MBA in Pharmaceutical Management: Course Details, Eligibility, Admission, Fees

Duration

2 Years

Average Fees

INR 2 - 5 LPA

Lisha Gupta

Updated on Jan 4, 2023 by Lisha Gupta

Lisha Gupta

Updated on Jan 4, 2023 by Lisha Gupta

MBA in Pharmaceutical Management is a 2 year postgraduate management course that deals with managerial task's knowledge and skills for the pharmaceutical industry. Aspirants who want to associate themselves with various aspects of the pharmaceutical business can opt for this course for a bundle of exciting job opportunities.

MBA in Pharmaceutical Management Course Details

Degree Masters
Full Form Master of Business Administration in Pharmaceutical Management
Duration 2 Years
Age No age limit
Subjects Required Not Specified
Minimum Percentage 50% in Under Graduation
Average Fees INR 2 - 5 LPA
Average Salary INR 2 - 7 LPA (Source: Payscale)
Employment Roles Business Development Manager, Area Sales Manager, Market Research Analyst, Brand Manager

About MBA in Pharmaceutical Management

Pharmaceutics is the discipline of pharmacy that deals with the process of turning a new chemical entity (NCE) or old drugs into a medication to be used safely and effectively by patients. It is also called the science of dosage form design. MBA Pharmaceutical Management in India involves the efficient management of several domains such as branding, sales management, financial planning, etc.

Some of the important MBA in Pharmaceutical Management subjects include pharmaceutical management information system, legal aspects of pharmaceutical business, management control system, and strategic management. MBA in Pharmaceutical Management job scope is owing to the higher demand and marketability of pharmaceutical products across the world daily.

Table of Contents

MBA in Pharmaceutical Management Eligibility Criteria

MBA Pharmaceutical Management eligibility criteria requires the aspirant to complete their undergraduate degree with a minimum average of 50% aggregate marks from a recognized institution in any relevant discipline. Students must have cleared the standard entrance exams with good scores, along with fulfilling the essential criteria. There are no age limits for pursuing this course.

How To Get Admission for MBA in Pharmaceutical Management?

MBA in Pharmaceutical Management admission is done through merit-basis and management-based. The admission process and the eligibility criteria for MBA in Pharmaceutical Management differ for each institution. The admission is made, considering either the scores obtained in the relevant entrance exam or can be based on merit.

When applying for an MBA course, the admission process does not differ according to the specilization. The steps to be followed for applying to any MBA institution or college are given below:

Apply For the Course

Aspirants can apply online by filling the application form available on the colleges' websites and by attaching the required documents. They can also visit the college to apply by filling the form and by submitting the proper documents.

Selection Criteria

All the shortlisted applicants who get selected based on the entrance exam score or merit will have to appear for the group discussion, followed by a personal interview. On getting selected, the student can pay the fee and get their admit card.

Read More on MBA Admission

Entrance exams are conducted for MBA aspirants at three different levels, namely at the national level, state level, and university level. These entrance exams will test the basic knowledge of the students who are aspiring to do an MBA course. Institutions consider the scores obtained in the exams for the admission process. The students who are desiring to take up their postgraduate in MBA in Pharmaceutical Management should take up the entrance exams and perform well to secure admission. Some of the well-known entrance exams that can be taken are: 

A Quick Glance at the MBA in Pharmaceutical Management Entrance Exams 

The eligibility criteria of the entrance exams vary depending on the conductors of the examination. A few standard patterns that were found among the exams are:

  • The exam patterns consist of different sections like Quantitative Technique, Data Interpretation, Logical Reasoning, Language Comprehension.
  • The entrance exam duration is approximately three hours.
  • The examination can be conducted either in online or offline mode.
  • The exam pattern changes according to the exam.

Top MBA in Pharmaceutical Management Colleges in India 

MBA in Pharmaceutical Management is one of the most popular courses in India. The best MBA Pharmaceutical Management colleges in India, according to NIRF, are listed below:

Best MBA in Pharmaceutical Management Colleges in India
NIRF Ranking Colleges
13 NMMIS Mumbai
24 NMIMS School of Business Management
38 Chitkara University
65 IIHMR Jaipur

Top MBA in Pharmaceutical Management Colleges in Mumbai

Given below are the top Top MBA in Pharmaceutical Management Colleges in Mumbai:

SI.No Colleges
1 NMMIS
2 JBIMS
3 SPJIMR
4 St. Francis Institute of Management and Research
5 National Institute of Industrial Engineering

Top MBA in Pharmaceutical Management Colleges in Delhi

Given below are the top Top MBA in Pharmaceutical Management Colleges in Delhi:

SI.No Colleges
1 GGSIPU
2 IMI
3 IMT
4 Amity University, Noida
5 Christ University

Top MBA in Pharmaceutical Management Colleges in Kolkata

Given below are the top Top MBA in Pharmaceutical Management Colleges in Kolkata:

SI.No Colleges
1 IMI
2 IIM Calcutta
3 IISWBM
4 NSHM Knowledge Campus
5 International School of Business

Top MBA in Pharmaceutical Management Colleges in Bangalore

Given below are the top Top MBA in Pharmaceutical Management Colleges in Bangalore:

SI.No Colleges
1 Christ University
2 Jagdish Sheth School of Management
3 AIMS
4 Xavier Institute of Management and Entrepreneurship
5 IIM Bangalore

Study MBA in Pharmaceutical Management Abroad

When thinking about pursuing this course, many students consider studying MBA in Pharmaceutical Management abroad. Obtaining education abroad can help students learn about concepts and ideas in a more global exposure and setting.

Generally, the MBA in Pharmaceutical Management eligibility for abroad education is that the students must give entrance exams such as GRE or GMAT. Additionally, students may be required to give English proficiency tests such as IELTS or TOEFL.

Top MBA in Pharmaceutical Management Colleges in Canada

Given below are the best colleges for MBA in Pharmaceutical Management Colleges in Canada:

SI.No Colleges
1 York University
2 Trent University
3 Simon Fraser University
4 University of Victoria
5 University of British Columbia

Top MBA in Pharmaceutical Management Colleges in Germany

Given below are the best colleges for MBA in Pharmaceutical Management Colleges in Canada:

SI.No Colleges
1 Frankfurt School of Finance & Management
2 WHU - Otto Beisheim School of Management
3 European School of Management and Technology
4 HHL Leipzig Graduate School of Management
5 Mannheim Business School

Top MBA in Pharmaceutical Management Colleges in Australia

Given below are the best colleges for MBA in Pharmaceutical Management Colleges in Canada:

SI.No Colleges
1 Monash University
2 University of Melbourne
3 University of Sydney
4 RMIT University
5 Victoria Graduate School of Business

Fee Structure for MBA in Pharmaceutical Management

MBA in Pharmaceutical Management is a postgraduate management course for two years consisting of four semesters. The average MBA in Pharmaceutical Management fees ranges from INR 2 LPA to 5 LPA.

Some of the colleges are listed below according to their fees structure:

Fee Structure of MBA in Pharmaceutical Management
Colleges  Fees Structure (INR)
NMIMS, Mumbai 3 LPA
IIHMR University, Jaipur 5.8 LPA
Chitkara University, Patiala 2.83 LPA

Syllabus and Subjects for MBA in Pharmaceutical Management

Pharmaceutical Management is one of the most sought after courses due to its high popularity in the jobs sector and increased popularity. Business administration subjects are combined with pharmaceutical management studies to equip the graduates with the required skills to manage all business domains and ensure the proper management system is followed to achieve targets. Some of the subjects that are included in the MBA Pharmaceutical Management syllabus are listed below:

  • Managerial Communication
  • Basic Epidemiology
  • Pharmacology and Microbiology
  • Strategic Management
  • Pharma Logistics Management

Read More MBA Pharmaceutical Management Syllabus and Subjects

Why Choose MBA in Pharmaceutical Management Course?

Let's break "Why to choose MBA in Pharmaceutical Management?" into a simpler manner by breaking it down into the following three short questions. 

What is MBA in Pharmaceutical Management All About?

Master of Business Administration in Pharmaceutical Management is a two-year postgraduate program that focuses on studying various aspects of business and pharmaceuticals. Master of Business Administration in Pharmaceutical Management is a top specialization in MBA programs. Some of the essential subjects for this course include physiology and pharmacology, business research methodology, production and operations management and managerial communication. MBA in Pharmaceutical Management comes with great job scope with companies like Infosys, Cipla, and Ranbaxy Laboratories.

What does a Pharmaceutical Manager do?

The list of various roles and responsibilities of a pharmaceutical manager is listed below:

Manage Records: Responsible for the smooth running and also manages the ordering and maintaining the records.

Employee Management: Pharmaceutical managers are in a position to recruit and train employees. Also, monitor and evaluate their performance.

Reasons Why MBA in Pharmaceutical Management Can Fetch You a Rewarding Career?

Wide Range: MBA in Pharmaceutical Management is a dynamic and fast-growing sector that has been developed into a rewarding career options

Career growth: Multiple job opportunities are available in this field. The graduates will have a fruitful future in a diverse field. The pharmaceutical industry requires qualified researchers or technical people, but it also demands skilled managers who can use their managing skills & ideas for the growth of the industry.

Read More: MBA in Pharmaceutical Management Jobs and Scope

Preparation Tips for MBA in Pharmaceutical Management Course

Listed below are the preparation tips suggested by our experts for MBA in Pharmaceutical course:

Contact students and alumni of MBA: A conversation with the students or alumni of the same course will help make decisions regarding the course.

Prepare for Exams: Understanding the exam pattern and syllabus of the examination that is to be taken is very important. Make sure you prepare a strategy to take up the time-bound exams.

Mock Exams: Taking up mock exams will help prepare for the exam and help you learn time management. Your strengths and weaknesses can be analyzed and can be concentrated further for securing higher grades.

Scope For Higher Education in MBA in Pharmaceutical Management

MBA in Pharmaceutical Management is one of the key areas in the medicinal and pharmaceutical manufacturing and distribution industry, owing to the significant role in decision-making and placing financial strategy. Students who want to pursue higher education can do certification courses in related fields or do their Ph.D. Some of the options are:

  • Ph.D in Pharmaceutical Management
  • Ph.D in Pharmaceutical Economics
  • Ph.D in Pharmacy Management
  • Ph.D in Health Systems Pharmacy Management

MBA in Pharmaceutical Management Salary

The job scopes for the graduates of this course are generally higher owing to a significant boom in the pharmaceutical domains daily. The average MBA in Pharmaceutical Management salary in the India package ranges from INR 2 to 7 LPA.

Read More: MBA in Pharmaceutical Management Salary

Career Options After MBA in Pharmaceutical Management

Pharmaceutical Management is always important as they play a vital role in human lives. An MBA in Pharmaceutical Management possess all the necessary skills for that task and can get MBA in Pharmaceutical Management jobs under the following job titles:

  • Business Development Manager
  • Brand Manager
  • Area Sales Manager
  • Marketing Manager
  • Business Analyst
  • Drug Distribution Manager
  • Pharmaceutical Purchase Manager

Skills That Make You The Best Pharmaceutical Manager

Every Industry requires a specific set of skills. In this chosen field, both hard skills and soft skills play a vital role, and the ability to handle criticism, being unbiased will help you prosper in your desired career. By Master of business administration in Pharmaceutical Management, the following skills will be gained:

  • Interpersonal Skills
  • Time Management and Organisation Skills
  • Communication Skills
  • Problem Solving Skills
  • Leadership Skills
  • Decision Making Skills

MBA in Pharmaceutical Management Fee Structure

See Various MBA in Pharmaceutical Management Colleges in India

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