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Nandani Udaiwal
Updated on 25th July, 2024 , 5 min read
MBA in Pharmaceutical Management: Fees, Syllabus, Colleges, Scope, Jobs
Master of Business Administration in Pharmaceutical Management or MBA in Pharmaceutical Management is a two-year postgraduate course which gives students an understanding of the pharmaceutical management and prepares them for key roles in the pharmaceutical industry. MBA Pharmaceutical Management is a specialized program along with MBA in Hospital Management & MBA in Healthcare Management. MBA in Pharmaceutical Management eligibility is a bachelor’s degree with a minimum of 50-55%. The process of admission in this course is through merit basis or entrance exams such as CAT, MAT, XAT. MBA in Pharmaceutical Management fees vary from INR 1,00,000 - 10,00,000. Some of the top colleges for this course are Jamia Millia Islamia, Jamia Hamdard, IIHMR University, Shoolini University etc.
All About MBA:
MBA in Pharmaceutical Management: Course Highlights
What is an MBA in Pharmaceutical Management?
MBA in Pharmaceutical Management is an MBA specialized two years long program. An MBA in Pharmaceutical Management prepares graduates for a career in managing pharmaceutical hospitals, working for pharmaceutical businesses or even researching for pharmaceutical companies. Choosing this ideal MBA specialization course that has a long term impact on candidates life and career.
Why pursue an MBA in Pharmaceutical Management?
The pharmaceutical industry is one of the world's largest and fastest-growing industries which enables graduates to find jobs easily. MBA in Pharma management allows one to work for managerial roles in a variety of settings in the pharmaceutical industry, including hospitals, pharmaceutical businesses etc. Pharmaceutical positions in the pharmaceutical industry receive a good amount of salary. This degree can lead to increased income potential and job stability by providing extra skills and knowledge.
MBA in Pharmaceutical Management: Admission Process
For MBA in Pharmaceutical Management admissions, the selection is based on the performance in the entrance examination. Students must ensure that they know about the eligibility criteria required by colleges. It is highly recommended that aspirants score well in their undergraduate examinations and prepare well for the entrance exam. There are various institutes that took direct admission but some of reputed institutes carried out entrance exams such as XAT, CMAT, SNAP, GMAT and based on scores of entrance exams merit candidates will be shortlisted.
MBA in Pharmaceutical Management: Eligibility
- Candidates require at least graduation from a reputed university with at least 50% aggregate.
- The candidate must have a valid score in the entrance exam.
- Work experience is not mandatory but is highly preferred.
Know More About- MBA Specializations
MBA in Pharmaceutical Management: Course Duration & Fees
MBA in Pharmaceutical Management course is a two year full time post graduation course. Most of the institute has a semester pattern and the course is divided into 4 semesters. However, the exact duration may vary depending on the university or institution offering the course. MBA in Pharmaceutical Management distance education programs may have a duration of 3 years, compared to the regular full-time course. MBA in Pharmaceutical Management Fees differ from institute to institute but should be around 1-10 lakh/year.
MBA in Pharmaceutical Management: Entrance Exams
MBA in Pharmaceutical Management entrance exam in India is often composed of multiple-choice questions (MCQs) that test the candidate's Quantitative Aptitude, Verbal Ability, Logical Reasoning, and Data Interpretation and normally lasts 2-3 hours, with the total amount of questions and marks varying depending on the institution.
Following are the MBA in Pharmaceutical Management entrance exams conducted at the national and university level:
- XAT (Xavier Aptitude Test)
- CMAT (Common Management Admission Test)
- SNAP (Symbiosis National Aptitude Test)
- GMAT (Graduate Management Aptitude Test)
MBA in Pharmaceutical Management Distance Education
MBA in Pharmaceutical Management Distance education is a great option for aspirants who wish to pursue their careers while studying. Students who cannot afford to attend regular classes on campus should opt for a distance mode of learning. Students who are working or engaged in some kind of employment should go for distance education. Many universities and institutes offer distance education for students.
MBA in Pharmaceutical Management: Syllabus
MBA in Pharmaceutical Management syllabus will vary from college to college. Semester wise subjects for MBA Pharmaceutical Management is mentioned below:
MBA in Pharmaceutical Management: Colleges
Given below is a list of the top colleges that offer MBA in Pharmaceutical Management in India along with their fees:
MBA in Pharmaceutical Management: Jobs
An MBA in Pharmaceutical Management opens a wide range of job opportunities. MBA in Pharmaceutical Management salary ranges from INR 3 – 10 LPA. This can vary widely based on factors such as job role and years of experience, also depending on institute and individual profile. Given below is an overview of some of the key job roles along with a general salary that Pharmaceutical Management MBA graduates can explore:
MBA in Pharmaceutical Management: Top Recruiters
Given below is a list of the top recruiters for MBA in Pharmaceutical Management graduates in India:
- Dabur India Ltd.
- Ranbaxy Laboratories
- Central WareHousing Corp.
- Cipla
- Infosys
- Abbott India
- Dr. Reddy’s Lab
- Lupin
- Sun Pharma
- Piramal
MBA in Pharmaceutical Management: Skill Set
Here are some of the key skills that are required for MBA in Pharmaceutical Management students:
- Good interpersonal and communication skills
- Product and industry knowledge
- Basic computer literacy
- Diligent
- Reliable and Goal oriented
- Information processing
- Ability to handle pressure
MBA in Pharmaceutical Management: Scope
MBA in Pharmaceutical Management scope includes various further study options for graduates in India such as PhD in Pharmaceutical Management. Pharmaceutical Management MBA course is oriented towards the development of graduates into well skilled managers groomed for the pharmaceutical industry in the field of sales & marketing, consultancy/project management, business development, market research, market analytics.
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Frequently Asked Questions
What is an MBA in Pharmaceutical Management?
MBA in Pharmaceutical Management is an MBA specialized two years long program. An MBA in Pharmaceutical Management prepares graduates for a career in managing pharmaceutical hospitals, working for pharmaceutical businesses or even researching for pharmaceutical companies.
Why pursue MBA in Pharmaceutical Management?
Pharmaceutical management allows one to work for managerial roles in a variety of settings in the pharmaceutical industry, including hospitals, pharmaceutical businesses etc.
What is the MBA in Pharmaceutical Management fees?
MBA in Pharmaceutical Management Fees differ from institute to institute but should be around 1-10 lakh/year.
Who is eligible for an MBA in Pharmaceutical Management?
Candidates require at least graduation from a reputed university with at least 50% aggregate. The candidate must have a valid score in the entrance exam.
What is the admission process of MBA in Pharmaceutical Management?
For MBA in Pharmaceutical Management admissions, the selection is based on the performance in the entrance examination.
What is the salary after MBA in Pharmaceutical Management?
MBA in Pharmaceutical Management salary ranges from INR 3 – 10 LPA. This can vary widely based on factors such as job role and years of experience, also depending on institute and individual profile.
Which are the MBA in Pharmaceutical Management Jobs?
The MBA in Pharmaceutical Management Jobs are: Pharmaceuticals Distributors, Pharmaceutical Purchase Manager, Formulation Pharmaceutical Technology Scientist, Sales Managers, Consultant and Project Manager, Market Researcher and Analyst etc.
What is the MBA in Pharmaceutical Management Scope?
MBA in Pharmaceutical Management scope includes various further study options for graduates in India such as PhD in Pharmaceutical Management.