Students enrolled in these degree programs can expect to take courses in diverse areas, such as finance, healthcare policy and business management. Students learn the responsibilities of a manager that include the hiring and retaining of pharmacy professionals, measuring the cost-effectiveness of various drug research programs and ensuring that standards are maintained. These bachelor's programs can usually be completed in four years, and applicants will need a GED or high school diploma.
Bachelor's Degree in Pharmaceutical Management
Some classes may include:
- Financial management
- Healthcare economics
- Anatomy and physiology
Popular Career Options
Depending on their education and experience, graduates may be able to find jobs in pharmaceutical companies, government or investment banks. Their job duties can include analyzing the pharmaceutical market, developing healthcare polices, marketing pharmaceutical products or working with information systems related to healthcare. Some career titles could include:
- Sales executive
- Corporate benefits manager
- Marketing executive
- Industry analyst
Employment and Salary Outlook
According to the U.S. Bureau of Labor Statistics (BLS) in May 2018, the average annual salary for managers in general within the pharmaceutical and medicine manufacturing industry is $163,100 (www.bls.gov).
Continuing Education Information
Pharmaceutical companies may reserve upper management or administrative jobs to those who have a master's degree. A bachelor's degree holder can pursue a master's degree in the fields of pharmaceutical administration or management. These programs can help students understand how the medical industry works, as well as provide more manager-centered business courses.
Students who are interested in theory and research can participate in a doctoral degree program in pharmacy administration. Graduates of these Ph.D. programs can find jobs in pharmacoeconomic or marketing research. They can also find jobs in academic positions.
A bachelor's degree program in pharmaceutical management gives students the background in pharmacology and business to work an array of management positions in the field. Graduates most often will pursue advanced degrees to get higher positions or work in research and academics.