MBA after BPharmacy: Top 10 reasons to choose

MBA after B Pharmacy: Top 10 reasons to Choose

A Bachelor’s degree in pharmaceuticals opens doors to endless career opportunities. An MBA degree is another feather in your academic achievements. MBA in pharmaceuticals is a mix of business and science to prepare students for work in the pharmaceutical industry. MBA after B.Pharmacy is a wonderful alternative if you are willing to explore the synergies between pharmacological expertise and business management. This blog will delve deep into the reasons why pursuing an MBA after B.Pharmacy can be a fantastic choice for your career.

MBA after B.Pharmacy is a popular choice for students who want to lead a career in pharmaceutical management but do not want to become doctors. MBA after B.Pharmacy can be pursued in several MBA colleges in India that offer MBA in Pharmaceutical Management.

Career in MBA after B.Pharmacy

More than 1000 Indian colleges and Universities offer MBA after B.Pharmacy. Top college postgraduates are employed by Pharma Ace, Genpact, Novartis, and other companies. Their starting MBA salary ranges from Rs 5 lacs to Rs 7 lacs annually following a B.Pharmacy.

Graduates of B.Pharmacy who choose to pursue an MBA program instead of continuing in their core career are hired as Assistant Research Associates, Drug Specialists, and Healthcare Associates by a variety of companies. A small percentage of B.Pharm graduates go on to work in drug formulation or positions requiring data validation. The private sector often provides the majority of these jobs. Without an MBA degree, B.Pharmacy graduates typically face fierce competition to get one of these sought-after jobs.

Top 10 Reasons to Pursue MBA after B.Pharmacy

MBA after B.Pharmacy is a rewarding option for higher education in the medical field for students who choose to pursue a career in management after pharmacy. They can work in the fields of research, R&D science, cosmetics, medications, and much more. Graduates may even go on to work as pathologists, drug therapists, or health inspectors. However, there are eventually fewer opportunities for advancement in all of these professions. After a few years of employment, careers in these fields usually become stagnant.

An MBA can significantly boost their professional standing. Any pharmaceutical company needs competent managers who can run the business and comprehend its fundamental operations. Following an MBA after B.Pharmacy is a good idea for several reasons, including:

An MBA is a highly desired degree – An MBA in Pharmaceuticals, without a doubt, is one of the most popular and in-demand master’s degrees available today after B.Pharmacy. Not just pharmaceuticals but any undergraduate degree can be pursued in conjunction with an MBA program. Your business knowledge, managerial, and leadership abilities, along with your MBA, will enable you to take advantage of profitable employment prospects in the pharmaceutical sector.
Boost your career prospects – Seeking managerial positions in the pharmaceutical business is made easier with an MBA after B.Pharmacy. Gaining entry into the highly sought-after managerial and leadership positions in pharmaceutical and healthcare firms is possible with an MBA in Pharmaceutical Management. If you pursue an MBA after B.Pharmacy, you might also be able to make more money.
Build Business Acumen – Having an MBA after B.Pharmacy gives you the knowledge and skills needed to make difficult business decisions in the pharmaceutical sector. You can make better business decisions for your company if you have an MBA in Pharmaceutical Management.
Build a network- These days, networking is essential for any working professional, and having an MBA gives you lots of chances to meet and engage with colleagues from different backgrounds. By doing this, you may stay up to date on advancements and trends in your sector and establish connections with specialists in your field.
Opportunities for entrepreneurship- Having an MBA after B.Pharmacy gives you the know-how to start your own pharmaceutical business. This degree may come in very handy if a student wants to open their own pharmacy or clinic.
Better Salary and Higher Position – Students with an MBA after B.Pharmacy can go into higher management positions and earn more money by combining technical and managerial skills. Graduates of MBA after B.Pharmacy from prestigious IIMs and other B. Schools can expect to make up to Rs 20 lakhs a year on average in salary.
Jobs in the Healthcare – Obtain jobs outside of the pharmaceutical industry and in the broader healthcare sector. Students who do not want to work in a drug-making company can work in a range of other sectors as laboratory technicians, medical science liaisons, clinical research coordinators, medical writers, medical representatives, research scientists, regulatory affairs managers, etc.
Jobs outside of Healthcare and Pharm- Opportunities are available with an MBA after B.Pharmacy in fields other than pharma and healthcare. Those who pursue an MBA find employment in a variety of fields, such as finance, retail, consumer durables, automotive, and even e-commerce.Additionally, an MBA opens doors to entrepreneurial opportunities in the chemical industry, private drug companies, and pathology labs.

An MBA allows a graduate to work in multinational corporations (MNCs) in addition to the nation’s pharmaceutical industry. Students who excel in management also go into fields like finance, marketing, operations, and even human resources because these fields offer a great deal of flexibility and skill enhancement.

Students aspiring for an MBA after B.Pharmacy can apply for MBA entrance exams to be admitted into prestigious MBA colleges.

MBA after B.Pharmacy Eligibility and Courses

There are many prerequisites for admission in an MBA after B.Pharmacy owing to the steep competition and challenges surrounding MBA admission. Additionally, the course encourages a diverse student body. Expanding the student body to include more individuals with varying educational backgrounds is both desirable and significant. Students with a B.Pharma degree have an edge when applying to prestigious B-Schools. The following are the initial qualifying requirements.

The applicant needs to have graduated from an institution accepted by the Pharmacy Council of India (PCI).
Students must earn a minimum of 50% in B.Pharma to graduate. (For applicants with reservations—SC, ST, and PWD—this is lowered to 45%.)
It is necessary to be qualified for entrance tests like the CAT, XAT, SNAP, NMAT, or CMAT.

MBA programs are comprehensive. The program guarantees that the MBA postgraduate is well-equipped with Soft Skills in addition to teaching specializations like Finance, Marketing, Operations, IT, or HR. Any student irrespective of their academic background can pursue an MBA and advance his career by gaining access to greater employment prospects. There are key specializations for MBA after B.Pharmacy for graduates to pursue a career in pharmaceutical management that include –

MBA in Pharmaceutical Management
MBA in Health Care Management

Let’s discuss them in detail!

MBA in Pharmaceutical Management

MBA in Pharmaceutical Management provides you with the skills and knowledge required to succeed in the emerging pharmaceutical industry. You will gain in-depth knowledge in a variety of critical areas through this curriculum, including pharmaceutical marketing, pharmaceutical logistics management, the pharmaceutical regulatory landscape, and more. With an MBA in Pharmaceutical Management, you’ll be ready to enter the pharmaceutical sector as a highly sought-after professional. You can explore careers as a pharmaceutical sales manager, regulatory affairs manager, pharmaceutical marketing manager, and more with this MBA in Pharmaceutical Management.

Course	MBA in Pharmaceutical Management
Duration	2 years
Semesters	Four semesters
Entrance exam	CAT/MAT/GMAT/XAT/Other Exams (Varies from college to college)
Eligibility	Bachelor’s degree from a recognized university
Fee	INR 80,000- INR 10,00,000
Top jobs	Pharmaceutical Sales Manager, Regulatory Affairs Manager, Pharmaceutical Marketing Manager, Drug Inspector, Market Research Analyst, etc.

MBA in Healthcare Management

MBA in the field of Healthcare Management is another excellent choice for an MBA after B.Pharmacy. Gaining the skills necessary to succeed in the fast-paced healthcare sector is possible with an MBA in Healthcare Management. Through the study of health informatics, hospital planning, infrastructure management, quality management in healthcare, and other crucial topics, you will develop critical talents including strategic planning, financial management, and leadership. Jobs like physician relations liaison, hospital administrator, healthcare manager, and more will be available to you following an MBA in Healthcare Management.

MBA in Pharma Marketing

Marketing experts are needed in all sectors since marketing is the foundation of all industries. Thus, you will learn the skills needed for the marketing of medications and medical equipment if you pursue an MBA with a focus in Pharma marketing. You will gain marketing skills from completing this specific MBA after B.Pharmacy, which will make you a desirable candidate for many public and private pharmaceutical companies.

How Can I Complete an MBA After B.Pharmacy?

Follow the guidelines to pursue an MBA after B.Pharmacy:

Explore MBA Programs: Look into business schools that accept applicants with a background in pharmacy for their MBA programs.
Fulfil Admission Requirements: Verify whether the schools demand a solid academic record, GMAT/GRE scores, or professional experience.
Emphasize Transferable Skills: Highlight your pharmacy degree’s business-related abilities, such as cooperation and analytical thinking.
Create an Eye-Catching Application: Outline how an MBA will enhance your pharmacy expertise, write a well-organized SOP, and get credible recommendations.
Get Ready for Interviews: If necessary, rehearse for interviews that center on your professional objectives and how an MBA after B.Pharmacy combines your knowledge of pharmaceuticals with business sense.

Best Colleges for MBA after B.Pharmacy

Several top MBA colleges in Greater Noida accept applicants with an MBA following a background in pharmacy including GNIT College of Management. These esteemed collegesare well-known for accepting B. Pharma graduates into their MBA programs, while the precise rankings and offerings may change over time.

List of colleges for MBA after B.Pharmacy

MBA Colleges in India	Location
IIMs	Ahmedabad, Bangalore, Calcutta, Indore, Lucknow, Kozhikode, etc
Indian School of Business	Mohali and Hyderabad
GNIT College of Management	Greater Noida
XLRI Xavier School of Management	Jamshedpur
IITs	Kharagpur, Delhi, Bombay, etc.
SP Jain Institute of Management and Research	Mumbai
Faculty of Management Studies	Delhi
SVKM`s NarseeMonjee Institute of Management Studies	Mumbai
Indian Institute of Foreign Trade	Delhi
NIT	Tiruchhapalli
Jamnalal Bajaj Institute of Management Studies	Mumbai

Don’t forget that every program might have its own requirements and admission standards, so before applying, make sure you fully understand the offers, application dates, and eligibility requirements of each school. Furthermore, rankings and admission requirements for MBA programs are subject to change, so it’s best to check with the individual schools for the most recent details.

Salary and Jobs in MBA after B.Pharmacy

After earning a B.Pharm, an MBA and jobs are both highly paid. An MBA graduate can both maintain and advance in their profession because it provides access to new and lucrative opportunities. Some may even choose to work in fields unrelated to pharmacy.

With an MBA, graduates may network in a way that keeps them current with information and technology. They are therefore excellent choices for promotions within companies. The many roles following an MBA that one can anticipate include

Job position	Average starting salary (per annum)
Sales manager	4,72,401
Business Development Officer	6,00,000
Market Research analyst	3,41,579
Drugs Distribution Manager	7,69,505
Pharmaceutical Purchase Manager	8,42,692
Government Pharmacist	2,50,000
Medical representative (Marketing)	2,96,000
Production and Quality Control Manager	7,80,236

Why Pursue an MBA after B.Pharmacy from GNIT College of Management?

GNIT College of Management is a private college affiliated with Dr. APJ Abdul Kalam Technical University and approved by AICTE offering an MBA in Pharmaceutical Management that lasts 2 years under the aegis of the GN Group of Institutes. The institute was founded in 2017 with the intent to provide dynamic education that matches your preferences for the MBA after B.Pharmacy. We offer the best placements to our MBA graduates in Delhi NCR and other parts of the country.

We have earned several accolades and granted the top 20 ranking for offering top-notch education using a well-rounded learning approach that includes guest lectures, industry visits, alumni get-togethers, personality development seminars, and more.

Our tuition fee is rather affordable for students from all socioeconomic levels, costing INR 2,23,000 for two years of MBA after B.Pharmacy. Students must pay a registration fee of at least INR 25,000 while applying for the program.

We have placed our MBA students in top pharmaceutical companies as Pharmaceutical product managers, pharmaceutical purchase managers, drug distribution managers, regulatory affairs managers, clinical research managers, quality assurance managers, etc. The starting salary of an MBA after B.Pharmacy at GNIT College of Management ranges from 8-15 LPA.

For admission to our MBA after B.Pharmacy program, students must have graduated in B.Pharmacy with a minimum score of 50%. They also need to submit their documents for class 10 and 12^thcertification and personal information. There is no need for students to attend any entrance exams for admission tothe MBA program.

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FAQs for MBA after B.Pharmacy

Q1. WHAT IS THE MBA IN PHARMACEUTICAL MANAGEMENT MBA?

MBA in Pharmaceutical Management is an integrated program combining pharmaceutical science and technology with a variety of business strategies and regulatory challenges specific to the pharmaceutical industry.

Q2. WHAT ARE THE REQUIREMENTS FOR AN MBA AFTER B.PHARMACY AT GNIT COLLEGE OF MANAGEMENT?

You must complete a minimum three-year bachelor's degree in pharmacy from an accredited university with at least 50% of the aggregate marks (45% for SC/ST candidates). You must also have a valid entrance exam score from exams like the CAT, XAT, NMAT, MAT, CMAT, ATMA, GMAT, or GPA.

Q3. WHAT IS THE SCOPE OF AN MBA AFTER B.PHARMACY?

Market Research Analyst
Product Management
Sales & Marketing
Supply Chain Management
Clinical Research Business Development
Pharmaceutical management in hospital
Pharmaceutical Regulatory Management
Pharmaceutical International Business
Medical Devices
Export Management and Q.A. Management

Q4. WHAT IS THE FEE STRUCTURE OF GNIT COLLEGE OF MANAGEMENT?

MBA after B.Pharmacy at GNIT College of Management will cost you INR 2,23,000 in total with an application fee of INR 25000, which is non-refundable.

Q5. DOES GNIT COLLEGE OF MANAGEMENT HAVE A PLACEMENT UNIT FOR STUDENTS PURSUING MBA AFTER B.PHARMACY?

Yes, GNIT College of Management offers a fully operational placement cell that is crucial to helping students advance their careers.

Q6. WHICH COURSE IS BEST FOR MBA AFTER B.PHARMACY?

Here are the best options for students looking for an MBA after B.Pharmacy:

MBA in Pharmaceutical Management
MBA in Pharm Business Management
MBA in General Management or MBA
PGDM in Pharmaceutical Management

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MBA after B Pharmacy: Top 10 reasons to Choose