Overview of on MBA-Pharmaceuticals
MBA-Pharmaceutical is a 2year degree course that is done after the completion of graduation. MBA improves the managerial skills and knowledge required to have a successful career ahead. Marketing strategies are taught and developed in the candidates through this course.
Pharmaceutical is a strategy in which various Pharma companies do marketing about their products and convince the doctors to prescribe the medicine to the patients of their company. It includes research and development of medicines combining with the marketing of those product with a motive to help the patients and medical world.
It is a post graduate course with a minimum eligibility of graduation from any well-known institution in any stream with a minimum 50%. It is a course for 2 years and each year has 2 semesters. Various entrance examinations like NMAT, CAT etc. are held every year to choose the best candidates. Correspondence and distant learning courses are also provided by many Institutions. A personal interview round is held for those who have cleared the entrance exam in order to shortlist the most suitable candidates. The interviewers check for the required skills and ability of the candidate. They even see how they communicate and how presentable they are and how they react in tough situations.
MBA-Pharmaceutical oriented institutions gives more stress on marketing strategies and building up customer relationships.
Some of the subjects that are covered in the duration of 2years are:
- Finance for Managers
- Principles of Management
- Marketing Management
- Managerial Economics
- Pharma Distribution Management
- Pharma Product Management
- Brand Management
- Consumer Behaviour
- Business Communication
- Business Laws
- Project Management
Candidates opting for MBA-Pharmaceuticals require to have proper skills and strategies.
Some of the basic qualities that a candidate needs to have in him to excel are:
- Good Communication Skill
- Ability to take Decisions
- Good knowledge about the profession
- Good Management Skills
- Marketing Skills
- Should know the Policies, Laws and Regulations
- Team Work
- Leadership Quality
- Innovative Thinking
MBA in Pharmaceutical has a lot of scope for the aspirants. It is one of the well profound career option in India as well in foreign. There is no deficiency of jobs in this field. There is a huge requirement of management professional in this field to run the respective firm smoothly and effectively. Candidates can get job in various hospitals, companies that manufacture medicine products, Quality Control, Pharmaceutical Jobs, Research and Development, Pharmaceutical Production Management, Quality Assurance.
They can also work as:
- Sales Manager
- Drug Cost Accounting
- Drug Distribution Manager
- Sales and Marketing Manager
- Pharmaceutical Distributor
- Self-Marketing and Distributorship
- Market Researcher and Developer
With growing population Pharmaceutical Management has become a field that provides a huge number of opportunity. Getting a job in some of the big firms like Johnson & Johnson can lead you to a successful, bright and a secure future.
It is very important to choose a proper institution for the course. The candidate should first properly investigate and gather proper knowledge about the institution that he is willing to join. He should check for the recognition, affiliation, facilities provided, quality of the faculty, standard of education provided.
Some of the Tops most Colleges in India are:
- Indian Institute of Pharmaceutical Marketing, Lucknow
- IIHMR, Jaipur, New Delhi
- NIPER, Mohali
- NMIMS, Mumbai
- MDU, Rohtak
- Institute of Pharmaceutical and Management, Kolkata.
As the pharmaceutical industry is growing at a faster pace. This has led to good to good job vacancies with a luring salary package. Fresher get an average salary of 20,000 to 30,000 every month. Though it also depends on the size and nature of the firm that is hiring. Moreover, as they start gaining experience they see a good rise in their salaries up to 1, 00,000 and above per month. After gaining experience for a certain period of time they can even open their own business.
Above are some of the examples of the vacancies in MBA-Pharmaceuticals in India, aspirants can taking this as reference
To conclude that candidates having the required skills and ability in them can choose this as their career without thinking twice.