A career in Pharmaceutical Management combines the knowledge of pharmaceuticals and business management, focusing on the management of pharma products and services.
Pharmaceutical Management is one of the fastest growing and rewarding fields of Management studies. Candidates can find opportunities in healthcare, marketing, and management roles in the healthcare industry.
Candidates can pursue Undergraduate and postgraduate course in Pharmaceutical Management or related discipline. But before we learn more about courses, eligibility and admission process. let’s understand more about Pharmaceutical Management.
What is Pharmaceutical Management?
Pharmaceutical Management is a discipline of management courses, which works with the health and chemical sciences and ensures the safe and secure use of pharmaceutical drugs.
The career in pharmaceutical management includes development, research, marketing and management of pharmaceutical products or services.
Through this management programme, students get trained in enterprise management, advanced business concept, advanced pharmaceutical management, etc.
Pharmaceutical management combines the study of basics of pharmaceutical sciences with management and marketing studies. It prepares your careers in pharmaceutical marketing, management, sales and other fields related to healthcare industry.
“Pharmaceutical Management = Pharmaceutical Science + Business Strategies”.
Benefits of Pharmaceutical Management Courses:
- This course prepares you for the managerial positions in the pharmaceutical industry.
- It develops your skills in planning & operating management techniques, acquiring consultancy skills and solving management problems.
- The main objective of these courses, to build skilled and effective professionals for the Pharmaceutical sector.
Pharmaceutical Management Courses
Which courses are available to pursue in the field of pharmaceutical management?
If you want to go with a career in Pharmaceutical Management than pursuing courses in this field will be the first step towards entry in the pharmaceutical industry. A degree in Pharmaceutical Management field is a golden opportunity for those who wanted to enter in the pharmaceutical sector.
Also Check – Courses After 12th Science
Many universities and colleges offer diploma, UG and PG courses in this field. Students can pursue these courses through full-time or distance mode. Here we are providing some most sought pharmaceutical courses:
Diploma Courses
- Diploma in Pharmaceutical Management
- Advanced Diploma in Pharmaceutical Business Management
Bachelor Courses
- BBA + Diploma in Business Administration (Pharmaceutical)
Master Courses
- Master of Business Administration (MBA) in Pharmaceutical Management
- Executive MBA in Pharmaceutical Management
- Post Graduate Diploma in Pharmaceutical Management
- Master of Business Administration in Pharmaceutical Industry Management
- Post Graduate Certificate in Management in Pharmaceutical Management
- Post Graduate Diploma in Pharmaceutical Management
“Before proceeding for any course, you should check your eligibility for that particular course”.
Eligibility Requirements
Candidates must meet the below mentioned eligibility requirements:
For UG courses
If you are seeking for admission in UG courses, you can apply after passing 12th (higher secondary) or equivalent exam from any recognized board.
For admission in UG prgrammes, some colleges consider the 50% minimum aggregate criteria in the qualifying examination.
For PG courses
To apply for postgraduate programmes, candidates must have completed the bachelor degree in the related discipline from any recognized university or college.
Specializations
Some top specializations are as following:
- Pharma Product Management
- Pharma Sales & Marketing Management
- Financing Pharmaceuticals
- Pharma Production Management
- Pharmaceutical Policy, Laws & Regulations
Admission Process
What will be the admission procedure?
Candidates who are seeking for admission in MBA programmes are required to appear in the management entrance exams like CAT, MAT, etc.
One can appear in national, state or university level examination to get admission in the MBA or PGDM programmes.
Many top universities and colleges also offer admissions on the basis of merit list in the qualifying examination. After qualifying the entrance test, students also have to participate in the counselling process.
Many top B-schools in the country gives admission on the basis of national level examination. Some MBA entrance exams are listed here:
Top Colleges in Pharmaceutical Management
Best colleges to pursue pharmaceutical management course are listed below:
- Jamia Hamdard University, New Delhi
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- National Institute of Pharmaceutical Education and Research (NIPER), Mohali
- Institute of Management Studies, BHU, Varanasi
- Manipal College of Pharmaceutical Sciences, Manipal
- PES University, Bangalore
- Amity Institute of Pharmacy, Noida
- MIT World Peace University (MIT-WPU), Pune
- IIHMR University, Jaipur
- SRM Institute of Science and Technology, Chennai
Career & Jobs
“Pharmaceutical sector is one of the major job provider in the country”.
This sector offers a lot of job opportunities to the qualified candidates. This field not only requires highly qualified researchers, chemist, technical graduates but also also require skilled managers who can manage and works towards the growth of the company.
You can find jobs in various areas such as government departments, research institution, universities, pharmaceutical industry, teaching hospitals, etc.
“In recent years, Pharmaceutical Management has been developed into rewarding career options”.
After pursuing master courses in pharmaceutical management, you can easily find jobs in many reputed colleges or universities as a Professor or Lecturer.
Job Profiles:
- Sales Managers
- Drug Distribution Manager
- Market Researcher & Drug Developer
- Pharmaceuticals Distributors
- Pharmaceutical Purchase Manager
- Formulation Pharmaceutical Technology Scientist
- Quality Assurance Manager
- Business Development Manager
Some Reputed Recruiters are:
- Dabur India Ltd.
- Sun Pharma
- Lupin
- Zydus Lifesciences
- Biocon
- Torrent Pharma
- Piramal Enterprises
- Pfizer
- GSK
- AstraZeneca
- Johnson & Johnson
- Ranbaxy Laboratories
- Dr Reddy’s Laboratories
Salary
What are the salary expectations after pursuing courses in this field?
In India, the starting salary for an MBA (Pharmaceutical Management) graduates is roughly around Rs.4 to 6 lacs per annum. Salary package offered in this field vary based several factors like educational qualifications, experience, skills and Job location
Candidates having good experience in this field and working in senior roles, can easily earn a handsome salary package ranging between Rs. 8 to 20 lacs per annum.
“Gaining solid experience in this field can open doors to high-paying job opportunities.”
Books & Study Materials
Some popular books to study pharmaceutical management are:
- Pharmaceutical Analysis by Davis G. Watson
- A Textbook of Pharmaceutical Industrial Management by Biren Shah
- Hand book of Drug store and Business Management by Ashok.K.Gupta
- Pharmaceutical Industrial Management by G Vidya Sagar
- Pharmaceutical Marketing in India by Chaganti, Subba Rao
- Principles and Practice of Drug store Administration by Burande
- Spectrometric Identification of Organic Compounds by R.M. Silvesterin and G.C. Bassler
If you have any other queries regarding Career In Pharmaceutical Management, you may leave your comments below.
I have an option to study Pharmaceutical business management in abroad it may have efficient to me,and what would be an career options
Yes, it is highly recommended to PG management courses abroad, as they offer global exposure, advanced curriculum, and networking opportunities. However, make sure you thoroughly research the internship and placement support provided by the university or institute you plan to enroll in.
I m master of dental surgery, I want to pursue my career in business management through distance education.
Since you have a medical background, you can look to explore Career in Hospital management by pursuing MBA in related discipline.
Please provide me the details of courses offered.
The details has been given in the article, if you have any specific query, do ask us here!
I finished my mba in pharmaceutical management from icfai in december 2020. I want to restart my career again in this field. How and where to apply for jobs in this sector? Pls guide
1st Step – Make a good resume
2nd step- Cover your basics and prepare well for technical and interview round
3rd step – Apply through all the major job portals. Visit official sites of pharmaceutical companies (Sun Pharma, Torrent, Piramal, Mankind, Zydus and others) and explore job opportunities there, also check online Pharmacy companies like 1Mg, Pharmeasy and others for internship & Job opportunities.
I want to know scope and placement in pharmaceutical MBA.In pharmaceutical MBA their any branch thank you
Dear sir,
I completed M.SC.,Biotechnology from Periyar University regular and MBA in Pharma management from ICFAI through distance mode. Now I want to do own business by opening medical shop. Can i get license with MBA in Pharma management
Hello, I am from Bangladesh. what are the universities that allow foreign students for a postgraduate diploma in pharmaceutical management?
I have take admission in pgdpsm from ignou.is the best diploma or no ?
Which 1 is the best for bright future
1) MBA in pharmaceutical OR
2) MSc in pharmaceutical……. And what is different between in both.
M.Sc is good option.