MBA Pharmaceutical Management

MBA Pharmaceutical is a two years, full-time MBA programme. The MBA Pharmaceutical Management course is a domain-specific programme which concentrates on preparing the students to enter the pharmaceutical industry. After completion of the MBA Pharma, students join the industry in various Pharma and medical sectors. Many NMIMS students with MBA Pharma are working in international assignments across the globe in the US, EU, Asia Pacific, Middle East, Latin America and Africa. Unlike the National Ranking of MBA Programme offered to various B-Schools, there is no formal ranking for this sector-specific program. The MBA Pharmaceutical Management programme is well recognised and well received by the industry.

Over the period of two years, the MBA Pharmaceuticals Management course develops students to engage in multi-disciplinary management courses through fieldwork and academics, for managerial positions in the Pharmaceutical Industry. Students are also required to do summer Internship with Pharmaceutical, Medical Communication or Medical Devices Companies.

MBA Pharmaceutical Management course is divided into Six Trimesters spread over two years. The MBA Pharma provides in-depth coverage in terms of Theoretical and Experiential Learning along with core management principles in the first year followed by advanced courses and electives in the second year. In addition to academics, the pedagogic approach is devoted to fieldwork in every trimester involving visits to Doctors, Patients, Retailers, Wholesalers, Medical Sales Representatives and Area Sales Managers. In the first year at NMIMS, over 18 field projects are carried out as part of experiential learning. Total Field work exceeds 180 hours and requires an additional 100 hours of data analysis. Students carry out multiple projects throughout the two years, both as a part of their curriculum and for the corporates.

MBA PHARMACEUTICAL faculty consists of full-time teachers as well as many from the industry. The course concentrates on both theoretical as well as the practical aspect of each subject. Additionally, Institute-Industry connect exposes the students to CEOs and HR Heads visiting the campus frequently. The students are also given hands-on exposure to managing a multitude of cells and clubs to plan, organize and execute various events and activities in and off the campus. MBA in Pharmaceutical Management Courses and subjects include:  

• Pharma Business Environment & Strategy
• Principles and Practices of Management in Pharma Industry
• Ethical Issues in Management
• Communication – Written & Oral
• Economics including Micro and Macro Economics
• Financial Accounting, Analysis, Cost and Management
• Human Resources and Behavioral sciences
• Information System
• Marketing
• Operations and Decision Sciences

MBA Pharmaceutical Management Pedagogy includes Lectures, Case-discussions- Harvard and Indian cases, Live experiential outbound learnings, Workshops, Role plays, Video-based discussions and field work which are extensively incorporated in this programme to impart knowledge and skills.

After completing MBA in Pharmaceutical Management, different Jobs profiles are available in key functional areas including Pharmaceuticals, Medical Devices, Market Research, Consultancy, IT Healthcare Verticals, Diagnostics, Medical Communication, Nutraceuticals and other allied healthcare sectors. The profiles of job that are offered cover Sales, Marketing, Business Analysis, Project Management, Client Servicing and Business Development, International Marketing, Operations among others. 

Placement opportunities on completion of MBA Pharmaceutical Management like NMIMS, PUMBA, SIHS, SIES MBA Pharma program exist in the areas of  Medical Devices, Market Research, Consultancy, IT Healthcare, Diagnostics, Medical Communication, and other allied healthcare functional areas. 

NMIMS, PUMBA, SIHS have registered 100% placements for MBA Pharmaceutical Management graduates with average salary in the range of Rs.11 LPA to Rs.19 LPA. 

IIM Kozhikode NMIMS Mumbai, PUMBA Pune, SIHS Pune among others offer 2 years full time residential MBA in Pharmaceutical Management course. MBA Pharma is a post graduate course. Apart from these B-schools, several other Management Institutes also other MBA Pharmaceutical Management either as a standalone Management Program or as a key specialization in their General or Healthcare management program. Check details. 

MBA Pharmaceutical Management Fees for two years is as low as Rs.2 lakhs and as high as Rs.20 lakhs depending upon the type of MBA Pharmaceutical Management college. For example PUMBA the Pune University Management department regulated by Government of Maharashtra offers the MBA in Pharma at a low fees of Rs.2 lakhs while NMIMS Mumbai, a highly ranked private university offers the MBA in Pharmaceutical Management at a fees of Rs. 20 lakhs. 

The eligibility criteria for MBA Pharma Admission are:

• Bachelor's Degree/Master’s Degree in Pharmacy, Life Sciences, MBBS, BDS, BHMS, BAMS, Biotechnology, Microbiology, Bioengineering from a recognized University with minimum 50% marks in the aggregate.
• Candidates with B.Tech. or B.E. in Bio-Tech. or Bio-Medical are also eligible to apply.
• Candidates working in Pharmaceutical Companies as well as freshers, can apply

• Eligible candidates need to appear in acceptable entrance test like CAT, XAT, NMAT, SNAP and have to apply separately to the B-school for admission to MBA Pharmaceutical Management.
• Candidates will be shortlisted based on their entrance exam score, academics and other parameters
• All the shortlisted candidates have to appear in Personal Interview
• Final admission will be made based on performance in PI Round, Entrance test, academics, work experience, and other parameters

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