • Executive MBA in Pharmaceutical Management
  • Distance MBA in Pharmaceutical Management

How to get MBA Pharmaceutical Management admission?

The admissions process will be done on the basis of merit basis and management basis. Candidates must write entrance exams, and apply for the course online on the colleges or universities' websites or offline by visiting the college or university. The selected candidate will have group discussions and interview in most cases and if get selected students can pay their fees and their admission is done.

Scope of MBA in Pharmaceutical Management

MBA in Pharmaceutical Management has a lot of scope and career opportunities. Some of the career options are Brand Manager, Pharmaceutical Purchase Manager, Drug Distribution Manager, Business Analyst, Marketing Manager, Area Sales Manager, and Business Development Manager.

Conclusion

Pharmaceutical Industry deals with drug development, drug discovery, regulatory requirements, and production. There are a lot of types of pharma products in the market like oral drugs, parental formulations, topical medicines, modified, and release formulations, and many more. Different companies and businesses work to produce, manufacture, supply, research, or discover medicines or drugs. Therefore there is a lot of scope in the Pharmaceutical industry if you are planning to build your career in the same field and looking for a master’s degree then Masters in Pharmaceutical Management will be the best course for you.

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