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MBA in Pharmaceutical Management Course, Subjects, Exams, Admission, Colleges, Fees, Career

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MBA in Pharmaceutical Management Course, Subjects, Exams, Admission, Colleges, Fees, Career

Edited By Nizamudheen O | Updated on Apr 02, 2024 05:49 PM IST

MBA in Pharmaceutical Management is a two-year postgraduate degree programme that overlaps the fields of pharmacy and management. MBA in Pharmaceutical Management course equips students with the knowledge and skills required to excel in leadership and decision-making roles within pharmaceutical companies, biotechnology firms, and healthcare organisations.

Pharmaceutical Management is a multidisciplinary domain that combines traditional business management education with a major focus on the pharmaceutical and healthcare industries. MBA in Pharmaceutical Management covers various topics such as healthcare policy, pharmaceutical marketing, regulatory affairs, supply chain management and drug development.

To join the MBA in Pharmaceutical Management, candidates must have completed a bachelor's degree with a minimum average of 50 per cent. A valid score in top entrance exams like CAT, MAT, GMAT, CMAT, XAT and NMAT is also required to get admission to MBA in Pharmaceutical Management.

MBA in Pharmaceutical Management graduates have many career opportunities to try such as Pharmaceutical Purchase Manager, Drug Inspector, Biochemist, and Pharmacist. Some of the top recruiters include Ranbaxy Laboratories, Dabur India Ltd, Pfizer and Novartis. The average salary of a MBA in Pharmaceutical Management graduate is Rs 7.7 LPA.

Highlights: MBA in Pharmaceutical Management

Particulars

Values

Course Name

MBA in Pharmaceutical Management

Course Duration

2 years

Examination Type

Semester system

Semesters

4 semesters

Eligibility Criteria

Bachelor’s degree from a recognised university

Admission Process

Direct admission and based on the entrance examination

Average Salary

Rs. 7.7 LPA

Fees for the Entire Duration

Rs. 1.60 Lakhs to Rs. 15 Lakhs

Top Companies

Ranbaxy Laboratories, Dabur India Ltd, GlaxoSmithKline, Abbott Laboratories, Regeneron Pharmaceuticals, Bayer, Biocon, Pfizer, Novartis, USV Private Limited and Sun Pharmaceutical Industries Ltd.

Job Position

Pharmaceutical Purchase Manager, Drug Inspector, Biochemist, Pharmacist, and Market Research Analyst


MBA in Pharmaceutical Management Eligibility Criteria

To get an MBA in Pharmaceutical Management admission in India, candidates must ensure that they fulfil the required MBA in Pharmaceutical Management eligibility criteria. The eligibility for MBA in Pharmaceutical Management is as follows:

  • MBA in Pharmaceutical Management admission requires the aspirant to complete their undergraduate degrees such as BBA, BA, B.Sc, B.Com, or BCA with a minimum average of 50 per cent aggregate marks from a recognised institution in any relevant discipline.
  • Students must have cleared the entrance examination with good scores, along with satisfying the MBA in Pharmaceutical Management eligibility criteria.
  • They are required to appear for the counselling process and pay the MBA in Pharmaceutical Management fees.

MBA in Pharmaceutical Management Admission

Universities accept students into MBA in Pharmaceutical Management programmes based on academic performance or a cut-off score on an entrance exam. Also, several colleges offer direct admission to MBA in Pharmaceutical Management in India based on merit in the qualifying exams. The admission procedure for MBA in Pharmaceutical Management is detailed below.

  • Candidates must meet the minimum eligibility requirements to enrol in the college.
  • They need to apply to the colleges or universities based on their preference and interest in which they want to get admission.
  • Candidates can also apply online by visiting the institute's official website, completing the online application form and submitting e-copies of required documents.
  • They need to appear for the entrance exam and get the required cutoff mark.
  • After the application, the admission committee will review and release the list of admitted candidates.
  • The selected candidates can start the course by verifying their documents and paying the MBA in pharmaceutical management fees.

MBA in Pharmaceutical Management Entrance Exams

Students looking forward to taking admission into MBA in Pharmaceutical Management will need to appear and ace the required entrance exams. Here is a list of the best MBA admission examinations in Pharmaceutical Management.

Exam Name

Level

Conducting Body

Exam Schedule

CAT

National

Indian Institute of Management Lucknow

CAT Exam Schedule



MAT

National

All India Management Association (AIMA)

MAT Exam Schedule



GMAT

International

Graduate Management Admission Council

GMAT Exam Schedule



CMAT


National



National Testing Agency

CMAT Exam Schedule



XAT

National

Xavier School of Management

XAT Exam Schedule



NMAT

National

Graduate Management Admission Council

NMAT Exam Schedule

Cutoff of Top Colleges

MBA in Pharmaceutical Management cut-off is a set of rules used to determine the MBA in Pharmaceutical Management admission. The MBA in Pharmaceutical Management cutoff varies according to the institution and is based on the number of applicants and previous years’ MBA in Pharmaceutical Management entrance exam scores.

MBA in Pharmaceutical Management: Skills Required

MBA in Pharmaceutical Management course requires hard and soft skills to get the full benefits of the course and to get the desired career afterwards. Some of the skills needed for MBA in Pharmaceutical Management are mentioned below:

  • Interpersonal skills
  • Time management
  • Organisational skills
  • Communication skills
  • Problem-solving skills
  • Leadership skills

Subjects/Syllabus of MBA in Pharmaceutical Management

MBA in Pharmaceutical Management subjects will be unique depending on the management institutions and B-schools. In the following table, candidates can check the detailed MBA in Pharmaceutical Management syllabus offered by Ganpat University.

Semester 1

Management Principles and Organisational Behaviour

Accounting and Costing for Managers

Managerial Economics

Financial Management and Statement Analysis

Marketing Management

Corporate Ethics and Governance

Managerial Communication

Soft Skills and Critical Thinking for Managers

Semester 2

Global Business Environment

Research Methodology in Management

Entrepreneurship and New Venture Planning

Data Analytics for Business

Environment Management and Sustainable Development

Human Resources Management

Production and Operations Management

Computer Skills for Managers

Semester 3

Strategic Management

Global Marketing Management

Supply Chain Management for Pharmaceutical

Personality and Aptitude Building for Managers

Industry Internship Project

Foreign Language

Semester III (Operations Management Electives)

Purchasing and Vendor Management

Project Management

Quality Management for Pharmaceuticals

Semester III (Marketing Electives)

Consumer Behaviour

Digital Marketing and Brand Management

Sales and Services Management

Semester 4

Management Control Systems

Healthcare Services Management

R & D and Technology Management

Legal Aspects & Regulatory Affairs

Epidemiology and Public Health Management

Capstone Project

Semester IV (Electives)

Disaster and Risk Management

Intellectual Property Rights

Publication Practices

Working Capital for Manager

Retail Management

Fee Structure of MBA in Pharmaceutical Management

The fee will differ from college to college based on various factors like location and type of MBA in Pharmaceutical Management colleges, the infrastructure they provide and the like. The average MBA in Pharmaceutical Management fees lies between Rs. 1.60 Lakhs and Rs. 15 Lakhs.

Scope of MBA Pharmaceutical Management

MBA in Pharmaceutical Management has become immensely popular among students in the past few years. MBA Pharmaceutical Management course offers diverse management career opportunities in multiple fields like healthcare, pharmaceuticals and biotechnology.

Students can also pursue a PhD in Pharmaceutical Management as well as in Biochemistry or Chemistry and have completed an MBA in Pharmaceutical Management. Students can expand their knowledge even further as they pursue higher-paying careers.

Career Options after MBA in Pharmaceutical Management

The MBA in Pharmaceutical Management programme is designed to give students a broad understanding of the industry. MBA in Pharmaceutical Management graduates can find work in both government and private-sector organisations. Below, we have mentioned some of the MBA in Pharmaceutical Management jobs.

Drug Inspector: Drug inspectors assist in determining drug safety, usefulness, and reliability. Their primary responsibility is to check food or medicines at various stages of the manufacturing process to ensure that quality standards are met. They are also in charge of executing safety rules and devising procedures for inspecting pharmaceutical products.

Biochemist: Biochemists investigate the behaviour of living things at the molecular level to comprehend the processes that take place. To examine the effect of medications and food on biological processes, biochemists must analyse DNA, enzymes, and other substances. They define the structure of molecules with high-tech devices.

Pharmacist: A pharmacist is an expert in the use of medications. A pharmacist's workplace could be in a hospital, a community setting, or a retail drug shop and pharmacy, for example: Pharmacists are also in charge of drug development, marketing, and distribution.

Market Research Analyst: A market research analyst is a part of the marketing team. A market research analyst evaluates customer preferences to assist companies in achieving product specifications based on current market trends, expanding their reach through advertising, and marketing their products and services.

Top Recruiters

  • Pfizer
  • Ranbaxy Laboratories
  • Genzyme
  • Novartis
  • Regeneron Pharmaceuticals
  • Laurus Laboratories Ltd

Benefits of Studying MBA Pharmaceutical Management

Pharmaceutical Management is among the most rapidly expanding and lucrative sectors of management education. Development, research, pharmaceutical administration, and healthcare are all aspects of an MBA in Pharmaceutical Management. Also, students will learn business operations, advanced marketing principles, and professional pharmaceutical management that prepare them for the industry out there.

Salary after MBA Pharmaceutical Management

The average income of an MBA in Pharmaceutical Management graduate is determined by a variety of criteria like the location and type of the company and skills and experience of the employee. The average salary of the MBA in Pharmaceutical Management graduates is tabulated below.

Job Profile

Average Salary

Drug inspector

Rs. 5.0 LPA

Biochemist

Rs. 2.6 LPA

Pharmacist

Rs. 2.6 LPA

Market research analyst

Rs. 4.2 LPA

Source: AmbitionBox

Note: The salary might vary depending on various factors.

List of Top MBA in Pharmaceutical Management Colleges in India with Fees

MBA in Pharmaceutical Management programmes are available at a range of educational institutions throughout the world. Previous academic performance and admission test scores are used to determine admission. In the table below, we have mentioned the MBA Pharmaceutical Management colleges in India and the MBA Pharmaceutical Management fees.


Browse Top MBA in Pharmaceutical Management Colleges in Top Locations

A lot of public and private educational institutions offer an MBA in Pharmaceutical Management. The fee may vary based on the institution's type and geographical area. Top MBA in Pharmaceutical Management colleges in top locations are tabulated below.

Top Private MBA in Pharmaceutical Management Colleges in India with Fees

Various private academic institutions across the country offer an MBA in Pharmaceutical Management. Admission is based on academic achievement and the results of entrance exams. In the table below, candidates can find the top private colleges for MBA in Pharmaceutical Management in India and the MBA Pharmaceutical Management fees

Colleges

Fees

School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai

Rs. 15 Lakhs

IIHMR University, Jaipur

Rs. 9 Lakhs

Shoolini University Solan

Rs. 8.84 Lakhs

Centre for Management Studies and Research, Ganpat University

Rs. 1.90 Lakhs

Rama University, Kanpur

Rs. 2 Lakhs

RIMT University, Gobindgarh

Rs. 3.55 Lakhs

DYPUSM Mumbai

Rs. 10.50 Lakhs

Haridwar University, Roorkee

Rs. 2.81 Lakhs

Top Government MBA in Pharmaceutical Management Colleges in India with Fees

Government educational institutes in India also provide MBA in Pharmaceutical Management. In the table below, we have mentioned the top government MBA Pharmaceutical Management colleges in India.

Colleges

Fees

NIPER Hyderabad

Rs. 4.99 Lakhs

Delhi Pharmaceutical Sciences and Research University, New Delhi

Rs. 2.20 Lakhs

DIPSAR

Rs. 2.10 Lakhs

NIPER Mohali

Rs. 3.91 Lakhs

NIPER Ahmedabad

Rs. 4.99 Lakhs

MBA in Pharmaceutical Management is ideal for those interested in learning the management and business side of the pharmaceutical and healthcare industry in India. MBA in Pharmaceutical Management courses in India help students to excel in their careers, such as drug inspector, biochemist, pharmacist, and market research analyst.

Frequently Asked Question (FAQs)

1. What is Pharmaceutical management?

Pharmaceutical management is the study of pharmaceutical sciences with the study of marketing and management.  It develops skills in planning & operating management techniques, acquiring consultancy skills and solving management problems.

2. What is the fee range of Pharmaceutical management colleges?

The fee structure lies between Rs. 1.60 Lakhs and Rs. 15 Lakhs.

3. What is the total fees of NMIMS School of Business Management, Mumbai for an MBA in Pharmaceutical management?

The total fee of NMIMS Mumbai for an MBA is approximately Rs 11 lakhs.

4. What is the average MBA Pharmaceutical Management salary in India?

The average MBA Pharmaceutical Management salary in the India package ranges from Rs. 2 to 7 LPA.

5. What is the eligibility criteria to pursue MBA in Pharmaceutical Management?

Admission for MBA in Pharmaceutical Management course requires the aspirant to complete their undergraduate degree with a minimum average of 50 per cent aggregate marks from a recognized institution in any relevant discipline.

6. What are the skills required for an MBA in Pharmaceutical Management?

Interpersonal Skills, Time Management, Organisational Skills, Communication Skills, Problem Solving Skills, Leadership Skills, Decision Making Skills are some of the skills required for an MBA in Pharmaceutical Management.

7. Which colleges offer MBA in Pharmaceutical Management courses in India?

Some of the top colleges which offer MBA in Pharmaceutical Management degrees are PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University, School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai, School of Management, Dr. DY Patil University, Navi Mumbai, Jamia Hamdard, New Delhi, Delhi Institute of Pharmaceutical Sciences and Research, New Delhi, IIHMR University, Jaipur, Faculty of Pharmacy MS Ramaiah University of Applied Sciences, Bangalore, National Institute of Pharmaceutical Education and Research SAS Nagar, NIPER Hyderabad - National Institute of Pharmaceutical Education and Research, Centre for Management Studies and Research Ganpat University, Mehsana.

8. What are the career options after an MBA in Pharmaceutical Management?

There are various career options after an MBA in Pharmaceutical Management. Some of the careers are Digital Marketing Executive, Social Media Manager, Advertising Manager, Brand Manager, Market Research Analyst.

9. What are the best firms to work for if you have an MBA in Pharmaceutical Management?

Ranbaxy Laboratories, Dabur India Ltd., GlaxoSmithKline, Abbott Laboratories, Laurus Laboratories Ltd, Regeneron Pharmaceuticals, Bayer, Biocon, Pfizer, Novartis, Cadila Healthcare Limited, Allergan, Inc., Genzyme, USV Private Limited, Sun Pharmaceutical Industries Ltd. are some of the leading organisations that hire MBA in Pharmaceutical Management graduates.

10. Is it possible to pursue a Ph.D. after completing an MBA in Pharmaceutical Management?

Students who have completed an MBA in Pharmaceutical Management degree can apply for a Ph.D. in Pharmaceutical Management.

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Careers in journalism are filled with excitement as well as responsibilities. One cannot afford to miss out on the details. As it is the small details that provide insights into a story. Depending on those insights a journalist goes about writing a news article. A journalism career can be stressful at times but if you are someone who is passionate about it then it is the right choice for you. If you want to know more about the media field and journalist career then continue reading this article.

3 Jobs Available
Editor

Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

3 Jobs Available
Reporter

Individuals who opt for a career as a reporter may often be at work on national holidays and festivities. He or she pitches various story ideas and covers news stories in risky situations. Students can pursue a BMC (Bachelor of Mass Communication), B.M.M. (Bachelor of Mass Media), or MAJMC (MA in Journalism and Mass Communication) to become a reporter. While we sit at home reporters travel to locations to collect information that carries a news value.  

2 Jobs Available
Corporate Executive

Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

2 Jobs Available
Multimedia Specialist

A multimedia specialist is a media professional who creates, audio, videos, graphic image files, computer animations for multimedia applications. He or she is responsible for planning, producing, and maintaining websites and applications. 

2 Jobs Available
Welding Engineer

Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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