MBA in Pharma Management

  • course years 2 Years
  • type of course Post Graduate
  • course stream Management
  • course type Full Time
Written By universitykart team | Last Updated date May, 12, 2023

(1). About the Course

MBA in Pharma Management is a Two-year postgraduate control path that offers managerial project know-how and abilities for the pharmaceutical industry. Aspirants who want to associate themselves with various aspects of the pharmaceutical business can opt for this course for a bundle of exciting job opportunities.

Pharmaceutical is the branch of pharmacy that converts an advanced chemical compound (NCE) or old pill into a drug for precise and correct use by patients. This is also referred to as know-how in the design of dosage forms. MBA Pharmaceutical Management in India is all about inexperienced management of various areas including branding, revenue pursuit, financial planning, etc.

Admission to top Pharmaceutical schools is carried out both on an advantage foundation or front tests including CAT/MAT/CMAT etc. The average MBA Pharmaceutical Management fees charged by colleges or universities in India lie anywhere between INR 1,00,000-10,00,000 per year.

Some of the main topics of the Pharmaceutical Management MBA are Pharmaceutical Control Information Systems, Legal Aspects of Pharmaceutical Business, Management Control Systems, and Strategic Management. The range of hobbies of the MBA in Pharmaceutical Management is a daily consequence of the global exposure and commercialization of pharmaceutical products.

Course Highlights

Highlights for the MBA Pharma Management software are furnished inside the desk given below:

Particular Value
Course Name Master of Business Administration in Pharma Management
Course Level Postgraduate
Course Duration 2 years
Eligibility Criteria Bachelor’s degree with a minimum aggregate score of 50% (45% for SC/ST candidates)
Examination Type Semester based
Admission Process Entrance Exam + Group Discussion + Personal Interview
Course Mode Full Time, Part Time, Distance, Online
Age No age limit
Top Entrance Exams CAT, CMAT, NMAT, SNAP, XAT, GMAT
Average Annual Fee INR 1,00,000-10,00,000
Average Annual Salary INR 3,00,000-10,00,000
Top Recruiters Ranbaxy Laboratories, Dabur India Ltd., Central WareHousing Corp., Infosys, Cipla, Abbott India, Lupin, Sun Pharma, Dr. Reddy’s lab, Piramal, Cipla, Genzyme, Dabur India Ltd, GlaxoSmithKline, Laurus Laboratories ltd, Regeneron Pharmaceuticals, Bayer, Biocon, Pfizer, Novartis, Cadila, Healthcare Limited, Allergan
Job Profiles Pharmaceuticals Distributors, Pharmaceutical Purchase Managers, Formulation Pharmaceutical Technology Scientists, Consultants and project managers, Biochemist, Drug Inspector, Market Research Analysts, Business Development Managers, Area Sales Managers, Brand Managers

Why Study MBA in Pharma Management?

MBA in Pharma Management is one of the maximum sought-after guides in India in phrases of private increase and professional increase opportunities. The direction has a lot of advantages connected to it. Some of the blessings and perks of pursuing this route are given below:

(i). The path gives diverse professional boom possibilities and promotes the boom of knowledge.
(ii). The direction is a must-do for college kids who aspire to maintain managerial positions in the Pharmaceutical industry.
(iii). The route specializes in each of the theoretical and realistic elements of the subject. Its curriculum incorporates various assignments, presentations, quizzes, and internships which provide hands-on industrial experience to the students.
(iv). The MBA Pharmaceutical Management salary package ranges from INR 3,00,000-10,00,000 per annum. The average CTC offered by companies in some reputed institutes can reach as high as INR 15,00,000-20,00,000.
(v). The route opens up numerous professional possibilities in front of students. Students can pick paintings from top-notch Pharmaceutical companies. They may even install their very own businesses. Apart from this, yet another option for students is to pursue much higher education.
(vi). The MBA in Pharmaceutical Management program may serve as a springboard for an individual who wants to launch his own company in the pharmaceutical sector.

(2). Admission Process

The admission process to the course is determined by a candidate’s performance on an entrance exam. CAT, MAT, SNAP, CMAT, and other key all-India admission tests are held for this purpose. Some colleges also provide merit-based admission.

Types of MBA Pharma Management Courses

MBA degrees are available in a range of formats, including full-time and online degrees that can be completed from the convenience of one's own home. Each MBA degree type or form offers the potential to get a full understanding of the Pharma management profession, but which should a person pursue? Here is an overview of the many MBA Pharma Management programs that are offered to aspirants:

(i). Distance

The two to three-year online MBA program is now complete. Distance learning is the best choice for pursuing an MBA in Pharmaceutical Management after receiving a bachelor's degree but lacking the time to attend conventional classes.

(ii). Full-Time

A two-year, full-time MBA program in Pharma Management is available. Practical information is greater vital than theoretical know-how in this line of work. A full-time course provides the benefit of allowing students to connect closely with teachers and other students, thus expanding their exposure, experience, and knowledge.

(iii). Part-Time

There is a part-time MBA program in Pharma Management. In this line of business, realistic knowledge supersedes theoretical comprehension. The benefit of a part-time MBA is, it lets candidates have the flexibility to work at the same time as studying.

Eligibility Criteria

Admission Requirements for MBA Candidates in Pharma Management are simple and are as follows. It should be noted that admission requirements vary from institution to institution.

(I). The applicant must have a bachelor's degree in a relevant subject from a recognized college or university.
(ii). In order to be admitted to this course, you must achieve at least 50% of the overall grade.
(iii). The candidate must have a valid score in the required entrance exam.
(iv). Work enjoyment isn't required however is strongly preferred.

Admission Process

The MBA Pharmaceutical Management admission process is divided into four steps:

(i). Apply for MBA Entrance Exams
(ii). Attend the Entrance Exam
(iii). Short-listing Process
(iv). Written Ability Test (WAT), Group Discussion (GD), and Personal Interview (PI).

Accepted Entrance Exams

Entrance exams are conducted for MBA aspirants at three different levels, namely at the national level, state level, and university level. These entrance exams will test the basic knowledge of the students who are aspiring to do an MBA course. Institutions consider the scores obtained in the exams for the admission process. The students who are desiring to take up their postgraduate MBA in Pharmaceutical Management should take up the entrance exams and perform well to secure admission. Some of the well-known entrance exams that can be taken are:

SNAP MAT CAT
ATMA XAT CMAT
TISSNET MAH CET IBSAT
IIFT NMAT

Skills Required

There are three aspects focused on general MBA programs that are like the development of leadership skills through learning organizational behavior, communications, and teamwork.  Considering the specialization of Pharmaceutical Management, those topics and competencies are imparted on the fundamental degree as center courses.

Every Industry calls for a selected set of skills. In this selected field, each tough competencies and tender competencies play a crucial role, and the capacity to deal with criticism, and be impartial will assist you to prosper in your favored career. Some of those MBA in Pharmaceutical Management Skills are mentioned below:

Decision-Making Skills Communication Skills Interpersonal Skills
Creative Thinking Problem-Solving Skills Time Management
Work under pressure Leadership Skills Organizational Skills
Team-spirit Mathematical skill

Fee Structure

MBA in Pharma Management is a postgraduate management course for two years consisting of four semesters. The average MBA in Pharma Management fees ranges from INR 2,00,000-5,00,000 PA.

Some of the colleges are listed below according to their fees structure:

Name of College Average Annual Fee(INR)
Chitkara University, Patiala INR 2,83,000
NMIMS, Mumbai INR 3,00,000
IIHMR University, Jaipur INR 5,80,000

Selection Criteria

All the shortlisted applicants who get selected based on the entrance exam score or merit will have to appear for the group discussion, followed by a personal interview. On getting selected, the student can pay the fee and get their admit card.

(3). Course Comparison

MBA in Pharma Management v/s MBA in Media Management

Below is a comparison between the MBA in Pharma Management and MBA in Media Management:

Parameter MBA in Pharma Management MBA in Media Management
Course Name Master of Business Administration in Pharma Management Master of Business Administration in Media Management
Course Overview MBA in Pharma Management is a Two-year postgraduate control path that offers managerial project know-how and abilities for the pharmaceutical industry. MBA in Media Management is a 2-year postgraduate management course that gives the understanding and capabilities to deal with distinctive media modes like television, print, advertisement, publishing, etc.
Duration 2 years 2 Years
Eligibility Bachelor’s degree with a minimum aggregate score of 50% (45% for SC/ST candidates) BBA or Bachelor’s in relevant field with 50% total aggregate.
Course Stream Management Management
Average Annual Fees INR 1,00,000-10,00,000 INR 3,00,000-10,00,000
Average Annual Salary INR 3,00,000-10,00,000 INR 2,00,000-10,00,000
Entrance Exams CAT, CMAT, NMAT, SNAP, XAT, GMAT CAT, XAT, MAT, GMAT
Top Colleges Chitkara University, IIHMR University, NMIMS IIM, UPES, LPU, JMI

(4). Top Colleges

MBA in Pharma 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.

Name of College Average Annual Fee(INR) Location
Centurion University of Technology and Management INR 2,10,000 Bhubaneswar
School of Business Management INR 12,64,000 Mumbai
Chandigarh University INR 1,80,000 Chandigarh
HITS INR 2,53,000 Chennai
NIPER INR 3,51,660 Hyderabad
IIHMR University INR 8,40,000 Jaipur
Jamia Hamdard INR 4,70,000 New Delhi
LPU INR 3,04,000 Jalandhar
SPJIMR INR 8,75,000 Mumbai
Amity University INR 3,40,000 Noida
DYPUSM INR 8,40,000 Mumbai
NIMS University INR 60,000 Jaipur
Ganpat University INR 95,000 Mehsana
Delhi Institute of Pharmaceutical Sciences and Research INR 96,000 New Delhi
Faculty of Pharmacy MS Ramaiah University of Applied Sciences INR 4,68,500 Bangalore
SIBM INR 7,68,000 Pune
Alliance University INR 6,25,000 Bangalore
PUMBA INR 1,32,388 Pune
NMIMS INR 9,25,000 Mumbai
Institute of Applied Management Sciences INR 5,04,740 Chandigarh
MAHE INR 2,60,000 Manipal
NIPER INR 3,51,660 Mohali

Top City-wise MBA in Pharma Management Colleges in India

MBA in Pharma Management is one of the most well-known publications in India. The Best Urban Pharma Management MBA Colleges in India are listed below:

Name of City Name of College
Bangalore Xavier Institute of Management and Entrepreneurship
IIM Bangalore
Christ University
Jagdish Sheth School of Management
AIMS
Kolkata NSHM Knowledge Campus
International School of Business
IMI
IIM Calcutta
IISWBM
Mumbai St. Francis Institute of Management and Research
National Institute of Industrial Engineering
NMMIS
JBIMS
SPJIMR
Delhi Amity University, Noida
Christ University
GGSIPU
IMI
IMT

Top Government & Private MBA in Pharma Management in India

Various academic institutions across the country offer an MBA in Pharma Management. Admission is based on academic achievement and the results of entrance exams. Here we have created a list of some of the top government & private MBA in pharma management colleges in India:

Type of College Name of College Average Annual Fee(INR)
Government NIPER Ahmedabad INR 3,51,660
National Institute of Pharmaceutical Education and Research SAS Nagar INR 3,51,660
PUMBA Pune INR 1,32,388
NIPER Hyderabad INR 3,51,660
Delhi Institute of Pharmaceutical Sciences and Research, New Delhi INR 96,000
Private Chitkara College of Sales and Marketing, Jhansla INR 2,80,500
Singhania University, Jhunjhunu INR 1,60,000
Suresh Gyan Vihar University, Jaipur INR 4,00,000
School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai INR 12,64,000
School of Management, Dr. DY Patil University, Navi Mumbai INR 8,40,000
Faculty of Pharmacy MS Ramaiah University of Applied Sciences, Bangalore INR 4,68,500
Jamia Hamdard, New Delhi INR 4,70,000
IIHMR University, Jaipur INR 8,40,000

(5). Job & Placements

The Indian pharmaceutical organization is the 3rd best enterprise in the world. India is the greatest provider of non-exclusive medicines worldwide with Indian generics addressing 20% of overall commodities to the extent of volume. Hence, graduates with MBA in Pharmaceutical Management can avail themselves of a plethora of employment opportunities.MBA in Pharmaceutical Management shall we a person get a hobby in advertising and advertising and qualify for control and authority positions in his/her present-day company. 

Since postgraduate commercial enterprise packages emphasize growing management and conversation skills, graduates can enhance to advertising positions effortlessly. An MBA in Pharmaceutical Management can offer a tremendous raise to one’s reimbursement package. The annual profits for holders of an MBA in Pharmaceutical Management tiers from INR 6,00,000-10,00,000 in the initial stage, depending on the seniority, company, and sector.

Job Profile

Some of the major MBA Pharma Management job profiles along with respective job descriptions are mentioned below:

Job Profile Job Description
Pharmacist The pharmacist is a specialist in the administration of medicines. For example, a pharmacist's administrative center resides in a hospital, networked environment, or pharmacy and retail pharmacy. Pharmacists are also responsible for the development, marketing, and distribution of medicines.
Sales Manager A Sales Manager is liable for dealing with and dealing with the Sales branch of an organization. Setting goals, studying data, constructing an income plan, and assigning income education are many of the responsibilities of the Sales Manager. They also are concerned with the hiring method of the company. Their daily obligation varies with the dimensions of the organization.
Market Research Analyst A marketplace studies analyst is part of the advertising team. A marketplace studies analyst evaluates client choices so that it will help corporations in reaching product specifications primarily based totally on modern-day marketplace trends, increasing their attain thru advertising, and advertising and marketing their merchandise and services.
Business Development Manager A Business Development Manager develops enterprise opportunities, initiates numerous enterprise deals, negotiates income initiatives, and increases the price range for numerous projects.
Biochemist Biochemists investigate the behavior of living things at the molecular level in order to comprehend the processes that take place. To examine the effect of medications and food on biological processes, biochemists must analyze DNA, enzymes, and other substances. They define the structure of molecules with high-tech devices.
Drug Inspector Drug inspectors help in figuring out drug safety, usefulness, and reliability. Their number one obligation is to test meals or drug treatments at numerous degrees of the producing procedure to make certain that fine requirements are met. They also are in fee of executing protection guidelines and devising approaches for analyzing pharmaceutical products.
Market Researcher and Drug Developer The main tasks include gathering and analyzing information from the market and further developing useful drugs based on the results.
Pharmaceutical Purchase Manager A Pharmaceutical Purchase Manager analyses the marketplace and the distribution device to evaluate gift and destiny cloth availability.
Drug Distribution Manager A Drug Distribution Manager looks after the storage and distribution of licensed drugs. He deals with various manufacturers, suppliers, and retailers.

Top Recruiters

MBA in Pharma Management degree holders supervisors works with doctors, come to a decision approach choices, alter affected person attention and making plans and bookkeeping, and lead selling endeavors to assure their affiliation capacities easily. Top recruiting businesses are:

GlaxoSmithKline Cipla Apollo Life
Laurus Laboratories Ltd Genzyme Bayer
Max Healthcare Piramal Healthcare USV Limited
Novartis Ranbaxy Laboratories Vergo Pharma
Pfizer Biocon Allergan
Columbia Asia Cadila Healthcare Wipro GE Healthcare
Dabur India Ltd Regeneron Pharmaceuticals Abbott Laboratories
Fortis Sun Pharma Zydus Cadila

Employment Areas

Pharma Management provides opportunities in both the private and government sectors. Some of the industries to look out for are listed below.

The areas of recruitment providing MBA Pharmaceutical Management jobs are:

(i). Hospitals
(ii). Chemical Industries
(iii). Research Laboratories
(iv). Educational Institutions
(v). Pharmaceutical Companies
(vi). Healthcare Institutes

Average Salary

The average annual starting salary for holders of an MBA in Pharma Management ranges from Rs 3,00,000-10,00,000 depending on the seniority, company, and sector. The average MBA Pharma Management salary in the India package ranges from Rs. 2,00,000-7,00,000 PA:

Level of Experience Average Salary (per annum)
0-1 year Rs. 7,00,000
1-3 years Rs. 12,00,000
Above 5 years Rs. 20,00,000

The job profiles and salary packages for MBA in Pharma Management graduates have been tabulated below:

Job Role Average Annual Fee(INR)
Production and Quality Control Manager Rs. 7,80,236
Product Marketing Manager Rs. 16,00,000
Regional/ Zonal Sales Manager Rs. 13,30,000
Technology Scientist Rs. 10,80,000
Drug Distribution Manager Rs. 6,55,000
Sales Manager Rs. 4,90,000
Market Researcher & Drug Developer Rs. 6,70,000
Pharmaceutical Purchase Manager Rs. 8,42,692
Formulation Pharmaceutical Rs. 6,00,000

(6). Career/Scope

Over the past years, MBA in Pharma Management has become immensely popular among students. The direction gives various professional opportunities. This similarly affirms the monstrous recognition of the route amongst students.MBA in Pharmaceutical Management graduates is employed in numerous groups like Ranbaxy Laboratories, Dabur India Ltd., Infosys, Cipla, Abbott India, Lupin, Sun Pharma, Dr. Reddy’s lab, and Piramal.

Students also can pursue a Ph.D. in Pharma Management as well as biochemistry or chemistry and have completed an MBA in Pharmaceutical Management. Students can amplify their understanding even similarly as they pursue higher-paying careers.

Career options after MBA in Pharma Management

Pharma Management is constantly essential as they play an important position in human lives. An MBA in Pharma Management possesses all the necessary skills for that task and can get MBA in Pharmaceutical Management jobs under the following job titles:

(i). Marketing Manager
(ii). Business Analyst
(iii).  Drug Distribution Manager
(iv). Pharmaceutical Purchase Manager
(v). Business Development Manager
(vi). Brand Manager
(vii). Area Sales Manager

Scope for Higher Education

MBA in Pharma Management is one of the key areas inside the medicinal and pharmaceutical production and distribution industry, as a result of its sizable position in decision-making and setting monetary strategy.  Students who need to pursue better schooling can do certification guides in associated fields or do their Ph.D. Some of the options are:

(i). Ph.D. in Pharmacy Management
(ii). Ph.D. in Health Systems Pharmacy Management
(iii). Ph.D. in Pharma Management
(iv). Ph.D. in Pharma Economics

Skills that Make You the Best Pharma Graduates

Every Industry calls for a particular set of skills. In this selected field, each tough abilities and smooth abilities play an essential role, and the cap's potential to address criticism, and be impartial will assist you to prosper in your favored career. By Master of business administration in Pharmaceutical Management, the following skills will be gained:

(i). Problem-Solving Skills
(ii). Leadership Skills
(iii). Decision-Making Skills
(iv). Interpersonal Skills
(v). Time Management and Organization Skills
(vi). Communication Skills

(7). FAQs

(1). What is an MBA in Pharma Management?

Ans. MBA in Pharma Management application offers the theoretical and practical factors of Pharmacy. The number one intention of the MBA in Pharma Management direction is to supply professional experts for managerial and associated positions within the Pharmaceutical industry.   The MBA in Pharma Management course is a study of the health & chemical sciences, and management and marketing strategies. The MBA in Pharma Management is a 2-year course, which is divided into 4 semesters of study.

(2). What salary can a fresh MBA in Pharma Management graduate expect?

Ans. Fresh graduates of this course can easily expect compensation of INR 3,00,000-10,00,000 per year.

(3). What is the average fee for an MBA in Pharma management?

Ans. The average annual fee for an MBA is about Rs. 11,00,000.

(4). What are the eligibility criteria one must fulfill in order to pursue an MBA Pharma Management course?

Ans. Students who want to pursue an MBA in Pharmac Management have to have a bachelor’s degree in an applicable subject from a diagnosed university or college with a minimal rating of 50%.

(5). Is CAT compulsory for an MBA in Pharma Management?

Ans. Yes, CAT is compulsory for an MBA in Pharma Management. Other than this, candidates can qualify for any national-level entrance examination such as MAT/GMAT/XAT/CMAT, etc. To end up eligible for an MBA in Pharmaceutical Management.

(6). Can I get direct admission to MBA in Pharma Management?

Ans. Yes, there is a provision to get direct admission to MBA in Pharma Management. However, the admissions then will be on a first-come-first-serve basis. Students with paintings enjoy are given preference. The final selection is done on the basis of the candidate’s portfolio.

(7). Is online mode better than full-time mode for studying MBA in Pharma Management?

Ans. Though the internet mode is more flexible and reachable for professionals, the full-time mode is more beneficial for students. In offline mode, they're capable of engaging with professors immediately and getting to examine their peers. Online mode, on the opposite hand, enables them to pursue an activity and better schooling together.

(8). What is the MBA in Pharma Management front exams?

Ans. The MBA in Pharma Management entrance exams comprises the CAT exam, CMAT exam, XAT exam, MAT exam, NMAT exam, GMAT exam, etc.

(9). What is the MBA in Pharm Management admission process?

Ans. The MBA in Pharma Management admission process includes an Entrance Exam, Group Discussion, and Personal Interview.

(10). Is work experience mandatory for MBA in Pharma Management?

Ans. No, paintings reveal isn't always obligatory for MBA in Pharma Management. Nevertheless, candidates with two to five years of experience are highly preferred by business schools. Still, you must not feel disheartened if you do not have the required work experience.

(11). What are the professional alternatives after an MBA in Pharma Management?

Ans. There are numerous professional alternatives after an MBA in Pharma Management. Some of the careers are Digital Marketing Executive, Social Media Manager, Advertising Manager, Brand Manager, and Market Research Analyst.

(12). Are internship opportunities provided to students pursuing MBA in Pharma Management?

Ans. Yes, industry internship is an important part of the course curriculum for students pursuing an MBA in Pharma Management. The internship is designed to give students a peak into the workings of the industry without restricting them to theoretical concepts. Industry supervisors rigorously evaluate the performance of students which helps them build their careers.

(13). Which are some of the most popular colleges offering an MBA in Pharma Management?

Ans. Some of the most popular colleges offering an MBA in Pharma Management program are Alliance University, Amity University, Lovely Professional University, Chandigarh University, Bharati Vidyapeeth University, Panjab University, Amity Business School, etc.

(14). Is there any age limit to pursue MBA in Pharma Management?

Ans. No, there is no upper or lower age limit to pursue MBA in Pharma Management. That said, it is a course that is mostly studied by candidates who are above 20 years of age and the general age range of students is between 25 and 30 years.

(15). Is it viable to pursue a Ph.D. After finishing an MBA in Pharma Management?

Ans. Students who've finished an MBA in PharmaManagement degree can practice for a Ph.D. in Pharmaceutical Management.

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