IILM does not provide MBA course in Pharmaceuticals.

Otherwise it is a decent management college. You can even check its reviews here: 

IILM REVIEWS

Placement team had great presence in industry and job offers came from big names like Reckitt Benckiser, Ogilvy, Religare, Daffodils & More.

You can expect an average package of approx 3-5 lakhs based on your skills, knowledge and the company you get placed in.

If you choose MBA, you will really study a new branch all together, it may be HR, Operations, Finance, Marketing, Tech, management etc

Here depending upon your skills, you can get jobs in all companies including pharmaceutical companies and you have a broader scope post MBA. Infact your salary after MBA than MPharm is expected to be more.

But again in case you want to be expertise in your field then you will have to choose Mpharma than MBA because MBA will take you to the business part of it and will take you a bit away from the main areas oh pharma industry.

Incase you still plan to study MBA in Pharma then you can refer to the following colleges:

DY Patil College

MS Ramaiah Institute

Jamia Hamdard

NMIMS

MITCON

IIMT group of Institutions.

Decision has to be yours!

Good luck.