7 Reasons To Consider PGDM in Pharmacy

Almost 15-20 years ago, the healthcare stream was all about doctors. If someone was interested in healthcare, it was assumed they would study at a medical college. However, this has changed for good. The field has grown tremendously and opened new avenues that were once considered niche. One of them being pharmaceutical management.

Today, pharmacy has become an attractive career path for several youngsters. This is because it offers stability, high remuneration, and a plethora of opportunities to grow. If you are someone inclined towards pursuing this career path, but arent sure yet, we are here to help you out.

This blog will help you understand how choosing a PGDM in pharmacy can be the most promising step for your professional life.

Also, if you want to learn more about the course details, duration, eligibility criteria, etc., please go through our a guide on PGDM in Pharmaceutical Management.

Here are 7 Top Reasons to Choose PGDM in Pharma

So, are you interested in pursuing a rewarding career in a rapidly evolving profession? Here are the top seven reasons why PGDM in pharmacy school might be right for you.

1. Learn How To Heal Others

Pharmacists hold an important position in ensuring patients feel better and get well soon. This is because pharmacists are specialists; they know how to evaluate factors that affect a patients ability to take a medication.

These professionals are lucky enough to directly help patients day in and day out. By choosing this course, you will acquire the skills, and every once in a while make a big impact. Making a real difference in someone’s life- isnt this the best part of this profession?

2. Research

A PGDM in Pharmaceutical Management will help you get an in-depth understanding of an industry, which is working on breakthroughs in the science, medicine, and therapy fields. Owing to this, you can get a chance to be part of the research for new medicinal solutions.

It is one of the very few industries that will always focus on transforming the way diseases are treated. Thanks to this, you wont just have a stable job, but also work on constantly finding improved ways for the healthcare sector.

3. Diverse Career Options

When people think of the word pharmacy, they often picture an individual reading the description and giving medicines across the counter. Over the last 10 years the industry has grown so much that it offers a variety of job paths.

While pursuing a PGDM in Pharmaceutical Management, you can find out which discipline appeals to you the most. Some of the popular fields in this domain include Product Manufacturing, Research and Development, Quality Assurance, Operations, and many more.

4. No Stagnation

The healthcare industry is constantly focusing on developing new products and technology to improve quality of life. Hence, it needs professionals who can contribute on a regular basis, and are open to new challenges.

Irrespective of what job role you choose, you can research, work on improving healthcare around the globe. Every day, you can have something interesting yet challenging to look forward to.

5. Demand

So far the only industry which has been able to stand the wrath of this pandemic is the pharmaceutical and healthcare domain. The demand for these professionals has increased the most in the last year to treat patients and develop new medicines across the globe.

In fact, a report by Dart Consulting states that this industry is projected to reach $55 billion at a CAGR of 22.4% by the last quarter of 2020. Considering the current situation we are in, several industries are struggling to keep up; thankfully, the pharmaceutical industry isnt the worst affected.

6. High Remuneration

As mentioned earlier, a good salary package is one of the main reasons why so many individuals prefer this industry. Now, the salary will depend on your profile, company, experience, and skill set. However, the average salary of employees in the pharmaceuticals industry is ₹530,000 according to PayScale.

A PGDM in this stream will equip you with the skills and knowledge to build a stronger portfolio and get a job which can pay even more. So, if you are willing to climb up the corporate ladder and get a higher pay, a PGDM program can be ideal for you.

7. Growth

An article published on Forbes states that the number of jobs in the pharmaceutical industry is expected to increase 14% by 2022. This doesnt just mean there will be more jobs, but also more opportunities for advancing your career. So, whether you are working in this industry or are planning for a masters program, there is wide scope for you.

Conclusion

By now, you might have a brief idea of why you should pursue a PGDM in Pharmaceutical Management. From stability to being in a community that makes a real difference, theres a lot for you to explore. All you need to do is get closer to this ideal job by applying to our masters program.

Apply to PGDM in Pharmaceutical Management at ASMs IBMR

Our PGDM in Pharmaceutical Management focuses on empowering our students with the latest theories, practices, and knowledge to grow. Here, you will get a chance to develop your leadership skills while strengthening your technical base. So, contact us today to start your journey in this evolving industry.