An undergraduate degree in B.Pharmacy and an urge to pursue management in the same field? MBA in Pharmaceutical is the way to go ahead.
Pharma industry has been on the rise lately with many managerial opportunities opening up day in and day out. The industry in India ranks 3rd in the world terms of volume and 14th in terms of value. The CAGR for the same was 17.46% between 2005 and 2016 and it is only expected to grow further. Hyderabad, Mumbai, Bangalore, Visakhapatnam and Ahmedabad are the major pharma hubs of India. The FDI percentage in the pharmaceutical sector has been increased which will give excellent opportunities for aspiring candidates to associate themselves with foreign companies as well. With new discoveries and innovations in medicine coming up each day, the scope is unlimited.
‘Pharma Vision 2020’, an initiative by the Government of India is directed towards making India a leader in the end-to-end manufacturing of drug. This is sure to open further horizons in this relatively less famous pharma industry.
The growth of the industry in the value terms can be seen as below:
There is no dearth of reputed companies which you can join after an MBA in Pharmaceutical Management. Some of them include Cipla, Ranbaxy, SunPharma, Cadila Healthcare and many others. The roles which can be bagged after an MBA degree comprise of Sales Manager, Marketing Manager, Market Research Analyst, Drug Distribution Manager just to name a few. Public sector companies can offer roles like General Manager, Deputy General Manager, Regional Manager and Consultant.
While all this looks very attractive, the admission procedure is also quite hassle free. Admissions are accepted through various national level exams like CAT, MAT and others. All you need to do is have interest in this field, understand the potential that there is in this industry and study!
So gear yourself up and explore this promising field.
All the Best!
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