The Indian pharmaceutical industry has emerged as the dominant force in the global marketplace in the last decade. As the world’s largest manufacturer of generic drugs, it supplies over 50 percent of global demand, providing critical vaccines and medicines across the world. It also produces pharmaceutical scientists who are leading innovations and improving the quality of healthcare services. As per the Economic Survey 2020-21, the domestic pharma sector is expected to triple in size over the coming decade, to reach USD 120-130 billion by 2030 from the current estimate of USD 41 billion in 2021. Sizable investments in research & development and manufacturing are also fueling a robust increase in employment opportunities.
Despite its remarkable growth, the Indian pharmaceutical industry is not without its challenges. The past one year has not only highlighted the vast gap in the country’s public healthcare infrastructure, but has also demonstrated the tremendous potential of technology in bridging it.
Pharmaceutical managers are critical to lead expanding opportunities in corporate R&D, retail, sales & marketing, analytics, and supply chain. They are also required to spearhead the more administrative and academic requirements in clinical research, policy and regulations. Now, with the increasing application of new and emerging technology in the industry, and the scope of data-driven public healthcare, there is a greater requirement for managers with the ability to harness technology in tandem with their domain expertise, manage cross-cultural teams, and drive strategic organizational growth.
The NMIMS Advantage
NMIMS Shobhaben Pratapbhai Patel School of Pharmacy & Technology Management (SPPSPTM) in Mumbai, and School of Pharmacy & Technology Management (SPTM) in Shirpur and Hyderabad, offer several programs to meet this growing demand for healthcare-managers in the pharma industry.
Since the launch of Shobhaben Pratapbhai Patel School of Pharmacy & Technology Management (SPPSPTM) in 2006, followed by School of Pharmacy & Technology Management (SPTM), under the aegis of SVKM’s NMIMS Deemed-to-be-University, the schools have been pioneers in the field of pharmacy management in India, known for their holistic education that grooms industry-ready graduates.
With AICTE-approved programs, the schools are known for their state-of-the-art campuses at Mumbai, Shirpur and Hyderabad, and a continuously-updated curriculum that is responsive to industry needs. The schools have also received recognition for excellence in learning, with SPPSPTM being adjudged Best Educational Institute in Pharmacy by World Education Congress Global Awards, and Best Institute of Pharmacy by DNA and Star Group, and SPTM, Shirpur, being chosen for the Innovative Education Award by DNA & Star Group.
Since their inception, SPPSPTM and SPTM have created significant inroads into the pharma industry. With a well-established and deep industry network, they are among the few pharma schools in India that offer students hands-on experience in the field with Capstone projects, industrial training, and internships. The focus is on developing a practical approach that is cognisant of on-ground realities.
Integrated B. Pharm. + MBA (Pharm. Tech.)
The five-year, dual-degree B. Pharm. + MBA (Pharma. Tech.) is a customised, industry-relevant program for students who wish to pursue a rewarding career in pharmacy, providing them with management expertise as well as technical knowledge of the pharmacy domain. Successful candidates are awarded with both B. Pharm and MBA degrees in Pharmaceutical Technology at the end of the program.
Integrated M. Pharm. + MBA (Pharma. Tech. & Healthcare Management)
This is a three-year, dual-degree program which equips students with managerial dexterities as well as advanced research skills, to produce healthcare-managers capable of leading the industry through cutting-edge innovation. In addition to an MBA, successful candidates also receive an M. Pharm. degree with specialization in Pharmaceutics, Pharmaceutical Quality Assurance, Industrial Pharmacy or Pharmaceutical Technology.
Both Integrated B. Pharm. + MBA (Pharm. Tech.) and Integrated M. Pharm. + MBA (Pharma. Tech. & Healthcare Management) allow aspirants to save one year and forego the stress of appearing for B-School entrance examinations.
In addition to the integrated programs, NMIMS also offers programs for D. Pharm., B. Pharm., M. Pharm., and Ph.D. The two-year D. Pharm. program, designed in accordance with Pharmacy Council of India regulations, trains students for hospital and community pharmacy roles, while the four-year, PCI-approved B. Pharm program prepares graduates with a keen focus on healthcare, through practice and expert interaction.
The two-year M. Pharm program provides further technical domain knowledge through specialisations in Pharmaceutics, Pharmaceutical Quality Assurance, Industrial Pharmacy and Pharmaceutical Technology. Through the Ph.D. program, NMIMS nurtures the development of world-class researchers and academicians who possess the critical and analytical thinking necessary to pioneer innovation in the industry.