Want to boost your career in the pharma sector? If you are interested in enhancing your resume to pursue a managerial position in your work area, then explore this blog to find out the top universities that offer an MBA in pharmaceutical management for you.
Table of Contents
1. University of Wyoming
2. Imperial College London
3. S.P. Jain Institute of Management and Research (SPJIMR)
4. University of Rhode Island
5. Monash Business School
6. University of Warwick
7. Narsee Monjee Institute of Management Studies (NMIMS)
8. Frankfurt School of Finance and Management
9. Symbiosis Institute of Business Management (SIBM)
10. Aston University
Ques.1 What are the top universities offering this program?
Ques.2 What subjects are covered in the curriculum?
Ques.3 What is the average salary after an MBA in Pharmaceutical Management?
Ques.4 Can I pursue this MBA abroad without work experience?
Ques.5 How long does it take to complete this program?
The students who are aspiring to seek a career in the healthcare sector often struggle with finding a suitable course and institution. This is because this is a crucial decision that greatly impacts their future goals. Hence, if you are also struggling with the choice of a suitable MBA in pharmaceutical management university for your higher studies, then given below are some suggestions for you.
This is a land-grant research university in the USA. Students enrolling in this MBA course here get the pharmacy skills along with the knowledge about real life application of business practices and theories.
Average fees: $21,771 or INR 19 lakhs
The Imperial College Business School stands at #4 in the UK for full-time MBA, according to the Financial Times ranking. The MBA in pharmacy program provides a mix of both modern technological insights and knowledge of business management.
Average fees: £61,500 or INR 69 lakhs
Confused about the eligibility criteria of MBA in pharmaceutical management?
It is one of the top 10 management institutions in India. It is also accredited by the Association of MBAs. According to the Financial Times ranking it is the #1 college in India and #40 worldwide among different B-schools.
Average fees: INR 22.7 lakhs each year
This is a public university in the United States, which was founded in 1892. The MBA pharmaceutical management program here offer valuable economic and clinical skills. The course further provides a global perspective to students.
Average fees: $47,946 or INR 41 lakhs
This institute is located in Australia. The MBA course here is accredited by AACSB, EQUIS and association of MBAs. This program further offers various opportunities to develop business skills and network with industry leaders.
Average fees: AUD$ 49,900 or INR 27 lakhs
It is one of the top public institutes in Coventry, UK. The MBA pharmaceutical management course here is the second best in the country. Students gain innovative skills and access to a global network while studying here.
Average fees: £49,950 or INR 56 lakhs
It is also one of the best B-schools in India. The average fee for pursuing an MBA in pharmacy from here is INR 8 lakhs per year. The university accepts the scores from the NMAT for admitting students. The MBA program here is ranked #5 out of 122 in the country.
Average fees: INR 8 lakhs per year
It is a private university in Germany. It is among the top business schools in Europe. The MBA in pharmacy program for international students provides them with a deeper understanding and global exposure.
Average fees: 39, 500 Euros or INR 37 lakhs
This college was established in 1978 in Pune, India. The university has its own entrance exams (SNAP) for accepting MBA students. The average MBA fee here is around INR 12 lakhs a year. The institute is known for its quality education and has a strong tie with top recruiters.
Average fees: INR 12 lakhs
This is a public university in the UK, which is among the top 50 around the world. The pharma MBA course syllabus here aims at strategic development, business analysis and modern technologies.
Average fees: £30,000 or INR 33 lakhs
Next, check the conditions that you need to fulfil for studying MBA from these top universities.
The specific MBA pharmaceutical management requirements and criteria may vary for different countries and institutions. However, some of the general criteria and prerequisites for this program are as follows:
In India
Abroad
Also, you can ensure the eligibility criteria for different colleges with the help of a Course Finder tool. Now, take a look at some of the job prospects after pursuing this MBA.
The pharmaceutical sector also requires professionals for functions such as training, employee management, cost-benefit analysis, pricing strategy, hiring, and more. Thus, an MBA in pharmacy can be a good way for you to develop the knowledge and skills that are suitable for getting jobs in this sector. Hence, the following are some career scopes for you to explore:
This job requires you to analyze the data gathered from the vaccine or medicine trials. They further need to ensure that none of the guidelines are broken during the trials.
The average salary in India: INR 26 lakhs, abroad: $67,412 (INR 58L)
This is a career mainly dealing with the biotechnology and pharmaceutical industries. It includes planning, direction and coordination of clinical research projects.
The average salary in India: INR 21 lakhs, abroad: $80263 (INR 69L)
This job requires research skills that you learn while pursuing MBA in pharmaceutical management program. The results of the research work are applied to create high-level strategic plans.
The average salary in India: INR 31.5 lakhs, abroad: $122816 (INR 107L)
This is a job that pays attention to the standards of efficacy, safety and quality control of a particular product. To pursue this career, you will require skills for identifying and solving any issues related to product quality.
The average salary in India: INR 20 lakhs, abroad: $85953 (INR 74L)
This career focuses on the new product’s introduction and the management of its life cycle. After MBA in pharmaceutical management you can easily design and implement various strategies for new products.
The average salary in India: INR 24.3 lakhs, abroad: $79269 (INR 69L)
After completing your pharma MBA course you can start your career as a purchase manager. In this, you will have to look after the order for supplies and ensure their timely delivery.
The average salary in India: INR 18.5 lakhs, abroad: $86642 (INR 75L)
A business development manager identifies and pursues new business opportunities. They also conduct market research and analyze the customers and partnerships.
The average salary in India: INR 23 lakhs, abroad: $67,684 (INR 59L)
Want to know about the scope of the MBA in pharmaceutical management?
To wrap it up, choosing to study pharmaceutical management courses can be a wise and rewarding decision for you. Further, to know more about the institutions, you can take the help of a University Finder tool. It will help you narrow down the choices depending on your area of interest. In addition to that, there are a lot of study abroad consultants like Gradding who can provide you with the necessary guidance for pursuing this MBA program in India and overseas.
Also read: Top MBA Colleges In World.
Suggested to read: Statement Of Purpose For MBA With Sample.
Some of the top universities offering the pharma management course include:
In India
Abroad
Each semester of the pharmaceutical management syllabus comprises different subjects. However, a few of the areas covered by this course are as follows:
The average salary for pharma MBA in India ranges from INR 6 to 12 lakhs per year. Meanwhile, in abroad the average salary ranges between $80,000 – $150,000 (INR 69 lakhs to 1.3 Cr) after the completion of your MBA.
Yes, it is possible to pursue Pharma management from abroad without work experience. The following are the universities that you can choose from:
The MBA in pharmaceutical management is a 2-year postgraduate program. It is further bifurcated into 4 semesters (2 each year).
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