MBA in Pharma & Healthcare Management

The pharmaceutical industry is one of the most significant and growing industries in India. There is a boom in opportunities for pharma graduates in the field of marketing, sales, networking, clinical schools, medical coverage, or drug trading.  

Top Recruiting Industries

MBA in Pharma & Healthcare management degree holders gets placed by pharmaceutical organizations and clinic chains at different managerial levels. A few of the top recruiting industries are:

• Clinical Research & Management
• Pharma Regulatory Management
• Hospital Administration Management
• Government Agencies
• Consultancy & Project Management
• Market Analytics
• Pharma Manufacturing & Quality Assurance

The MBA in Pharma and Healthcare Programme is designed to give students a comprehensive insight into the pharmaceutical and healthcare industry. Students with a master’s degree in pharma and healthcare can have a wide spectrum of career options in the below fields: 

• Clinical Research & Management
• Business Development
• Pharma Regulatory Management
• Sales & Marketing
• Product Management
• Export Management
• Supply Chain management
• Hospital Administration Management
• Government Agencies
• Consultancy & Project Management
• Market Analytics
• Pharma manufacturing and Quality Assurance

• CPC Academy
• Navis Rx
• Niva Growth Consultants
• Aspire Training Solutions
• Zyphars Pharmaceuticals
• Pharma Rise
• Nichrome India Ltd
• Glocal Support
• PSP-IP & Associates Pvt LTD TM & Patent Attorneys Firm
• ConceptSlab STEAM LLP
• OPTIMIST BRAND DESIGN LLP
• Shubharambh Events
• IPCA Labs
• GRH Knowledge Services LLP

The pharma and healthcare industry is witnessing a massive rebuild. The industry is undergoing rapid transformations due to the development of modern technologies. 

The prominent Pharma industry trends include artificial intelligence (AI), additive manufacturing, blockchain, and other Industry 4.0 technologies. The increasing investments, growth of technology startups, the amendment in several key patents, increasing inter-organizational collaborations, and a favorable regulatory environment, are stimulating innovation across the Pharma industry.

Below are the significant trends in Pharma Industry-

• Artificial Intelligence
• Big Data & Analytics
• Flexible Production
• Precision Medicine
• Additive Manufacturing
• Blockchain
• Extended Reality
• Real-World Data
• Digital Therapeutics
• Curative Therapies

Last year was a landmark for the pharmaceutical industry as the government took cognizance and outlined policies to boost innovation and investments in the industry. The outlay of Rs 64,180 crore over six years to improve healthcare services were announced and a jab on manufacturing and investment through the PLI scheme also shows immense potential. The 200% increase in foreign direct investments (FDI) was witnessed in the year 2020-21, as compared to the previous 2019-20. This has also translated into increasing penetration of healthcare services in peri-urban and rural areas along with the availability of innovative therapies and telemedicine initiatives.

Important government schemes for Pharma and Healthcare sector-

• Production Linked Incentive Scheme for Bulk Drugs
• Scheme for Strengthening of Pharmaceuticals Industry (SPI)
• Scheme for Promotion of Medical Device Parks.
• Pharmaceutical Promotion and Development Scheme (PPDS)
• Pharmaceutical Technology Upgradation Assistance Scheme (PTUAS)

At completing the MBA in Pharma and Healthcare Management students will possess:

• Knowledge about the Pharmaceutical industry and Management fundamentals and their application in the industry.
• The program also covers Problem Solving & Innovation Skills, Critical Thinking, Effective Communication, Leadership, and Team Work skills.
• The course develops the thought process of students about Entrepreneurship.
• Social Responsiveness and Ethics – Ability to exhibit a broad appreciation of the ethical and value underpinnings of managerial choices in a political, cross-cultural, globalized, digitized, socio-economic environment and distinguish between ethical and unethical behaviors & act with integrity. 

At the end of the MBA PHCM program, the student will possess expert-level knowledge of the Pharmaceutical and Healthcare Industry. Students will have the ability to articulate, illustrate, analyze, synthesize and apply the knowledge to solve real-world complex business issues.