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Online MBA in Pharmaceutical Management: Course, Syllabus, Eligibility, Admission, Colleges, Fees, Career

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Online MBA in Pharmaceutical Management: Course, Syllabus, Eligibility, Admission, Colleges, Fees, Career

Edited By Vivek Kumar | Updated on Jan 31, 2024 10:16 AM IST

Online MBA in pharmaceutical management is a two-year specialised MBA programme. It is designed for individuals seeking to build or advance their careers in the industry. If you are looking for a career in this field, you have the option to pursue an online MBA in pharmaceutical management.

The primary focus of pharmaceutical management is the safe and secure use of pharmaceutical drugs. The MBA in Pharmaceutical Management online course is offered by many top colleges in India like Parul University and Manipal University. Students are required to have a bachelor’s degree in any discipline to enrol in the programme.

The fee for the online MBA Pharmaceutical Management can go up to Rs. 2,60,000. Keep reading this article to learn more details about the course, such as the eligibility criteria, colleges, syllabus, fees and more.

Highlights – Online MBA in Pharmaceutical Management

Particulars

Description

Course Name

Online MBA in Pharmaceutical Management

Course Level

Postgraduate

Course Duration

2 years

Eligibility Criteria

Bachelor’s degree

Admission Process

Merit and Entrance test

Course Fee

Up to Rs. 260,000

Career Prospects

Sales Manager, Consultant, Project Manager, Market Researcher, Quality Assurance Manager, Brand Manager

Employment Areas

Educational Institutions, Pharmaceutical Companies, Healthcare Institutes, Hospitals, Chemical Industries, Research Laboratories


Also Read: What is the Scope of an Online MBA?

Online MBA in Pharmaceutical Management Overview

The online MBA pharmaceutical management course is a specialised programme designed for individuals aiming to excel in the pharmaceutical industry. It covers subjects such as pharmaceutical marketing, logistics management, regulatory environment and more, equipping learners with the knowledge and skills to navigate the pharmaceutical sector.

The MBA pharmaceutical management online course typically spans two years and is structured across four semesters. It is delivered through a virtual learning environment, offering flexibility for working professionals. Some institutions offering this online MBA may require work experience, while others may accept candidates based on merit or scores in entrance exams such as CAT, MAT, XAT, GMAT, and NMAT, among others.

MBA in Pharmaceutical Management online course prepares students for rewarding careers in the field of the pharmaceutical business industry. After graduating from this online MBA programme, students can pursue top-paying positions in various roles, such as pharmaceutical sales manager, health policy analyst, regulatory affairs manager, and more.

Also Read:

Why Should You Pursue Online MBA in Pharmaceutical Management?

Pursuing an online MBA Pharmaceutical Management course provides several benefits, including convenience, career advancement, and industry-relevant knowledge. Below are some reasons you should consider pursuing an online MBA in pharmaceutical management:

Flexibility and convenience: An online MBA programme offers you the flexibility to study anywhere in the world at a time of your choice. This flexibility is ideal for individuals who cannot commit to a full-time campus programme.

Expertise in the pharmaceutical industry: The subjects and topics covered in the curriculum have been designed to meet the latest demands and developments in the pharmaceutical industry, covering essential topics such as drug development, regulatory affairs, pharmaceutical marketing, and more.

Networking opportunities: Online MBA in Pharmaceutical Management can provide tremendous opportunities for connections by giving students a platform to connect with peers, faculty, industry professionals and more, expanding their professional network.

Global perspective: Students of the online MBA Pharmaceutical Management will have the opportunity to interact with a diverse faculty comprising of Indian and international professionals. They will gain insights into global pharmaceutical practices.

Career advancement: Obtaining a degree in MBA Pharmaceutical Management online opens the doors to high-level positions and salary hikes as graduates will be highly valued by employers owing to their specialised skills and knowledge.

Overall, pursuing an online MBA in Pharmaceutical Management is an excellent choice for individuals who want to make an impact in the pharmaceutical industry. Through the skills and knowledge obtained in the programme, they will excel in the field of pharmaceutical marketing and management.

Resource Links for Online MBA

Who is For Online MBA in Pharmaceutical Management?

An MBA Pharmaceutical Management online programme is ideal for individuals who want to enter the pharmaceutical industry or look to advance their career in the same. Some of the individuals who are suitable for this programme are:

Healthcare professionals: Doctors, pharmacists, nurses and other healthcare-employed individuals who want to transition into managerial roles within the pharmaceutical industry.

Life science graduates: Individuals who have degrees in life sciences, biotechnology and related fields, and who aim to build business skills with scientific knowledge.

Business professionals: Individuals with a business background who want to enter the pharmaceutical industry.

Entrepreneurs: Business owners or entrepreneurs who want to start a pharmaceutical-related business and are looking to gain the industry-specific knowledge to succeed in the field.

Career changers: Professionals employed in other fields who are interested in the pharmaceutical industry and want to start a career in the same.

Online MBA in Pharmaceutical Management Eligibility Criteria

The different MBA Pharmaceutical Management colleges may have different eligibility criteria for this online MBA programme. Candidates must make sure that they meet the eligibility criteria of the institution of their choice before applying to the programme. The online MBA Pharmaceutical Management eligibility criteria are as follows:

Educational Qualification

  • Candidates must have a bachelor’s degree in any discipline from a recognised university or an equivalent qualification with a minimum aggregate score of 50%.

Aptitude Test

  • Some institutes may require candidates to have scored a valid score in aptitude tests such as CAT/ MAT/ CMAT/ XAT/ GMAT.

Work Experience

  • Some universities may require candidates to have a certain amount of relevant work experience to enrol for the online MBA in pharmaceutical management.

Age Limit

  • There is no age limit for the MBA Pharmaceutical Management online course.

Online MBA in Pharmaceutical Management Admission

The enrollment process of the online MBA programme is generally carried out in online mode. Colleges for MBA in Pharmaceutical Management online course have their own procedure for admission. Some conduct admission based on merit, while others may require a valid score on an entrance test. The general admission process of the programme is as follows:

How to Apply for Online MBA in Pharmaceutical Management

Candidates who want to sign up for the MBA Pharmaceutical Management online programme must follow the below-given procedure:

Step 1: Visit the official website of the university of your choice.

Step 2: Register yourself on the website by entering your email address and phone number.

Step 3: Fill out the application form online after registration.

Step 4: Upload the required documents and submit the online application form.

Step 5: Wait for admission confirmation from the university.

Step 6: After confirmation, pay the programme fee and start learning.

Top Colleges Offering Online MBA in Pharmaceutical Management

Colleges that offer MBA Pharmaceutical Management online programme are Parul University and Manipal University. By enrolling in the college of their choice, students will be able to gather ample knowledge to start or enhance their careers in the pharmaceutical industry. Below are the online MBA Pharmaceutical Management colleges:

Online MBA in Pharmaceutical Management College

Total fees

Manipal Academy of Higher Education (MAHE)

Rs. 260,000

Mysore University

-


Also Read:

Online MBA in Pharmaceutical Management Syllabus

The subjects and topics covered in the MBA in Pharmaceutical Management online course vary depending on the institution. The curriculum typically includes a combination of core subjects and specialised courses in the field of pharmaceutical management, such as physiology and anatomy, pharma logistics, pharmacology, and more. Below mentioned is the online MBA Pharmaceutical Management syllabus at MAHE:

Semester 1

Managing People and Organizations

Financial Reporting and Statement Analysis

Managerial Economics

Business Statistics

Business Communication

-

Semester 2

Financial Management

Marketing Management

Strategic Management

IT for Business

Business Leadership

Research Methodology

Semester 3

Management Accounting

Legal Aspects of Business

Pharmaceutical Management

Pharmaceutical Sales and Customer Relationship Management

Intellectual Property Rights

Minor Project

Semester 4

Entrepreneurship and Innovation

Sustainability

Pharma Logistics Management

Pharmaceutical Production Management

Pharmaceutical Regulatory Environment

Capstone Project

Popular Online MBA Specializations

There are various specialisations available in an online MBA. Students can choose from different online MBA specializations based on their area of interest. Mentioned below is the list of online MBA specializations one can opt for and accomplish their career goals.

Online MBA in Pharmaceutical Management Fees

The fees for an online MBA Pharmaceutical Management depend on the university or institution. The full programme fee may go up to Rs. 260,000. Candidates must check the fees of the programme before initiating the admission process.

Skills Required for Online MBA in Pharmaceutical Management

Candidates who want to pursue online MBA Pharmaceutical Management must possess a set of skills to excel in the programme as well as in their careers in the industry. Some of the essential skills required for this online MBA programme are listed in the table below:

  • Communication Skills
  • Analytical Skills
  • Problem-Solving
  • Leadership Qualities
  • Time Management
  • Regulatory Knowledge
  • Strategic Planning
  • Organizational Skills

Also Read: Is Online MBA Recognized by UGC?

Online MBA in Pharmaceutical Management Career Scope: Jobs, Salary and Top Recruiters

Doing an online MBA in Pharmaceutical Management opens up a wide range of opportunities for graduates in the pharmaceutical industry. They are well-equipped with skills to take on strategic roles, combining their pharmaceutical expertise with their business knowledge. They can find several rewarding career opportunities.

Some of the professions that can be pursued after completion of the MBA Pharmaceutical Management online degree are listed below:

Sales Manager: A sales manager is responsible for leading sales teams. They work together with marketing teams to promote pharmaceutical products and manage relationships with healthcare providers and distributors.

Project Manager: Individuals who take up careers as project managers in the field of pharmaceuticals are responsible for overseeing pharmaceutical projects from the beginning to completion. They coordinate with other teams and ensure that projects stick to regulatory standards.

Quality Assurance Manager: A QA manager makes sure that pharmaceutical products meet quality standards and regulatory requirements. They create and implement quality control processes, manage corrective actions and conduct audits.

Brand Manager: A brand manager in a pharmaceutical organisation develops and executes marketing plans for the brand. They work on brand positioning and promotional campaigns to increase brand popularity and market share.

Market Research Analyst: A market research analyst in a pharmaceutical company is responsible for understanding market trends, consumer behaviour and competitive dynamics. They analyse market data and make informed decisions about product development.

Online MBA in Pharmaceutical Management Salary

The pay scale for graduates of an MBA Pharmaceutical Management online course varies based on experience, job role, competence, and the industry. Making progress at their job can substantially increase their pay over time. In the table below, we have discussed the average base salary of some of the major professions that can be taken up after an online MBA in Pharmaceutical Management.

Job Role

Average Base Pay (Annual)

Sales Manager

Rs. 605,589

Project Manager

Rs. 1,401,346

Quality Assurance Manager

Rs. 992,896

Brand Manager

Rs. 1,645,764

Market Research Analyst

Rs. 554,598

Source: PayScale, Glassdoor

Online MBA in Pharmaceutical Management: Employment Areas

Graduates of online MBA Pharmaceutical Management are highly sought after for their specialised knowledge and skills. They are valued in various sectors that require their expertise which is a combination of business acumen and pharmaceutical understanding. Some industries that hire the graduates of the MBA Pharmaceutical Management online course are mentioned below:

  • Biotechnology
  • Pharmaceutical Companies
  • Healthcare Consultation
  • Clinical Research
  • Hospital
  • Regulatory Agencies
  • Health Insurance
  • Non-Profit Health Organisations

Online MBA in Pharmaceutical Management: Top Recruiters

Graduates with an MBA in Pharmaceutical Management online course are sought after by many top recruiters who require their skills and knowledge. Some of the top recruiters for the graduates of the programme are:

  • Pfizer
  • Sun Pharma
  • Dabur India
  • Alkem
  • Bristol-Meyers Squibb
  • Novartis
  • Bayer AG
  • Eli Lilly

Popular Colleges Offering Online MBA in India

Many Indian universities offer online MBA courses in different specialisations. Students must visit the official website of their chosen college and meet all the admission requirements. We have listed below some of the top online MBA universities/ colleges in India.

Conclusion

An online MBA in Pharmaceutical Management is the gateway to a rewarding career in the pharmaceutical industry. It equips graduates with the necessary skills to navigate the complexities of a dynamic sector like pharmacology. These individuals are actively sought by recruiters offering high-paying jobs. Thus, an online MBA Pharmaceutical Management is an investment in an individual’s professional success.

Frequently Asked Question (FAQs)

1. Who is this online MBA in Pharmaceutical Management suitable for?

The programme is suitable for healthcare professionals, pharmaceutical industry professionals, graduates and business professionals.

2. What does the curriculum of the MBA in Pharmaceutical Management online course include?

The curriculum includes core business and specialised subjects that fall under the pharmaceutical industry, such as pharmaceutical marketing, logistics, regulatory environment, and more.

3. What are the career options that can be taken up after an online MBA Pharmaceutical Management?

Graduates of the programme can take up professions like sales manager, consultant, project manager, market research analyst, and quality assurance manager, among others, in the pharmaceutical industry.

4. What is the average duration of the online MBA in Pharmaceutical Management programme?

The duration of the programme is two years. Some institutions may allow the flexibility of extending the duration up to four years.

5. Can I work while pursuing the MBA in Pharmaceutical Management online course?

Yes, the digital format of the programme has been designed to cater to the needs of working professionals, so they do not have to compromise on work commitments.

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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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