MBA in Pharmaceutical Management: Course, Fees, Exams, Admission, Colleges, Career Options
MBA in Pharmaceutical Management is a two-year postgraduate degree programme that overlaps the fields of pharmacy and management. The course discusses topics such as healthcare policy, pharmaceutical marketing and drug development. Around 24 private and 7 government colleges in India provide MBA in Pharmaceutical Management.
- Highlights: MBA in Pharmaceutical Management
- MBA in Pharmaceutical Management Eligibility Criteria
- MBA in Pharmaceutical Management Admission
- MBA in Pharmaceutical Management Entrance Exams
- Cutoff of Top Colleges
- MBA in Pharmaceutical Management: Skills Required
- Fee Structure of MBA in Pharmaceutical Management
- Scope of MBA Pharmaceutical Management
- Benefits of Studying MBA Pharmaceutical Management
- Salary after MBA Pharmaceutical Management
- List of Top MBA in Pharmaceutical Management Colleges in India with Fees
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187 students from the 2-year PG course of IIHMR University, Jaipur are placed in the year 2022-23. The median salary of Jamia Hamdard, New Delhi and IIHMR University, Jaipur is Rs. 5.52 LPA and Rs. 6.38 LPA respectively. To enrol in the MBA in Pharmaceutical Management, candidates must have done a bachelor's degree.
Highlights: MBA in Pharmaceutical Management
| Particulars | Values |
|---|---|
Course Name | MBA in Pharmaceutical Management |
Course Duration | 2 years |
Examination Type | Semester system |
Semesters | 4 semesters |
Eligibility Criteria | Bachelor’s degree from a recognised university |
Admission Process | Direct admission and based on the entrance examination |
Average Salary | Rs. 7.7 LPA |
Fees for the Entire Duration | Rs. 1.60 Lakhs to Rs. 15 Lakhs |
Top Companies | Ranbaxy Laboratories, Dabur India Ltd, GlaxoSmithKline, Abbott Laboratories, Regeneron Pharmaceuticals, Bayer, Biocon, Pfizer, Novartis, USV Private Limited and Sun Pharmaceutical Industries Ltd. |
Job Position | Pharmaceutical Purchase Manager, Drug Inspector, Biochemist, Pharmacist, and Market Research Analyst |
MBA in Pharmaceutical Management Eligibility Criteria
To get an MBA in Pharmaceutical Management admission in India, candidates must ensure that they fulfil the required MBA in Pharmaceutical Management eligibility criteria. The eligibility for an MBA in Pharmaceutical Management is as follows:
- MBA in Pharmaceutical Management admission requires the aspirant to complete their undergraduate degrees such as BBA, BA, B.Sc, B.Com, or BCA with a minimum average of 50 per cent aggregate marks from a recognised institution in any relevant discipline.
- Students must have cleared the entrance examination with good scores, along with satisfying the MBA in Pharmaceutical Management eligibility criteria.
- They are required to appear for the counselling process and pay the MBA in Pharmaceutical Management fees.
MBA in Pharmaceutical Management Admission
Universities accept students into MBA in Pharmaceutical Management programmes based on academic performance or a cut-off score on an entrance exam. Also, several colleges offer direct admission to an MBA in Pharmaceutical Management in India based on merit in the qualifying exams. The admission procedure for MBA in Pharmaceutical Management is detailed below.
- Candidates must meet the minimum eligibility requirements to enrol in the college.
- They need to apply to the colleges or universities based on their preference and interest in which they want to get admission.
- Candidates can also apply online by visiting the institute's official website, completing the online application form and submitting e-copies of required documents.
- They need to appear for the entrance exam and get the required cutoff mark.
- After the application, the admission committee will review and release the list of admitted candidates.
- The selected candidates can start the course by verifying their documents and paying the MBA in pharmaceutical management fees.
MBA in Pharmaceutical Management Entrance Exams
Students looking forward to taking admission into an MBA in Pharmaceutical Management will need to appear and ace the required entrance exams. Here is a list of the best MBA admission examinations in Pharmaceutical Management.
| Exam Name | Level | Conducting Body | Exam Schedule |
|---|---|---|---|
National | Indian Institute of Management Lucknow | ||
National | All India Management Association (AIMA) | ||
International | Graduate Management Admission Council | ||
| National | National Testing Agency | ||
National | Xavier School of Management | ||
National | Graduate Management Admission Council |
Cutoff of Top Colleges
MBA in Pharmaceutical Management cut-off is a set of rules used to determine the MBA in Pharmaceutical Management admission. The MBA in Pharmaceutical Management cutoff varies according to the institution and is based on the number of applicants and previous years’ MBA in Pharmaceutical Management entrance exam scores.
MBA in Pharmaceutical Management: Skills Required
MBA in Pharmaceutical Management course requires hard and soft skills to get the full benefits of the course and to get the desired career afterwards. Some of the skills needed for MBA in Pharmaceutical Management are mentioned below:
- Interpersonal skills
- Time management
- Organisational skills
- Communication skills
- Problem-solving skills
- Leadership skills
Subjects/Syllabus of MBA in Pharmaceutical Management
MBA in Pharmaceutical Management subjects will be unique depending on the management institutions and B-schools. In the following table, candidates can check the detailed MBA in Pharmaceutical Management syllabus offered by Ganpat University.
Semester 1 | |
Management Principles and Organisational Behaviour | Accounting and Costing for Managers |
Managerial Economics | Financial Management and Statement Analysis |
Corporate Ethics and Governance | |
Managerial Communication | Soft Skills and Critical Thinking for Managers |
Semester 2 | |
Global Business Environment | Research Methodology in Management |
Entrepreneurship and New Venture Planning | Data Analytics for Business |
Environment Management and Sustainable Development | Human Resources Management |
Production and Operations Management | Computer Skills for Managers |
Semester 3 | |
Strategic Management | Global Marketing Management |
Supply Chain Management for Pharmaceutical | Personality and Aptitude Building for Managers |
Industry Internship Project | Foreign Language |
Semester III (Operations Management Electives) | Purchasing and Vendor Management |
Project Management | Quality Management for Pharmaceuticals |
Semester III (Marketing Electives) | Consumer Behaviour |
Digital Marketing and Brand Management | Sales and Services Management |
Semester 4 | |
Management Control Systems | Healthcare Services Management |
R & D and Technology Management | Legal Aspects & Regulatory Affairs |
Epidemiology and Public Health Management | Capstone Project |
Semester IV (Electives) | Disaster and Risk Management |
Intellectual Property Rights | Publication Practices |
Working Capital for Manager | Retail Management |
Fee Structure of MBA in Pharmaceutical Management
The fee will differ from college to college based on various factors like location and type of MBA in Pharmaceutical Management colleges, the infrastructure they provide and the like. The average MBA in Pharmaceutical Management fees lies between Rs. 1.60 Lakhs and Rs. 15 Lakhs.
Scope of MBA Pharmaceutical Management
MBA in Pharmaceutical Management has become immensely popular among students in the past few years. MBA Pharmaceutical Management course offers diverse management career opportunities in multiple fields like healthcare, pharmaceuticals and biotechnology.
Students can also pursue a PhD in Pharmaceutical Management as well as in Biochemistry or Chemistry and have completed an MBA in Pharmaceutical Management. Students can expand their knowledge even further as they pursue higher-paying careers.
Career Options after MBA in Pharmaceutical Management
The MBA in Pharmaceutical Management programme is designed to give students a broad understanding of the industry. MBA in Pharmaceutical Management graduates can find work in both government and private-sector organisations. Below, we have mentioned some of the MBA in Pharmaceutical Management jobs.
Drug Inspector: Drug inspectors assist in determining drug safety, usefulness, and reliability. Their primary responsibility is to check food or medicines at various stages of the manufacturing process to ensure that quality standards are met. They are also in charge of executing safety rules and devising procedures for inspecting pharmaceutical products.
Biochemist: Biochemists investigate the behaviour of living things at the molecular level to comprehend the processes that take place. To examine the effect of medications and food on biological processes, biochemists must analyse DNA, enzymes, and other substances. They define the structure of molecules with high-tech devices.
Pharmacist: A pharmacist is an expert in the use of medications. A pharmacist's workplace could be in a hospital, a community setting, or a retail drug shop and pharmacy, for example: Pharmacists are also in charge of drug development, marketing, and distribution.
Market Research Analyst: A market research analyst is a part of the marketing team. A market research analyst evaluates customer preferences to assist companies in achieving product specifications based on current market trends, expanding their reach through advertising, and marketing their products and services.
Top Recruiters
- Pfizer
- Ranbaxy Laboratories
- Genzyme
- Novartis
- Regeneron Pharmaceuticals
- Laurus Laboratories Ltd
Benefits of Studying MBA Pharmaceutical Management
Pharmaceutical Management is among the most rapidly expanding and lucrative sectors of management education. Development, research, pharmaceutical administration, and healthcare are all aspects of an MBA in Pharmaceutical Management. Also, students will learn business operations, advanced marketing principles, and professional pharmaceutical management that prepare them for the industry out there.
Salary after MBA Pharmaceutical Management
The average income of an MBA in Pharmaceutical Management graduate is determined by a variety of criteria like the location and type of the company and skills and experience of the employee. The average salary of the MBA in Pharmaceutical Management graduates is tabulated below.
| Job Profile | Average Salary |
|---|---|
Drug inspector | Rs. 5.0 LPA |
Biochemist | Rs. 2.6 LPA |
Pharmacist | Rs. 2.6 LPA |
Market research analyst | Rs. 4.2 LPA |
Source: AmbitionBox
Note: The salary might vary depending on various factors.
List of Top MBA in Pharmaceutical Management Colleges in India with Fees
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. In the table below, we have mentioned the MBA Pharmaceutical Management colleges in India and the MBA Pharmaceutical Management fees.
| Colleges | Fees |
|---|---|
Rs. 5.13 Lakhs | |
Rs. 8.84 Lakhs | |
IIHMR University, Jaipur | Rs. 9 Lakhs |
School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai | Rs. 15 Lakhs |
Rs. 2.00 Lakhs | |
Centre for Management Studies and Research, Ganpat University | Rs. 1.90 Lakhs |
Rs. 4.99 Lakhs | |
Rs. 2 Lakhs |
Browse Top MBA in Pharmaceutical Management Colleges in Top Locations
A lot of public and private educational institutions offer an MBA in Pharmaceutical Management. The fee may vary based on the institution's type and geographical area. Top MBA in Pharmaceutical Management colleges in top locations are tabulated below.
Top Private MBA in Pharmaceutical Management Colleges in India with Fees
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. In the table below, candidates can find the top private colleges for MBA in Pharmaceutical Management in India and the MBA Pharmaceutical Management fees
| Colleges | Fees |
|---|---|
School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai | Rs. 15 Lakhs |
IIHMR University, Jaipur | Rs. 9 Lakhs |
Shoolini University Solan | Rs. 8.84 Lakhs |
Centre for Management Studies and Research, Ganpat University | Rs. 1.90 Lakhs |
Rama University, Kanpur | Rs. 2 Lakhs |
Rs. 3.55 Lakhs |
Top Government MBA in Pharmaceutical Management Colleges in India with Fees
Government educational institutes in India also provide MBA in Pharmaceutical Management. In the table below, we have mentioned the top government MBA Pharmaceutical Management colleges in India.
| Colleges | Fees |
|---|---|
Rs. 4.99 Lakhs | |
Delhi Pharmaceutical Sciences and Research University, New Delhi | Rs. 2.20 Lakhs |
Rs. 2.10 Lakhs | |
| NIPER Mohali | Rs. 3.91 Lakhs |
| NIPER Ahmedabad | Rs. 4.99 Lakhs |
MBA in Pharmaceutical Management is ideal for those interested in learning the management and business side of the pharmaceutical and healthcare industry in India. MBA in Pharmaceutical Management courses in India help students to excel in their careers, such as drug inspector, biochemist, pharmacist, and market research analyst.
Frequently Asked Questions (FAQs)
Interpersonal Skills, Time Management, Organisational Skills, Communication Skills, Problem Solving Skills, Leadership Skills, Decision Making Skills are some of the skills required for an MBA in Pharmaceutical Management.
Some of the top colleges which offer MBA in Pharmaceutical Management degrees are PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University, School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai, School of Management, Dr. DY Patil University, Navi Mumbai, Jamia Hamdard, New Delhi, Delhi Institute of Pharmaceutical Sciences and Research, New Delhi, IIHMR University, Jaipur, Faculty of Pharmacy MS Ramaiah University of Applied Sciences, Bangalore, National Institute of Pharmaceutical Education and Research SAS Nagar, NIPER Hyderabad - National Institute of Pharmaceutical Education and Research, Centre for Management Studies and Research Ganpat University, Mehsana.
There are various career options after an MBA in Pharmaceutical Management. Some of the careers are Digital Marketing Executive, Social Media Manager, Advertising Manager, Brand Manager, Market Research Analyst.
Ranbaxy Laboratories, Dabur India Ltd., GlaxoSmithKline, Abbott Laboratories, Laurus Laboratories Ltd, Regeneron Pharmaceuticals, Bayer, Biocon, Pfizer, Novartis, Cadila Healthcare Limited, Allergan, Inc., Genzyme, USV Private Limited, Sun Pharmaceutical Industries Ltd. are some of the leading organisations that hire MBA in Pharmaceutical Management graduates.
Students who have completed an MBA in Pharmaceutical Management degree can apply for a Ph.D. in Pharmaceutical Management.
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Questions related to MBA
Hello,
Yes, it is feasible to pursue an MBA through distance education along with doing your CA articleship because ICAI does not prohibit it in the first place. But then you need to follow ICAI regulation, which states that a CA articleship requires full time commitment. To comply you have to inform ICAI about your intention to pursue the other course and seek prior permission through Form 112. Ensure the timings of your MBA classes, even if these are online, do not clash with your articleship hours.
Value of an MBA besides CA:
- Improved Business Acumen : An MBA gives one a broader perspective on business management, leadership, and strategy, complementing the technical expertise one gains from CA.
- Career Scope: With CA and MBA, you can explore finance, investment banking, management consulting, and senior management roles.
- Networking: The opportunities to connect with your peers and professionals are available through the MBA programs, even when conducted in distance mode. Your professional network will widen.
- Leadership Skills: The MBA program focuses on soft skills such as communication, teamwork, and leadership that are essential for your career growth.
Align your specialization with MBA in your career goals like finance, marketing, or operations, to gain maximum value.
Hello,
The cost of an MBA in India varies significantly based on the institution. Here are the approximate fees for different types of colleges:
- Top IIMs (Indian Institutes of Management): Rs. 15-25 Lakhs per year.
- Other Prestigious B-Schools (like XLRI, ISB): Rs. 12-22 Lakhs.
- Private Universities (like Symbiosis, SP Jain): Rs. 8-20 Lakhs.
- Government Colleges/Universities: Rs. 2-5 Lakhs per year.
- Distance and Online MBA Programs: Rs. 50,000-2 Lakhs.
The fees depend on the reputation of the college, infrastructure, and location. Scholarships and financial aids may be available.
Hope it helps !
Currently,NIPER (National Institute of Pharmaceutical Education and Research) does not offer an online MBA program; all their MBA programs, which are typically focused on Pharmaceutical Management, are delivered through traditional on-campus learning
NIPER conducts their own entrance exam NIPER JEE. You have to qualify GPAT in order to seat in NIPER JEE. If u will qualify in written, you have to appear in group discussion and personal interview. On the basis of combined Merit list of all written gd pi you will get admission.
ALL the best!!
No, GGU does not accept GMAT score for admission to MBA program. Admission to MBA program in GGU are done through CUET (PG) exam conducted by NTA. GMAT score are considered for admission to various business school like IIMs as IIM Ahmedabad, IIM Lucknow,IIM Calcutta, indore, ISB Hyderabad and Mohali, XLRI Jamshedpur etc. to know more about GGU, admission, visit MBA courses in GGU Bilaspur
Hello
Career options for MBA graduates in the UK and the USA as both countries are home to thriving industries and multinational corporations.
Here’s an overview
1. Finance: Investment Banker, Financial Analyst.
2. Consulting: Management Consultant, Strategy Analyst.
3. Marketing: Brand Manager, Digital Marketer.
4. Technology: Product Manager, Data Analyst.
5. HR: HR Manager, Talent Specialist.
6. Healthcare: Administrator, Consultant.
7. Entrepreneurship: Startup Founder, Business Developer.
8. Operations: Supply Chain Manager, Logistics Analyst.
Key industries : Finance , Tech , Healthcare and Consulting .
For more details links given below
Link for UK
https://studyabroad.careers360.com/articles/job-opportunities-after-mba-in-uk
Link for USA
https://studyabroad.careers360.com/articles/jobs-after-mba-in-usa
Thank you