M.Pharm MBA Integrated Course, Eligibility, Admission, Syllabus, Scope & Career Opportunities

M.Pharma MBA is a three-year dual degree postgraduate programme that gives theoretical knowledge of the pharmaceutical industry and managerial skills of the pharmacy sector. As the name suggests it is developed by combining the programmes M.Pharma and MBA. M.Pharm is a postgraduate academic programme in pharmacy while an MBA is a postgraduate management programme.

Students can get thorough knowledge of the pharma industry by completing this course. It gives an in-depth knowledge of the pharmacy sector, which makes them ready for the job. The pharma industry is now looking for people with both research skills and managerial skills. Those who have BPharma or related science degree can apply for this programme.

M.Pharm MBA dual degree is beneficial for getting placed in reputed pharma companies as it adds extra skills to one's resume. This is a new course in the pharma industry, created after seeing the demand for pharmacy professionals with management skills in recent years. In India, NMIMS Mumbai offers this dual degree through its two affiliated colleges.

What is the MPharma MBA Full Form?

M.Pharma MBA stands for Master of Pharmacy-Master of Business Administration. It is an integrated dual degree programme in M.Pharm (associated with the technical field of pharmacy) and MBA (associated with the managerial field). The M.Pharm course gives theoretical knowledge on innovation in pharmaceutical technology, drug regulatory affairs, pharmacogenetics and drug development, quality assurance, biopharmaceutics, and industrial pharmacy.

The MBA course provides knowledge on management subjects like business communication, business economics, operations research, pharmaceutical marketing, and project management.

M.Pharm MBA Course Highlights

M.Pharm MBA Fee Structure

The fee structure is designed by management authorities of academic institutions keeping various factors in consideration such as the duration of the programme, facilities provided to enrolled students, and other things. The average fee of an M.Pharm MBA ranges from Rs. 12.0 lakhs to Rs. 20.0 lakhs.

Why Choose an M.Pharma MBA?

M.Pharm MBA has a lot of advantages. Candidates should opt for the course as they can get ample job opportunities as soon as they complete the course successfully. Since only a few students opt for the course, there is less competition and more demand in the job market. From Pharma and Management to Entrepreneurship, graduates have lots of options to choose from.

As mentioned above, the M.Pharm MBA course fee varies between Rs. 12.0 lakhs to Rs. 20 lakhs. However, if candidates do an M.Pharm and MBA separately, it will cost much more. Moreover, it also saves candidates one academic year.

M.Pharm MBA Eligibility Criteria

Though this is a dual degree programme, the eligibility criteria are similar to other postgraduate programmes. The complete details of the eligibility criteria for the M.Pharm MBA programme are discussed below.

• Candidates should possess a bachelor's degree in pharmacy or a bachelor's degree in science from any recognised university.
• They must possess a minimum of 55 per cent marks in graduation (Students from reserved categories with proper certificates can get admission on 50 per cent marks in graduation).
• Candidates who are waiting for their graduation can also be admitted to this course.

Skill Set Required for M.Pharm MBA Course

There are specific prerequisites to take admission in this M.Pharm MBA dual degree. However, these things are not a mandatory requirement. But students with these skills are best suitable for this course.

• Patience
• Analytical Thinking
• Research Skills
• Managerial Skills
• Communication Skills
• Leadership
• Teamwork

M.Pharm MBA Admission Process

NMIMS University is the only provider of this MPharma MBA dual degree. It requires candidates to pass the NMAT or GPAT entrance exam for admission. The procedure for admission is listed below.

Stage 1 - You have to check the course details from the college's official website. You need to register yourself there and fill up an application form.

Stage 2 - Entrance examination is conducted. You will get the details through email. You need to check your email regularly to stay updated.

Stage 3 - You are called for a personal interview by the university. You will get the details of the venue by email or call letter.

Stage 4 - You must carry all your original documents. You need to pay the fees, and the official admission procedure is done.

Note: You must remember that performance in both the entrance exam and personal interview will be responsible for your admission. So, you should sincerely handle both to ensure admission.

M.Pharm MBA Entrance Examinations

Listed below are entrance exams for getting admission to the MPharma+MBA dual degree. Candidates are advised to cross-verify these details from the provider's official website.

M.Pharm MBA Cut Off

A cut-off is the minimum requirement of marks, scores, or percentages considered by colleges as a major factor in determining the eligibility of candidates for enrollment in the academic course. A cut-off is released every year before the start of the academic year to select candidates from many applicants to offer admission in the programme running in university or college.

Pharmacy Colleges Accepting GPAT Scores by Location

GPAT is a popular pharmacy entrance examination conducted to provide admissions in postgraduate-level pharmacy academic programmes. We have listed below state-wise pharmacy colleges that accept GPAT scores to provide admissions.

M.Pharm MBA Syllabus

M.Pharm MBA integrated course includes subjects from both research-based pharmacy as well as management in the pharma industry. This course is best suitable for those looking for a managerial position in the pharmaceutical industry. The MPharma MBA subjects taught at NMIMS Mumbai are compiled in the table below.

M.Pharm MBA Specialisations

We have listed below the major specialisations offered under the M.Pharm MBA integrated degree course:

• M.Pharm. Industrial Pharmacy and MBA Pharma Tech and Healthcare Management Integrated
• M.Pharm. Pharmaceutical Quality Assurance and MBA Pharma Tech and Healthcare Management Integrated
• M.Pharm. Pharmaceutical Technology and MBA Pharma Tech and Healthcare Management Integrated
• M.Pharm. Pharmaceutics and MBA Pharma Tech and Healthcare Management Integrated

What After M.Pharm MBA?

There are varying options for candidates post-completion of M.Pharm MBA to give directions to their career. Aspirants who want to pursue higher education can opt for a Ph.D in the relevant specialisation of pharmacy. A Ph.D also provides opportunities for an academic career as a lecturer or professor in universities and colleges.

Candidates who want to enter the world of work post-M.Pharm MBA can undergo internships in the pharmaceutical industry. Several pharma companies around the world offer internship opportunities or directly hire pharma students. If candidates are interested in marketing, they can find a job role in pharma marketing.

Career Opportunities After M.Pharm MBA

Pharmacy is one of the growing industries of India. So, the industry is having a huge demand for skilled professionals. There are different areas of work in the pharma sector. Some of the popular positions that are offered to pharma postgraduate degree holders are mentioned below:

Pharmacists - Pharmacists prepare medicines, give information on different drugs, and monitor patient's drug therapy. They remove damaged drugs and supervise the work of support personnel.

Research Scientist - Research Scientists plan and arrange research on different drugs. They check the nanoparticles of a drug and help to get a drug in different forms. They are trained professionals to plan, invent, test, and create new drugs.

Quality Controller - Quality Controllers manage the whole process of quality in a pharmaceutical firm. They supervise, train, and lead all the quality control staff.

Pharmaceutical Purchase Manager - Pharmaceutical Purchase Managers develop, lead, and execute purchase strategies. They also partner with stakeholders to maintain clear documentation.

Sales Manager - Sales Managers work to promote the product of the company and achieve sales targets. They handle the team, train them, and help them to achieve sales targets.

Top Recruiters

• Dr. Reddy's Laboratories
• Lupin
• Cipla
• Sun Pharmaceutical
• Torrent Pharmaceuticals
• Ajanta Pharma

M.Pharm MBA Salary Trends

The salary offered to candidates who graduated with an M.Pharm MBA varies depending on several factors such as their skills, knowledge, academic institution, prior work experience, and other factors. We have provided below details of M.Pharma MBA salary depending on varying roles and responsibilities.

Source: Ambition Box and Glassdoor

M.Pharm MBA Employment Areas

Graduates of the M.Pharm MBA integrated degree are offered managerial roles in the pharmacy and healthcare industry. They can find opportunities in the government as well as the private sector. Candidates can set up their own pharmacy after completion of M.Pharm MBA as they become eligible for a pharmacy licence with a degree in pharmacy academic course.

They can also work with top pharmacy companies and acquire managerial roles such as pharmacy manager, pharmaceutical purchasing manager, sales manager, or quality manager.

Top M.Pharm MBA Colleges in India

Numerous pharmacy colleges in India also offer management programmes. But, if we look for colleges offering M.Pharm MBA dual degree then we find a limited number of institutes only. NMIMS University, Mumbai is a private university that offers integrated M.Pharm MBA courses through its two constituent colleges.