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MBA in Pharma Management

 

Today, the field of health continues to progress and People are looking forward to good and quality facilities in this field. People don’t have enough time to pay attention to their health in changing lifestyles therefore people’s lives are being run with medicines.

 

Today the pharmaceutical industry in India has crossed the figure of 15000 million. In the past several years, the entry of private organizations and multinationals into the pharmaceutical industry has resulted in a substantial change in the appearance and function of the pharmaceutical industry. Due to the growing scope of the pharmaceutical industry, employment opportunities in this area are constantly increasing.

 

Demand for Pharma Managers:

Currently, Pharma Managers are required to provide good quality in Pharma sector. If you are also looking for career options in the field of management, in which there is no shortage of opportunities for you, then Pharma Management can prove to be a good career option for you.

 

Eligibility:

A graduate degree (Pharmacy, Science, Biotechnology, Management, Medicine) holder of minimum 3 year duration can apply for this course. Gross 50 percent marks are required in graduation Also CAT, MAT, CMAT, ATMA, XAT, GPAT score is important. Candidates who hold the last year’s bachelor’s degree in 2017 can also apply. Apart from this, students having two years of work experience in this field can also apply in this course.

 

Field of Pharma Management:

Pharma manager can work in pharma sales, medical device marketing, marketing communication, quality control management, drug store, management, production planning etc. Pharma Manager is the link between healthcare professionals and the company. Pharma companies hire Pharma Managers to be aware of the utility of the product to the customers and the doctors. After the appointment, companies will provide product knowledge and field training with training of anatomy, physiology, pharmacology, salesmanship. Pharma Managers contribute to the production of products and their sales.

Due to the rapid growth in the opportunity in pharma industry, there is considerable career potential in this field.

 

After doing an MBA in pharma management, students may be appointed as Area Manager, Circle Manager, Product Manager, Quality Control Manager or Management Trainee and appointment is done as Marketing Executive, Medical Representative, Business Executive etc.

 

Salary and Packages:

Master Degree holders get up to Rs 5 to 6 lakh rupees as the initial package. Expert professionals in international pharmaceutical companies get a package of 20-25 lakh rupees annually, but higher package and responsibility jobs are available only to 15 to 20 per cent of the candidates, asfor this knowledge of the Global Pharma Industry is essential.

 

Important Colleges:

Some of the major institutions to study Pharma Management are: Indian Institute of Pharma Marketing, Lucknow, Institute of Pharmaceutical Education and Research, Wardha, IIHMR University, Jaipur, NIPER, Mohali etc.

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