Kanhaiya Kumar
Table of Contents
MBA in Pharmaceutical Management
This article discusses one of the most sought-after MBA specializations – MBA Pharmaceutical Management, and we will also look at the Top MBA in Pharmaceutical Management Colleges, MBA in Pharmaceutical Management scopes that has been provided through this specialization & MBA in Pharmaceutical Management eligibility among many other details.
What exactly is an MBA in Pharmaceutical Management? In India, an MBA in pharmaceutical management combines the study of pharmaceutical sciences with marketing and management. MBA in Pharmaceutical Management is perfect for people who want to learn about the management and commercial aspects of India’s pharmaceutical and healthcare industries. Pharmaceutical Management is one of the most rapidly increasing and profitable disciplines of Management Courses, with a promising future. We will talk about MBA in pharmaceutical management colleges in India, MBA in pharmaceutical management costs, MBA in pharmaceutical management employment, and MBA in pharmaceutical management scope in this post.
Anyone interested in the management and business aspects of India’s pharmaceutical and healthcare industries would find the Master of Business Administration in Pharmaceutical Management to be an excellent choice. There is a bright future ahead for those who study Pharmaceutical Management since it is one of the fastest-growing and most lucrative disciplines of Management Courses. Planning and executing management approaches, learning consultation skills, and finding creative solutions to management issues are all developed.
Students enrolled in an MBA in pharmaceutical management in India can expect to gain the knowledge and experience necessary to plan and implement management techniques, identify and address management issues, and provide expert consulting services in the pharmaceutical industry and related fields.
An MBA is a prestigious graduate degree in business administration. Sales and marketing, operations management, finance, HRM, logistics, and business analytics are just a few of the specializations studied in an MBA program.
MBA Pharmaceutical Management Course Highlights
Highlights for the MBA Pharmaceutical Management program are provided in the table given below:
| Particulars | Values |
|---|---|
| Degree Name | MBA in Pharmaceutical Management |
| MBA Pharmaceutical Management Degree Type | Postgraduate |
| MBA Pharmaceutical Management Degree Duration | 2 year |
| MBA Pharmaceutical Management Eligibility Criteria | Graduation from a recognized university with a minimum aggregate score of 50% (45% for SC/ST candidates). |
| MBA Pharmaceutical Management Examination Type | Semester System |
| MBA Pharmaceutical Management Admission Process | Entrance Exam + Group Discussion + Personal Interview |
| MBA Pharmaceutical Management Programs Type | Full Time, Part Time, Distance, Online |
| MBA Pharmaceutical Management Entrance Exams | CAT, CMAT, XAT, MAT, NMAT, GMAT |
| MBA Pharmaceutical Management Syllabus | MBA in Pharmaceutical Management, Pharma Logistics Management, Business Environment, Organizational Behavior, Basic Epidemiology, Management Science, Pharmaceutical Marketing and Research, etc. |
| MBA Pharmaceutical Management Course Fee | INR 1-10 Lakhs per year |
What is the scope of an MBA in Pharmaceutical Management?
The following information and facts regarding the MBA Pharmaceutical Management program are provided.
- The programme is designed to prepare students for management and associated jobs in the pharmaceutical sector.
- This course teaches students many abilities such as company growth, sales and marketing, consulting, and planning and operation management.
- The MBA Pharmaceutical degree program focuses on health and chemical sciences, as well as management and marketing tactics.
- The course covers a wide range of topics in the pharmaceutical sector, such as analysis, research, sales, consultancy, administration, and distribution. It combines diverse management and research talents, as well as commercial techniques.
- The course covers research, communication, management, accounting, finance, pharmaceutical science, and various other facets of the pharmaceutical industry.
- The course covers both the academic and practical aspects of the topic. Besides theoretical papers, it also includes assignments, presentations, exams, and internships.
MBA in Pharmaceutical Management Quick Questions
Q. How can I get into a decent college?
A lot of things must be considered in order to get admission to a top-ranked MBA program. Some of the following suggestions will be useful in this regard.
- The course admission method is either entry or merit-based.
- In the event of merit-based selection, the qualifying exams must be passed well.
- In the case of entry-based selection, it is critical to perform well and get a high percentile in the entrance test in order to gain admission to a reputable institution.
- One must be up to date on the most recent exam pattern. It is also necessary to understand the weightage allocated to each portion of the test and prepare appropriately.
- Beginning preparation for the entrance test a year in advance allows students adequate time for study and review.
- Keep your desired institution in mind and work hard to get admission.
MBA in Pharmaceutical Management: Admission Process
- Entrance to the course is determined by a candidate’s performance on an entrance test.
- CAT, MAT, SNAP, CMAT, and other key all-India admission tests are held for this purpose.
- Several institutions also provide merit-based admission. Typically, the admissions process begins in August and September.
- By the end of August, online applications for practically every admission test will be accessible.
Merit-based entrance: Submit an application for admission to the institutions or universities in which you are interested.
- Do well in the undergraduate exams, since the results of these are used to determine admittance.
- Colleges will eventually issue their cutoff lists. Check to see whether you are eligible for the selected course.
- If you are eligible, go to the college and present all of the necessary documentation.
Entrance-based admission
- You should send the application to the institution or institutions where you want to enroll.
- Get signed up for the examinations you’ll need to take to get into the institution of your choosing.
- Several universities and colleges have minimum qualifying percentiles that applicants must achieve in order to be considered for future admissions stages.
- Following the written exam, applicants go through rounds of group discussions and individual interviews to determine who will make the cut for the final merit list.
- When a written exam, a group discussion, and an interview have been completed, the university will announce the results and publish a merit list of the applicants who have been ultimately chosen.
- The final assignment of seats to applicants occurs after the admissions procedure, at which point the applicant is needed to pay the course fee and register for the next academic year.
MBA in Pharmaceutical Eligibility
The following are the qualifying requirements for MBA Pharmaceutical Management candidates. It should be mentioned that the qualifying conditions will vary for each institution.
- A bachelor’s degree in any relevant area from a recognized institution or university is required.
- To be eligible for this course, students must have a minimum of 50% in their graduation.
- A proper score on the relevant admission test is needed for the applicant.
- Employment experience is not required but is strongly desired.
MBA in Pharmaceutical: Entrance Exams
Top Colleges
Knowing the best colleges for a course before pursuing the course is Important, given below is the list of top 5 city-wise colleges for MBA Pharmaceutical Management.`
Name of City
Delhi
- GGSIPU
- IMI
- IMT
- Amity University, Noida
- Christ University
Bangalore
- Christ University
- Jagdish Sheth School of Management
- AIMS
- Xavier Institute of Management and Entrepreneurship
- IIM Bangalore
Kolkata
- IMI
- IIM Calcutta
- IISWBM
- NSHM Knowledge Campus
- International School of Business
Mumbai
- NMIMS
- JBIMS
- SPJIMR
- St. Francis Institute of Management and Research
- National Institute of Industrial Engineering
Top Colleges in India
MBA in Pharmaceutical Management course is offered by many top colleges and universities across the country. Some of the top colleges offering this course have been mentioned below with several other details.
| College Name | Average Annual Fees |
|---|---|
| HITS, Chennai | INR 2,53,000 |
| SIBM Pune | INR 7,68,000 |
| NMIMS Mumbai | INR 9,25,000 |
| Alliance University, Bangalore | INR 6,25,000 |
| NIMS University, Jaipur | INR 60,000 |
| LPU Jalandhar | INR 3,04,000 |
| Chandigarh University, Chandigarh | INR 1,80,000 |
| SPJIMR Mumbai | INR 8,75,000 |
| Amity University, Noida | INR 3,40,000 |
List of Top 10 MBA colleges in India offering Pharmaceutical Management specialisation
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. The following table lists some of the best MBA in Pharmaceutical Management colleges in India.
| Colleges |
|---|
| School of Management, Dr. DY Patil University, Navi Mumbai |
| PUMBA Pune – Department of Management Sciences Savitribai Phule Pune University |
| Delhi Institute of Pharmaceutical Sciences and Research, New Delhi |
| Jamia Hamdard, New Delhi |
| IIHMR University, Jaipur |
| Centre for Management Studies and Research, Ganpat University, Mehsana |
| National Institute of Pharmaceutical Education and Research SAS Nagar |
| NIPER Hyderabad – National Institute of Pharmaceutical Education and Research |
| Faculty of Pharmacy MS Ramaiah University of Applied Sciences, Bangalore |
| School of Business Management SVKM’s Narsee Monjee Institute of Management Studies, Mumbai |
Top Private MBA in Pharmaceutical Management in India
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. Here we have created a list of some of top private MBA in pharmaceutical management colleges in India.
| Colleges |
|---|
| School of Management, Dr. PhD DY Patil University, Navi Mumbai |
| Narsee Monjee Institute of Management Studies, Mumbai |
| Adamas University, Kolkata |
| Jamia Hamdard, New Delhi |
| IIHMR University, Jaipur |
| Centre for Management Studies and Research, Ganpat University, Mehsana |
| Chitkara College of Sales and Marketing, Jhansla |
| Singhania University, Jhunjhunu |
| Suresh Gyan Vihar University, Jaipur |
| Faculty of Pharmacy MS Ramaiah University of Applied Sciences, Bangalore |
Top Government MBA in Pharmaceutical Management colleges in India
Government educational institutes in India, which are among the best in the world, provide an MBA in Pharmaceutical Management. The table below lists some of the best government MBA in pharmaceutical management colleges in India.
| Colleges |
|---|
| NIPER Ahmedabad – National Institute of Pharmaceutical Education and Research |
| PUMBA Pune – Department of Management Sciences Savitribai Phule Pune University |
| NIPER Hyderabad – National Institute of Pharmaceutical Education and Research |
| National Institute of Pharmaceutical Education and Research SAS Nagar |
| Delhi Institute of Pharmaceutical Sciences and Research, New Delhi |
MBA in Pharmaceutical Management Jobs & Placements
These graduates may look for jobs in Sales, Marketing, Market Research and Analysis, Product Research and Development Support, Product Executive, Corporate Communication, Project Management, and other fields. Several worldwide firms, including Roche, Sanofi, Merck, Johnson & Johnson, Eli Lilly, Pfizer, and GSK, are involved in this sector.
Careers for New Graduates
MBA Pharmaceutical Management freshers may apply for employment in the Pharmaceutical Management industry. The following are some job profiles:
- Business Development Manager
- Market Research Analyst and Drug Developer
- Pharmaceutical Purchase Manager
- Drug Distribution Manager
- Sales Manager
- Quality Assurance Manager
Career Opportunities After an MBA in Pharmaceutical Management
- Sales Manager: A Sales Manager is in charge of overseeing and directing an organization’s sales department. The Sales Manager’s responsibilities include setting objectives, evaluating data, developing a sales strategy, and providing sales training. They are also active in the company’s employment procedure. Their day-to-day responsibilities differ depending on the size of the business.
- Pharmacy Distributor:
- Healthcare distributors are another name for pharmaceutical distributors. They are in charge of getting medications or pharmaceuticals to the correct patients at the right time. The pharmaceutical supply chain is seamless, effective, and dependable with the assistance of these wholesalers.
- Drug Manufacturers: Drug Developers are scientists and technicians who work on the creation of medicines. Chemists, biologists, engineers, pharmacists, and other professionals work as drug developers.
- Researcher of Consumer Research: Market Research Analysts are in charge of researching market circumstances in order to evaluate potential transactions of a commodity or service. They perform market research and surveys to learn about the demands and requirements of prospective customers. Excellent arithmetic and logical skills are required.
- Quality Control Manager: A quality assurance manager is in charge of inspecting manufacturing and quality control. He ensures compliance with internal delicate aspects, norms, and excellent manufacturing methods. The professors in this subject must be appropriately skilled in dealing with quality-related difficulties.
MBA in Pharmaceutical Management Scope
Apart from looking for work, students might also pursue further education. The following are some of the higher education alternatives accessible to students:
Ph.D.: If one desires to continue their study in the same sector, the first program of option is a PhD in Pharmaceutics. It is a three-year program, and eligibility requirements include a Master’s degree in Pharmaceutics. PhD programs in any of the relevant subjects are available to students.
After completing this programme, students are eligible to apply for the Fellow Programme in Management (equivalent to a PhD) offered by all IIMs.
Competitive exams: Another option for postgraduates is to prepare for competitive examinations. The most popular exams are those for career chances in government agencies. Pupils will be able to get the highest-paying employment in this industry.
MBA in Pharmaceutical Management Conclusion –
MBA in Pharma Colleges in India
In India, you may choose from one of over 70 schools offering a Master of Business Administration in Pharmacy. Just around 2% of these schools are owned by the government, while the remainder is operated by private nonprofits. An MBA in Pharmaceutical Management is a 2-year postgraduate degree program designed to prepare students for senior-level employment in the pharmaceutical industry.
Participants are required to have a bachelor’s degree from an accredited institution or university in the appropriate field, with a minimum 50% average grade point average. A master’s degree in business administration with a concentration in pharmaceutical management is one of the numerous MBA concentrations that are quite common. This class combines the fundamentals of pharmaceutical and healthcare studies with business and advertising theory. MBA in Pharma is a viable option for those interested in the pharmaceutical industry but not necessarily clinical research.
Applicants must take entrance tests at the best pharmaceutical management MBA programs if they want to get admission. The Common Admissions Test (CAT), the Xavier Admissions Test (XAT), the Graduate Management Admissions Test (GMAT), the Korea Management Admissions Test (KMAT), etc. are all available to prospective students.
Frequently Asked Questions About MBA in Pharmaceutical Management
Q. What is the Top MBA in Pharmaceutical Management list?
Ans. CIMS Kolkata
IMT Group of Institutions, Varanasi
MBA in Pharmaceutical Management colleges offer the course with a fee between the range of Rs 1-2 lakh. Some of these colleges are:
- Jaywantrao Sawant Institute of Management & Research, Pune
- Department of Management Sciences, Pune University
- Parul University
- Prin. N.G. Naralkar Institute of Career Development and Research
- Trinity Institute of Management and Research
MBA in Pharma colleges in India is between the ranges of Rs 2-3 lakh. Some of these colleges are:
- Sri Chandrashekharendra Saraswati Vishwa Mahavidyalaya University Bahra University
- Chitkara College of Sales and Marketing
- Badi University of Emerging Sciences and Technology
- Shobhit Institute of Engineering and Technology
MBA in Pharma colleges in India offer the course between the fee ranges of Rs 3-5 lakh. These colleges are:
- Shoolini University
- SIBMT
- Dr DY Patil Vidyapeeth Global Business School & Research Centre
- ASM’s Institute of Management and Computer Studies
- ICRI, Jagannath University
MBA in Pharmacy Colleges in India is above Rs 5 lakh. Some of these colleges are:
- NMIMS School of Business Management
- ICBM- School of Business Excellence
- Shobhaben Pratapbhai Patel School of Pharmacy and Technology Management
- Suryadatta Institute of Management and Mass Communication
- Adamas University
Q. What are the qualifying requirements for pursuing an MBA in Pharmaceutical Management?
Ans. To be eligible for an MBA in Pharmaceutical Management, students must have a bachelor’s degree in a related discipline from a recognized institution or university, with a minimum grade point average of 50%.
Q. How much does an MBA in Pharmaceutical Management degree program cost?
Ans. The average tuition cost paid by colleges or universities in India for this programme is between INR 1,000,000 and 1,000,000. The fee differs between private and public institutions.
Q. What are some of the most well-known universities that offer an MBA in Pharmaceutical Management?
Ans. Alliance University, Amity University, Lovely Professional University, Chandigarh University, Bharati Vidyapeeth University, Panjab University, Amity Business School, and others are among the most famous universities that offer MBA in Pharmaceutical Management programs.
Q. What work opportunities are open to a recent MBA in Pharmaceutical Management postgraduate?
Ans. Pharmaceutical Distributors, Pharmaceutical Purchasing Managers, Formulation Pharmaceutical Technology Scientists, Sales Managers, Consultant and Project Managers, Market Researchers and Analysts, and other employment roles are open to MBA in Pharmaceutical Management postgraduates.
Q. Can I obtain an MBA in Pharmaceutical Management through distance learning?
Ans. Yes, the MBA in Pharmaceutical Management program is also available through distance learning or correspondence. Sri Padmavati Mahila Visvavidyalayam University, Jagannath University, Don Bosco University Global Center for Open and Remote Education, Bharathiar University, Suresh Gyan Vihar University, and others are among the best institutions that offer this programme online.
