Top Online MBA in Pharmaceutical Management Colleges in India

Top Online MBA in Pharmaceutical Management Colleges in India

Edited By Vivek Kumar | Updated on Nov 18, 2024 10:11 AM IST | #MBA

Online MBA in Pharmaceutical Management is a two-year specialised MBA programme designed for individuals seeking to develop or advance their careers in the pharmaceutical industry. Several top colleges in India like Chitkara University Online and MAHE Online offer an online MBA in Pharmaceutical Management.

This Story also Contains
  1. Top Colleges Offering Online MBA Pharmaceutical Management in India
  2. Why Study Online MBA in Pharmaceutical Management?
  3. Online MBA Pharmaceutical Management Syllabus
  4. Online MBA Pharmaceutical Management Eligibility Criteria
  5. Online MBA in Pharmaceutical Management Admission
  6. Online MBA in Pharmaceutical Management Career Options
Top Online MBA in Pharmaceutical Management Colleges in India
Top Online MBA in Pharmaceutical Management Colleges in India

To pursue an Online MBA in Pharmaceutical Management, candidates must have completed a bachelor’s degree. Some universities also require candidates to have a minimum of one year of relevant work experience. The fee of an online MBA degree in pharmaceutical management can go up to Rs 2,80,000.

Online MBA Pharmaceutical Management course is delivered through a virtual learning environment, providing flexibility for working professionals. After completing this online MBA programme, graduates can pursue a variety of careers in the pharmaceutical industry. Some of the popular job roles include Medical Science Liaison, Pharmaceutical Sales Manager, Regulatory Affairs Manager, and consultant.

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

Top Colleges Offering Online MBA Pharmaceutical Management in India

There are several UGC-approved colleges in India that offer an online MBA Pharmaceutical Management course. Students can enrol in their preferred colleges after meeting the eligibility criteria and completing the admission process. The following table lists the top online MBA Pharmaceutical Management colleges with NIRF 2024:

Online MBA in Pharmaceutical Management College

NIRF RankingTotal Fees

MAHE Online

4Rs 2,80,000

Chitkara University Online

54

Rs 200,000

Mysore University Online

54

-

Why Study 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

Online MBA Pharmaceutical Management Syllabus

The syllabus of an Online MBA in Pharmaceutical Management course is structured across four semesters. The curriculum consists of a range of subjects preparing students for the pharmaceutical industry. Depending on the institute, the course curriculum can vary. The following table highlights the Online MBA Pharmaceutical Management syllabus of MAHE Online.

Semester 1
Managing People and OrganizationsFinancial Reporting and Statement Analysis
Managerial EconomicsBusiness Communication
Business Statistics-
Semester 2
Financial ManagementMarketing Management
Strategic ManagementIT for Business
Business LeadershipResearch Methodology
Semester 3
Management AccountingLegal Aspects of Business
Pharmaceutical MarketingPharmaceutical Sales and Customer Relationship Management
Intellectual Property RightsMinor Project
Semester 4
Entrepreneurship and InnovationSustainability
Capstone ProjectPharma Logistics Management
Pharmaceutical Production ManagementPharmaceutical Regulatory Environment
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Online MBA Pharmaceutical Management Eligibility Criteria

The eligibility criteria for online MBA in Pharmaceutical Management can vary from one college to another. Candidates must meet the eligibility criteria defined by the college of their choice to enrol in 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

  • They have secured a minimum aggregate score of 50 percent in the qualifying examination.

Aptitude Test

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

Work Experience

  • Some universities may require candidates to have at least one year of relevant work experience.

Online MBA in Pharmaceutical Management Admission

To get admission to an online MBA in pharmaceutical management programme, candidates are required to complete an admission process. Each online MBA Pharmaceutical Management college has its own admission procedure and criteria. Many provide admission based on merit, while some may require a valid entrance exam score. The general online MBA Pharmaceutical Management admission process is mentioned below.

Application Process for Online MBA Pharmaceutical Management Course:

Candidates seeking admission to MBA Pharmaceutical Management online programme need to follow certain steps mentioned below:

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

Step 2: Register on the website by entering your email Id and phone number

Step 3: Fill up the application form online

Step 4: Upload the required documents and submit the form

Step 5: Wait for admission confirmation from the university

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

Online MBA in Pharmaceutical Management Career Options

Pursuing an online MBA Pharmaceutical Management programme creates a wide range of career opportunities for graduates in the pharmaceutical industry. Students are well-equipped with skills to take on strategic roles, combining their pharmaceutical expertise with their business knowledge.

Students can find several rewarding career opportunities in biotechnology, pharmaceutical companies, healthcare consultation, clinical research, hospitals, regulatory agencies, health insurance, and non-profit health organisations.

The following table lists some of the job roles after an MBA Pharmaceutical Management online degree and their salaries.

Job RoleAverage Base Pay (annually)
Healthcare Consultant
Rs 9 lakhs
Clinical Research Manager
Rs 10 lakhs

Pharmaceutical Sales Manager

Rs 14 lakhs

Project Manager

Rs 17 lakhs

Quality Assurance Manager

Rs 18 lakhs

Regulatory Affairs Manager
Rs 17 lakhs

Brand Manager

Rs 12 lakhs

Market Research Analyst

Rs 5 lakhs

Popular Online MBA Specialisations

An online MBA is offered in a variety of specialisations that students can choose from based on their areas of interest. The following table shows the popular online MBA specialisations offered by top online MBA colleges in India.

Conclusion

An Online MBA in Pharmaceutical Management creates a rewarding career in the pharmaceutical industry. The course equips learners with the necessary skills to navigate the complexities of a dynamic sector like pharmaceuticals.

Graduates can explore high-paying jobs in both private and public sector organisations, which makes an online MBA Pharmaceutical Management course a rewarding investment toward an individual’s professional success.

Frequently Asked Questions (FAQs)

1. Who can pursue an Online MBA Pharmaceutical Management programme?

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

2. What will I learn in the Online MBA Pharmaceutical Management syllabus?

The course curriculum consists of core business and specialised subjects that fall under the pharmaceutical industry, including pharmaceutical marketing, logistics, regulatory environment, and more.

3. What are the career options available after an Online MBA Pharmaceutical Management course?

After completing the programme, graduates can take up job roles such as Pharmaceutical sales manager, consultant, project manager, market research analyst, and quality assurance manager in the pharmaceutical industry.

4. What is the duration of an 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 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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Questions related to MBA

Have a question related to MBA ?

MBA is a two year post graduation program in field of management and business administration. To be eligible for MBA, candidates must have a bachelor's degree with a minimum of 50% marks for general category and 45% for reserved categories. Some of the popular entrance exams for MBA are CAT / XAT / GMAT / MAT etc.  The average fees for MBA range between 6 lakh to 20 lakh depending on type of the institutions. To know more about MBA program,visit MBA full details

Hello,

Congratulations on your successful completion of your Bachelor of Pharmacy (B.Pharm) degree, Arun! Pursuing an MBA is an excellent way to diversify your skill set and provide leadership roles in healthcare, pharmaceuticals, and beyond. Here's a guide to help you choose a specialization and colleges:

Best MBA Specializations for Pharmacy Graduates

  • Pharmaceutical Management: Suitable for pharmaceutical management in healthcare companies, drug development, and regulatory affairs.
  • Healthcare Management: Focuses on hospital administration, healthcare consulting, and public health policies.
  • General Management: Opens broader career paths in strategy, operations, and business leadership.
  • Finance: Suits those interested in budgeting, resource allocation, or investment in healthcare industries.
  • Marketing: For roles in pharma sales, branding, and product launches.

Top Colleges for MBA:

  • IIMs (Indian Institutes of Management): Offers premier education in general management (via CAT).
  • NMIMS, Mumbai: Renowned for MBA in Pharmaceutical Management.
  • TISS, Mumbai: Reputed for Healthcare and Hospital Administration.
  • Symbiosis Institute of Health Sciences (SIHS), Pune: Provides MBA in Hospital and Healthcare Management.
  • ISB, Hyderabad: Suitable if you have 2-3 years of work experience.

Application Procedure

  • Entrance Tests: Most colleges require tests like CAT, NMAT, SNAP, or GMAT. Prepare accordingly.
  • Applications: Once you clear the entrance, apply through respective college portals.
  • Interviews: Be ready to present your background in pharmacy and interest in management while interviewing.

Preparation Tips:

  • Start with fundamental books for entrance exams
  • Join the coaching centers or online portal like BYJU'S, Career Launcher, or TIME
  • Get updated about the pharma and healthcare industry trends for GDs and interviews

If you require further assistance, please let me know.

Hello,

Quite a number of institutes in Nagpur offer coaching for MBA entrance tests such as CAT, XAT, CMAT and others. Two of these are:

  • IMS Nagpur: IMS is one such leading firm catering to CAT coaching with intensive classroom sessions, extensive materials, and mock tests conducted through application skills and conceptual clarity prepared for multiple entrance tests along with CAT, CMAT and XAT. It locates on Dharampeth Nagpur.
  • T.I.M.E. Nagpur: The institution provides CAT and other entrance exams for MBA with experienced faculty members, air-conditioned class rooms, and well-equipped libraries. They have specialized in allied exams like SNAP and NMAT as well. Their center is available at Bharat Nagar and Medical Square, Nagpur.

Contact them for more details regarding course structure, fee structures, and batch timings by checking their official websites or contacting them individually.

Post-CAT processes for top MBA colleges typically include Group Discussions (GD), Written Ability Tests (WAT), and Personal Interviews (PI).

Group Discussion (GD):

The purpose of GD is to test communication, teamwork and assess problem- solving skills.

To prepare for a GD one needs to stay updated on current affairs, practice debating and discussing diverse topics, and develop a clear and concise speaking style.

Written Ability Test (WAT):

The purpose of a WAT is to assess written communication, clarity of thought, and argument structure.

To prepare for a WAT one needs to practice writing essays on current topics, focusing on logic, coherence, and grammar.

Personal Interview (PI):

The purpose of a PI is to evaluate motivation, fit for the program, and personality.

To prepare for a PI one needs to review his/ her academic and professional background, prepare for questions on career goals, current affairs, practice mock interviews and why you want to do an MBA.


Newer IIMs offer the long-term benefit of the IIM brand at competitive fees whereas XLRI, SPJIMR or FMS are stronger choices if one is seeking brand recognition, specialized programs and higher placement prospects

The newer IIMs say IIM Trichy, IIIM Udaipur, IIM Rohtak are gaining recognition but are still building their reputation as compared to the established MBA colleges like XLRI, SPJIMR and FMS.

Newer IIMs carry the IIM tag but lack the legacy and alumni network of XLRI, SPJIMR, and FMS.

Newer IIMs offer good placements but often with lower average salaries than XLRI, SPJIMR, and FMS, which have established recruiter networks and higher salary packages.

FMS offers the best return on investment due to its low fees and strong placements. Newer IIMs have moderate return on investment.

Newer IIMs have modern facilities but are still developing as compared to XLRI and SPJIMR.



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