Pharmaceutical Management Courses in India

Pharmaceutical Management is a discipline of Management which is involved in ensuring the timely availability and appropriate use of safe, effective, quality medicines, health products, and services in any health care setting. Pharmaceutical Management is involved in the selection of products that are to be circulated in the supply system and their procurement, distribution and use. Pharmaceutical Management focuses on management, supply and usage of Medicines. Pharmaceutical Management works within the political, legal, and regulatory framework. Pharmaceutical Management is directly related to a country’s ability to address public health concerns. Pharmaceutical Managers develop and  improve the supply and use of medicines while minimizing costs.

Some of its specialized fields are -

• Pharma Sales & Marketing Management.
• Pharma Product Management.
• Pharma Production Management.
• Pharmaceutical Policy, Laws, and Regulations.
• Financing Pharmaceuticals.

Content

The study of this field includes all or few of these –

1. Focus on Indian Pharma Industry & allied chapters.
2. Pharma Sales Management.
3. Principles & Practices of Pharma Marketing Management.
4. Management of Sales Territory & Sales Target.

Objectives

• To prepare candidates to take up the challenge and shape the Indian Pharmaceutical Industry for even more brighter future.
• To understand the market need and apply mechanisms to balance the Demand and Supply.
• To bring ethical practices so that medicines are affordable by everyone or are subsidised.

Basic Requirement

Unlike other industries, Pharmaceutical industry unfortunately is not having much management courses designed exclusively by the industry and for the industry. 

1.  Eligibility for M.B.A. in Pharmaceutical Management:

A graduate from any statutory university with a minimum of 50% (45% for SC / ST) marks at graduation level can apply for M.B.A. in Pharmaceutical Management. Students appearing for their final year can apply but their admission will be subject to obtaining the minimum required marks.

2.  Eligibility for ADPBM - Advanced Diploma in Pharmaceutical Business Management:

B Sc / M Sc.
B Pharm / M Pharm.
MBBS / BDS / BAMS / BHMS/ M D. 

3.  Eligibility for Post graduate Diploma in Pharmaceutical Management:

Graduates in Science, Technology, Pharmacy, Medicine, Biotechnology and allied subjects with a minimum of 50% marks or at least two years’ experience in Pharmaceutical Industry. 

Some of the Institutes providing Pharmaceutical Management Courses are:

• National Institute of Management Studies, Bangalore.
• NIRM National Institute of Retail Management, Bangalore.
• Indore Management Institute, Indore, Madhya.Pradesh.
• Carreograph Institute of Pharmaceutical Management, Kolkata.
• Acharya Institutes, Bangalore.
• MET Institute of Medical Sciences, Mumbai.

Job Perspectives

India's Pharmaceutical market is one of the major economic sectors in India, with a current need of funds, infrastructure, R & D, management, and human resources for the development of the pharmaceutical sector. Globalisation and the development of the information superhighway have brought the countries of the world closer. From a business perspective, the world is one big  marketplace. This has affected the Pharmaceutical industry in a major way. Pharmaceuticals is a vast industry which always requires Management Specialists for smooth, productive and effective running of their respective Firms. Just like any Management, Pharmaceutical Management always requires professional personnel, which is why there is no dearth of employment opportunities in this field.

Some Job Types

• Sales Managers.
• Sales & Marketing Manager.
• Market Researcher & Drug Developer.
• Drug Distribution Manager & Drug Cost Accountant.
• Self Marketing & Distributorship.
• Pharmaceuticals Distributors.

Some Employment Areas

• Brand Management Companies.
• Product Management Marketing Firms.
• Market Research Companies.
• Business Development Companies.
• Drug Stores.
• Retail Wholesale Distribution Houses.
• Clinical Research Organisation.
• Contract Manufacturing Organisations.
• Pharmaceutical Machinery Manufacturers.
• Biotech Institutions.