The PG Diploma in Pharmaceutical Management expands your knowledge of mixture science and the effective use of pharmaceutical treatments. The program prepares you to gain advanced knowledge of business management as well as the fundamentals of medicine.
The program’s main goal is to prepare qualified candidates for administrative roles in the pharmaceutical industry. It also provides skills training in organizing, board-related authorities, consulting and understanding administrative concerns. Students develop large business projects, accelerated business concepts, technology, and accelerated pharmaceutical administration in the PG Diploma in Pharmaceutical Business program. Students will also become familiar with the technical details of meeting the pharmaceutical industry’s present administration requirements.
Admission Open For
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Eligibility Criteria for PGDM in Pharmaceutical Management
Candidates wishing to pursue a Master of Business Administration in Pharmaceutical Management must satisfy the condition:
- The eligible candidates should have completed a three-year undergraduate degree from a recognized academic institution with a minimum score of 50%.
- Any of the relevant subjects should be studied by the applicant: Botany, Chemistry, Physics, Biology, Zoology, Biotechnology, Biochemistry, Pharmacy, Medical Sciences, Agriculture, Ayurveda, Applied Sciences, and B.Sc. Management is just a few of the subjects available.
- A few colleges favor industry experience, but it is not required.
Entrance Examinations for Pharmaceutical Management
The following are the entry tests for an MBA in Pharmaceutical Management:
- CAT – To seek admittance to any Indian Institute of Management (IIM) in India, applicants must pass the CAT, or Common Admission Test.
- MAT – Another admission exam, the Management Aptitude Test (MAT), is held throughout India and is a preferred requirement for several establishments.
Apart from all these two exams, a potential PGDM in Pharmaceutical Management candidate can take a number of others. As an element of their hiring procedure, commercial management organizations or state governments frequently conduct these tests. Additional popular admission tests in India include the following: CMAT, SNAP, and NMAT are three different types of tests.
Admission Procedure for PGDM in Pharaceutical Management
- Students can apply online or download and fill out a registration form from the website . check it in.
- Pay Application fees
- Students who directly apply to the institution must submit their 10th, 12th, and graduation marksheets, admission exam score cards, and picture ID evidence through email, courier, or in person.
- Applicants must come for an individual interviews after their documents have been validated.
- After being accepted, the student must deposit the university fees and provide all necessary documentation in original within the specified time frame.
Course Overview for PGDM in Pharmaceutical Management
|Program Full Name||POST GRADUATE DIPLOMA IN PHARMACEUTICAL MANAGEMENT|
|Duration of the Program||1 Year|
|Admission Process||Entrance Exam and Merit-Based|
|Average Program Fee||Up to Rs. 1 Lakh|
What is it about the PGDM in Pharaceutical Management ?
Pharmaceutical Management is a new MBA program that is gaining popularity among pharma fans. It is among the most renowned Master’s pharmaceutical programs given by Indian higher education institutions.
The appeal of this program stems from the fact that it is a unique combination of two very diverse sectors. A candidate studies Pharmaceutical principles that are expertly blended with Management subjects during the PGDM Course in Pharmaceutical Management.
Furthermore, with the present conditions, the COVID pandemic, and medical issues, India’s pharmaceutical business has come into focus. The pharmaceutical industry has always been one of the fastest-growing and rising businesses, and this trend has only continued in recent years.
After completing the MBA in Pharmaceutical Management, a candidate is carefully created and prepared to take on practically any role in the pharmaceutical industry.
The following are some of the most common profiles available to such experts:
- Sales Manager
- Drug Cost Accountant
- Drug Distribution Manager
- Sales & Marketing Manager
- Pharmaceuticals Distributor
- Market Researcher and Drug Developement
Skills You Will Learn During the Course
Employees, regardless of their work title, must be able to communicate effectively. As a manager, you’ll be interacting with consumers, vendors, staff members, and senior executives. You will be the key point of contact and will be responsible for ensuring that communication is clear, honest, and accessible throughout the business. With group discussions, role-playing in events, industrial tours, industry engagement, and much more, a PGDM in Pharmaceutical Management program can help you improve your communication abilities.
Ability to Plan Ahead
Companies today expect their administrators to be cautious, foresighted, and imaginative in order to achieve their long-term objectives. As a result, considerable planning skills are needed for managers. You will not only study these abilities during your PGDM degree, but you will also have the opportunity to use them during managing projects.
Management Abilities in a Group
A PGDM in Pharmaceutical Management curriculum teaches team managerial skills, which are essential for any manager. Every company’s most precious asset is its employees. Professionals must be aware of their tasks and responsibilities, as well as the shared objectives they must attain, in order to assist the business in achieving its purpose.
A PGDM program’s major goal is to mold prospective leaders and managers. As a result, many graduates in a PGDM program, and several working individuals seeking to advance their careers do so as well.
A PGDM program’s major goal is to mold prospective leadership and management. As a result, many graduates in a PGDM program, and several working individuals seeking to advance their careers do so as well.
Top Colleges for PGDM in Pharmaceutical Management
- PUMBA Pune
- School of Business Management SVKM’s Narsee Monjee Institute of Management Studies, Mumbai
- School of Management, Dr DY Patil University, Navi Mumbai
- IGNOU Delhi
- BK School of Business Management, Gujarat University, Ahmedabad
- SIES College of Management Studies, Navi Mumbai
- MITCON Institute of Management, Pune
- ASM IMCOST – Institute of Management and Computer Studies
- Shree Dhanvantary College of Post Graduate Business Management, Surat
Course Syllabus for Pharmaceutical Management
In contrast to other PGDM programs, Pharmaceutical Management features distinct educational content. This program’s curriculum design combines pharmaceutical and management sciences.
The curriculum includes subjects such as Pharma Technology, Pharmacoeconomics, Strategic Pharma Management, Pharmaceutical Regulatory Affairs, and Pharmaceutical Personal Finance, which are a mix of pharmaceutical and management subjects.
General management principles including project management, supply chain management, and sales and marketing are also covered in the Pharmaceutical Management program. Because it is a Master’s program, live graduation projects and internships are occasionally included in the course content.
Subjects in Pharmaceutical Management
The program elements that candidates must study as part of the Pharmaceutical Masters Program are listed below. This list may change depending on the subject academic requirements or college. Theoretically and practically ideas will be studied by the learners.
- Financial management
- Healthcare economics
- Anatomy and physiology
Careers in Pharmaceutical Management
Pharmaceutical Management degrees are in high demand not only in traditional career areas but also in a variety of other fields, such as academia. MBA Pharmaceutical Managerial graduates, unlike M. Pharmacy graduates, are well-suited to management positions. Students are trained in different parts of the business, such as marketing, sales, and finance, giving them very valuable to top pharmaceutical corporations.
Pharmacists, investigators, industry analysts, chemists, as well as other technicians are all needed in this industry, as are administrative jobs including management staff, sales, and marketing specialists, finance professionals, and administrators. Several government-run and private-based organizations in India have opportunities in the field of pharmaceutical management. Academic institutions, research institutes, government offices, hospitals, pharmaceutical firms, and pharmaceutical development corporations are a few of the institutions that can provide strong employment opportunities for PGDM students.
Job Profiles for PGDM in Pharmaceutical Managment
|Market Research Analyst||The objectives of this work profile involve gathering customer information as well as information from the competition and other market factors. As the job headline indicates, the individual employee must gather data and transform it into business data that will help the company meet its targets and objectives. He or she is the foundation of any pharmaceutical company, as the operations of the organization are dependent on the research that he or she does.|
|Quality Assurance Manager||Considering the growth in the number of fake pharmaceuticals and businesses in the Indian market, the role of Quality Assurance has increased. A quality assurance manager’s responsibilities include quality assurance and timely inspection of a pharmaceutical company’s pharmaceuticals and products. He is in charge of authorization controls during the manufacturing process to ensure that allowed and healthful production is carried out.|
|Drug/Pharmaceutical Store Supervisor||A drug store manager is a drug professional who is in charge of the store’s day-to-day activities. He takes care of the orders and keeps track of the records. They are in charge of implementing solutions by adhering to standard operating procedures for receiving, loading, administering, documenting, and maintaining loss check procedures.|
|Drug Inspector||The drug inspectors make sure that the commodities are safe for human consumption. Their primary responsibility is to check food or medicines at various stages of the manufacturing process to ensure that quality standards are met. Experts can also progress their careers by becoming consumer safety officers, who are in responsible of implementing security procedures and laying out examination methods for pharmaceutical products.|
Top Companies in Pharmaceutical Management
Here are a handful of the top companies that hire Pharma Graduates on a regular basis. The majority of them have screening procedures in place and assign newly hired personnel to jobs that best suit their technical skills.
● Directorate of Industries and Commerce, Nagaland
● Ranbaxy Laboratories
● Dabur India Ltd.
● ACG Worldwide
● Abbott Laboratories
● Laurus Laboratories Ltd
● Regeneron Pharmaceuticals
● Zydus Cadila
● USV Limited
● Sun Pharma
● Vergo Pharma
|Job Profile||Average Salary per annum|
|Market Research Analyst||Rs. 5-6 Lakhs p.a. (Approx.)|
|Quality Assurance Manager||Rs. 5-7 Lakhs p.a. (Approx.)|
|Drug Store Supervisor||Rs. 4-5 Lakhs p.a. (Approx.)|
|Drug Inspector||Rs. 4-5 Lakhs p.a. (Approx.)|
Future trends for PGDM in Pharmaceuical Management
In terms of scale, quantity, and technological breakthroughs, the pharmaceutical industry of the country is one of the most rapidly growing sectors. There are a few noteworthy trends developing in this sector. Here are some important upcoming developments in Pharmaceutical Management that have been recognized. Not just in the central area of pharma, but also in the management department, the latest technologies are being developed at a rapid pace. The spread of new technologies across all operational processes is the prevailing trend in Pharmaceutical Management.
Pharma’s supply-chain business is implementing new technology. To connect all of the logistical procedures, AI and Machine Learning techniques are being deployed. Integration operations are aided by data analysis instruments.
Pharmaceutical organizations are gradually migrating to ERP systems to improve planning and implementation. Pharma These developments are especially useful to applicants with excellent technical expertise.
FAQ’s for PGDM in Pharmaceutical Management
In terms of curriculum and skill development, both courses are excellent. Choosing the correct Master’s program, on the other hand, is dependent on the candidate’s career goals. If he wants to work as a general manager or administrator in the pharmaceutical industry, an MBA in PM is the ideal choice, as it covers areas of sales, marketing, and finance, as well as essential pharmaceutical principles. M Pharmacy is for those who seek a traditional career in the pharmaceutical industry and wish to research and produce goods.
The MBA program in Pharmaceutical Management lasts two years. The individual can begin looking for work after completing the Master’s course and earning the credential.
Because this is a master’s program, applicants must have a degree in a field related to pharmaceutical management. Before pursuing an MBA in PM, he or she should have some experience in the pharmaceutical industry. The course also emphasizes management; a candidate with the aforementioned experience who is also engaged in management and administration would be an excellent fit for this program.
According to online sources, MBA Pharmaceutical Management programs are conducted by roughly 50 universities/colleges. However, this education is only offered by a few government institutions.