MBA in Pharma & Health Care Management (PHCM): Salary, Scope, Fees, Benefits, Career, jobs, Syllabus, Eligibility & More - ASM IBMR
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MBA in Pharma & Health Care Management (PHCM): Salary, Scope, Fees, Benefits, Career, jobs, Syllabus, Eligibility & More

What is MBA in Pharma & Health Care Management (PHCM)?

MBA in pharmaceutical management is a postgraduate course with a central administration and strategic policies in the pharmaceutical business. It is a long-term course and is by and large isolated into four semesters of study. The course joins the center organization subjects, other than pharma-monetary subjects, key organization, data organization, and examination.

Moreover, the program looks for preparing the yearned supervisors with fundamental capacities in arranging and working organization techniques; diagnosing and handling the organization issues; and securing consultancy aptitudes, with the end goal of creating them up to regulate pharmaceutical present-day units.

In this blog, you will get all the information you need about MBA in pharmaceutical management – salary, scope, fees, benefits, jobs, entrance exam, subject, project topics, syllabus, career, eligibility & more.

To know more about the MBA degree check out the link below:

MBA: Specializations, Eligibility, Fees, Scope, Opportunities & Benefits

MBA in Pharma & Health Care Management: Course Highlights

Course Level Postgraduate degree
Course Duration 2 years
Course Examination Type Semester wise
Course Eligibility Bachelors degree in any discipline with 50% aggregate marks
Course Admission Process Entrance tests conducted by colleges
Course Major Entrance Exams CAT, MAT, GMAT, CMAT, etc
Course Fee INR 2 lakh to 12 lakh
Course Average Salary INR 5- 15 lakh
Top Hiring Companies for MBA in Pharma & Health Care Management Course Graduates Sun pharma, Cipla, Dabur India, Wipro, Apollo etc

 

Eligibility Criteria

  • EDUCATION QUALIFICATION: Primary eligibility criteria for this course is graduation or corresponding from an acknowledged university.
  • MARKS QUALIFICATION: The applicants should meet the base total prerequisite which is 50% for General category students and 45 percent for Reserved category students.
  • Students ought to have a cut-off percentile of various tests like CAT, MAT, GMAT, XAT, CMAT, and so forth. However, many organizations offering this course incline towards students who have a degree in BSc, MBBS, BPT, BPharm, BE/BTech, BDS, and so forth.

 

Admission Process

The selection procedure is distinctive for universities the whole way across the country.

  • In the Writing test, Candidates are evaluated for their writing ability aptness.
  • The written tests are trailed by rounds of Group Discussion and Personal Interview. In the Group Discussion round students are required to manifest their talking proficiency to address any current subject. In the Personal Interview, candidates are asked about their future aim, past encounters and education qualification.
  • Applicants are selected based on their persona and basic technological understanding.

Salary in India

The average beginning salary of a graduate in MBA Healthcare Care Management is around 5 lakh annum and may even rise up to 20 lakh per annum as one heightens in his/her profession.

Entrance Exam

The national level entrance exams for MBA in healthcare management in India are:

  • Common Admission Test (CAT)
  • Management Aptitude Test (MAT)
  • Graduate Management Aptitude Test (GMAT)
  • Common Management Admission Test (CMAT0
  • Xavier Aptitude Test (XAT)
  • National Management Admission Test (NMAT)

Major Research Project Topics

The major research project topics for MBA in Pharma & healthcare management are-

  • A cost analysis study in the general ward of a hospital to develop user charges.
  • A study on formulation of marketing strategies to promote a healthcare service.
  • A study on patient satisfaction in the Outpatient services department in a multi-specialty hospital.
  • A study on job satisfaction of hospital employees about hospital wards.
  • A study of sickness absenteeism of housekeeping staff in a public hospital.

Top 5 Reasons To Choose MBA in Pharma & Health Care Management

  • After graduating, experts can be recruited in clinics, private medical services centers, pharmaceutical organizations, and inside the public authority medical care foundation. These opportunities are assessed to develop throughout the long term so experts holding this degree will consistently have a ton of chances in the healthcare industry.
  • The medical care industry benefits from nonstop and convenient research and analysis that can assist with upgrading patient amneties, clinical therapies, more intelligent medications, and altogether an improved health framework. Students can for sure seek to pursue research after obtaining this degree.
  • MBA Healthcare Management course can offer distinctive professional opportunities and even multipurpose jobs in various medical care administrations. The interest for this area is thriving step by step. One can find a new line of work in the IT department additionally to guarantee information trustworthiness and information security to make an effortless cycle to manage distinctive data Integrity.
  • Despite the fact that healthcare supervisors are not actively serving and managing patients or doing medical procedures, their abilities and knowledge assist with saving an immense number of lives inside the healthcare infrastructure. They are prepared for making critical choices about getting or conveying life-saving clinical hardware, drugs and medicines, and so on with the goal that the patients in a specific clinic or medical services office get convenient consideration.
  • After completing this course, Students can land many job openings from some notable organizations, pay rates for beginners goes from 2 lakh to 10 lakh per annum. It differs from one organization to another.

Required Skills

  • Analytical skills- Effective medical care and clinical administrators seek information for experiences into trouble spots and openings for measure improvement.
  • Relationship building skills- The relations based on trust that medical services and emergency clinic executives form across divergent offices permit them to revitalize various groups behind short and long-term hierarchical objectives.
  • Communication skills- Communication is a critical element at each phase of the medical care cycle, and it tumbles to supervisors to guarantee that data is passed on compactly in each direction.
  • Decision-making- Numerous choices in clinical surroundings occur under states of relative vulnerability, yet health directors in any case need to settle on choices that are keen, vital and proof-based.
  • Leadership skills- Medical services supervisors need to motivate other people in clinical and medication nearby settings to convey the most ideal nature of care.

Syllabus & Subjects

Semester 1

  • Management principles in Pharma industry
  • Consumer behavior
  • Pharma business environment
  • Pharma marketing management
  • Intellectual property rights
  • Human resource management

Semester 2

  • Business communication
  • Business development in Pharma
  • Financial management
  • Financial accounting and analysis
  • Medical pharmacology
  • Regulatory framework in pharma business

Semester 3

  • Strategic management
  • Product and brand management
  • Quality management
  • Business leadership in pharma
  • Strategy brand marketing

Semester 4

  • Managing innovation in pharma
  • Supply chain management
  • Operation research
  • National & international environment in pharma
  • Marketing research in pharma

Career & Jobs Opportunities

The Job opportunities available after MBA in pharma and healthcare management are-

  • Business Development Manager
  • Market Researcher and Drug Developer
  • Sales Manager
  • Drug Distribution Manager
  • Pharmaceutical Purchase Manager
  • Hospital CEO
  • Hospital CFO
  • Healthcare Information Manager
  • Assistant Operation Manager
  • Hospital Administration
  • Medical Practice manager
  • Claims Manager

Scope of MBA in Pharma & Health Care Management

The individuals who seek to take up senior chief positions in the medical services industry should go for MBA in Healthcare Management. This program enables students with the essential abilities to ascend quickly the company pecking order.

Some of the essential points are-

  • Beginning salary for experts with MBA in medical services is almost Rs 5 lakh per annum.
  • Positioning is ensured in notable pharma organizations and clinics.
  • Soaring demand for professional medical services supervisors.
  • Opportunity for extraordinary professional development.

Scope of MBA in Pharma & Health Care Management in Government Sector

A large portion of the public medical clinics has made a vacancy for medical clinic directors and supervisors who assist in discharging the responsibilities of the hospital. In the last few years number of such jobs has expanded in the government department.

 

Top 5 Recruiters for MBA in Pharma & Health Care Management Graduates in India

Following are the top recruiters in India of MBA in Pharma & healthcare management:

  • Sun Pharma
  • Pfizer
  • Dabur India
  • Alkem
  • Ranbaxy Laboratories
  • Abbot
  • INTAS
  • Cipla

Top Recruiting Industries

The top recruiting industries for MBA in pharma & healthcare management are as follows:

  • Pharmacy industry
  • Pharmacy Manufacture/production
  • Marketing
  • Sales
  • Operation & Supply Chain Management
  • Food Industry
  • Hospital Management
  • Healthcare

 

Courses to Do After MBA in Pharma & Health Care Management

The certification courses to Pursue after MBA in pharma and healthcare management are :

  • Medical Billing and Coding Certificate
  • Medical Office Administration Certificate
  • Healthcare Management Certificate
  • Health Information Technology Certificate
  • Public Health Certificate
  • Health Information Certificate
  • Post Masters Certificate.

Related FAQS

Q1: Is Math Required for MBA in Pharma & Health Care Management?

No, maths is not necessary for MBA in pharma & healthcare management. But students have to study subjects like accounts, economics, finance which may require basic mathematical skills.

Q2: Which Is Best in MBA Finance or MBA in Pharma & Health Care Management

-Being a pharma graduate MBA in Pharma is a decent option. Pharma MBA is most requested in the market. Having a pharmacy background MBA in pharma shall be more advantageous than others.

Q3: Why Choose Pharma & Health Care Management as Specialization in MBA

-MBA Healthcare Management course can offer distinctive professional opportunities and even multipurpose jobs in various medical care administrations. The interest for this area is thriving step by step. One can find a new line of work in the IT department additionally to guarantee information trustworthiness and information security to make an effortless cycle to manage distinctive data Integrity.

Q4: How to Do Ph.D. After MBA in Pharma & Health Care Management?

-To pursue a Ph.D., the eligibility criteria comprises having 50% or more marks in the post-graduation, and students are also needed to take up an entrance test. For anyone having a degree of MBA in pharma & healthcare management, the field of Ph.D. is open for them.

Q5: Is MBA in Pharma & Health Care Management A Good Option?

It’s nothing unexpected that over 90% of candidates communicated that the MBA degree in pharma & healthcare management is an extraordinary worth and a venture that more than pays for itself. Pharma MBA professionals are bound to run after a truly amazing job that fulfills their requirements as far as professional advancement and individual satisfaction.

Q6: Is MBA in Pharma & Health Care Management Easy?

It is testing yet not hard to graduate. It is just about as troublesome as one makes it, and is pretty much as compensating as one put resources into it.

Q7: Who Should Do MBA in Pharma & Health Care Management

Students who are wanting to make their vocation in a medical services profession, can go for MBA in pharma & healthcare management.

Summary

The medical services department is prospering and also are the open positions related with it. While superior chiefs are expected to manage everything there is a lack of gifted experts. This gets the focus on MBA in healthcare and its critical job in producing professionals who are suited for these jobs. The circumstance is accordingly ideal for graduates and different experts to volunteer for this course.

Call to action

The MBA degree should be received from a superior establishment that offers this specialization. A more critical glance at the unmistakable B-schools has uncovered that ASM IBMR possesses all the necessary qualities in numerous viewpoints. It has an educational plan that is according to the business’ necessities and has one of the most incredible works situated certificate programs.

Check out the ASM IBMR official site and fill up the form for further details and to apply to this program.

https://www.asmibmr.edu.in/

 

 

 

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