Pharma Management – A virtuous course in Pharma industry

Dr. Ashok Peepliwal (ashokpeepliwal@iihmr.edu.in)

Whenever we are talking about the management; it reflects complete planning, efforts, and executing the strategies to attain certain pre – defined goals but when it is concerned with the pharmaceuticals; its role becomes more & more precious because it deals with the safety of the patients. Pharmaceutical management is a focused master programs (MBA in Pharmaceutical Management) and is a discipline of management courses, which works with the health, management, chemical sciences to ensure the safe and secure use of pharmaceutical drugs. The Pharmaceutical market in India increased at the compound annual growth rate (CAGR) of 17.46% during the period of 2005-2016 and expected to increase up to US dollar 55 billion by the end of 2020. MBA in Pharmaceutical Management is a golden tool to cater the services with outstanding approaches and this is an opportunity for number of students who wanted to enter the managerial facet of pharmaceuticals after finishing their graduation in pharma/other medical/paramedical fields. In this program, students get trained on marketing strategies, sales planning, enterprise, advanced pharmaceutical research, advanced business concept with better management. It diversifies the career in pharmaceutical sales, R&D, marketing, management, and related fields within the health care industry. Those who wish to start their career after MBA in Pharmaceutical Management can join reputed pharmaceutical companies like Abbott, Dr. Reddy’s, Sun Pharma, Cipla and other international brands in capacity of QA Manager, Drug Distribution Manager, Business Development Manager, Sales Manager, Marketing Research Analyst, or Marketing Manager etc. Experienced MBA graduates can get into post of Deputy General Manager or Regional Manager in reputed public sector pharmaceutical companies like Indian Drugs and Pharmaceuticals Ltd (IDPL), Rajasthan Drugs and Pharmaceuticals Ltd (RDPL), Bengal Chemical and Pharmaceuticals Ltd (BCPL), Hindustan Antibiotics Limited (HAL) and Karnataka Antibiotics and Pharmaceuticals Ltd (KAPL) with other private multinationals as well. The companies/organizations are not limited to national level but students may get an opportunity to get the global assignment also. The eligibility for the program is basic graduation degree in Pharma/Science/life sciences etc. and the admission process is quite rigorous for MBA programs of top Universities, a national, state or university level evaluation system if there for the selection through the merit list of their qualifying examination. Numerous national level exams are conducting in various universities like Pharma MAT by IIHMR University, CMAT (Common Management Admission Test), GMAT, NMAT (Narsee Monjee Aptitude test) along with the group discussion after qualifying the entrance test, and personal interview with the recruitment panel to assess candidate’s ideas, expression ability, aptitude, attitude, decision making and critical thinking. There many virtuous colleges and Universities from where a candidate can pursue MBA program in pharmaceutical management and give a new dimension to their career. These are Indian Institute of Health Management and Research (IIHMR University), Jaipur, Narsee Monjee Institute of Management Studies (NMiMS University), Mumbai, Punjab, Indian Institute of Pharmaceutical Marketing, Lucknow, Jamia Hamdard University, New Delhi, Indian Institute of Management, Ahmedabad, National Institute of Pharmaceutical Education, and Research (NIPER), Indian Institute of Commerce and Trade, Lucknow etc. I personally feel that MBA in pharmaceutical management is a lucrative option for pharmacy/science/life science graduates.

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