MBA in Pharmaceutical Management is a full-time postgraduate degree course. The duration of this course is 2-year and is generally divided into four semesters. The aim of this programme to focuses on the business & management practices in the Pharmaceutical field. Here, the MBA in Pharmaceutical Management full form is Master of Business Administration in Pharmaceutical Management. The course imparts knowledge of Pharmaceutical Science along with the concepts of marketing which are used in the Pharma field. This course is best suited for those who have completed an undergraduate course in the Pharmacy stream and have long-term experience in the Pharmaceutical industry.
Some of the important topics of MBA Pharmaceutical Management Course is Pharmaceutical marketing, Production Management, Brand Management, Economics and finance etc. After completion of course candidates will become Business analyst, Market Research Analyst, Sales Manager, Drug distribution manager, Quality Assurance Manager etc.
You need to follow some eligibility criteria to pursue this course. It would help if you had a bachelor’s degree from any reputed university and college. It is mandatory, and you have to follow it. You must have scored minimum marks of 55% in the examination. If the marks are below this percentage, you won’t get admission to the MBA Pharmaceutical management course. A valid entrance examination score is essential to pursue the course. It is mandatory for the candidates. However, work experience is preferred but not required in any case. You must try to have a good work experience for this course. This will help in a better understanding of the subject.
If you want to pursue the course, you need to be well aware of the admission process. Students are mostly elected through an entrance examination. Most colleges prefer selecting students through this mode. You have to appear and qualify for the examination. It would help if you had a clear idea of the syllabus for the exam. It is okay if you make prior preparations of the exam.
The examination is conducted on multiple questions. For every wrong answer, you will get negative marks. It is recommended to think and answer the questions properly. You must have a good verbal ability. The quantitative analysis questions are based on class 10 level. All the questions are tricky. So it would help if you were careful while answering them. Apart from this, some questions are asked from current affairs and general knowledge. You must have a clear concept of the present affairs of the country. If you are done with the syllabus, you must practice various mock tests conducted at different sites. This will give you the confidence to crack the examination.
In many cases, students are admitted to the colleges if they have performed excellently at the graduation level. This depends upon the college and its authorities. Different colleges have a different form of the admission processes.
The two-year course is divided into four semesters. Let us go through the subjects included in the course.
Semester 1:
Semester 2:
Semester 3:
Semester 4:
These are the primary subjects included in the course. It will be good to go through the subjects and gain knowledge about the system.
You will now come across some of the well-known colleges that offer this course to aspiring students.
| College | Location | Average Fees |
| SPJIMR College | Mumbai | INR 8.75,000 |
| SIBM | Pune | INR 7,68,000 |
| NMIMS | Mumbai | INR 9,25,000 |
| Alliance University | Bangalore | INR 6.25,000 |
| Amity University | Noida | INR 3,40,000 |
| Lovely Professional University | Jalandhar | INR 3.04,000 |
| Chandigarh University | Chandigarh | INR 1,80,000 |
| NIMS University | Jaipur | INR 60,000 |
| HITS | Chennai | INR 2,53,000 |
| Sanjay Ghodawat University | Kolhapur | INR 2,45,000 |
It would help if you had a clear picture of the job prospects on the subject you are pursuing. Similarly, MBA in Pharmaceutical management course comes with comprehensive options. You can primarily start with the job of Business Development Manager. In this job profile, you will be entrusted with the task of creating business. You have to raise funds and revenues for your organization. You will be given a target that is to be fulfilled.
On the other hand, the position of the sales manager is always open to aspiring candidates. In this position, you will be entitled to meet the daily targets of the company. You have to focus on the revenue of the company. At the same time, you have to maintain a sales team. The role of a Drug distribution Manager is always open to the candidates. In this job, you have to look after the storage and distribution of the licensed drugs. You may have to deal with and handle the manufacturers and retailers. It is an interesting job profile. You can also get job as a Pharmaceutical Purchase Manager. You have to analyse the market and its entire distribution system.
You must be interested to know the salary structure of the job after pursuing this course. You may start with a salary of INR 3, 50,000 annually increasing to INR 8, 00,000 per annum. It will depend on the company you are working. Apart from this, employees are also entitled to get incentives and special allowance if they perform well. It is an added advantage for the employees. The incentive structure will increase with your salary.
It would help if you started the preparation for this course before some years. At present, you have numerous options. You can take admission to some coaching centers that can give you the best possible advice and preparations. Apart from all this, you must take and participate in many mock tests. If you practice the mock tests, you will get a good idea about the pattern of the exam.
Try to visit various sites that will give you complete information about the exam. It would help if you were prompt while answering the questions. It is only possible when you will practice it well. The coaching centers provide coaching with the best coaches. Listen to them and prepare yourself. It would also help if you also stayed updated about recent events. It will help in cracking the entrance examination.