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Pharmaceutical Management

Healthcare has been a stream of interest to the humankind since time immemorial. With the passage of time, the testing processes have evolved, technology has become advanced and the desire to extend life has become stronger. Pharmaceutical Management is a branch of management that primarily has its roots in chemical and health sciences. Pharmaceutical managers ensure the effective and safe use of medicines to avoid medical casualties among other responsibilities.  This branch of management effectively combines medical science and business resulting in the world’s most lucrative careers. With the number of life-threatening diseases increasing rapidly, healthcare has now become one of the mainstream industries across the world. Effective management of manpower and resources in both science and business aspects of pharmaceutical industry is important for the success of any pharma organisation.

A pharmaceutical marketing and management program equips students with knowledge of basic science-both biological and pharmaceutical, marketing strategies and othergeneral management studies. This program is ideal for students who wish to pursue a career in the managerial side of any pharmaceutical and health-based industry. With a course in pharmaceutical management, a student can pursue a career in pharmaceutical sales, health care and health information management, food, drug and medical equipments, regulation, pharmaceutical retail systems, strategic development and implementation of medicine distribution. A management program in this area trains students on Enterprise Management, Leadership, Advanced Business Concepts and Technology Management and Advanced Pharmaceutical Management.
 
Courses you can pursue:-

•    Diploma in Pharmaceutical Management
•    Advanced Diploma in Pharmaceutical Business Management
•    B.B.A. + Diploma in Business Administration (Pharmaceutical)
•    Master of Business Administration in Pharmaceutical Management
•    Executive MBA in Pharmaceutical Management
•    Master of Business Administration in Pharmaceutical Industry Management
•    Online MBA in Pharmaceutical Management
•    Post Graduate Diploma in Pharmaceutical Management   
•    Post Graduate Certificate in Management in Pharmaceutical Management

Pre-Requisites:

Graduate:
For admission in a bachelor’s degree, the candidate must have passed the higher secondary school certificate (10+2) examination. The duration for this course is 3 years.

Post Graduate:
The eligibility criteria for pursuing a master’s degree are holding a bachelor's degree. Students will have to attend an entrance exam such as MAT/CAT/XAT or ATMA to get admitted into this course. The duration for this course is 2 years.

Specializations:-
•    Financing Pharmaceuticals
•    Pharma Product Management
•    Pharma Production Management
•    Pharma Sales & Marketing Management
•    Pharmaceutical Policy, Laws, and Regulations

Employment Prospects:
Pharmaceutical industry draws a lot of interested candidates into research and management jobs. Research based jobs constitute a majority of the employment opportunities in this industry. Graduates can seek employment in research institutes, government departments, universities, pharmaceutical companies and teaching hospitals. But the process of development and distribution of pharmaceutical drugs is also one of the major areas of interest among professionals. Management specialists ensure smooth, productive and effective running of the production and distribution divisions. There is no dearth for growth and employment opportunities in this industry.

Remuneration:-
After completion of their course in pharmaceutical management, graduates can expect an income in the range of Rs. 20, 000 to Rs. 30,000 per month.

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