MBA In Pharma Business Management : Careers, Market Trend, Growth, Salary & Top B-Schools

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.

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.

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.

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.

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.

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.

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

List of top/best MBA Colleges in Bangalore with addresses, contact, course details, and fees structure. The comprehensive list consists of top mba bbm colleges offering BBA, MBA and PGD courses in management, Bangalore.

• IIM Bangalore: Indian Institute of Management
  Central Government Autonomous Institute
• TAPMI Manipal: T A Pai Management Institute
• SIBM Bangalore: Symbiosis Institute of Business Management
  Symbiosis International University (SIU) Pune MBA college
• Amrita School of Business, Bengaluru

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