Opportunities for MBA in Pharmaceutical Management graduates in UAE

Working in the pharmaceutical and healthcare industry goes beyond medications and patients. Since the Covid-19 pandemic, the pharmaceutical and healthcare sector has been booming. From small towns and villages to top-tier cities, the pharmaceutical industry has been thriving worldwide. The industry can be challenging and rewarding if you want to pursue a course and land a lucrative job. 

Many pharmaceutical students face the dilemma of pursuing higher education or building a career. An MBA degree advances your career by preparing you to lead various industry areas. However, a student from the pharmaceutical or healthcare industry won’t find a general all-inclusive degree beneficial. Therefore, many educational institutes and universities have now started providing an MBA degree specializing in pharmaceutical management for students.

This article will discuss the scope and future opportunities after finishing Pharmaceutical Management MBA in UAE.

What is Pharmaceutical Management?

It is called pharmaceutical management when management principles are applied in the pharmaceutical sector. Pharmaceutical management is a specialized career in management that works with health and chemical sciences ensuring the safe and secure use of pharmaceuticals. A career in pharmaceutical management involves research, development, and administrational management. It trains the students to prepare them for various managerial positions in the pharmaceutical industry. 

Pharmaceutical management is a combined study of pharmaceutical sciences and management strategies, such as business, leadership, finance, and marketing. The main objective of studying pharmaceutical management is to build skilled professionals to manage the pharmaceutical sector easily. This is why many science students opt for a master’s degree or a PGP program in Pharmaceutical Management. However, MBA in Pharmaceutical Management is one of the most trending higher studies courses. 

Here is the course guide of MBA in Pharmaceutical Management.

Scope of Pharmaceutical Management in UAE

The pharmaceutical industry is a fast-growing industry with cut-throat competition. Humans are always prone to some illnesses. Therefore, the importance of the pharmaceutical industry will never come to an end. An Career options after an MBA in Pharmaceutical Management is abundant. An MBA will eventually prepare you for different managerial positions in the pharmaceutical management career in UAE.

This course helps you polish the following skills:

• Different working methodologies in pharmaceutical administrations
• Tracking down and solving administrational issues
• Production and marketing strategies
• Drug manufacturing and development skills
• Knowledge about drug discovery and regulatory affairs
• Different pricing strategies and business ethics
• Consulting aptitudes
• Teamwork and collaboration skills
• Soft skills and technical skills

Pursuing an MBA in Pharmaceutical Management can successfully open doors for financial investments in pharmaceutical business. Not only that, but it also helps you learn the latest prevalent technologies, resulting in innovative products and services. It will help you operate your business globally, resulting in a well-organized supply chain of drugs. With an MBA, a pharmaceutical candidate can increase profit margins with tightly controlled budgets.

The UAE pharmaceutical market is expected to grow rapidly in the upcoming years. Hence, the government of UAE has constantly been working towards the upgradation of the pharmaceutical industry. The demand for a career in the pharmaceutical industry is high and on the rise, which portrays lucrative MBA Pharmaceutical Management opportunities UAE. Then, why not enhance your career and skills with an MBA degree in Pharmaceutical Management?

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Opportunities for MBA Pharmaceutical Management graduates in UAE

Over the years, the MBA program has evolved a lot giving rise to many specializations. An MBA in Pharmaceutical Management is a perfect example of this, a perfect combination of pharmaceutical and management studies. It is one of the most sought-after programs and opens the doors to many opportunities discussed below.

Roles	Responsibilities	Average monthly salary
Market Researcher	Researching the current market and finding ways to maximize profits.	AED 9,500
Drug Developer	Involved in drug discovery, manufacturing, and development stages.	AED 10000 to AED 12000
Business Development Manager	Business development managers are responsible for boosting business growth by developing networks and making sales projections.	AED 12,000
Pharmaceutical Marketing Manager	The core duty of a pharmaceutical marketing manager is to increase brand awareness and market share.	AED 32,000
Quality Assurance Manager	A quality assurance manager always checks whether the pharmaceutical products or drugs produced by the company meet the required standards.	AED 15,000
Drug Store Supervisor	A drug store supervisor ensures smooth, safe, timely, and efficient workflow in the respective drug store.	AED 204,000
Drug distribution manager	A drug distribution manager is responsible for achieving the assigned sales target and managing shipments.	AED 25,000
Pharmaceutical Purchase Manager	The core responsibility of a Pharmaceutical purchase manager is to develop, lead, and execute different purchasing strategies.	AED 12,500
Drug Inspector	The role of a drug inspector is to examine the pharmaceuticals at various stages of research and development.	AED 291,744
Regional Healthcare Manager	A regional healthcare manager is responsible for establishing and implementing healthcare policies and standards within the specified region.	AED 28,000
Pharma Benefit Analyst	A pharma benefit analyst analyzes employee interests and decides various employee benefits practices.	AED 12,500

You may be interested to know more about the scope of pharmaceutical management in India.

Conclusion 

With the rapid growth in the pharmaceutical industry, there has been a massive demand for industry-specific professionals. Opting for an MBA specializing in pharmaceutical management will open doors for many exciting career opportunities. 

An MBA in Pharmaceutical management UAE prepares you to work in various managerial roles in the industry. For those already working in the industry, an MBA can diversify your skillset. In contrast, others interested in this field can shift their career with the help of a Pharmaceutical Management MBA in UAE. However, before opting for any course, check its eligibility criteria. 

If pursuing a career in pharmaceutical management interests you, check out MAHE’s MBA in Pharmaceutical Management at Online Manipal. MAHE is a leading academic and research institution with a NAAC A++ rating and Institute of Eminence status. We are very well known for providing industry-oriented education with the sole purpose of increasing employability and earning potential among youth all over the world. Like MBA in Pharmaceutical Management, we offer many other online MBA specialization courses and certifications. To know more about MAHE’s courses, check out our official website now! 

Key takeaways:

• Due to massive growth in the pharmaceutical industry, many businesses have started looking for ways to manage finances and boost their sales.
• The need and demand for MBA graduates in the pharmaceutical industry have been increasing.
• An MBA in pharmaceutical management UAE provides you with significant skills and attracts high-paying job opportunities.