Pharmaceutical Management is an interdisciplinary course of pharmaceutical science and management which works with the health and chemical sciences, ensures the safe and secure use of pharmaceutical drugs, management and marketing of the drugs and health care equipment. It prepares individuals for careers in pharmaceutical sales, marketing, management, and related fields within the healthcare industry.
MBA Pharma Management is a postgraduate program with 2 years duration.
There are other courses available in the field of Pharma Management and some important programs are given below:
- Diploma in Pharmaceutical Management
- Advanced Diploma in Pharmaceutical Business Management
- BBA+ Diploma in Business Administration (Pharmaceutical)
- Post Graduate Diploma in Pharmaceutical Management
MBA in Pharma management course includes Pharma Business Environment, Business Communication, Management Principles in Pharma Industry, Financial Accounting and Analysis, Human Resource Management, Regulatory Framework for Pharma Business, Pharma Marketing Management, Business Development in Pharma, Consumer Behaviour, Medical Pharmacology, Intellectual Property Rights, Financial Management, Strategic Management, Managing Innovation in Pharma, Business Leadership in Pharma,National & International Environment in Pharma, Product and Brand Management, Operations Research, Strategic Brand Marketing, Marketing Research in Pharma, Quality Management, Supply Chain Management etc
Followings are some of the specializations in Pharma Management:
- Pharma Production Management
- Pharma Product Management
- Pharma Sales & Marketing Management
- Financing Pharmaceuticals
- Pharmaceutical Policy, Laws & Regulations
Required Skills and Aptitude
The skills and aptitudes required for a career in the Pharma Management field include the following:
- Creative thinking
- Good communication and interpersonal skills
- Leadership skills
- Organisation and delegation.
- Personal management
- Project Management skills
- Selling and persuasive skills with technical knowledge
- Time management
It is required to have a recognized bachelor’s degree in Pharmacy/ Science/ Biotechnology/ Management/Medicine with at least 50% marks in aggregate. Candidates need to score CAT/MAT/CMAT/ATMA/XAT/GMAT/GPAT/IIHMR-U MAT or other State Management Aptitude Tests. Some colleges/Universities provide MBA Pharma management to graduates in any discipline.
MBA in Pharma Management Admissions in India are mainly conducted through top entrance exams like CAT, MAT, XAT, CMAT, KMAT and NMAT. Some colleges also consider the score of state level exams and private exams conducted by universities.
Some other entrance tests are Himachal Pradesh Common Entrance Test, Delhi University Science, MICA Admission Test, Maharashtra Common Entrance Test for MBA, Bharati Vidyapeeth Common Entrance Test etc.
Some of the job profiles in the field of Pharma Management are as follows:
- Business Development Manager
- Drug Distribution Manager
- Formulation Pharmaceutical Technology Scientist
- Market Researcher & Drug Developer
- Pharmaceutical Purchase Manager
- Pharmaceuticals Distributors
- Quality Assurance Manager
- Sales Managers
There are many career opportunities in Pharma Management both in Government and private agencies in the field of pharmaceutical marketing, management, sales and other fields such as research institutions, universities, pharmaceutical industry, teaching hospitals, etc. Followings are some of the top recruiters for MBA Phara Management holders:
- Central WareHousing Corp.
- Dabur India Ltd.
- Directorate of Industries & Commerce, Nagaland
- Ranbaxy Laboratories
- Sun Pharma
Following are some Best Institutes in India for Pharmaceutical Management studies:
|Indian Institute of Commerce and Trade||Lucknow|
|Indian Institute of Pharmaceutical Marketing||Lucknow|
|Jamia Hamdard University||New Delhi|
|Mahatma Jyoti Rao Phoole University||Jaipur|
|Narsee Monjee Institute of Management Studies||Mumbai|
|National Institute of Pharmaceutical Education and Research (NIPER)||Punjab|
|SIES College of Management Studies||Mumbai|
|University Institute of Applied Management Sciences||Chardigarh|
Questions & Answers
Q) I want admission to a MBA in Pharmaceutical Management. Do I have to clear any exams for that ?
A) MBA in Pharma Management Admissions in India are mainly conducted through top entrance exams like CAT, MAT, XAT, CMAT, KMAT and NMAT. Some colleges also consider the score of state level exams and private exams conducted by universities.