How to become a Pharmaceutical Executive?

The pharmaceutical industry is growing by leaps and bounds. With its increase, new horizons of career are opened for the students. For the students, who want to advance their career in pharmacy field being a pharmaceutical executive at first is a good choice. Pharmaceutical executive merges the pharmaceutical sciences with innovative R&D and management ideas. It’s a fruitful career opportunity in the health sector.

Eligibility for Pharmaceutical executive job

The pharmaceutical companies hire fresher as well as experienced candidates for the job. However, for recruiting pharmacist education is compulsory. For a candidate to be eligible for the Pharmaceutical executive job following education is compulsory:

UG & PG courses

  • Bachelor course: A Bachelor’s of Pharmacy degree.
  • Master course: A Master’s of Pharmacy degree.

Diploma courses

  • Executive Diploma in Pharmacy regulatory affairs
  • Diploma in Pharmaceutical Management
  • Or any other specialization diploma course related to Pharmacy

For the candidate, a UG and a PG degree in Pharmacy is a must. It’s the minimum pharmacy education required for the pharmaceutical executive job. Any kind of diploma courses is an additional advantage for the candidates. The candidates with the UG and PG degree and additional diplomas are much preferred for the post. Freshers and experienced both are eligible for the same. However, the experienced candidates are preferred over the freshers.

Additionally, skills like communication style, personality, leadership, confidence, and good science background are kept in to account while recruitment.

Areas of Specialization for Pharmaceutical Executives

The pharmaceutical executives are hired four specific categories/area. The first is research to add new ideas and innovation to their scientific area. Second is sales and marketing to formulate new strategies for successful marketing. Third is engineering and/or consulting to embark the technicalities of the equipment. The fourth is finance to drive success to the pharmaceutical company by balancing the financial expenditure of the company.

Salary of Pharmaceutical Executive

In India, the salary of a pharmaceutical executive is approximately Rs. 2.5 to 4 lakhs per annum. Salary criterion depends on the factors like qualification, college from where the education is pursue, experience, specialization courses, joining company, and to some extent upon the recruiters.

However, if you are someone with a good experience and holding a high position in your working area, then may earn quite a good package in the pharma field.

The pharmaceutical industry is growing by leaps and bounds. With its increase, new horizons of career are opened for the students. For the students, who want to advance their career in pharmacy field being a pharmaceutical executive at first is a good choice. Pharmaceutical executive merges the pharmaceutical sciences with innovative R&D and management ideas. It’s a fruitful career opportunity in the health sector.

 

Global Trends and Future perspective

Pharmaceutical industry is a diverse field with hefty career opportunities. Once you achieve a Pharmacy education, then there are variant opportunities. The initial years require lot of hard work and patience. Promotion in the pharmaceutical industry happens in a year or two. Promotion are also based on specialization courses. Thus, it is recommended to undergo part time specialization course after settling down. Master degree in Pharmacy and experienced people can even work abroad in the same sector. The pharma business is growing globally and so are the opportunities. As per the statistical growth, the pharmaceutical industry is bound to grow by 12% till 2020.

Pharmaceutical industry is a diverse field with hefty career opportunities. Once you achieve a Pharmacy education, then there are variant opportunities. The initial years require lot of hard work and patience. Promotion in the pharmaceutical industry happens in a year or two. Promotion are also based on specialization courses. Thus, it is recommended to undergo part time specialization course after settling down. Master degree in Pharmacy and experienced people can even work abroad in the same sector. The pharma business is growing globally and so are the opportunities. As per the statistical growth, the pharmaceutical industry is bound to grow by 12% till 2020.

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