MBA In Pharma Business Management : Careers, Market Trend, Growth, Salary & Top B-Schools
MBA in Pharmaceutical Management is a 2-year
postgraduate course with various marketing and business strategies. The top
recruiting companies are Infosys, Sun Pharma, Piramal, Ranbaxy, HCL, Dabur
India Ltd. among others. As per statistics, the Indian pharmaceutical industry
is the 3rd biggest by volume and as per statistics; India is the biggest
supplier of generic medications worldwide with the Indian generics representing
20% of worldwide exports by volume. Pharma Business Management is one of the
top demanding careers nowadays. In this article, we will discuss the Market
Growth and Trends, Career Growth, Jobs after MBA in Pharma Business Management,
top companies, top colleges offering MBA in Pharma Business Management, etc.
Market
Growth and Trends
As per market trend and research, the pharma
sector in India is going to produce 58,000 extra job openings by the year 2025.
With this enormous growth, the pharmaceutical sector has established itself as
one of the biggest growing business sectors in India. Undeniably, we can
consider that an MBA in Pharmaceutical Management offers a promising career for
its aspirants shortly. It is such a course where students can get to learn
about Hospital organization, Marketing, Accounting, Budgeting, Health
economics, and health information systems, etc.
MBA in Pharma Business Management is a growing
management field and as per the sectoral report by India Brand Equity
Foundation, the pharmaceutical market size in India is expected to grow to US$
100 billion by 2025, driven by increasing consumer spending, rapid population
urbanization, and rising healthcare professionals.
Career Growth In Pharma Industry
Candidates can choose various career
prospects such as Sales Manager, Marketing Manager, Drug Cost Accounting, Drugs
Distribution Manager, Business Development Manager in the sector of Pharma
Business Management. Some of the top companies such as Infosys, Sun Pharma,
Piramal, Ranbaxy, HCL, Dabur India Ltd. recruit candidates from Pharma Business
Management.
MBA in Pharma Business Management offers a career
such as Healthcare consultant for niche boutique health consulting firms,
Hospital CEO, Hospital Administrator, Hospital CFO, Product management for
medical device companies, etc. It offers job opportunities such as Market Research
Analyst, Product Management, Clinical Research Business Development, Export
Management, and Q.A. Management etc.
Course Content
MBA in Pharma Business Management consists of
subjects such as Bio-Statistics, Human Resource Management, Strategic
Management, Operational Research and many more. The elective subjects are
International Business, Private Public Partnership, Advanced Excel,
Entrepreneurship, Ethics in Hospital, Innovations Management, etc.
Jobs after MBA in Pharma Business Management
The typical jobs students can get after completing
MBA in Pharma Business Management are Pharmaceutical Purchase Manager, Market
Researcher, and Analyst, Formulation Pharmaceutical Technology Scientist,
Quality Assurance Manager, Business Development Manager, etc.
As Business Development Manager, candidates need
to develop business opportunities, negotiate sales initiatives, and raise funds
for projects
As Sales Managers, candidates need to increase
sales by finding new ways to generate more revenue and manage the sales team.
The top companies that offer jobs after MBA in
Pharma Business Management are Infosys, Sun Pharma, Piramal, Ranbaxy, HCL,
Dabur India Ltd., etc. Apart from this, companies such as Bayer, Zydus Cadila,
Sun Pharma, Vergo Pharma also offer job opportunities for MBA in Pharma
Business Management.
Salary
The average salary range varies from 4.5 lakhs/year
to 7 lakhs/year. As Business Development Manager, candidates can draw 3.5
lacs/year, Sales Manager can expect a remuneration of 4 lacs/year, while a
Pharmaceutical Purchase Manager can get expect a salary of 3.5 lakhs/ year
approx.
Top Companies
The top companies that offer jobs for successful
MBA candidates in Pharma Business Management are Abbott Laboratories, Laurus
Laboratories Ltd, Regeneron Pharmaceuticals, Bayer, Biocon, Pfizer, Novartis,
Zydus Cadila, Allergan. Genzyme, USV Limited, etc. Apart from this, lots of
well-known companies such as Infosys, Sun Pharma, Piramal, Ranbaxy also offer
job opportunities for MBA graduates.
Top
Colleges Offering MBA In Pharma Business Management
The top colleges that offer MBA in Pharma Business
Management are:
- Jamia Hamdard, New Delhi
- IIMR Pharma Business School
- Chitkara University
- Delhi Pharmaceutical Science and Research University
- Indian Institute of Health Management Research (IIHMR), Jaipur
- Faculty of Management and Commerce, M. S. Ramaiah University of Applied Sciences
No comments