About Course
The PGDM with Specialization in Pharmaceutical Management is a full-time, two-year, AICTE-accredited program designed by industry experts to prepare students for jobs in hospitals, healthcare organizations and hospitals. The PG Pharmaceutical Management degree expands your knowledge of potions and the persuasive use of medicines. The course enables you to acquire up-to-date company information and pharmaceutical basics. The course is primarily designed to prepare qualified candidates for administrative positions in the pharmaceutical industry. In addition, it provides an opportunity to prepare for work on designing, operating management systems, advising and understanding management personnel issues. In the PG Diploma in Pharmaceutical Management course, students will be prepared for large companies with board initiatives, business ideas, leadership innovations and pharmaceutical administration. Students will also learn principles to meet the modern administrative needs of the pharmaceutical industry.
Course Highlights
Particulars | Values |
Course Name | Post Graduate Diploma in Pharmaceutical Management |
Course Level | Post Graduate (PG) |
Course Duration | 2 Years |
Examination Type | Semester Based |
Eligibility Criteria | Graduation (in Pharmacy) |
Admission Process | Merit Based/ Entrance Based |
Internship | Yes |
Entrance Exams | CAT, MAT, ATMA, NMAT, XAT, CMAT, GMAT |
Course Fee | INR 10 to 25 LPA |
Average Annual Salary | INR 2.5 to 15 LPA |
Top Recruiting Companies | Dabur India Ltd., Ranbaxy Laboratories, Central Ware Housing Corp., Directorate of Industries & Commerce, etc. |
Job Profiles | Drug Distribution Manager, Sales & Marketing Manager, Production/ Operations Manager, Quality Control/Quality Assurance Manager, Medical Department Manager, Training and Development Manager, R&D Manager, Formulation Development Manager, Distribution & Supply Chain Manager, Exports & International Marketing Manager, Regulatory affairs Manager |
Why Study PGDM in
Pharmaceutical Management?
By implementing the PGDM in pharmaceutical
management, every professional has the opportunity to increase their knowledge
in the field of pharmaceutical sciences and the effective use of drugs. In
addition, this course allows them to further develop their business management
skills and understand the basics of pharmacy.
The main objective of the PGDM in
Pharmaceutical Management is to prepare students for managerial positions in
the pharmaceutical industry. It therefore includes courses to improve skills
related to design techniques, consulting, problem solving and management.
Additionally, this course trains students in pharmaceutical management,
technology management, and advanced business concepts of this industry.
Eligibility Criteria
As
a minimum admission requirement, the course requires the candidate to complete
a B.Pharm./M.Pharm/PhD. in the pharmacy or BSc./MSc with work experience in the
pharmaceutical sector in the commercial/marketing profile. Students who are
waiting for the result of the final examination can also apply for admission.
Admission Process
The modalities of
admission to the course may vary from institution to institution. Some
institutions in the country conduct entrance tests and face-to-face interviews
to assess and qualify candidates for admission. Students are usually selected
on the basis of the results of the last aptitude test or the associated
entrance test.
Skills Required for PGDM in Pharmaceutical
Management
Following are the skills that a candidate must acquire for PGDM in Pharmaceutical Management:
1. Project Planning Skills
2. Transferrable Skills
3. Strategic Thinking and Creative Problem Solving
4. Management Skills
5. Awareness Of Industry Trends
6. Understanding of Regulations and Legal Matters
7. Conflict Resolution and Teamwork
8. Relationship Building
9. Decision Making Skills
10. Problem Solving Skills
11. Communication Skills
12. Organizational Skills
13. Leadership Skills
14. Interpersonal Skills
15. Time Management
Entrance Exams for PGDM in
Pharmaceutical Management
Following are the top
entrance exams for PGDM in Pharmaceutical Management:
CAT | CMAT |
GMAT | SNAP |
NMAT | XAT |
Top Colleges Providing PGDM in
Pharmaceutical Management
Name of College | Average Annual Fee (INR) | Location |
Andhra University, College of Pharmaceutical Sciences | INR 10,000 | Visakhapatnam, Andhra Pradesh |
University Institute of Pharmaceutical Sciences | INR 11,000 | Chandigarh, Chandigarh |
Maharshi Dayanand University | INR 11,480 | Rohtak, Haryana |
Rashtrasant Tukadoji Maharaj Nagpur University | INR 16,335 | Nagpur, Maharashtra |
Bombay College of Pharmacy | INR 22,640 | Mumbai, Maharashtra |
Sinhgad Institute of Pharmacy | INR 29,378 | Pune, Maharashtra |
National Institute of Pharmaceutical Education and Research | INR 44,390 | Mohali, Punjab |
Goa College of Pharmacy | INR 46,750 | Panji, Goa |
Kle College of Pharmacy | INR 60,000 | Hubli, Karnataka |
Devi Ahilya Vishwavidyalaya | INR 60,500 | Indore, Madhya Pradesh |
Jss College of Pharmacy | INR 72,175 | Mysore, Karnataka |
Jamia Hamdard University | INR 88,917 | New Delhi, Delhi NCR |
Poona College of Pharmacy | INR 92,000 | Pune, Maharashtra |
Indian Institute of Technology | INR 94,050 | Varanasi, Uttar Pradesh |
Institute of Chemical Technology | INR 1,78,000 | Mumbai, Maharashtra |
Manipal College of Pharmaceutical Sciences | INR 1,94,000 | Manipal, Karnataka |
Birla Institute of Technology | INR 2,06,000 | Ranchi, Jharkhand |
Course Comparison
Parameters | PGDM in Pharmaceutical Management | MBA in Pharmaceutical Management |
Course Name | Post Graduate Diploma in Pharmaceutical Management | Master of Business Administration in Pharmaceutical Management |
Course Overview | This course covers advanced healthcare concepts and processes, particularly the effective and safe use of medication. | This course focuses on training qualified professionals for managerial positions in areas such as drug manufacturing, production management, pharmaceutical marketing, brand management, etc. |
Course Duration | 1 Year | 2 Years |
Course Level | Post Graduate (PG) | Post Graduate (PG) |
Eligibility Criteria | Graduation from a recognized university with a minimum aggregate score of 50% | Graduation from a recognized university with a minimum aggregate score of 50% |
Admission Process | Merit/Entrance Based | Merit/Entrance Based |
Course Fee | INR 10K – 25 LPA | INR 1 – 10 LPA |
Career Prospect | Sales Manager, Drug Cost Accountant, Drug Distribution Manager, Sales & Marketing Manager, Pharmaceuticals Distributor, Self-Marketer, Market Researcher and Drug Developer | Pharmaceuticals Distributors, Pharmaceutical Purchase Manager, Formulation Pharmaceutical Technology Scientist, Sales Managers, Consultant and project manager, Market researcher and analyst etc |
Average Annual Salary | INR 1 – 15 LPA | INR 3 – 10 LPA |
Abroad Jobs
Top International Recruiting Companies who hire PGDM in Pharmaceutical Management graduates are:
1. Abbott India
2. Lupin
3. Sun Pharma
4. Dabur India Ltd
5. Ranbaxy Laboratories
6. Central Warehousing Corp.
7. Infosys
8. Cipla
9. Piramal
Job Profiles
Some
of the famous expert avenues open to successful graduates of the PGDM in
Pharmaceutical Management degree are indexed underneath with the corresponding
salaries provided for the respective positions.
Job Profiles | Job Description | Average Salary in INR |
Sales Manager | Sales managers lead a sales team by providing guidance, training and mentorship, setting sales quotas and goals, creating sales plans, analyzing data, assigning sales territories and building their team. | INR 5,00,000 |
Drug Cost Accountant | Drug Cost Accountants help businesses by overseeing and analyzing drug cost expenditures and purchases within the organization. | INR 7,50,000 |
Drug Distribution Manager | Drug Distribution Manager ensure that all aspects of the handling, manufacturing, and distribution of pharmaceutical products at the site comply with company and relevant cGMP regulatory requirements. | INR 8,00,000 |
Pharmaceuticals Distributor | Pharmaceutical distributors play an important role in the supply chain, purchasing medical products from pharmaceutical manufactures for storage in distribution centers and warehouses across the country. | INR 2,00,000 |
Scope for PGDM in
Pharmaceutical Management
Graduates
of this program are well prepared for a variety of management positions in the
pharmaceutical industry. These positions may include a market research analyst,
a business development manager, or a purchasing manager. The pharmaceutical
industry is changing rapidly and it takes strong leadership to steer it through
these rapid changes. Those with a PGDM Pharma Management degree will be better
equipped to navigate these changes in the industry.
Earning
an MBA is a good choice if you want to work in a division of the pharmaceutical
industry. While Pharmacy B graduates are trained in the medical side of
healthcare, an MBA with a specialty in Pharma Marketing teaches them how to
sell pharmaceuticals and medical devices. Additionally, an MBA makes you the
best candidate for many pharmaceutical companies. A PGDM in Pharma Management
will not only improve your career prospects but will also help you achieve your
career goals in various industries.
PGDM in Pharmaceutical
Management: Career Prospects
You will be in
demand in the pharmaceutical industry. Global healthcare spending is expected
to grow at 4% annually, creating an urgent need for innovative technologies and
products. Pharmacy graduates are well prepared for this need. The need for pharmaceutical
specialists will continue to grow. In 20 years you will be one of the most
sought-after graduates, with good travel and professional development
opportunities.
A PGDM in pharmaceutical management prepares students for managerial positions
in the pharmaceutical industry. You will learn a variety of skills such as
operational planning and management, consulting, and problem-solving. It could
also open the door to other fields, including biotechnology. After a master's
degree in pharmaceutical management, there are many opportunities to work in
the pharmaceutical industry. You have many options and your education and
training will be well rewarded.
FAQ’s
(1). What is Pharmaceutical
management?
Ans. Pharmaceutical management is the study
of pharmaceutical sciences with the study of marketing and management. It develops skills in planning &
operating management techniques, acquiring consultancy skills, and solving
management problems.
(2). What are the
eligibility criteria to pursue Post Graduate Diploma in Pharmaceutical
Management?
Ans. Admission for Post Graduate Diploma
in Pharmaceutical Management course requires the aspirant to complete their
undergraduate degree with a minimum average of 50 percent aggregate marks from
a recognized institution in any relevant discipline.
(3). What are the
career options after a PGDM in Pharmaceutical Management?
Ans. There are various career options
after a PGDM in Pharmaceutical Management. Some of the careers are Sales
Managers, Drug Distribution Manager, Market Researcher & Drug Developer.
Pharmaceuticals Distributors, Pharmaceutical Purchase Managers, Formulation
Pharmaceutical Technology Scientists, Quality Assurance Managers, and Business
Development Managers.
(4). Is it possible
to pursue a Ph.D. after completing a PGDM in Pharmaceutical Management?
Ans. You are only eligible to do a Ph.D.
when you come with your PGDM Course from an AICTE-approved college. The
colleges/Institutions providing this PGDM Course must be a member of the
Association of Indian Universities.
(5). What are the
skills required for a PGDM in Pharmaceutical Management?
Ans. Interpersonal Skills, Time
Management, Organizational Skills, Communication Skills, Problem-Solving
Skills, Leadership Skills, and Decision-Making Skills are some of the skills
required for a PGDM in Pharmaceutical Management.
(6). What is the
average PGDM Pharmaceutical Management salary in India?
Ans. The average PGDM Pharmaceutical
Management salary in the India package ranges from Rs. 3 to 10 LPA.
(7). Which
employment areas hire an individual after a PGDM in Pharmaceutical Management?
Ans. After a PGDM in Pharmaceutical
Management, the areas such as business administration and management,
pharmaceutical production management, financial management of pharma
businesses, brand management and marketing of pharmaceutical products, etc.
hire an individual.
(8). How much does
it cost to enroll in a PGDM program in pharmaceutical management?
Ans. In India, colleges and universities
often charge between INR 10,000 and INR 25,000,000 in tuition for this program.
The cost varies between private and public institutions.
(9). Can I pursue
a PGDM in Pharmaceutical Management through distance learning mode?
Ans. Yes, PGDM in Pharmaceutical
Management program is also offered through distance learning or correspondence
mode. Some top colleges offering this course through distance mode are Sri Padmavati Mahila Vishvavidyalayam, Jagannath University, Don Bosco University Global Center for Open and Distance Education, BharathiarUniversity, Suresh Gyan Vihar University, etc.
(10). Which are
some of the most popular colleges offering a PGDM in Pharmaceutical
Management?
Ans. Some of the most popular colleges offering a PGDM in Pharmaceutical Management programs are NMIMS Mumbai, IIHMRUniversity (Jaipur), SIES School of Business Studies (Mumbai), DY PatilUniversity's School of Management - [DYPUSM] (Navi Mumbai), IES MCRC (Mumbai), Sharda University, School of Business Studies (Greater Noida), etc.