While a doctor treats patients, a pharmacist saves life by mixing the right chemicals to create life saving drugs. The science of pharmacology is as old as the art of healing. In earlier times the healers (hakim or vaid) used to make drugs by themselves and prescribed it to their patients. With time and advancement the art of healing also developed into a more professional and systematised industry.

Doctors no longer create drugs but the task was solely done by experts from the pharmaceutical industry. The sector flourished with leaps and bounds generating huge revenue. Today, with increase in demand of drugs and medicines there are many players who have emerged in the market to earn maximum profits. The competition in this sector led to the demand for skilled professionals to manage the business effectively in order to extract maximum profits from consumers.

To handle the vast industry of pharmaceuticals there was the need of apt planning, smart organising and right execution of ideas. And here enters the MBA in Pharmaceutical Management, the degree came as a golden opportunity for number of students who wanted to enter the managerial aspect of pharmaceuticalsafter completing their graduation in pharma or other medical fields.

A course in pharmaceutical management proved as a magic wand for the industry with proficient leaders getting trained in the pharmaceutical business. While some led the pharmaceutical companies to new heights, there were those who started their own ventures too.

A management degree in pharmaceutical has become one of the top choices among students from medical background who aim to be leaders in this. Here is a glimpse of what all it offers…

What an MBA in Pharmaceutical Management offers:

The field of pharmaceutical management is vast and offers varied opportunities. A student pursuing the course will be trained in following aspects of the business:
 

• Pharmaceuticals
• Principles of management
• Business environment
• Finance in Medical sector
• Physiology
• Consumer Behaviour
• Quantitative Mathematics
• Drug management
• Brand management
• Human Resource Management
• Pharmacy Marketing
• Pharmacy professional communication
• Regulatory affairs
• Research methodology
• Marketing management
• Promotion marketing
• Qualitative methods

Career Prospects ahead:

A professional in Pharmaceutical Management has varied fields to explore like sales promotion, retail wholesale distribution, product management, medical journalism and many more. Research and Development is most crucial in the profession related to medicine, a student with a medical background can also opt to work as a research and development official and can get involved in new drug discovery and process development. Also, one can work with Clinical Research Organisation, Contract Manufacturing Organisations, Pharmaceutical Machinery Manufacturers, and Biotech Institutions.

Institutes offering MBA in Pharmaceutical Management:

There are various courses offered in Pharmaceutical while some institutes provide full-time MBA degree, others provide diploma and short term courses too. Here is the list of some of the institutes offering the course:

• National Institute of Pharmaceutical Education and Research (NIPER), Mohali offering MBA in Pharmaceutical Management
   
• Narsee Monjee Institute of Management Studies (NMIMS), Mumbai offering MBA in Pharmaceutical Management
   
• Indian Institute of Pharmaceutical Marketing (IIPM), Lucknow offering Masters Diploma in Pharma Management
   
• SIES college of Management Studies, Mumbai offerin Postgraduate Diploma in Pharmaceutical Management

Students with medical background who seek to enter the world of leaders and managers can opt for Pharmaceutical Management as a career option…

 

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