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- Online Pharmaceutical Management Courses
In simple words, when someone wants to study pharmaceutical technology and science, along with making strategies related to business then he or she must pursue pharmaceutical management courses. These kinds of courses are seeing a rise in their popularity because of the cross between two different disciplines. Moreover as the world is facing medical emergencies all over the world, pharmaceutical management courses in India are being pursued by many aspirants. Some institutions may even offer pharmaceutical chemists graduates like pharmacists with solid careers like chemists in research institutions, educational institutions, hospitals, pharmaceutical companies, government departments, and Pharma development companies.
What are Pharmaceutical Management Courses?
Pharmaceutical Management courses are almost similar to getting an MBA done, and in recent times it is picking up at a great pace among Pharma enthusiasts. It is becoming one of the most popular masters courses that is being offered by many great educational institutions in India. Any candidate after they have finished studying their Pharmaceutical Management courses, is expertly crafted to land up in almost every kind of available jobs in the pharmaceutical sector.
Who can learn Pharmaceutical Management Courses?
Anybody who seems interested in learning pharmaceutical management courses should have the aptitude to learn pharmacy and medical related fields. People who can deal with the development, discovery, formulation, production, and design of pharmaceutical drugs that are primarily used for treatment of illnesses. Also, the candidates who have interest in understanding the rules, and regulations, patenting, testing, and finally ensuring the medicine usage is done properly on patients then these types of people must be the ones who should pursue these courses online or even offline mode.
Eligibility Criteria For Pharmaceutical Management Courses
Students who aspire to learn Pharmaceutical Management Courses online must fulfil some sort of eligibility criteria. These criterias include holding an undergraduate degree with at least 3 years in it and a percentage of minimum 50% marks in aggregate total. But the degree should be from a recognised institution. Another important criteria that needs to be fulfilled by the candidates is studying any of the subjects that are compulsory like Biotechnology, Pharmacy, Medical Sciences, Ayurveda, Agriculture or other disciplines of medical sciences to start the application towards pharmaceutical management, and enrol into the free online pharmaceutical courses with certificates.
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Entrance Exams for Pharmaceutical Management Courses Online
The entrance exams for different kinds of Pharmaceutical Management courses online are as follows:
CAT: Aspirants must clear the Common Admission Test examination or CAT to attain admission into any one of the renowned Indian Institute of Management (IIM)s in India.
MAT: Management Aptitude Test or MAT is held across all over India and is an entrance exam for good MBA colleges in India
Apart from these two entrance exams there are several other examinations which students for Pharmaceutical management prospective students can appear for like CMAT, SNAP, and NMAT.
Skills Required For Pharmaceutical Management Courses
Apart from some of the technical skills, there are recruiters who may also look for a set of skills related to aspiring candidates. For anybody who is interested in a pharmaceutical management course in India must be skilled in the areas mentioned below. These skills will prove that the candidates will become adept in practising pharmaceutical management.
- Stress Management
- Communication skills
- Confidence
- Project Management
- Management Skills
- Presentation Skills
- People skills
What You Will Learn in Pharmaceutical Management Courses?
These Pharmaceutical Management courses focus on teaching information that can help managers with basic aptitudes who are already employed in pharmaceutical fields. These people can diagnose, and deal with the sudden problems that have cropped up in the management. The aspirants of pharmaceutical management courses help in attaining both practical and theoretical aspects and also offer knowledge on some concepts like:
- Economics
- Pharmacology
- Marketing
- Financial management
- Healthcare economics
- Anatomy and physiology
Popular Online Pharmaceutical Management Courses and Certifications
Some institutes like IIM Bangalore offer Pharmaceutical Courses and Certifications to the students like Managing and Sustaining Pharma and Med Tech Business Growth Live Online Programme at IIM Bangalore at a cost of Rs. 86,000 where the students will get to know all about supporting med-tech business, and pharma growth and maximising the profits. This course is a full time course which has a duration of just 3 days counting from the start.
Career Opportunities After Pharmaceutical Management Courses
Pharmaceutical Management graduates are very much in demand not only for conventional roles but also for sectors like the educational industries. India’s Pharmaceutical Management field does have tons of openings in both private enterprises, and government-run organisations. The candidates after pharmaceutical management courses will get trained in the sales and the marketing along with the financing aspect making them more desirable in the top positions like in the pharmaceutical industries. The pharma field has requirement for the positions mentioned below after they complete free pharmaceutical certificate courses
- Pharmacists
- Supervisors
- Doctoral Researchers
- Market Analysts
- Chemists
- Financial Analysts
Salary Trends After Pharmaceutical Management Courses
A variety of job opportunities are bound to open when the students are done with their studies in pharmaceutical management courses. Whether online or offline, the candidates will be paid a salary depending on the number of years of experience and the knowledge in the pharma sector. Here is a quick look into the salary structure that the candidates may receive after they learn pharmaceutical management.
Job Profile | Approx Average Salary |
Market Research Analyst | Rs. 5-6 Lakhs p.a. (Approx.) |
Drug Store Supervisor | Rs. 4-5 Lakhs p.a. (Approx.) |
Quality Assurance Manager | Rs. 5-7 Lakhs p.a. (Approx.) |
Drug Inspector | Rs. 4-5 Lakhs p.a. (Approx.) |
Rs. 8-9 lakhs p.a. (Approx.) |
Scope of Pharmaceutical Management Courses
The Pharmaceutical Industry, globally, and at the national level has seen a huge improvement when it comes to sales, and management. According to some reports, the pharmaceutical sales are expected to reach a whopping high amount of 1.5 trillion USD in the coming years. Moreover, the Indian Pharmaceutical Industry has seen rapid growth so anyone looking to pursue a career in the pharmaceutical management field may easily jump onto learning pharmaceutical management courses.
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Top Recruiters
Aspirants who aspire to work in the Pharmaceutical Management field must know that there are few top rated organisations that recruit the Pharma graduates on a regular basis after they complete certification courses in the pharmaceutical industry in India. Most of the candidates need to go through their screening processes so that the employers can find out what kind of tasks will suit their skill sets the most. Below is that list of recruiting companies:
- Directorate of Industries and Commerce, Nagaland
- Dabur India Ltd.
- Ranbaxy Laboratories
- Laurus Laboratories Ltd
- Biocon
- Pfizer
- ACG Worldwide
- Abbott Laboratories
- Bayer
- Novartis
- Regeneron Pharmaceuticals
- Sun Pharma
- Genzyme
- Zydus Cadila
- Allergan
- USV Limited
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FAQs:
Q. What is the salary of someone who has done their MBA in pharmaceutical management?
Ans) The average salary in the pharmaceutical sector on an average is Rs. 27 LPA to Rs. 34.5 LPA.
Q) Is a science background necessary to participate in Pharmaceutical Management Courses?
Ans) For pursuing any kind of pharmaceutical management courses online, the candidates need to have a science subject or even a BBA degree as a matter of fact.
Q) What is pharmaceutical management better known as?
Ans) The pharmaceutical management is better called the pharmacy information system.
Q) What is the job profile of a student that is designed after he or she does an MBA in pharmaceutical management?
Ans) After doing an MBA in pharmaceutical management, the candidates may seek jobs in the sales, marketing, and finance areas.
Q) Who exactly is a pharmaceutical manager?
Ans) Pharmacy managers are responsible for seeing and taking care of the daily business operations in a pharmacy company who dispense prescription medication thereby advising clients. One can be in this role after they pursue pharmaceutical management courses in India.
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